Increasing product releases with new technologies by major players are projected to contribute in the expansion of the global Stethoscope Market over the forecast period. Furthermore, M3DICINE Inc., a creator of intelligent medical equipment, unveiled Stethee, the first Artificially Intelligent (AI)-enabled stethoscope system, in January 2018. Another aspect projected to drive market expansion is the high prevalence of cardiac disease.The stethoscope market has been divided into North America, Latin America, Europe, the Middle East, Asia Pacific, and Africa. North America dominates the stethoscope market due to the rising number of new product releases by key competitors in the United States. North America leads the market, followed by Europe, owing to an increase in the number of hospitals, clinics, and medical professionals.
Key Competitors in the Stethoscope Industry:
1. 3M Company
3M Company provides diversified technology services in the United States and internationally. The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. 3M Company was founded in 1902 and is headquartered in St. Paul, Minnesota.
2. Cardionics, Inc.
Cardionics engages in Auscultation Simulation products. Cardionics is an innovator and leader in the auscultation products and services which facilitate and support classroom education, clinical and tele-health programs in medical institutions and universities worldwide. Founded in 1969, headquartered in Texas, U.S. In Jul 17, 2019 3B Scientific acquired Cardionics.
3. American Diagnostics Corp
Manufacturer of diagnostic medical devices catering to the healthcare industry. The company manufactures diagnostic medical products, patient monitoring systems, blood pressure instruments, pulse oximeters, stethoscopes. The company was founded in 1984, headquartered in Hauppauge, U.S.
4. Medline Industries, Inc.
Medline is the largest privately held manufacturer and distributor of healthcare supplies in the United States. Founded in 1966, headquartered in Illinois, U.S. In Apr 4, 2022 Medline Industries acquired ASID BONZ
5. Welch Allyn, Inc.
Welch Allyn, Inc. was founded in 1915 and is an American manufacturer of medical diagnostic devices, patient monitoring systems, and miniature precision lamps. Headquartered in Skaneateles Falls, New York. In Dec 13, 2021 Welch Allyn has new parent company as Baxter completes acquisition of Hillrom
6. Rudolf Riester GmbH
Rudolf Riester is diagnostic instruments and devices for top requirements. Founded in 1948, headquartered in Texas, U.S.
*Definition- A stethoscope is an acoustic medical equipment used for physical examinations of animals or people based on auscultation.
