Digital Stethoscope Market Overview, Competitive Breakdown and Forecast to 2027 | Eko Devices, FarmaSino Pharmaceuticals, Contec Medical Systems

Coherent Market Insights published a report, titled, "Digital Stethoscope Market, by Technology (Wireless Transmission System, Integrated Receiver Head Piece System, Integrated Chest Piece System, Numerical Stimulation, and System Integration), by End User (Hospitals, Clinics, Healthcare Institutes, Ambulatory Surgery Centers, and Others), and by Region - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2020-2027."

Increasing technological development in digital stethoscope such as electronic stethoscope with Bluetooth wireless capability is expected to be one of the major drivers aiding growth of the digital stethoscope market. Compared to manual stethoscopes, digital stethoscopes offer several advantages such as the ability to amplify sounds, as well as observe the received sounds on a visual display.

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Moreover, some digital stethoscopes can record and replay the captured video or audio, which further helps to retain patients’ medical data. Key players in the market are focused on launching new products to expand their product portfolio. For instance, in April 2018, Steth IO, a U.S.-based company, launched Steth IO, a smartphone-based digital stethoscope that can be used exclusively on iPhones (module 6 and above).

The device can be used to listen and measure heart rates or lung sounds using an app on the phone and by placing it close to the patient’s chest. This device was approved by the U.S. Food and Drug Administration (FDA) in 2016 and does not require batteries as it draws power directly from the iPhone. This device can also help to maintain medical records of the patients, add flag clips, or notes within the recordings.

What's keeping Eko Devices, FarmaSino Pharmaceuticals, Contec Medical Systems, Qufu Longer Care Meditech Limited, Exanovo Group, Think Labs Medical LLC, Sensi Cardiac, and 3M. Ahead in the Market? Benchmark yourself with the strategic moves and findings recently released by COHERENT MARKET INSIGHTS

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Key Findings Of The Study
• By type, the absolute Digital Stethoscope segment generated the highest revenue in 2020.
• By technology, the segment generated the highest revenue in 2020.
• By application, the automotive segment generated the highest revenue in 2020.

Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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