Global Stethoscopes Market to Reach US$311 Million by 2015, According to a New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Stethoscopes market. Sales in the global stethoscopes market are forecast to reach US$311 million by the year 2015, driven by increasing demand for emerging segments including electronic stethoscopes and fetal heart rate detectors. Stethoscopes are also likely to display robust growth in developing markets of Asia-Pacific and Latin America. An area of growing concern, however, is the major shift towards more advanced cardiac diagnostic techniques such as electrocardiography, which is relegating the importance of stethoscopes. Despite the advent of new technologies, stethoscopes continue to be used as primary devices by healthcare professionals as an essential part of physical examination.

Stethoscopes: A Global Strategic Business Report

Stethoscopes represents one of the essential devices used by healthcare professionals, for listening to the sounds of heartbeat. Manual and mechanical stethoscopes are the most widely used types of stethoscopes, world-over. However, emerging cardiac diagnostic techniques such as electrocardiography are relegating the importance of stethoscopes. Future of stethoscopes is bleak as ultrasound systems invade the market for Auscultation. Ultrasound allows physicians to view images of the heart and can also diagnose conditions that are difficult to detect with the help of stethoscopes. However on a positive note, despite the advent of new technologies, stethoscopes continue to be the primary devices used by healthcare professionals. Stethoscopes are major carriers of potentially harmful microorganisms and the cause of nosocomial infections in patients. Since healthcare professionals use the stethoscopes on numerous patients daily, the probability of patients contracting nosocomial infections are very high. An issue of grave concern is the number of stethoscopes contaminated and the number of species of microorganisms causing the contamination. It is estimated that as much as 90% of physicians’ stethoscopes and 79% of nurses’ stethoscopes are contaminated, leading to nosocomial infections in over 2 million patients on an annual basis. Regular cleaning of stethoscopes with isopropyl alcohol is recommended for preventing bacterial colonization. To counter the contamination problem, Doctors Research Group, Inc., a US-based medical equipment manufacturing company, developed a rubber-based stethoscope cover, Safeseal. The disposable cover kills bacteria on contact, thereby reducing the chances of infection.

In the US, electronic stethoscopes are gaining an upper hand over conventional stethoscopes. This is mainly attributed to the enhanced digital sound transmission capabilities of electronic stethoscopes in applications such as telemedicine and teaching. As a result, the low-end manual and mechanical stethoscopes are relegated for use by home health care facilities and nursing homes primarily for blood pressure monitoring. On the other hand, the high-quality manual and mechanical stethoscopes are used by specialists such as cardiologists and other healthcare professionals such as doctors, paramedics, physician assistants and nurses. Infant mortality has declined considerably over the past few decades. Technological advancements taking place in the medical industry, well-equipped and better facilities, emerging medical/diagnostic devices are primarily responsible for low infant mortality rates. One such outstanding development in this sphere was the discovery of fetal heart rate detectors using ultrasonic images. The fetal heart rate monitors are set to grow at a fast pace over the near term, giving an edge to the otherwise grim prospects of the stethoscopes market worldwide.

The United States and Europe constitute two of the largest regional markets, as stated by the new research report on Stethoscopes. Growth-wise, led by rapidly emerging markets of China and India, Asia-Pacific is slated to emerge as the overall fastest growing market with a CAGR of 4.5% through 2015. By product segment, the stethoscopes market has sustained momentum over the years through continued demand from the Manual & Mechanical Stethoscopes product segment. The Electronic Stethoscopes segment however, offers the strongest growth potential and is likely to expand over the years at a CAGR of over 5.0% through 2015.

Key participants profiled in the report include 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.

The research report titled “Stethoscopes: A Global Strategic Business Report” announced by Global Industry Analysts, Inc., provides a comprehensive review of the industry structure, key issues, product overview, product innovations, recent industry activity and profiles of market players worldwide. Analysis and overview is provided for major geographic markets such as United States, Canada, Japan, Europe (France, Germany, Italy, UK and Rest of Europe), Asia-Pacific and Latin America. Market analytics are provided in value (US$) terms for product segments including Manual & Mechanical Stethoscopes, Electronic Stethoscopes, Esophageal Stethoscopes, Fetal Stethoscopes and Fetal Heart Rate Detectors.

For more details about this comprehensive market 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 800 people worldwide and publishes more than 1200 full-scale research reports each year. Additionally, the company also offers thousands of smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.

Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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