In a recent published report, Kenneth Research has updated the market report for Stethoscope Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Stethoscope Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Kenneth Research has recently added a report titled Stethoscope Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
According to Analytics research report, global stethoscope market is projected to display a robust growth represented by a CAGR of 4.91% during 2019 – 2024.
Manual Stethoscope and Hospitals are the segments that have been witnessing growth at a noteworthy rate over the past few years owing to ageing and escalating population growth with changing lifestyle and growing awareness regarding various hazardous diseases, is propelling the market for Stethoscopes during the coming years. Amongst the regions, North America accounts for the largest regional share in the Global Stethoscope Market in 2019. Key factors driving the robust growth rate in North America include presence of major leading stethoscope manufacturers in the region who are focusing on expanding their product portfolio and offering latest technology driven stethoscopes to the clinicians and physicians supported by enhanced focus on improving quality of healthcare services, thereby infusing growth in the market for Stethoscopes during the period.
The report titled “Global Stethoscope Market – Analysis By Product Type (Manual Stethoscope, Electronic Stethoscope), By Application (Hospital, Ambulatory Surgical Center, Clinics, Home Care, Others), By Region, By Country (2019 Edition): Opportunities and Forecast (2014-2024) – By Region (North America, Europe, APAC, ROW), By Country (US, Canada, Germany, France, UK, Italy, China, Japan, India, South Korea)” has covered and analyzed the potential of Global Stethoscope Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Stethoscope Market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Stethoscope Market – Volume (Numbers) and Value (USD Million) Analysis (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Global Stethoscope Market – Size, Growth, Forecast
• Manual Stethoscope Market – Volume (Numbers) and Value (USD Million)
• Electronic Stethoscope Market – Volume (Numbers) and Value (USD Million)
• By Application – Hospitals, Ambulatory Surgical Centers, Clinics, Home Care, Others
• Market Share Analysis
• Market Attractiveness Charts – Products Type, Application
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Regional Markets – North America, Europe, APAC and Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Stethoscope Market – Size, Growth, Forecast
• By Product Type – Manual Stethoscope and Electronic Stethoscope
• By Application – Hospitals, Ambulatory Surgical Centers, Clinics, Home Care, Others
• Leading Market Players
• Market Attractiveness Charts – Products Type, Application, Country
Country Analysis – US, Canada, Germany, France, UK, Italy, China, Japan, India, South Korea (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Stethoscope Market – Size, Growth, Forecast
• By Product Type – Manual Stethoscope and Electronic Stethoscope
• By Application – Hospitals, Ambulatory Surgical Centers, Clinics, Home Care, Others
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• SWOT Analysis
• Competitive Landscape
• Company Analysis – 3M, Medline Industries Inc, Welch Allyn, GF Health Products Inc, Rudolf Riester GmbH, American Diagnostic Corporation, Cardionics, Heine Optotechnik GmbH & Co., Smiths Medical, Omron Corporation
Contact Us
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Email: Sales@kennethresearch.com
Phone: +1 313 462 0609
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