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.
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.
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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.
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
- Welch Allyn
- Ambisea Technology Corp.
- Meditech Equipment Co., Ltd
- HD Medical
- Cardionics Inc.
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Table of Content
- Executive Summary
1.1. Global Market Outlook
1.2. Analysis and Recommendations
- Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
2.3. Inclusions and Exclusions
- Market Background
3.1. Macro-Economic Factors
3.2. Forecast Factors – Relevance & Impact
3.3. Market Dynamics
3.4. Opportunity Analysis
- Global Electronic Stethoscopes Market Demand Analysis 2014-2018 and Forecast, 2019-2029
4.1. Historical Market Volume (Units) Analysis, 2014-2018
4.2. Current and Future Market Projections, 2019-2029
4.3. Y-o-Y Growth Trend Analysis
- Global Electronic Stethoscopes Market – Pricing Analysis
5.1. Regional Pricing Analysis By Product Type
5.2. Pricing Break-up
5.2.1. Manufacturer Level Pricing
5.2.2. Distributor Level Pricing
- Global Electronic Stethoscopes Market Demand (in Value or Size in US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
- Global Electronic Stethoscopes Market Analysis 2014-2018 and Forecast 2019-2029, by Product Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Product Type, 2014 – 2018
7.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Product Type, 2019 – 2029
7.3.1. Amplifying Stethoscopes
7.3.2. Digitizing Stethoscopes
7.4. Market Attractiveness Analysis By Product Type