tool. All these product launches are technologically advanced versions of conventional
stethoscope and is expected to increase choices for the users.
High incidence of heart diseases is expected to be another factor for growth of the market.
Stethoscope is an important component that aids clinicians in diagnosis of cardiovascular
disease, which affects 1 in 4 people in US, according to Center for Disease Control and
Prevention (CDC). According to American Heart Association, 2018, cardiovascular disease is the
leading cause of death, globally. Furthermore, according to same source, it is estimated that
everyday 2,300 people in the U.S. die of cardiovascular disease, which means on an average 1
death per 38 seconds. Moreover, increasing geriatric population, who are more prone to
diseases rising the demand for frequent diagnosis under several medical conditions expected to
propel the growth of stethoscope market. For instance, the global geriatric population is
estimated to be 962 million, which comprises 13% of the total global population, in 2017 as
per United Nation Organization. According to their forecast, this geriatric population worldwide
is expected to be reach 1.4 billion in 2030 and 2.1 billion by 2050.
Stethoscope Market - Regional Analysis:
Based on geography, the stethoscope market has been segmented into North America,
Latin America, Europe, Middle East, Asia Pacific, and Africa. North America holds the
dominant position in stethoscope market, owing to the increasing number of new
product launches by the key players in U.S. North America market is followed by
Europe attributed to the increasing number of hospitals and clinics and medical
professionals. For instance, according to Eurostat, around 1.8 million physicians are
working in the European Union, while the comparison between 2005 and 2015 showed
that the number of medical doctors graduating per 100,000 inhabitants rose to 12.4
medical doctors in 2015 as compared to 2005 (9.5 medical doctors per 100,00
inhabitants).
Report includes chapters which deeply display the following deliverable about industry :
• Stethoscope Market Research Objective and Assumption
• Stethoscope Market Purview - Report Description, Executive Summary, and Coherent
Opportunity Map (COM)
• Stethoscope Market Dynamics, Regulations, and Trends Analysis - Market Dynamics,
Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system Launch/Approvals,
Value Chain Analysis, Porter’s Analysis, and PEST Analysis