The U.S. stethoscope market size is expected to reach USD 211.06 million by 2028, according to a new report by the publisher It is expected to expand at a CAGR of 5.0% from 2021 to 2028. The increasing application of digital stethoscopes in the diagnosis of chronic conditions and rapid technological advancements in stethoscopes are expected to significantly boost the adoption of these devices over the forecast period.
In addition, with the rise in the number of COVID-19 cases, there will be a significant increase in the use of stethoscopes in the country. Since COVID-19 is extremely infectious and a respiratory ailment, initial detection by listening to the lungs and heart is of the utmost importance in any clinical setting. Hence, the market is expected to witness significant and continuous growth even after the end of the pandemic. Moreover, the launch of a digital/smart stethoscope that uses Artificial Intelligence (AI) to record and send recordings to physicians virtually allows them to maintain social distancing and reduce exposure to COVID-19.
The incorporation of new technologies and the introduction of innovative products by key market players are expected to propel market growth during the forecast period. For instance, 3M has launched ‘Single-Patient Stethoscope’ to overcome the issues associated with current disposable stethoscope options such as inadequate audibility and uncomfortableness faced by healthcare professionals. It also helps in minimizing the risk of cross-contamination in an isolation environment.
In addition, with the rise in the number of COVID-19 cases, there will be a significant increase in the use of stethoscopes in the country. Since COVID-19 is extremely infectious and a respiratory ailment, initial detection by listening to the lungs and heart is of the utmost importance in any clinical setting. Hence, the market is expected to witness significant and continuous growth even after the end of the pandemic. Moreover, the launch of a digital/smart stethoscope that uses Artificial Intelligence (AI) to record and send recordings to physicians virtually allows them to maintain social distancing and reduce exposure to COVID-19.
The incorporation of new technologies and the introduction of innovative products by key market players are expected to propel market growth during the forecast period. For instance, 3M has launched ‘Single-Patient Stethoscope’ to overcome the issues associated with current disposable stethoscope options such as inadequate audibility and uncomfortableness faced by healthcare professionals. It also helps in minimizing the risk of cross-contamination in an isolation environment.
U.S. Stethoscope Market Report Highlights
- On the basis of technology type, the traditional acoustic stethoscope segment dominated the market with a revenue share of 72.79% in 2020 as it is comparatively inexpensive, simple to use, and widely available for use by paramedics and nurses
- Based on the sales channel, the distributors' segment dominated the market with a revenue share of 43.03% in 2020. This is because hospitals and clinics usually have long-term contracts and tie-ups with distributors and manufacturers, which save on consignment and other delivery costs
- On the basis of end use, the hospitals' segment dominated the market with a revenue share of 41.99% in 2020 and is expected to expand at the highest CAGR during the forecast period
- The expansion of distribution network across the U.S.is also expected to endorse key players to increase market penetration
Table of Contents
Chapter 1 Methodology and Scope1.1 Market Segmentation and Scope
