A stethoscope is a medical tool used by medical professionals. It enables to perform auscultation for the assessment of abdominal and thoracic organs and blood vessels condition. There are various types of stethoscopes that help in the diagnosis; a disposable stethoscope is one such. It is designed for one-time use and needs to be disposed of when no longer needed. Majorly it is used to prevent cross-contamination risk of infectious diseases. The disposable stethoscopes are used in burn units, infection control locations, camps, and emergencies as a backup.
MARKET SCOPE
The "Global Disposable Stethoscopes Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the disposable stethoscopes market with detailed market segmentation by type, end user, and geography. The report provides key statistics on the market status of the leading disposable stethoscopes market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global disposable stethoscopes market is segmented into adult disposable stethoscopes and pediatric disposable stethoscopes.
- On the basis of end-users, the market is bifurcated into hospitals, clinics and others.
MARKET DYNAMICS
Drivers:
- Growing safety and health hazards awareness.
- Rise in concern regarding heart diseases.
- Technological developments in stethoscopes.
- Growing aging population.
- Increase in healthcare expenditure in both developed and developing economies.
Restraints:
- Lack of skilled professionals.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The disposable stethoscopes market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the disposable stethoscopes market in these regions.
IMPACT OF COVID-19 ON DISPOSABLE STETHOSCOPES MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. As the patients in isolation are among the most infectious, vulnerable, and susceptible to infection, therefore, the increase in the number of infected people affected the disposable stethoscopes market growth. Also, using a single-patient stethoscope lowers the risk of cross-contamination that surged the demand of the market. Furthermore, the stethoscope market also experienced increased demand worldwide. Various technological advancements in stethoscopes by market leaders in order to remain at the top, such as digital stethoscopes that enable remote patient monitoring during the pandemic and minimize COVID-19 infection threat among the frontline workers. Hence, owing to the above-mentioned factors, the market demand was affected during the pandemic era.
MARKET PLAYERS
The report covers key developments in the disposable stethoscopes market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from disposable stethoscopes market are anticipated to have lucrative growth opportunities in the future with the rising demand for disposable stethoscopes in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the disposable stethoscopes market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cardinal Health
- 3M
- Hopkins Medical Products
- AliMed
- Welch Allyn
- GE Healthcare
- Omron
- American Diagnostics
- Briggs Healthcare
- Eko Devices
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.