Stethoscope Hygiene Devices Market is likely to register CAGR of 6.9% through 2032

The Stethoscope Hygiene Devices Market size is estimated to be worth US$ 47.4 Million in 2022, according to Future Market Insights’ most recent industry analysis. Over the course of the forecast period, the market is expected to grow at a CAGR of nearly 6.9%, with an estimated US$ 91.4 Million in valuation in 2032.

The stethoscope hygiene devices market is growing due to the rising demand for stethoscope use due to increasing geriatric population. The need for sophisticated stethoscopes has increased due to the rise in the number of elderly people seeking primary diagnoses for a variety of chronic illnesses.

According to the CDC, it is known that adults over 65 have a higher risk of getting serious health issues like heart disease, the flu, chronic obstructive pulmonary disease, asthma, and other disorders.

For Details on Vendors and Their Offerings – Request A Sample Report@ https://www.futuremarketinsights.com/reports/sample/rep-gb-15765

The World Ageing 2019 report estimates that there were around 703 million adults worldwide in 2019 who were 65 years of age or older. In 2050, this number is projected to double to 1.5 billion. This important factor will lead to increased use of the device and can further lead to need to maintain proper stethoscope hygiene, which will help the market in receiving a boost.

This market is constrained by a knowledge gap about stethoscope disinfection and a lack of experience in this area. This knowledge gap provides a potential to avenue to be improved upon to contribute towards maintaining proper stethoscope hygiene by creating awareness about it.

These factors will prove to be important, as rise in use of stethoscopes will lead to the increased demand and production of stethoscope hygiene devices, and hence provide lucrative outlook for growth for the market.

Key Takeaways from Market Study

  • Desk-top stethoscope hygiene device is the leading segment as product, and holds approximately 6% market value share in 2021, owing to their widespread availability in the market and limited availability of wearable stethoscope hygiene devices.
  • UV segment is set to lead in terms of technology of stethoscope hygiene devices, with a market value share of around 3% in 2021 because UV is widely used for disinfection of all different kinds of things like surface disinfection, etc. as these rays are known for killing the microorganism present on the contaminated object.
  • In 2021, hospitals hold the largest market share value at 6%. This segment has become a dominating fragment due to the abundance and diversity of healthcare professionals in the market.
  • South Asia is considered the one most lucrative region with growth at a CAGR of 6% at the end of the forecast period, owing to the presence of market-specific products from India that have been launched recently.

“Rising demand for stethoscope use due to increasing geriatric population, and rising rates of nosocomial infection proliferation, are set to propel the sales of stethoscope hygiene devices across the globe,” says an analyst of Future Market Insights.

Last few days to get reports at discounted prices, offer expires soon!

Request Discount@ https://www.futuremarketinsights.com/request-discount/rep-gb-15765

Market Competition

There are only a few new and existing players operating in the stethoscope hygiene devices market, which is highly concentrated. For the purpose of capturing that market, businesses are launching new products in various geographical locations.

  • In 2020, Vioguard launched Cubby Plus UV-C disinfecting chamber with application at home as well as in healthcare facilities.
  • On February 15, 2021, the Indian business Xech introduced the first stethoscope steriliser in the country, the Xech Sterostet, which sterilises stethoscope diaphragms of all sizes using specialised UV-C GI technology.

Key Companies Profiled

  • LightProgress/egoHealth
  • Xech
  • Your First Services Inc.
  • Vioguard
  • Edmund Optics
  • Parsons
  • UV Smart
  • Tangshan UMG Medical Instrument Co., Ltd.

Request for Customization@ https://www.futuremarketinsights.com/customization-available/rep-gb-15765

Key Market Segments Covered in Stethoscope Hygiene Devices Industry Research

By Product:

  • Wearable
  • Desk-Top

By Usage:

  • UV
  • Glass Plasma

By End User:

  • Hospitals
  • Clinics
  • Academic & Research Institutions
  • Ambulatory Care Centres
  • Others

About Future Market Insights, Inc.

Future Market Insights, Inc. is an ESOMAR-certified business consulting & market research firm, a member of the Greater New York Chamber of Commerce and is headquartered in Delaware, USA. A recipient of Clutch Leaders Award 2022 on account of high client score (4.9/5), we have been collaborating with global enterprises in their business transformation journey and helping them deliver on their business ambitions. 80% of the largest Forbes 1000 enterprises are our clients. We serve global clients across all leading & niche market segments across all major industries.

Contact:

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Browse All Reports: https://www.futuremarketinsights.com/reports
LinkedInTwitterBlogs

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these