1.1.1 Technology Type
1.1.2 Sales Channel
1.1.3 End Use
1.1.4 Estimates And Forecast Timeline
1.2 Research Methodology
1.3 Information procurement
1.3.1 Purchased Database:
1.3.2 Internal database
1.3.3 Secondary Sources
1.3.4 Primary Research
1.3.5 Details Of Primary Research
1.4 Information or Data Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation & Validation
1.6 Model Details
1.6.1 Commodity Flow Analysis (Model 1)
1.6.1.1 Approach 1: Commodity Flow Approach
1.6.2 Volume Price Analysis (Model 2)
1.6.2.1 Approach 2: Volume price analysis
1.7 List of Secondary Sources
1.8 List of Primary Sources
1.9 List of Abbreviations
1.10 Objectives
1.10.1 Objective 1
1.10.2 Objective 2
1.10.3 Objective 3
1.10.4 Objective 4
Chapter 2 Executive Summary
2.1 Market Outlook
2.2 Segment Outlook
2.3 Competitive Insights
Chapter 3 U.S. Stethoscope Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.1.1 Parent Market Outlook
3.1.2 Ancillary Market Outlook
3.2 Penetration & Growth Prospect Mapping
3.3 Regulatory Framework
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Rising prevalence of cardiovascular and respiratory diseases
3.4.1.2 Increase in geriatric population
3.4.1.3 Increasing application of digital stethoscope in diagnosis of chronic conditions
3.4.2 Market Restraints Analysis
3.4.2.1 High cost of electronic/smart stethoscopes
3.5 U.S. Stethoscope: Market Analysis Tools
3.5.1 Industry Analysis - Porter’s
3.5.2 Swot Analysis, By PEST
3.6 U.S. Stethoscope: COVID-19 Impact
3.6.1 Changing market trends
3.6.2 Supply/logistics impact
Chapter 4 U.S. Stethoscope Market: Segment Analysis, By Technology Type, 2016 - 2028 (USD Million)
4.1 Definition and Scope
4.2 TechnologyType Market Share Analysis, 2020 & 2028
4.3 Segment Dashboard
4.4 U.S. Stethoscope Market, by Technology Type, 2016 to 2028
4.5 Market Size & Forecasts and Trend Analyses, 2016 to 2028
4.5.1 Electronic/Digital Stethoscope
4.5.1.1 Electronic/digital stethoscope market, 2016 - 2028 (USD Million)
4.5.2 Smart Stethoscope
4.5.2.1 Smart stethoscope market, 2016 - 2028 (USD Million)
4.5.3 Traditional Acoustic Stethoscope
4.5.3.1 Traditional acoustic stethoscope market, 2016 - 2028 (USD Million)
Chapter 5 U.S. Stethoscope Market: Segment Analysis, By Sales Channel, 2016 - 2028 (USD Million)
5.1 Definition & Scope
5.2 Sales Channel Market Share Analysis, 2020 & 2028
5.3 Segment Dashboard
5.4 U.S. Stethoscope Market, By Sales Channel, 2016 to 2028
5.5 Market Size, & Forecasts, Volume and Trend Analysis, 2020 to 2028
5.6 Distributors
5.6.1 Distributors market, 2016 - 2028 (USD Million)
5.6.2 E-commerce
5.6.2.1 E-commerce market, 2016 - 2028 (USD Million)
5.6.3 Direct Purchase
5.6.3.1 Direct purchase market, 2016 - 2028 (USD Million)
Chapter 6 U.S. Stethoscope Market: Segment Analysis, By End Use, 2016 - 2028 (USD Million)
6.1 Definition & Scope
6.2 End-use Market Share Analysis, 2020 & 2028
6.3 Segment Dashboard
6.4 U.S. Stethoscope Market, By End Use, 2016 to 2028
6.5 Market Size, & Forecasts, Volume and Trend Analysis, 2020 to 2028
6.6 Home Healthcare
6.6.1 Home healthcare market, 2016 - 2028 (USD Million)
6.6.2 Hospitals
6.6.2.1 Hospitals market, 2016 - 2028 (USD Million)
6.6.3 Clinics
6.6.3.1 Clinics market, 2016 - 2028 (USD Million)
6.6.4 Nurse Practitioners
6.6.4.1 Nurse practitioners market, 2016 - 2028 (USD Million)
6.6.5 EMT/ First Responders
6.6.5.1 EMT/first responders market, 2016 - 2028 (USD Million)
6.6.6 Veterinary
6.6.6.1 Veterinary market, 2016 - 2028 (USD Million)
Chapter 7 U.S. Stethoscope Market: State Market Analysis, By Technology Type, By Sale Channel, By End Use, 2016 - 2028 (USD Million)
