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Global Digital Stethoscope Market to reach USD 166.34 million by the end of 2030.

Global Digital Stethoscope Market Size Study & Forecast, by Product Type (Amplifying Stethoscope, Digitalization Stethoscope), By Technology (Integrated Chest-Piece System, Wireless Transmission System, Integrated Receiver Head-Piece System), By Application (General Medicine, Cardiology, Telemedicine, Veterinary, Pediatrics), By End-use (Hospitals & Clinics, Home Healthcare, Nurse Practitioners, EMT/ First Responders, Veterinary), and Regional Analysis, 2023-2030

Product Code: HLSMDE-41238950
Publish Date: 13-07-2023
Page: 200

Global Digital Stethoscope Market is valued at approximately USD 101.57 million in 2022 and is anticipated to grow with a healthy growth rate of more than 6.36% over the forecast period 2023-2030. A digital stethoscope is a medical gadget that transmits heart and lung sounds to a speaker or headphones using electronic technology. It has the capacity to transform an acoustic sound into electronic impulses that are then amplified for the optimal possible hearing. These electronic impulses are further processed and converted to digital form before being transmitted to a laptop or personal computer. The growing incidences of chronic diseases, rising geriatric population, growing healthcare expenditure, and rising government initiatives to promote the use of digital stethoscopes in healthcare settings are the key driving factors for the market growth across the globe.

In addition, stipulating demand for remote patient monitoring and telehealth services is playing vital role in the market growth during the estimated period. Digital stethoscopes are adopted to remotely monitor patients’ heart and lung sounds, which assist healthcare professionals to offer enhanced care for patients who are unable to travel to a healthcare facility. According to Statista, in 2019, the telemedicine sector was estimated to value USD 49.9 billion globally. Also, it is anticipated to grow and is expected to reach USD 277.9 billion by 2025. Also, many telemedicine startups, including Steth IO, have introduced digital stethoscopes integrated into smartphones that enable doctors to hear to and measure heart rates and lung sounds using a mobile application by simply placing the phone up to a patient’s chest. Therefore, these factors are fueling the market growth at a considerable rate. Moreover, the rising adoption of next-generation technology, as well as the increasing focus on patient-centered care presents various lucrative opportunities over the forecast years. However, the high cost of digital stethoscopes and complexities associated with the digital stethoscopes are hindering the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Digital Stethoscope Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the high R&D investments by major market players, rising prevalence of chronic disorders, and increasing number of initiatives for the healthcare infrastructure development. Whereas, Asia Pacific region is expected to grow at the highest CAGR over the forecast years. The growing geriatric population, rising adoption of technologically advanced devices and increasing healthcare expenditure are significantly propelling the market demand across the region.

Major market players included in this report are:
3M (Minnesota Mining and Manufacturing Company)
eKuore Technologies, Inc.
American Diagnostic Corporation
Contec Medical Systems Co., Ltd.
Meditech Equipment Co., Ltd.
Ayu Devices
Thinklabs Medical LLC
Cardionics
FarmaSino Pharmaceuticals
Hefny Pharma Group

Recent Developments in the Market:
Ø In October 2020, 3M and Eko introduced the 3M Littmann CORE Digital Stethoscope in order to assist doctors in better understanding the sounds and detecting heart murmurs. This device offers access to both digital and analogue auscultation selections as well as connectivity to Eko’s software and AI algorithms.

Global Digital Stethoscope Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Product Type, Technology, Application, End-use, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Amplifying Stethoscope
Digitalization Stethoscope

By Technology:
Integrated Chest-Piece System
Wireless Transmission System
Integrated Receiver Head-Piece System

By Application:
General Medicine
Cardiology
Telemedicine
Veterinary
Pediatrics

By End-use:
Hospitals & Clinics
Home Healthcare
Nurse Practitioners
EMT/ First Responders
Veterinary

