Digital Stethoscope Market Size, Share | Report 2023-2032
The global digital stethoscope market size was estimated at around USD 93.2 million in 2022 and it is projected to hit around USD 162.86 million by 2032, growing at a CAGR of 5.74% from 2023 to 2032.
Digital Stethoscope is evolving at a faster rate and is considered an instrument that helps in amplifying the low sound level. These are mainly used in general medicine, cardiology, telemedicine, veterinary, and pediatrics. Artificial intelligence technology is used in digital stethoscopes which assists in analysing the algorithm of the detected heart sounds. Thus, artificial intelligence technology helps practitioners to detect heart diseases at an early stage. Furthermore, the software used in digital stethoscopes are compatible with both iOS and Android devices. In addition, the rise in geriatric population is increasing the use of digital stethoscope in home healthcare.
| Report Coverage | Details |
| Market Size in 2022 | USD 93.2 million |
| Revenue Forecast by 2032 | USD 162.86 million |
| Growth rate from 2023 to 2032 | CAGR of 5.74% |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia Pacific, Latin America, Middle East & Africa |
| Companies Covered | 3M, eKuore, American Diagnostic Corporation, Contec Medical Systems Co., Ltd., Meditech Equipment Co., Ltd., Ayu Devices, Thinklabs Medical LLC, Cardionics, and others |
Market Influencer
Rising prevalence of chronic diseases such as cardiovascular and respiratory diseases, increasing geriatric population, and adoption of next generation technology such as artificial intelligence. Artificial intelligence enables both electrocardiogram and phonocardiogram in one device helping healthcare provider for better diagnosis. Thus, AI technology helps in amplifying the sound by suppressing noise using sensors and hardware. According to CDC, article released in October 2022, approximately 20 million U.S. individuals aged 20 and above were diagnosed with coronary artery disease, which is around 7% of the population. In addition, according to an article published by CardioSecure in 2019, around 40% of the risk of cardiovascular disease are hereditary, such as arteriosclerosis and high blood pressure. Thus, this increases the prevalence of diseases related to heart in individuals. Such instances are anticipated to create a favourable environment for key players and market growth in the coming years.
Furthermore, the advancement of bluetooth technology has paved the way for the development of wireless stethoscopes. Digital stethoscope with ECG combined with various other parameters can assist healthcare provider to monitor remote patients and thus delivering tele-health to individuals at their respective homes In addition, many telemedicine companies, such as Steth IO, has launched digital stethoscope build within smartphones, which allows physicians to listen and measure the lung sound and heart rates using the mobile application just by holding the phone up to an individuals’ chest.
Apart from that, increasing demand for accurate analysis for better treatment and extensive R&D activities are anticipated to drive the market toward growth further. For instance,
Digital Stethoscope Market Segmentations:
| By Technology | By End User |
|
Integrated Chest-Piece System Wireless Transmission System (Bluetooth) Integrated Receiver Head-Piece System Numerical Simulation and System Integration |
Hospitals Clinics Healthcare Institutes & Organizations Home Care Settings Others |
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Digital Stethoscope Market
5.1. COVID-19 Landscape: Digital Stethoscope Industry Impact
5.2. COVID 19 - Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Digital Stethoscope Market, By Technology
8.1. Digital Stethoscope Market, by Technology, 2023-2032
8.1.1. Integrated Chest-Piece System
8.1.1.1. Market Revenue and Forecast (2020-2032)
8.1.2. Wireless Transmission System (Bluetooth)
8.1.2.1. Market Revenue and Forecast (2020-2032)
8.1.3. Integrated Receiver Head-Piece System
8.1.3.1. Market Revenue and Forecast (2020-2032)
8.1.4. Numerical Simulation and System Integration
8.1.4.1. Market Revenue and Forecast (2020-2032)
Chapter 9. Global Digital Stethoscope Market, By End User
9.1. Digital Stethoscope Market, by End User, 2023-2032
9.1.1. Hospitals
9.1.1.1. Market Revenue and Forecast (2020-2032)
9.1.2. Clinics
9.1.2.1. Market Revenue and Forecast (2020-2032)
9.1.3. Healthcare Institutes & Organizations
9.1.3.1. Market Revenue and Forecast (2020-2032)
9.1.4. Home Care Settings
9.1.4.1. Market Revenue and Forecast (2020-2032)
9.1.5. Others
9.1.5.1. Market Revenue and Forecast (2020-2032)
Chapter 10. Global Digital Stethoscope Market, Regional Estimates and Trend Forecast
