Electronic Stethoscope Market - Growth, Trends, and Forecast(2022 - 2027)

Electronic Stethoscope Market - Growth, Trends, and Forecast(2022 - 2027)

The Electronic Stethoscope market studied is expected to grow with an anticipated CAGR of 5.1%, during the forecast period. The increase in global geriatric population, high prevalence of cardiovascular and pulmonary diseases, rising demand for teleconsultation and advancements in the technology for sophisticated medical devices are the major drivers of the growth of global electronic stethoscope market.

The features of electronic stethoscope such as variable amplification of sound, minimized interference of noise and ability to capture signal for visualization and storage has provided lucrative opportunity for the tremendous growth of electronic stethoscope market. According to the World Population Prospects: the 2019 Revision, the total number of people above 65 years exceeded the total number of children below 5years of age globally in 2018. This scenario results in increasing incidence of chronic diseases across globe which requires medical attention. In view of these key factors, the Electronic Stethoscope market is anticipated to upsurge over the forecast period.

Key Market TrendsThe Wireless Transmission System is Expected to Occupy a Major Share in the Electronic Stethoscope Market Over the Forecast Period

The progression in the Bluetooth technology has opened the way for the innovation of wireless stethoscopes. This helps the healthcare providers to listen to the patients without any physical contact. The wireless electronic stethoscopes assist physicians in contactless evaluation of the patients, thereby protecting themselves from various infectious pathogens. With the increasing demand for teleconsultation services in the recent years, the wireless electronic stethoscopes help healthcare providers to analyze and share the auscultations across the globe in real time. In view of these factors, the Wireless Transmission System based Electronic Stethoscope market is expected to grow tremendously over the forecast period.

North America is Anticipated to Witness a Healthy Growth in Electronic Stethoscope Market Over the Forecast Period

The major factors driving the growth of Electronic Stethoscope market in North America are the increasing geriatric population, high prevalence of chronic illness such as cardiac and pulmonary diseases, existence of most of the major players and high adoption to advancing technology. As per Center for Disease Control and Prevention (CDC), heart disease is one of the major cause of death in United States. As per American Heart Association report, one person dies every 38 secs due to cardiovascular disease. This shows that there is a rising demand for medical expertise and devices to combat with the chronic diseases. Hence, North America is expected to propel significantly in Electronic Stethoscope market over the forecast period which aids in early diagnosis of cardiovascular and related disease.

Competitive Landscape

The Electronic Stethoscope market is highly competitive. The major players in the studied market include 3M, American Diagnostic Corporation. Cardionics, Contec Medical Systems Co.,Ltd., ThinkLabs Medical LLC, eKuore, Welch Allyn, Yuwell and Meditech Equipment Co., Ltd. The major players are involved in various strategies such as collaborations, acquisitions and development of new products by investing in research and technology to secure their positions in global market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned
 
3M
American Diagnostic Corporation
Cardionics
AD Instruments
Contec Medical Systems Co., Ltd.
Thinklabs Medical LLC.
eKuore
Welch Allyn
Yuwell
Meditech Equipment Co., Ltd.

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