Market Overview:
The global electronic stethoscope market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for technologically advanced stethoscopes, rising prevalence of cardiovascular diseases, and growing number of homecare settings. Based on type, the global electronic stethoscope market is segmented into amplifying stethoscopes and digitizing stethoscopes. The amplifying stethoscope segment is expected to account for the majority share of the global electronic stethoscope market in 2018. This segment is projected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030 due to its superior sound quality and ability to amplify heart and lung sounds over traditional acoustic scopes. Based on application, hospitals are expected account for majority share of the global electronic Stethescope Market in2018 followed by clinics .
Product Definition:
An electronic stethoscope is a medical device that amplifies the sound of a heartbeat or other body sounds, allowing them to be heard by the user. Electronic stethoscopes are often used to listen to heartbeats and lungs, but can also be used to listen to other body sounds.
Amplifying Stethoscope:
Amplifying stethoscope is a medical device used to amplify the sound of heart and lungs. It's major application is in cardiology and pulmonary medicine. Amplifying stethoscope can be used by any healthcare professional as it provides clear, accurate, and consistent results every time. This device has been an important tool for doctors to diagnose various cardiac diseases such as heart murmur or Heart Failure (HF) or listening to lung sounds during respiratory examination.
Digitizing Stethoscope:
The digitizing stethoscope is a digital device that converts analog audio signals into digital form. It's major applications are in electronic stethoscopes where it helps to improve the sensitivity of the device by amplifying weak signals and reducing noise. The digitizing technology used in this product is based on sampling, which involves conversion of analog audio signal to millions of digital values with the help of an internal clockwork mechanism known as quartz crystal.
Application Insights:
Based on application, the global electronic stethoscope market is segmented into hospitals, clinics, homecare settings and others. The hospitals segment dominated the overall market in terms of revenue in 2017. This high share is attributable to a large number of patients seen by doctors in hospitals across various parts of the world daily. Electronic stethoscopes are used for listening to heart sounds and taking measurements during cardiology checkups at hospital outpatient departments or emergency rooms.
The clinics segment is expected to grow at a lucrative rate over the forecast period owing to increasing demand for quality healthcare services from an increasingly aging population along with rising awareness about these devices among clinicians worldwide. Electronic stethoscopes can be used by physicians or nurse practitioners for listening to heart sounds and taking measurements during pediatric checkups, sports physicals or general wellness visits conducted by primary care physicians at their offices or rural health centers.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing awareness about chronic diseases, high purchasing power of consumers, and availability of advanced products in this region. Moreover, favorable government initiatives for the adoption of EMR are also expected to drive growth during the forecast period. For instance, The Joint Commission launched an initiative named “Electronic Health Records (EHR) Incentive Program†which encourages healthcare organizations to achieve meaningful use by offering financial incentives such as incentive payments and research grants for achieving certain milestones related to EHR implementation.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising disposable income coupled with growing health awareness among people; especially in developing countries such as India and China. Furthermore, a large population base suffering from chronic diseases will further boost product demand during the estimated time span.
Growth Factors:
- Increasing demand for minimally invasive surgeries: The global market for minimally invasive surgeries is expected to grow at a CAGR of 6.5% from 2016 to 2021. This is primarily owing to the increasing number of geriatric population and technological advancements in the field of surgery. Electronic stethoscopes are increasingly being used in such surgeries as they provide accurate real-time information about heart and lung sounds.
- Rising prevalence of cardiovascular diseases: According to the World Health Organization, cardiovascular diseases account for 31% of all global deaths each year. This number is expected to rise in the coming years due to changing lifestyles and increasing levels of stress among people worldwide. Electronic stethoscopes can help physicians detect early signs of these diseases and provide timely treatment, thus saving lives.
- . Technological advancements: The developmentof new technologies has ledto smaller ,lighterand moreportablestethescope models that are easier tomaintainanduse .Theseadvancesarelikelytoresult
Scope Of The Report
Report Attributes
Report Details
Report Title
Electronic Stethoscope Market Research Report
By Type
Amplifying Stethoscope, Digitizing Stethoscope
By Application
Hospitals, Clinics, Homecare Settings, Others
By Companies
3M Littmann, Suzuken, Welch Allyn (Hill-Rom), Yuwell, Omron, American Diagnostics, Rudolf Riester, Thinklabs, GF Health, Folee, 3M Littmann, Cardionics, EmsiG, HD Medical, Eko Devices, EKuore, CliniCloud, Dongjin Medical, Meditech Equipment, Ambisea Technology Corp
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
218
Number of Tables & Figures
153
Customization Available
Yes, the report can be customized as per your need.
