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Electronic Stethoscope Market is Projected to Record a CAGR of 5.9% During the Forecast Period 2019 to 2029 - Future Market Insights

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Future Market Insights

18 Apr, 2019, 12:30 GMT

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VALLEY COTTAGE, New York, April 18, 2019 /PRNewswire/ -- Up from nearly half a million units sold in 2018, the global sales of electronic stethoscopes will observe a robust 7.2% growth in 2019. The electronic stethoscopes market is expected to create an incremental opportunity worth US$ 170.9 Mn between 2019 and 2029. 

Key Manufacturers Continue to Strategize on New Product Launches in Electronic Stethoscopes Landscape

Almost 2/5th of total adoption of electronic stethoscopes is registered at hospitals, the report underscores that there has been significant adoption by medical institutes in the recent past. In the next few years, medical institutes and ambulatory surgical centers are likely to create multiple opportunities for manufacturers of electronic stethoscopes.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-9457

More than half of the overall sales is accounted by amplifying electronic stethoscopes, as indicated by FMI's analysis. While amplifying electronic stethoscopes provide results as accurate as digitizing electronic stethoscopes, the latter are associated with high maintenance owing to the presence of multiple electronic components. Amplifying electronic stethoscopes are thus expected to observe significant growth in revenue over the course of coming years.

According to the report, the market attractiveness of amplifying stethoscopes is strongly backed by the increasing number of launches of new electronic stethoscopes by a number of small- and medium-sized companies. Electronic stethoscopes are rapidly replacing conventional variants across developed countries, predominantly owing to accelerated regulatory approvals.

  • eKuore had launched the first wireless stethoscope for medical use.
  • Eko had launched the first Android–connected digital stethoscope.
  • In April 2018, Steth IO launched a digital smartphone-enabled stethoscope.

According to the report, approximately 60% of the electronic stethoscopes that are sold are enabled with Bluetooth technology and an integrated chest piece system. The former is however poised to witness a higher rate of adoption over the coming years.

Preview analysis of Electronic Stethoscope Market is segmented by (Product Type - amplifying stethoscope & digitizing stethoscope; Technology - integrated chest-piece system, wireless transmission system (bluetooth), integrated receiver head-piece system, & others; End User - hospitals, clinics, medical institutes, ambulatory surgical centers, homecare settings, medical camps, and catheterization laboratories;) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2019 - 2029: https://www.futuremarketinsights.com/reports/electronic-stethoscope-market

North America Continues to Lead the Global Market for Electronic Stethoscopes

North America holds a considerable revenue share in the electronic stethoscopes market. With advancements in technology and the presence of a large number of healthcare facilities, electronic stethoscopes are being widely used in the region. Their ability to provide amplified sound output as well as reduce external sound makes it easy for medical professionals to detect sounds and provide proper treatment to patients.

FMI's study has profiled some of the key companies operating in the global electronic stethoscopes market, including Eko Devices, eKuore, GlobalMed, 3M, Welch Allyn, Ambisea Technology Corp., Meditech Equipment Co., Ltd, HD Medical, Thinklabs, ADInstruments, and Cardionics Inc.

For more insights on the tier-wise structure and competition analysis and key influencers shaping the electronic stethoscopes market performance, write to the analyst at press@futuremarketinsights.com

Our advisory services are aimed at helping you with specific, customized insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-9457

More from Healthcare, Pharmaceuticals and Medical devices Market Insights :

  • Endoscopic Ultrasound Needles Sales Forecast - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017-2025
  • Bionic Gloves Market Analysis - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028
  • Handheld Arthroscopic Instruments Market Analysis - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018-2028

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Healthcare, Pharmaceuticals and Medical devices Market Insights

Contact Us

Mr. Abhishek Budholiya
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
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