According to the research report titled ‘Global Stethoscope Market Size study, by Type (Cardiovascular Stethoscope, Neonatal Stethoscope, Infant Stethoscope, Pediatric Stethoscope, Fetal Stethoscope, Electronic Stethoscope, Teaching Stethoscope, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global stethoscope market was worth USD 400 million in 2019 and is projected to record a 4.9% CAGR, to be remunerated at USD 587 million by the 2027.
 

Growing acceptance of technologically advanced medical devices like Bluetooth incorporated stethoscopes, rising incidences of cardiovascular and pulmonary ailments, and increasing government initiatives to raise chronic disease awareness are the key factors propelling global stethoscope market growth.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/3002317/
 

As per the World Health Organization (WHO), cardiovascular diseases caused majority of chronic disease deaths in 2018, accounting for almost 17.9 million. According to the American Heart Association (AHA), 17.6 million CVD deaths were reported in 2016, and the number is expected to rise to 23.6 million by 2030.
 

For those unfamiliar, stethoscope is an acoustic medical instrument that is used to listen to the inner sounds of the human body. It comprises a trivial disc-shaped resonator that rests against the body with tubes connected to earpieces for efficient diagnosis.
 

It can be used to listen to sounds produced by the heart, lungs, and intestines, along with blood flow in veins and arteries. New technology in stethoscopes also offers cutting-edge features including audio recording, sound amplification, and better diagnosis by reducing bothersome noises, further swaying worldwide stethoscope industry dynamics.
 

Despite the favorable business scenario, hefty cost of electronic stethoscope, and lack of skilled healthcare workers are anticipated to negatively impact the industry share over the study period.
 

Considering the geographical reach, North America presently holds significant portion of global stethoscope market share, owing to increasing awareness campaigns about chronic diseases, and presence of a large number of vendors in the region.
 

On the other hand, Asia Pacific stethoscope industry is poised to accumulate high returns by the year 2027, attributable to increasing cases of cardiovascular diseases due to surge in geriatric population, as well as strengthened healthcare infrastructure in developing countries such as India and China.
 

Established companies in global stethoscope market sphere are Welch Allyn (Hill-Rom Holdings Inc.), HEINE Optotechnik GmbH & Co. KG, Cardionics, American Diagnostic Corporation, Rudolf Riester GmbH, GF Health Products Inc., Eko Devices Inc., Medline Industries Inc., and 3M Company.