10.1. North America
10.1.1. Market Revenue and Forecast, by Technology (2020-2032)
10.1.2. Market Revenue and Forecast, by End User (2020-2032)
10.1.3. U.S.
10.1.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.1.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.1.4. Rest of North America
10.1.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.1.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.2. Europe
10.2.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.3. UK
10.2.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.4. Germany
10.2.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.5. France
10.2.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.2.6. Rest of Europe
10.2.6.1. Market Revenue and Forecast, by Technology (2020-2032)
10.2.6.2. Market Revenue and Forecast, by End User (2020-2032)
10.3. APAC
10.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.3. India
10.3.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.4. China
10.3.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.5. Japan
10.3.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.3.6. Rest of APAC
10.3.6.1. Market Revenue and Forecast, by Technology (2020-2032)
10.3.6.2. Market Revenue and Forecast, by End User (2020-2032)
10.4. MEA
10.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.3. GCC
10.4.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.4. North Africa
10.4.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.4.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.5. South Africa
10.4.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.4.6. Rest of MEA
10.4.6.1. Market Revenue and Forecast, by Technology (2020-2032)
10.4.6.2. Market Revenue and Forecast, by End User (2020-2032)
10.5. Latin America
10.5.1. Market Revenue and Forecast, by Technology (2020-2032)
10.5.2. Market Revenue and Forecast, by End User (2020-2032)
10.5.3. Brazil
10.5.3.1. Market Revenue and Forecast, by Technology (2020-2032)
10.5.3.2. Market Revenue and Forecast, by End User (2020-2032)
10.5.4. Rest of LATAM
10.5.4.1. Market Revenue and Forecast, by Technology (2020-2032)
10.5.4.2. Market Revenue and Forecast, by End User (2020-2032)
Chapter 11. Company Profiles
11.1. 3M
11.1.1. Company Overview
11.1.2. Product Offerings
11.1.3. Financial Performance
11.1.4. Recent Initiatives
11.2. eKuore
11.2.1. Company Overview
11.2.2. Product Offerings
11.2.3. Financial Performance
11.2.4. Recent Initiatives
11.3. American Diagnostic Corporation
11.3.1. Company Overview
11.3.2. Product Offerings
11.3.3. Financial Performance
11.3.4. Recent Initiatives
11.4. Contec Medical Systems Co., Ltd.
11.4.1. Company Overview
11.4.2. Product Offerings
11.4.3. Financial Performance
11.4.4. LTE Scientific
11.5. Meditech Equipment Co., Ltd.
11.5.1. Company Overview
11.5.2. Product Offerings
11.5.3. Financial Performance
11.5.4. Recent Initiatives
11.6. Ayu Devices
11.6.1. Company Overview
11.6.2. Product Offerings
11.6.3. Financial Performance
11.6.4. Recent Initiatives
11.7. Thinklabs Medical LLC
11.7.1. Company Overview
11.7.2. Product Offerings
11.7.3. Financial Performance
11.7.4. Recent Initiatives
11.8. Cardionics
11.8.1. Company Overview
11.8.2. Product Offerings
11.8.3. Financial Performance
11.8.4. Recent Initiatives
11.9. others
11.9.1. Company Overview
11.9.2. Product Offerings
11.9.3. Financial Performance
11.9.4. Recent Initiatives
Chapter 12. Research Methodology
12.1. Primary Research
12.2. Secondary Research
12.3. Assumptions
Chapter 13. Appendix
13.1. About Us
13.2. Glossary of Terms
Cross-segment Market Size and Analysis for
Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market DynamicsRegion Level Market Share Import Export AnalysisProduction AnalysisOthers