The increasing prevalence of respiratory and cardiovascular diseases stands as a key factor augmenting the growth of the smart stethoscope market during the forecast period 2020 to 2030. The smart stethoscope is an easy to understand and practical gadget that helps doctors in getting positive results. Smart stethoscopes are creating as a cutting edge homecare clinical item and an imaginative specialist’s partner. Reliant upon heart cadence, these stethoscopes help in the conclusion of respiratory sicknesses and problems.
The global smart stethoscope market is classified on the basis of application, end-use, and regions. In terms of application, the market is categorized into teaching, fetal, pediatric, neonatal, cardiovascular, and others. With respect to end-use, the market is grouped into ambulatory surgical centers, clinics, and hospitals.
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The report offers an elaborate overview of the global market and emphasizes on the growth parameters such as drivers, restraints, challenges, and upcoming opportunities. It also throws light on the impact of the novel Coronavirus pandemic on this market and how can players benefit from it in the coming years. Additionally, the table of segmentation in discussed in details in this report with prime emphasis on the leading segment and its attributed factor. The report is available for sale on the company website.
Smart Stethoscope Market: List of Companies
Companies are increasingly engaging in collaborative agreements in order to gain a competitive edge in the overall market competition. Moreover, players are also investing heavily on healthcare infrastructure and medical facilities to ensure a significant position amongst the top players. Some of the leading manufacturers include:
- Steth IO
- HD Medical
- Sonavi Labs
- Eko Devices Inc.
Smart Stethoscope Market: Significant Developments
- Artificial intelligence induced Stethee, a smart stethoscope was launched in January 2018 by M2dicine for analyzing, recording, filtering, and amplifying the sound of the lungs and heart.
- Collaborative agreement between Eko and 3M in October 2020 resulted in the launch of an artificial intelligence-enabled stethoscope system that includes a combination of digital innovations by Eko and Littmann stethoscope by 3M.
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Smart Stethoscope Market: Prime Driving Factors
The growing population and the increasing cases of respiratory and cardiovascular diseases are the prime factors augmenting the growth of the global smart stethoscope market. The growing number of geriatric population and their vulnerability to various diseases will also drive this market. The rising development of surgical procedures and improving healthcare infrastructure is also likely to add boost to the overall growth of the market in future.
Smart Stethoscope Market: Regional Analysis
Regionwise, the global smart stethoscope market is widespread into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Among these, the market in North America is holding the dominant position on account of the presence of better medical infrastructure and facilities. The advent of the novel coronavirus pandemic is also expected to propel the need for smart stethoscopes, thereby augmenting the growth of this regional market as well. On the other side, the market in Asia Pacific is expected to witness significant growth in the coming years on account of the rising number of respiratory disorders and the presence of geriatric population especially in India and China.
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