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Million)
1.2.1. Digital Stethoscope Market, by region, 2020-2030 (USD Million)
1.2.2. Digital Stethoscope Market, by Product Type, 2020-2030 (USD Million)
1.2.3. Digital Stethoscope Market, by Technology, 2020-2030 (USD Million)
1.2.4. Digital Stethoscope Market, by Application, 2020-2030 (USD Million)
1.2.5. Digital Stethoscope Market, by End-use, 2020-2030 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Digital Stethoscope Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Digital Stethoscope Market Dynamics
3.1. Digital Stethoscope Market Impact Analysis (2020-2030)
3.1.1. Market Drivers
3.1.1.1. Increasing incidences of chronic diseases
3.1.1.2. Stipulating demand for remote patient monitoring and telehealth services
3.1.2. Market Challenges
3.1.2.1. High cost of digital stethoscopes
3.1.2.2. Complexities associated with the digital stethoscopes
3.1.3. Market Opportunities
3.1.3.1. Rising adoption of next-generation technology
3.1.3.2. Increasing focus on patient-centered care
Chapter 4. Global Digital Stethoscope Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economic
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Digital Stethoscope Market, by Product Type
5.1. Market Snapshot
5.2. Global Digital Stethoscope Market by Product Type, Performance – Potential Analysis
5.3. Global Digital Stethoscope Market Estimates & Forecasts by Product Type 2020-2030 (USD Million)
5.4. Digital Stethoscope Market, Sub Segment Analysis
5.4.1. Amplifying Stethoscope
5.4.2. Digitalization Stethoscope
Chapter 6. Global Digital Stethoscope Market, by Technology
6.1. Market Snapshot
6.2. Global Digital Stethoscope Market by Technology, Performance – Potential Analysis
6.3. Global Digital Stethoscope Market Estimates & Forecasts by Technology 2020-2030 (USD Million)
6.4. Digital Stethoscope Market, Sub Segment Analysis
6.4.1. Integrated Chest-Piece System
6.4.2. Wireless Transmission System
6.4.3. Integrated Receiver Head-Piece System
Chapter 7. Global Digital Stethoscope Market, by Application
7.1. Market Snapshot
7.2. Global Digital Stethoscope Market by Application, Performance – Potential Analysis
7.3. Global Digital Stethoscope Market Estimates & Forecasts by Application 2020-2030 (USD Million)
7.4. Digital Stethoscope Market, Sub-Segment Analysis
7.4.1. General Medicine
7.4.2. Cardiology
7.4.3. Telemedicine
7.4.4. Veterinary
7.4.5. Pediatrics
Chapter 8. Digital Stethoscope Market, by End-use
8.1. Market Snapshot
8.2. Global Digital Stethoscope Market by End-use, Performance – Potential Analysis
8.3. Global Digital Stethoscope Market Estimates & Forecasts by End-use 2020-2030 (USD Million)
8.4. Digital Stethoscope Market, Sub Segment Analysis
8.4.1. Hospitals & Clinics
8.4.2. Home Healthcare
8.4.3. Nurse Practitioners
8.4.4. EMT/ First Responders
8.4.5. Veterinary
Chapter 9. Global Digital Stethoscope Market, Regional Analysis
9.1. Top Leading Countries
9.2. Top Emerging Countries
9.3. Digital Stethoscope Market, Regional Market Snapshot
9.4. North America Digital Stethoscope Market
9.4.1. U.S. Digital Stethoscope Market
9.4.1.1. Product Type breakdown estimates & forecasts, 2020-2030
9.4.1.2. Technology breakdown estimates & forecasts, 2020-2030
9.4.1.3. Application breakdown estimates & forecasts, 2020-2030
9.4.1.4. End-use breakdown estimates & forecasts, 2020-2030
9.4.2. Canada Digital Stethoscope Market
9.5. Europe Digital Stethoscope Market Snapshot
9.5.1. U.K. Digital Stethoscope Market
9.5.2. Germany Digital Stethoscope Market
9.5.3. France Digital Stethoscope Market
9.5.4. Spain Digital Stethoscope Market
9.5.5. Italy Digital Stethoscope Market
9.5.6. Rest of Europe Digital Stethoscope Market
9.6. Asia-Pacific Digital Stethoscope Market Snapshot
9.6.1. China Digital Stethoscope Market
9.6.2. India Digital Stethoscope Market
9.6.3. Japan Digital Stethoscope Market
9.6.4. Australia Digital Stethoscope Market
9.6.5. South Korea Digital Stethoscope Market
9.6.6. Rest of Asia Pacific Digital Stethoscope Market
9.7. Latin America Digital Stethoscope Market Snapshot
9.7.1. Brazil Digital Stethoscope Market
9.7.2. Mexico Digital Stethoscope Market
9.8. Middle East & Africa Digital Stethoscope Market
9.8.1. Saudi Arabia Digital Stethoscope Market
9.8.2. South Africa Digital Stethoscope Market
9.8.3. Rest of Middle East & Africa Digital Stethoscope Market

Chapter 10. Competitive Intelligence
10.1. Key Company SWOT Analysis
10.1.1. Company 1
10.1.2. Company 2
10.1.3. Company 3
10.2. Top Market Strategies
10.3. Company Profiles
10.3.1. 3M (Minnesota Mining and Manufacturing Company)
10.3.1.1. Key Information
10.3.1.2. Overview
10.3.1.3. Financial (Subject to Data Availability)
10.3.1.4. Product Summary
10.3.1.5. Recent Developments
10.3.2. eKuore Technologies, Inc.
10.3.3. American Diagnostic Corporation
10.3.4. Contec Medical Systems Co., Ltd.
10.3.5. Meditech Equipment Co., Ltd.
10.3.6. Ayu Devices
10.3.7. Thinklabs Medical LLC
10.3.8. Cardionics
10.3.9. FarmaSino Pharmaceuticals
10.3.10. Hefny Pharma Group
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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