Smart Stethoscopes Market will reach at USD 47.34 million in 2032 at CAGR 12.34 %, Trade Analysis 2022 -3M Littmann, Thinklabs, Hill-Rom, CliniCloud, American Diagnostics, Dongjin Medical, Cardionics, Eko Devices, EKuore, HD Medical, SMART SOUND, Childcar

The global smart stethoscope market size was valued at USD 47.34 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 16.28% from 2021 to 2032. The demand for smart stethoscopes is growing, owing to the surge in prevalence of cardiovascular and respiratory diseases, technological advancements, the advent of COVID-19, and the increasing application of smart stethoscopes in the diagnosis of chronic conditions.

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Key Players Mentioned in the Smart Stethoscopes Market Research Report: 3M Littmann, Thinklabs, Hill-Rom, CliniCloud, American Diagnostics, Dongjin Medical, Cardionics, Eko Devices, EKuore, HD Medical, SMART SOUND, Childcare

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Application Insights
The cardiovascular segment dominated the market for smart stethoscopes and held the largest revenue share of 28.8% in 2020 and is expected to witness a considerable growth rate over the forecast period. The cardiology stethoscope is intended for use by cardiologists and is noted for its high-quality acoustics. It is used to listen to sounds made by various parts of the cardiovascular system, such as heartbeat, valve movement, clicks, murmurs, and other activities. These stethoscopes, like normal stethoscopes, may be used for a variety of other purposes. In the end, compared to generic stethoscopes, the cardiology stethoscope is designed to have superior sound quality. Most cardiology stethoscopes have a pressure-tunable diaphragm that helps to distinguish between high and low-frequency sounds. Moreover, increasing heart-related disorders also boosts the demand for cardiovascular stethoscopes globally.

Some of the key products offered under this segment include Littmann Cardiology Stethoscopes Electronic Stethoscopes offered by 3M; Welch Allyn's Harvey Elite Stethoscope; DUO ECG + Digital Stethoscope by Eko Devices, Inc. It consists of an electronic stethoscope plus handheld ECG and amplifies heart sounds up to 60X and tracks electrical activity; Adscope 601 Convertible Cardiology Stethoscope by American Diagnostic Corporation; and Cardiology Stethoscope by GF Health Products. These products are gradually replacing conventional stethoscopes, thereby leading to market growth.

Smart Stethoscopes Market

Wireless Stethoscope, Stethoscope with Wire.

Application as below

Hospitals, Clinics

The global market for Smart Stethoscopes is segmented on the basis of product, type. All of these segments have been studied individually. The detailed investigation allows assessment of the factors influencing the Smart Stethoscopes Market. Experts have analyzed the nature of development, investments in research and development, changing consumption patterns, and growing number of applications. In addition, analysts have also evaluated the changing economics around the Smart Stethoscopes Market that are likely affect its course.

Key Companies & Market Share Insights
Key players are involved in adopting strategies such as mergers and acquisitions, partnerships, and launching new products to strengthen their foothold in the market.

In October 2020, 3M and Eko collaborated to combine 3M's Littmann stethoscope with Eko's digital innovations.

In January 2018, M3dicine launched Stethee 'smart' stethoscope. It is an artificial intelligence-enabled stethoscope system that can amplify, filter, record, and analyze heart and lung sounds.

Some of the prominent players in the smart stethoscope market include:

3M

Thinklabs

HD Medical, Inc.

Eko Devices, Inc.

eKuore

M3DICINE Pty Ltd.

Sonavi Labs

Steth IO

Global Smart Stethoscope Market: Dynamics
Traditional stethoscopes had various disadvantages, for example, poor sound quality. This drawback was notable in overweight patients and patients with thick chest walls. Other drawbacks included requirement for qualified professionals to investigate and analyze the findings, high costs, and distribution limited only to advanced healthcare centers. On the other hand, smart stethoscopes are comparatively cost-effective, simple to use, and readily available for use by physicians and paramedical staff. This is a key factor boosting growth of the global smart stethoscope market.

Cardiovascular disorders is the key cause of deaths worldwide and early diagnosis is important for saving lives. In developing economies such as India, where the adoption of modern medical imaging devices is limited, especially in rural areas, stethoscopes, including smart stethoscopes, play a significant role in the treatment of cardiac and pulmonary conditions. This is another factor boosting market growth.

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Key questions answered in the report:

Which are the five top players of the Smart Stethoscopes market?
How will the Smart Stethoscopes market change in the next five years?
Which product and application will take a lion's share of the Smart Stethoscopes market?
What are the drivers and restraints of the Smart Stethoscopes market?
Which regional market will show the highest growth?
What will be the CAGR and size of the Smart Stethoscopes market throughout the forecast period?
Note - To provide a more accurate market forecast, all our reports will be updated prior to delivery considering the impact of COVID-19.

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