Global Stethoscope Market
Stethoscope Market size was valued at USD 688.5 million in 2024 and is projected to reach a valuation of USD 1.45 billion by the end of 2037, rising at a CAGR of 5.7% during the forecast period, i.e., 2025-2037. In 2025, the industry size of stethoscope is evaluated at USD 738.8 million.
The stethoscope market is witnessing steady growth, especially with the incorporation of digital and artificial intelligence technologies, making it a vital device in the field of diagnosis. The need for better diagnostic and telemedicine has led to the development of new and more efficient stethoscopes. For instance, in June 2023, Eko Health launched its CORE 500 stethoscope equipped with AI and a 3-lead ECG that allows early disease diagnosis and better patient care. These advancements exemplify the increasing application of smart stethoscopes in improving conventional auscultation techniques to advanced diagnostic instruments.
The stethoscope market growth is also supported by increased government support and investment in telehealth technologies. In January 2024, Japan’s Ministry of Health released policies that encouraged online medical treatments and opened possibilities for digital stethoscopes that work with telemedicine applications. Also, the launching of new strategic partnerships, for instance, the partnership between Eko Health and Caregility in 2022 for remote auscultation, shows that the industry is working towards increasing access to quality diagnostics. The stethoscope market is expected to be at the forefront of the larger telehealth solutions industry across the world.
Growth Drivers
Challenges
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Base Year |
2024 |
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Forecast Year |
2025-2037 |
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CAGR |
5.7% |
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Base Year Market Size (2024) |
USD 688.5 million |
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Forecast Year Market Size (2037) |
USD 1.45 billion |
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Regional Scope |
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Type (Electronic/Digital Stethoscope, Analog Stethoscope)
Analog stethoscope segment is likely to dominate over 64% stethoscope market share by 2037. The segment has experienced growth owing to the affordability, simplicity, and high usage of traditional stethoscopes, especially in developing countries. The traditional types are preferred by doctors because they are tough, dependable, and do not require electricity to operate. In June 2023, the TRICORDER program led by Imperial College London described the continued value of analog stethoscopes in primary care, alongside AI technologies. Also, the advancements in acoustic performance, for instance, lighter weight and better chest pieces, continue to be useful.
Material (Stainless Steel, Aluminum, Brass)
By the end of 2037, stainless steel segment is set to hold over 68.9% stethoscope market share. The material’s high acoustic performance and the fact that it is both durable and corrosion resistant make it ideal for use in high quality stethoscopes. Stainless steel stethoscopes are very popular with physicians and other healthcare givers who need clear sound for identification purposes. Eko Health introduced the CORE 500 stethoscope in October 2024, the chest piece of which is made of stainless steel and is intended for the best sound and durability. Furthermore, the use of stainless steel stethoscopes is also being integrated into modern and enhanced stethoscopes with AI and digital features.
Our in-depth analysis of the global market includes the following segments:
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Material |
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Usage |
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Distribution Channel |
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End user |
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North America Market Analysis
North America in stethoscope market is anticipated to dominate over 42.5% revenue share by 2037. The healthcare industry in the region is mature, and the number of healthcare professionals is constantly growing, which leads to the need for better diagnostic equipment. The U.S. Bureau of Labor Statistics predicted that healthcare employment will continue to increase, and veterinary positions will increase by 19% from 2023 to 2033. The position of North America in the field of healthcare technology development enhances its importance in the global stethoscope market.
In the U.S., the increasing population of healthcare professionals increases the need for stethoscopes. The National Council of State Boards of Nursing estimated that in 2024, there were around 4.85 million registered nurses, which makes nursing the most populated profession in the healthcare field. The growth in the use of telemedicine has also led to the development of AI-based stethoscopes that facilitate remote patient examination. Also, the policies to increase the coverage of primary care are promoting the use of high-performance medical equipment, this is in line with the country’s goal to enhance healthcare delivery.
The healthcare industry in Canada is also gradually developing with an emphasis on digital health technologies. Telemedicine and remote diagnostic services have been expanded owing to technological advancement, especially in rural areas that face the challenge of accessing health care services. With the government’s commitment to the modernization of healthcare, more consumers are using advanced stethoscopes that are connected with AI and IoT. Due to the efforts being made to enhance the health of its citizens, the country is a potential market for advanced diagnostic solutions.
Asia Pacific excluding Japan Market Statistics
APEJ stethoscope market is set to exhibit CAGR of around 5.7% till 2037, attributed to the increasing advancement in the healthcare industry and increased awareness of healthcare. With the region's investment in medical devices growing and the primary care services being extended, there is a rising need for stethoscopes. Furthermore, the use of AI diagnostic tools in hospitals and clinics across Asia Pacific shows the region’s commitment to improving healthcare through technology.
India healthcare industry is rapidly expanding due to policies like Ayushman Bharat that seek to offer healthcare to millions of Indians at low costs. The demand for stethoscopes is increasing owing to the fact that primary healthcare facilities are rapidly being extended in rural areas. Furthermore, the growing incidence of cardiovascular and respiratory diseases is generating the need for better diagnostic solutions, which has led to the use of digital stethoscopes with Artificial Intelligence. India is emerging as one of the leading countries in the Asia Pacific stethoscope market for healthcare modernization.
China has rapidly developed its healthcare market due to government efforts to enhance the healthcare systems in rural and urban areas. The country is focused on embracing AI in its healthcare systems, and this has created a lucrative stethoscope market for digital stethoscopes. Focusing on primary care and telemedicine, China is experiencing an increasing use of advanced diagnostic technologies. The government’s effort to enhance the healthcare delivery system makes China a crucial stethoscope market in Asia Pacific.
The stethoscope market is highly competitive with key players and new market entrants contributing to the development of novel technologies in the market. Some of the leading players in the global market include 3M, Medline Industries, Welch Allyn (Hill-Rom Holdings, Inc.), and Eko Health, Inc., which have a large number of products and a well-established distribution network. Some of these companies are coming up with new products by incorporating new technologies such as Artificial Intelligence as well as Digital Interfaces into their stethoscopes.
In April 2024, Mayo Clinic and Eko Health released an FDA-cleared AI algorithm that was embedded into a digital stethoscope for heart failure classification. This development is an example of how companies are leveraging AI and approval to gain market share. Such strategic decisions can be attributed to the growth of the stethoscope market to enhance the diagnostic equipment that fits the current healthcare systems.
Here are some leading companies in the stethoscope market:
Author Credits: Radhika Pawar
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