7.1 Definition & Scope
7.2 State Market Share Analysis, 2020 & 2028
7.3 State Market Snapshot
7.4 Market Size, & Forecasts, and Trend Analysis, 2020 & 2028
7.5 U.S.
7.5.1 U.S. Market Estimates And Forecast, By Country, 2016 - 2028 (USD Million)
7.5.2 U.S. Stethoscope Market, By Technology Type, 2016 - 2028 (USD Million)
7.5.3 U.S. Stethoscope Market, By Sales Channel, 2016 - 2028 (USD Million)
7.5.3 U.S. Stethoscope Market, By End Use, 2016 - 2028 (USD Million)
7.5.4 California
7.5.4.1 California Stethoscope Market, 2016 - 2028 (USD Million)
7.5.5 New York
7.5.5.1 New York Stethoscope Market, 2016 - 2028 (USD Million)
7.5.6 Texas
7.5.6.1 Texas Stethoscope Market, 2016 - 2028 (USD Million)
7.5.7 Florida
7.5.7.1 Florida Stethoscope Market, 2016 - 2028 (USD Million)
7.5.8 Pennsylvania
7.5.8.1 Pennsylvania Stethoscope Market, 2016 - 2028 (USD Million)
7.5.9 Illinois
7.5.9.1 Illinois Stethoscope Market, 2016 - 2028 (USD Million)
7.5.10 Ohio
7.5.10.1 Ohio Stethoscope Market, 2016 - 2028 (USD Million)
7.5.11 Michigan
7.5.11.1 Michigan Stethoscope Market, 2016 - 2028 (USD Million)
7.5.12 Massachusetts
7.5.13.1Massachusetts Stethoscope Market, 2016 - 2028 (USD Million)
7.5.14 New Jersey
7.5.14.1 New Jersey Stethoscope Market, 2016 - 2028 (USD Million)
7.5.15 Rest of USA
7.5.15.1Rest of USA Stethoscope Market, 2016 - 2028 (USD Million)
