Esophageal Stethoscope Market to Surpass US$ 29.30 Mn by 2030
Global Esophageal Stethoscope Market, by Type (Disposable Stethoscope, Reusable Stethoscope), by Application (Cardiac Arrhythmias, Surgeries, Wheezing, Others (Monitoring Blood Pressure, Airway Obstruction, Laryngospasm, Obstacle of the Endotracheal Tube, etc.)), by End Users, (Hospitals. Ambulatory Clinics, Clinics, Others (Home care, Research Centres, etc.)) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), is estimated to be valued at US$ 21.25 million in 2022, and is expected to exhibit a CAGR of 4.1 % over the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
According to an article published in Elsevier journal, in the book entitled ‘History of Pediatric Anesthesia’ an esophageal stethoscope provides clear information of the breath sounds and the rate and rhythm of heart sounds to the surgeons during pediatric surgeries, surgeries of infants, children, and adolescents from birth up to the age of 18.
Increasing cases of surgeries of children is expected to propel growth opportunity for the esophageal stethoscope market, over the forecast period. For instance according to the data published in June 2018, by National Center for Biotechnology Information, a European surgeon performs 202 pediatric surgeries every year in which 11 procedures are on neonates, a new-born baby. Strength of heart sounds is an important guide to know the degree of blood loss at the time of surgeries, which is recorded by esophageal stethoscope.
Global Esophageal Stethoscope Market – Impact of Coronavirus (COVID-19) Pandemic
The coronavirus disease (COVID-19) pandemic is expected to hamper growth of the global esophageal stethoscope market, over the forecast period. COVID-19 is the recent pandemic outbreak, which was first reported on December 31, 2019 in Wuhan, China. The World Health Organization declared coronavirus disease (COVID-19) as a pandemic on March 11, 2020. According to the World Health Organization (WHO) Weekly epidemiological update on COVID-19, the number of new cases are decreasing after September 4, 2022. Therefore, as of September 4, 2022, 600 million confirmed cases and 6.4 million deaths have been reported globally.
The health care industries had faced challenged in supplies of heath care product during COVID-19 pandemic. For instance, according to data published on May 6, 2021, by National Center for Biotechnology Information the global lockdown had negatively impacted the manufacturing industries and supplies of healthcare products, which is expected to hamper growth of the global esophageal stethoscope market.
Browse 41 Market Data Tables and 27 Figures spread through 421 Pages and in-depth TOC on “Global Esophageal Stethoscope Market”- Global Forecast to 2030, by Type (Disposable Stethoscope, Reusable Stethoscope), by Application (Cardiac Arrhythmias, Surgeries, Wheezing, Others (Monitoring Blood Pressure, Airway Obstruction, Laryngospasm, Obstacle of the Endotracheal Tube, etc.)), by End Users, (Hospitals. Ambulatory Clinics, Clinics, Others (Home care, Research Centers, etc.)) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in the Global Esophageal Stethoscope market, click the link below:
https://www.coherentmarketinsights.com/market-insight/esophageal-stethoscope-market-5248
Recent update in guidelines by regulatory bodies towards anesthesiology devices such as esophageal stethoscope is expected to drive growth of the global esophageal stethoscope market, over the forecast period. For instance, updated guideline on March 29, 2022, by the U.S. Food and Drug Administration, an esophageal stethoscope with electrical conductors is a device that is implanted into the esophagus of a patient to listen heart and breath sounds and to monitor electrophysiological signals. The device may also incorporate a thermistor for temperature measurement. A esophageal stethoscope is classified as class II device based on performance of a device.
Key Takeaways of the Global Esophageal Stethoscope Market:
- Global esophageal stethoscope market is expected to exhibit a CAGR of 4.1% over the forecast period (2022-2030), owing to growth in potential markets, especially in Europe. While North America accounted for the major market share.
- Fast approval by regulatory bodies for the marketing of esophageal stethoscope is expected to propel growth of the global esophageal stethoscope market. For instance, on April 02, 2020 U.S. Food and Drug Administration approved the application for the marketing of stethoscope named esophageal stethoscope with temperature sensorsas, an anesthesiology device, applied by DeRoyal Industries, Inc. a health care company.
- Key players operating in the global esophageal stethoscope market include Medtronic, ICU Medical, Welch Allyn, NOVAMED USA, American Diagnostic Corporation, GF Health Products, Inc., DeRoyal Industries, Inc., Medline Industries, Inc., Yu Yue medical, AUMA Riester GmbH & Co. KG, Starboard Medical, INC, Hull Anesthesia, Truer Medical, Inc., 3M, Mainline Medical Inc, and SUZUKEN CO., LTD.
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