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Stethoscopes are the acoustic medical devices used for listening to internal sounds of the body which include sounds made by heart, lungs, intestine, and flow of blood in arteries and veins. It is also used to measure blood pressure when used in combination with a sphygmomanometer. Acoustic stethoscopes operate on the communication of sound from the chest through air-filled hollow tubes placed at listener's ears. Furthermore, electronic disables the low sound echoes generated by amplifying body sounds electronically. However, owing to technological advancements there is a huge requirement to replace conventional stethoscopes with advanced smart stethoscopes for overcoming various complication associated with conventional stethoscopes which include low sound quality, especially in obese patients. Additionally, smart stethoscopes are also emerging as home care medical device which is propelling the growth of the market. Smart stethoscopes consist of various significant features that are compelling the growth of the market owing to their low cost, small size, noise reduction, accessibility through mobile apps which helps in data sharing, and others. They consist of low-frequency microphones with Bluetooth connectivity which is compelling the growth of the market.
Key Market Driver -
Rise in technological advancements of the product.
Key Market Restraint -
stringent regulatory guidelines.
Rise in chronic diseases, geriatric population, increase in regular healthcare checkups, rise in early diagnosis and treatment, etc. are the major factors driving the growth of the market. According to WHO, it is noted that chronic diseases accounted for approximately 60% of the 56.5 million of global death rate and approximately held 46% of the global burden of disease. Furthermore, rise in manufacturers’ interest to develop technologically advanced smart stethoscopes are triggering the growth of the market. Modern smart stethoscopes are integrated with artificial intelligence technology that help in providing greater sound of lungs at the time of highly influencing diseases related to lung such as pneumonia. Additionally, eKuore has launched smart stethoscopes holding the telemedicine technology which helps in controlling, monitoring quick and easy way at low cost, which is triggering the market. American Diagnostic Corporation has developed a product named ADC Adscope 615 which combines traditional acoustic response with adjustable frequency technology where diaphragm can be toned to enhance the frequency response. Similarly, digital stethoscopes helping in improvising sound resolution, minimize noise interference, and providing data for visualization and storage is emerging as an opportunity for the growth of the market.
However, lack of technology penetration, dearth of skilled professionals, availability of smart stethoscopes only at advanced clinics, stringent regulations, and inability of smart stethoscopes to determine shape, size structure and function of heart is hindering the growth of the market.
Globally, the Smart Stethoscopes market is segmented on basis of product type, end-users, and region. Based on the product type, the market is bifurcated into wireless Stethoscopes and Stethoscopes with wire. Based on the distribution channel, the market is classified into hospitals, clinics, ambulatory surgical centers, and others.
Geographically, the Smart Stethoscopes Market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa.
The major companies in the global Smart Stethoscopes Market include eKuore, American Diagnostic Corporation, Welch Allyn, HD Medical Group, 3M, Cardionics, and others.
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Geographically, the global Smart Stethoscopes market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East & Africa. North America is dominating the market owing to the rise in prevalence of chronic diseases, huge investment in the healthcare industry, and the quick adoption of technology. Europe is the second-largest contributor to the market owing to an increase in health care awareness related blood reaction and donation and increased per-capita income expenditure. Asia Pacific is anticipated to experience vast growth in the market owing to rise in geriatric population, an increase in healthcare awareness, an increase in government initiatives towards the healthcare sector, and an increase in the number of research activities. Latin America and Middle East are also anticipated to experience lucrative growth in the market.
By Product Type
By Distribution Channel
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