Chapter 8 U.S. Stethoscope Market - Competitive Analysis
8.1 Company Share Analysis
8.2 Company Profiles
8.2.1 Eko Devices Inc.
8.2.1.1 Company overview
8.2..1.2 Product benchmarking
8.6.1.3 Strategic initiatives
8.2.2 3M
8.2.2.1 Company overview
8.2.2.2 Financial Performance
8.2.2.3 Product benchmarking
8.2.2.4 Strategic initiatives
8.2.3. Medline Industries Inc.
8.2.4.1 Company overview
8.2.3.2 Product benchmarking
8.2.3.3 Strategic initiatives
8.2.4 Heine Optotechnik GmbH& Co. KG
8.2.4.1 Company overview
8.2.4.3 Product benchmarking
8.2.5 Welch Allyn (Hill-Rom Holdings, Inc.)
8.2.5.1 Company overview
8.2.5.2 Financial performance
8.2.5.3 Product/Service benchmarking
8.2.6 GF Health Products, Inc.
8.2.6.1 Company overview
8.2.6.2 Product benchmarking
8.2.6.3 Strategic initiatives
8.2.7 Rudolf Riester GmbH
8.2.7.1 Company overview
8.2.7.2 Product benchmarking
8.2.7.3 Strategic initiatives
8.2.8 American Diagnostics Corporation
8.2.8.1 Company overview
8.2.8.2 Financial performance
8.2.8.3 Product benchmarking
8.2.8.4 Strategic initiatives
8.2.9 Cardionics
8.2.9.1 Company overview
8.2.9.2 Financial performance
8.2.9.3 Product benchmarking
8.2.9.4 Strategic initiatives
8.2.10 Heine Optotechnik GmbH & Co. KG
8.2.10.1 Company overview
8.2.10.2 Financial performance
8.2.10.3 Product/Service benchmarking
8.2.10.4 Strategic initiatives
List of Tables
Table 1 List of secondary sources
Table 2 List of abbreviationsList of Figures
Figure. 1 U.S. stethoscope market segmentation
Figure. 2 Market research process
Figure. 3 Information procurement
Figure. 4 Primary research pattern
Figure. 5 Market research approaches
Figure. 6 Value-chain-based sizing & forecasting
Figure. 7 QFD modeling for market share assessment
Figure. 8 Market formulation & validation
Figure. 9 Market outlook (2020)
Figure. 10 Segment Outlook
Figure. 11 Strategy framework
Figure. 12 Penetration & growth prospect mapping
Figure. 13 Market driver relevance analysis (Current & future impact)
Figure. 14 Market restraint relevance analysis (Current & future impact)
Figure. 15 Porter’s five forces analysis
Figure. 16 SWOT analysis, by factor (political & legal, economic and technological)
Figure. 17 U.S. stethoscope market: Technologytype movement analysis
Figure. 18 U.S. stethoscope market technology type outlook: Key takeaways
Figure. 19 Electronic/digital stethoscope market, 2016 - 2028 (USD Million)
Figure. 20 Smart stethoscope market, 2016 - 2028 (USD Million)
Figure. 21 Traditional acoustic stethoscope market, 2016 - 2028 (USD Million)
Figure. 22 U.S. stethoscope market: Sales channel movement analysis
Figure. 23 U.S. stethoscope market sales channel outlook: Key takeaways
Figure. 24 Distributors market, 2016 - 2028 (USD Million)
Figure. 25 E-commerce market, 2016 - 2028 (USD Million)
Figure. 26 Direct purchase market, 2016 - 2028 (USD Million)
Figure. 27 U.S. stethoscope market: End-use movement analysis
Figure. 28 U.S. stethoscope market end-use outlook: Key takeaways
Figure. 29 Home healthcare market, 2016 - 2028 (USD Million)
Figure. 30 Hospitalsmarket, 2016 - 2028 (USD Million)
Figure. 31 Clinics market, 2016 - 2028 (USD Million)
Figure. 32 Nurse practitioners market, 2016 - 2028 (USD Million)
Figure. 33 EMT/ first responders market, 2016 - 2028 (USD Million)
Figure. 34 Veterinary market, 2016 - 2028 (USD Million)
Figure. 35 Stethoscope market share, by state, 2020 & 2028 (%)
Figure. 36 Stethoscope market: State outlook and key takeaways
Figure. 37 Stethoscope market State movement analysis
Figure. 38 California stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 39 California stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 40 California stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 41 New York stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 42 New York stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 43 New York stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 44 Texas stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 45 Texas stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 46 Texas stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 47 Florida stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 48 Florida stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 49 Florida stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 50 Pennsylvania stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 51 Pennsylvania stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 52 Pennsylvania stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 53 Illinois stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 54 Illinois stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 55 Illinois stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 56 Ohio stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 57 Ohio stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 58 Ohio stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 59 Michigan stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 60 Michigan stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 61 Michigan stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 62 Massachusetts stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 63 Massachusetts stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 64 Massachusetts stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 65 New Jersey stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 66 New Jersey stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 67 New Jersey stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 68 Rest of USA stethoscope market, by technology type, 2016 - 2028 (USD Million)
Figure. 69 Rest of USA stethoscope market, by sales channel, 2016 - 2028 (USD Million)
Figure. 70 Rest of USA stethoscope market, by end use, 2016 - 2028 (USD Million)
Figure. 71 Company share analysis (2020)
Companies Mentioned
- Eko Devices Inc.
- 3M
- Medline Industries Inc.
- Heine Optotechnik GmbH& Co. KG
- Welch Allyn (Hill-Rom Holdings, Inc.)
- GF Health Products, Inc.
- Rudolf Riester GmbH
- American Diagnostics Corporation
- Cardionics
- Heine Optotechnik GmbH & Co. KG
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 90 |
| Published | September 2021 |
| Forecast Period | 2020 - 2028 |
| Estimated Market Value ( USD | $ 143.42 Million |
| Forecasted Market Value ( USD | $ 211.06 Million |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
