The global digital stethoscope market size is anticipated to reach USD 165.81 million by 2030, expanding at a CAGR of 6.36% during the forecast period, according to a new report by Grand View Research, Inc. The key factors contributing to the electronic stethoscope market growth include the increasing prevalence of chronic diseases, rising technological advancements, and the growing geriatric population. For instance, Caregility a telehealth platform along with Eko, in August 2022, announced an integration partnership, where, Caregility’s cloud platform integrates with Eko’s digital stethoscopes and software helping healthcare professionals to perform better auscultation.
Digital Stethoscope Market Report Highlights
- Based on product type, the digitalization stethoscope dominated with a revenue share of 54.63% in 2022. This is attributed to the rising adoption of technological advancements as well as the rising prevalence of chronic diseases
- Based on technology, the wireless transmission system dominated in terms of the revenue share of 40.07% in 2022. This is attributed to the rising prevalence of chronic diseases such as respiratory and cardiovascular diseases across the globe
- Based on application, the cardiology segment held the largest revenue share of 24.81% in 2022, owing to an increase in the disease burden of cardiovascular and respiratory diseases such as CHF and hyperlipidemia, and the growing geriatric population
- Based on end-use, the hospital & clinics & clinics segment held the largest revenue share of 59.35% in 2022. This is attributed to the rising number of cardiovascular diseases which resulted in the rise of the number of coronary artery bypass surgeries which is one of the most common surgeries performed worldwide, and the procedure primarily occurs in hospitals and clinics
- In 2022, North America dominated the market with a revenue share of 32.85%, owing to its rising prevalence of chronic disorders, rapid adoption of technological advancements in devices, growing geriatric population, and presence of dominant players
For More Details or Sample Copy please visit link @: Digital Stethoscope Market Report
The rising prevalence of chronic diseases drives the demand for digital stethoscopes. According to a CDC article, published in October 2022 , Coronary heart disease is one of the most common types of heart disease, and around 382,820 individuals died of this disease in 2020. Moreover, according to the Muscular Dystrophy News article, published in January 2022, approximately 60% the individuals with Becker muscular dystrophy (BMD) develop cardiomyopathy mostly in their late 20s. Hence, these instances expected to drive the digital stethoscope market
The prevalence of unhealthy lifestyle patterns is another growth driver for the market. According to an article by WHO in May 2022, 22.3% of the global population used to smoke (36.7% of all men and 7.8% of women) in 2020. Furthermore, according to the WHO article, released in March 2022, more than 1 billion individuals were obese that is 340 million adolescents, 650 million adults, and 39 million children Thus, these factors are projected to propel the use of digital stethoscopes.
As per the article, published by the American Cancer Society, in January 2022, around 1.5 million new cancer cases were noted, and 609,360 deaths were expected. After cardiovascular disease, cancer has been recorded as the second leading cause of death in the U.S. Thus, increasing the demand for electronic stethoscopes is anticipated to drive the market’s growth.
List of Major Companies in the Digital Stethoscope Market
- 3M
- eKuore
- American Diagnostic Corporation
- Contec Medical Systems Co., Ltd.
- Meditech Equipment Co., Ltd.
- Ayu Devices
- Thinklabs Medical LLC
- Cardionics
Gain deeper insights on the market and receive your free copy with TOC now @: Digital Stethoscope Market Analysis Report
We have segmented the global digital stethoscope market based on product type, technology, application, end-use, and region.
Digital Stethoscope Product Type Outlook
- Amplifying Stethoscope
- Digitalization Stethoscope
Digital Stethoscope Technology Outlook
- Integrated Chest-Piece System
- Wireless Transmission System
- Integrated Receiver Head-Piece System
Digital Stethoscope Application Outlook
- General Medicine
- Cardiology
- Telemedicine
- Veterinary
- Pediatrics
Digital Stethoscope End-use Outlook
- Hospitals & Clinics
- Home Healthcare
- Nurse Practitioners
- EMT/ First Responders
- Veterinary
Digital Stethoscope Regional Outlook
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Research Methodology
We employ a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecasts possible. We utilize a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. Data is continuously filtered to ensure that only validated and authenticated sources are considered. In addition, data is also mined from a host of reports in our repository, as well as a number of reputed paid databases. Our market estimates and forecasts are derived through simulation models. A unique model is created and customized for each study. Gathered information for market dynamics, technology landscape, application development, and pricing trends are fed into the model and analyzed simultaneously.
About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S. based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Contact:
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll-Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Explore Horizon, the world’s most expansive market research database
#DigitalStethoscopeMarket #ElectronicStethoscope #SmartStethoscope #Stethoscope #Phonocardiograms #WirelessStethoscopes #AmplifyingStethoscope #Cardiology
