Patient Examination Devices Market Size by Segments, Share, Regulatory, Reimbursement, Installed Base and Forecast to 2033

Patient Examination Devices Market Overview

The patient examination devices market was valued at $8.67 billion in 2023. Factors such as Increasing geriatric population and technological advancements will drive the market growth at a CAGR of more than 2% during 2023-2033.

Patient examination devices are tools or instruments used by healthcare professionals to perform physical examinations of patients. The devices market has been growing due to aging and increasing populations. This trend will place additional burdens on healthcare industries. As a result, there will be more government and private investment in healthcare structures.

Patient Examination Devices Market Outlook 2023-2033 ($ Billion)

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The patient examination devices market research report identifies quantitative market trends within drug delivery devices therapeutic areas. The report offers regional quantitative and qualitative data highlighting the sales in major markets. The model also covers in detail the effects of COVID-19 on the patient examination devices market for 2020 and beyond. Furthermore, the report provides patient examination devices market share by company that will help in identifying untapped market opportunities.

Patient Examination Devices Market Segments

The key segments in the patient examination devices market are stethoscopes and thermometers. In 2023, the thermometers patient examination devices market segment dominated the market.

A medical thermometer is a device that measures and indicates a human’s body temperature. Each thermometer consists of an internal temperature sensor, and a mechanism to convert the value recorded by that sensor into a readable number. There are three main types of thermometers: Contact, Non-Contact Forehead, and Non-Contact Tympanic.

Electronic stethoscopes use electronics to amplify the auscultation noises and reduce ambient background noises. Some electronic stethoscopes feature Bluetooth connectivity for sound visualization and telemedicine purposes. One unit refers to one electronic stethoscope.

Patient Examination Devices Market Analysis by Segments, 2023 (%)

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Regional Analysis of Patient Examination Devices Market

The key regions in the Patient examination devices market are Asia-Pacific, Europe, the Middle East and Africa, North America, and South and Central America. In 2023, the Asia-Pacific patient examination devices market had the largest share of the patient examination devices market and will retain its position throughout the forecast period.

Asia Pacific, dominated by China represents one of the main leaders in the global Patient Examination Devices market. An increasing geriatric population and a surging number of hospitals in the APAC region will propel the global market. Moreover, the COVID-19 pandemic has led to an increased demand for contactless patient examination devices. This trend has accelerated innovation in digital thermometers and remote auscultation technology. The shift has led to a surge in sales of forehead thermometers and stethoscopes.

Patient Examination Devices Market Analysis by Regions, 2023 (%)

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Patient Examination Devices Market – Competitive Landscape

In 2023, Hill-Rom Holdings patient examination devices market Inc. share was the highest

The major players in the patient examination devices market are:

• Hill-Rom Holdings Inc
• Medline Industries LP
• Exergen Corporation
• 3M Co
• McKesson Corp

The key strategies that major companies are following are using diverse product portfolios across many verticals like physical assessment, vital sign monitoring, diagnostic cardiopulmonary, software and services, and thermometry.

The companies are launching a new generation of stethoscopes; electronic stethoscopes. These are expanding their product line by new product launches.

Patient Examination Devices Market Analysis by Companies, 2023 (%)

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Patient Examination Devices Market Dynamics

Drivers: The key factors positively impacting patient examination devices market growth are the Increasing geriatric population and technological advancements. Increasing the adoption of unhealthy lifestyles will also support market growth.

Barriers: Factors such as price competition may negatively impact the demand for patient examination devices.

Future Outlook: Increased prevalence of diseases also contributes to higher patient volumes. This gives rise to more physician and nurse positions to handle the patient load. The pandemic created a sudden and substantial demand for thermometers. Due to increasing health issues, the stethoscope market will see continuous growth in the coming years. Due to the increase in awareness about health problems and their preliminary effects, every household will have at least one of the kinds of thermometers.

Segments Covered in this Report.

Patient Examination Devices Segment Outlook ($ Million, 2015-2033)

• Stethoscopes
• Thermometers

Patient Examination Devices Regional Outlook ($ Million, 2015-2033)

• Asia-Pacific
• Europe
• Middle East and Africa
• North America
• South and Central America

Key Inclusions of the market model are –

The patient examination devices market research report includes an insightful review of the key industry trends.

• The patient examination devices market report offers an annualized market revenue by segment and market outlooks from 2015-2033.
• The report also includes market-level data on units, average selling prices, and market values.

Regional, country, and global patient examination devices market insights:

• The patient examination devices market share report offers qualitative insights on global and regional trends. In addition, GlobalData analysts provide unique country-specific insights on the market.
• Patient examination devices market SWOT analysis.
• The report provides trends and patient examination devices market competitive dynamics.

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Learn about consumer behavior through the detailed overview of segments and the healthcare system. The report also offers information on reimbursement policies and the regulatory landscape.

• Country-specific overview of the healthcare system.
• Country-specific reimbursement policies.
• Country-specific medtech regulatory landscape.

Robust methodologies and sources enable the model to provide an extensive and accurate overview of the market. These syndicated models include demand and supply-side primary sources including Key opinion leaders. Furthermore, determine market trends through real-world data sources including databases of government procedures and hospital purchasing.

Companies covered – Hill-Rom Holdings Inc., Exergen Corporation, 3M Co, Medline Industries Inc., Cardinal Health Inc., Owens & Minor Inc., McKesson Corp, Performance Health International Ltd, and Others.

Countries covered: United States, United Kingdom, Germany, France, Italy, Spain, Brazil, China, India, Russia, Japan, Australia, Canada, Mexico, South Korea, Denmark, Ireland, Netherlands, New Zealand, South Africa, Sweden, Switzerland, Austria, Belgium, Finland, Israel, Norway, Poland, Portugal, Taiwan, Czech Republic, Greece, Hungary, Turkey, Egypt, Saudi Arabia, United Arab Emirates, Argentina, and Chile.

Scope

• Extensive coverage of the patient examination devices market under development.
• An exhaustive list of major pipeline products and their details, including product description, licensing and collaboration details, and other developmental activities.
• Reviews of major players involved in the development of the patient examination devices market and lists all their pipeline projects.
• Coverage of pipeline products based on various stages of development ranging from early development to approved/issued stage.
• Key clinical trial data of ongoing clinical trials specific to pipeline products.
• Recent developments in the segment/industry.

Reasons to Buy

• Understand the COVID-19 impact on patient examination devices.
• Design your licensing strategies through a review of products, technologies, and companies with the most robust pipeline.
• Develop business strategies by understanding the trends shaping and driving patient examination devices.
• Understand the trends, innovative product launches, technologies, segments, and companies that will impact the market in the future.
• Formulate effective sales and marketing strategies with a detailed evaluation of patient examination devices market share by company. Identify strong competitors and create winning strategies to stand out in the global patient examination devices market.
• Track regional patient examination devices market sales as well as country-specific transactions from 2015-2033.
• Organize your sales and marketing efforts by identifying the global patient examination devices market segments that present maximum opportunities. Such details will help to make investments and strategic partnerships.