Global Electronic Stethoscope Market Report Segments:
The global Electronic Stethoscope market is segmented on the basis of:
Types
Amplifying Stethoscope, Digitizing Stethoscope
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Clinics, Homecare Settings, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- 3M Littmann
- Suzuken
- Welch Allyn (Hill-Rom)
- Yuwell
- Omron
- American Diagnostics
- Rudolf Riester
- Thinklabs
- GF Health
- Folee
- 3M Littmann
- Cardionics
- EmsiG
- HD Medical
- Eko Devices
- EKuore
- CliniCloud
- Dongjin Medical
- Meditech Equipment
- Ambisea Technology Corp
Highlights of The Electronic Stethoscope Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Amplifying Stethoscope
- Digitizing Stethoscope
- By Application:
- Hospitals
- Clinics
- Homecare Settings
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Electronic Stethoscope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An electronic stethoscope is a medical device that helps diagnose heart problems by measuring heart sounds.
Some of the key players operating in the electronic stethoscope market are 3M Littmann, Suzuken, Welch Allyn (Hill-Rom), Yuwell, Omron, American Diagnostics, Rudolf Riester, Thinklabs, GF Health, Folee, 3M Littmann, Cardionics, EmsiG, HD Medical, Eko Devices, EKuore, CliniCloud, Dongjin Medical, Meditech Equipment, Ambisea Technology Corp.
The electronic stethoscope market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electronic Stethoscope Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electronic Stethoscope Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electronic Stethoscope Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electronic Stethoscope Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electronic Stethoscope Market Size & Forecast, 2018-2028
4.5.1 Electronic Stethoscope Market Size and Y-o-Y Growth
4.5.2 Electronic Stethoscope Market Absolute $ Opportunity
Chapter 5 Global Electronic Stethoscope Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Electronic Stethoscope Market Size Forecast by Type
5.2.1 Amplifying Stethoscope
5.2.2 Digitizing Stethoscope
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Electronic Stethoscope Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Electronic Stethoscope Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.2.3 Homecare Settings
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electronic Stethoscope Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electronic Stethoscope Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Electronic Stethoscope Analysis and Forecast
9.1 Introduction
9.2 North America Electronic Stethoscope Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Electronic Stethoscope Market Size Forecast by Type
9.6.1 Amplifying Stethoscope
9.6.2 Digitizing Stethoscope
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Electronic Stethoscope Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
9.10.3 Homecare Settings
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Electronic Stethoscope Analysis and Forecast
10.1 Introduction
10.2 Europe Electronic Stethoscope Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Electronic Stethoscope Market Size Forecast by Type
10.6.1 Amplifying Stethoscope
10.6.2 Digitizing Stethoscope
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Electronic Stethoscope Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
10.10.3 Homecare Settings
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Electronic Stethoscope Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Electronic Stethoscope Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Electronic Stethoscope Market Size Forecast by Type
11.6.1 Amplifying Stethoscope
11.6.2 Digitizing Stethoscope
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Electronic Stethoscope Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
11.10.3 Homecare Settings
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Electronic Stethoscope Analysis and Forecast
12.1 Introduction
12.2 Latin America Electronic Stethoscope Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Electronic Stethoscope Market Size Forecast by Type
12.6.1 Amplifying Stethoscope
12.6.2 Digitizing Stethoscope
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Electronic Stethoscope Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
12.10.3 Homecare Settings
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Electronic Stethoscope Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Electronic Stethoscope Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Electronic Stethoscope Market Size Forecast by Type
13.6.1 Amplifying Stethoscope
13.6.2 Digitizing Stethoscope
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Electronic Stethoscope Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
13.10.3 Homecare Settings
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electronic Stethoscope Market: Competitive Dashboard
14.2 Global Electronic Stethoscope Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M Littmann
14.3.2 Suzuken
14.3.3 Welch Allyn (Hill-Rom)
14.3.4 Yuwell
14.3.5 Omron
14.3.6 American Diagnostics
14.3.7 Rudolf Riester
14.3.8 Thinklabs
14.3.9 GF Health
14.3.10 Folee
14.3.11 3M Littmann
14.3.12 Cardionics
14.3.13 EmsiG
14.3.14 HD Medical
14.3.15 Eko Devices
14.3.16 EKuore
14.3.17 CliniCloud
14.3.18 Dongjin Medical
14.3.19 Meditech Equipment
14.3.20 Ambisea Technology Corp
