Kenneth Research recently added a report on ‘Stethoscope Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Stethoscope Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
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 $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Stethoscope Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) 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
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