Stethoscopes: A Global Strategic Business Report
San Jose, CA (PRWEB) March 6, 2008
The worldwide Stethoscopes market is projected to reach US$270 million in sales by 2010. Apart from allowing medical practitioners to hear sounds emanating from the heart, stethoscopes are also used for monitoring fetal heartbeat. Manual and mechanical stethoscopes are the most widely used type of stethoscopes, the world-over. However, these stethoscopes face intense competition from advanced technology-based devices such as ultrasound auscultation systems and electronic stethoscopes. As stethoscopes constitute the most basic form of diagnostic device, they may become carriers of potentially harmful microorganisms from one patient to another.
In the US, electronic stethoscopes are gaining an upper hand over conventional stethoscopes. This is mainly attributed to the enhanced sound detection capability and clear digital transmission capabilities of electronic stethoscopes in applications such as telemedicine and teaching. As a result, the low-end manual and mechanical stethoscopes are being used by home health care facilities and nursing homes primarily for blood pressure monitoring, whereas high-quality manual and mechanical stethoscopes are used by healthcare professionals such as doctors, paramedics, physician assistants and nurses.
The United States and Europe dominate the global stethoscopes market, with the combined share of sales generated from the two regions exceeding 64% for 2007. The US, projected to retain its position as the single largest market by 2015, is expected to generate about US$106 million in sales, as stated by Global Industry Analysts, Inc. However, Asia-Pacific is expected to drive sales in the long term. Among product segments, electronic stethoscopes market is projected to witness the fastest growth. In Europe, manual & mechanical stethoscopes dominate, representing more than 53% of the overall stethoscopes market. Economic growth, increasing standard of living and aging population, especially in China continues to fuel growth of medical equipment in Asia-Pacific region. manual & mechanical stethoscopes market in the region is estimated at US$17.3 million for 2007.
The report titled "Stethoscopes: A Global Strategic Business Report" published by Global Industry Analysts, Inc., reviews industry structure, market drivers, issues, trends and competition. The study analyzes recent past, current and future market data and analytics over the period 2000-2010, and long term projections (2011-2015) for regions such as the United States, Canada, Japan, Europe, Asia-Pacific and Latin America.
The report reviews major participants in the global and regional Stethoscopes market including 3M, A&D Medical, American Diagnostic Corporation, Escalon Medical Corporation, GF Health Products, Inc., Medi-Stim ASA, Medline Industries Inc., Rudolf Riester GmbH & Co. KG, Tytan Medical Corp. and Welch Allyn Inc.
For more details about this research report, please visit http://www.strategyr.com/Stethoscopes_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
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