Electronic Stethoscopes- Key Research Findings
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Global electronic stethoscopes market size in 2018 – nearly US$ 210 Mn
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The electronic stethoscopes market is projected to record a CAGR of 5.9% during the forecast period (2019–2029).
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According to the US Centers for Disease Control and Prevention (CDC), the prevalence of Coronary Heart Disease (CHD) among the US population was more than 43% in 2018.
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According to American Heart Association, in 2018, cardiovascular disease accounted for nearly 836,546 deaths in the U.S., which is about 1 of every 3 deaths in the country.
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North America and Europe will continue to hold dominant revenue share in electronic stethoscopes market.
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Advancements in technology, the adoption of new electronic stethoscopes, and increase in population suffering from cardiac disorders are likely to contribute to the significant growth of the electronic stethoscopes market.
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East Asia holds high growth potential for the electronic stethoscopes market due to the rising demand for new medical devices and increase in healthcare spending.
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Sales of amplifying stethoscopes accounted for a significant share of the electronic stethoscopes market revenue.
Top 3 Factors Shaping the Electronic Stethoscopes Market
Electronic stethoscopes have overcome the drawbacks of conventional stethoscopes. Conventional stethoscopes are currently outdated, which is boosting the preference for electronic stethoscopes. Electronic stethoscopes have several advantages over conventional stethoscopes, for instance, they can amplify cardiac and lung sounds more appropriately. They can convert the acoustic signals of auscultated sound into digital signals, which are processed further for optimal listening.
In addition, electronic stethoscopes reduce external noise and help medical professionals identify the signals and mentor them properly. Some of the electronic stethoscopes that are currently in the market are the 3M Littmann electronic stethoscope, Cardionics E-scope, eKuore Pro digital stethoscope, Thinklabs One Digital Stethoscope, and AD Instruments MLT209. Owing to the abovementioned factors, electronic stethoscopes are gaining more popularity, which is resulting in market growth.
Manufacturers are currently focusing on developing electronic stethoscopes by providing greater ease of operability. Some electronic stethoscopes in the market can record and replay audio signals as well as the sound captured by them.
Electronic stethoscopes have the capabil |