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New Product Launches to take the Phonocardiograph Instrument Market to higher Strides between 2020 and 2030

11-16-2020 04:29 AM CET | Health & Medicine

Press release from: Persistence Market Research

Phonocardiograph instrument is a medical device which create graphic record or phonocardiogram of the sound or murmur produced by the heart. Phonocardiograph instrument provide high-fidelity recording of heart sounds, respiratory sounds and murmurs. By using phonocardiograph instrument, Phonocardiogram can be obtain by non-invasive method. Phonocardiograph instruments determine the phonocardiogram by analyzing the vibration occur at the chest surface. Phonocardiograph instrument includes speaker of audio monitoring and distortion free amplifier which is responsible for low noise generated by phonocardiograph instrument. To obtain the phonocardiogram, firstly an electronic sensor is placed on the patient chest. Later, GAIN control and FILTER selector are adjusted according to required pitch and intensity. As the electronic sensor of phonocardiograph instruments is properly placed on patient chest and all the adjustment is also done then heart sound or murmur can be clearly heard from the speaker. Simultaneously, the audio-visual are indicated on flash LED indicator. A PCG unit is connected to Oscilloscope which is provided with output socket to obtain the phonocardiogram.

The primary factor driving the growth of Phonocardiograph Instrument market are rising incidences of cardiovascular diseases throughout the globe. Moreover the rising healthcare expenditure and hospital infrastructure is fueling the growth of the phonocardiograph instruments market. Additionally, the launch of innovative handheld phonocardiograph instruments by leading manufacturer for easy analysis of phonocardiogram is also boosting the growth of phonocardiograph instruments market. The geriatric population require regular body check-up which also include the phonocardiogram, hence rising geriatric population is expected to propel the growth of phonocardiograph instruments market. On other hand, the high cost of phonocardiograph instruments and unfavorable reimbursement scenario is expected to deter the growth of phonocardiograph instrument market. Also the lack of medical professional in under developing economies may lead to sluggish growth of phonocardiograph instruments market over the forecast period.

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The global Phonocardiograph Instrument market is classified on the basis of application, end user and region.

Based on product type, Phonocardiograph Instrument market is segmented into following:

Handheld Phonocardiograph Instrument
Table Mounted Phonocardiograph Instrument
Based on end user, Phonocardiograph Instrument market is segmented into following:

Hospitals
Ambulatory Surgical Centers
Long-term Care Centers
Academic and Research Institutes
Home Care Settings
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The global Phonocardiograph Instrument market is expected to show significant growth over the forecast period due rising geriatric population throughout the globe. The phonocardiograph instrument were invented soon after the electrocardiograph instruments, but the growth of this two instrument in the market is unequal. According to recent surveys, phonocardiograph instruments are used more than electrocardiography instruments for clinical cardiology. By product type, table mounted phonocardiograph instruments is expected to gain the maximum market share in term of revenue while hand held phonocardiograph instruments is expected to gain maximum market share in term of volume. Handheld phonocardiograph instruments segment is also expected to grow at faster rate rather than electrocardiograph instruments. Among all end user, the hospital segment is expected to dominate the phonocardiograph instruments market in term of value which is then followed by ambulatory surgical centers.

On the basis of geography, Phonocardiograph Instrument market is classified into seven key region viz. North America, Latin America, Europe, Asia-Pacific excluding China, China, Middle East and Africa. North America is expected to dominate the global phonocardiograph instrument market due rise number of cardiovascular diseases. After North America phonocardiograph instrument market is then followed by Europe due to high healthcare infrastructure in this region. APEC and China is expected to show the faster growth for global Phonocardiograph Instrument market owing to rising number of academic and research institutes in this region. Latin America and Middle East and Africa is the least lucrative region for Phonocardiograph Instrument market due to lack of healthcare infrastructure and limited number of medical professionals.

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Some of the key players found across the value chain of Phonocardiograph Instrument are eKuore, Scientech Technologies Pvt. Ltd., Skrip Electronics, Electronic Engineering Corporation, HD Medical Group, Tesca Technologies Private Limited, Steth IO, and others.

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