According to the recently upgraded market intelligence report by FMI, the Electronic Stethoscope Market is predicted to be valued at USD 292.2 million in 2024. By the end of 2034, the market is estimated to achieve USD 528.2 million and is slated to expand at a 6.10% CAGR in the following decade.
Growing demand for electronic stethoscopes due to the surging prevalence of cardiovascular diseases and the development of advanced healthcare technologies are supporting the industry's growth. In addition to this, emphasis on preventative care is also adding to the market growth.
Attributes | Key Insights |
---|---|
Electronic Stethoscope Market Size (2024E) | USD 292.2 million |
Market Valuation (2034F) | USD 528.2 million |
Value-based CAGR (2024 to 2034) | 6.10% |
The market share of amplifying stethoscopes is estimated to be 64.20% in 2024. Sales of amplifying stethoscopes are increasing on account of their ease of operability, high accuracy in offering amplified sounds, and low maintenance costs.
Leading Product | Amplifying Stethoscopes |
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Value Share (2024) | 64.20% |
Leading Application | Wireless Transmission System (Bluetooth) |
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Value Share (2024) | 36.50% |
The use of e-stethoscopes is increasing in wireless transmission systems (Bluetooth). The share of this application segment is projected to be 36.50% by the end of 2024.
Countries | Forecast CAGR (2024 to 2034) |
---|---|
United States | 4.20% |
Germany | 6.00% |
Japan | 7.10% |
China | 12.40% |
South Korea | 8.80% |
The United States electronic stethoscope market is expanding at a CAGR of 4.20% over the forecast period.
Players in the country are extending their reach via coming into collaborations.
For instance, in September 2023, FIGS.inc, which is the direct-to-consumer healthcare lifestyle and apparel brand collaborated with Eko Health, Inc., a top innovator in digital health technology for lung and heart disease detection to introduce FIGS | Eko CORE 500™ Digital Stethoscope in the market.
This collaboration brought together two companies that play a crucial role in the reinvention of two mainstays of healthcare professionals, i.e., stethoscopes and scrubs.
The electronic stethoscope market in Germany is increasing at a CAGR of 6.00% over the forecast period. The medical professionals and regulatory authorities in Germany are embracing advanced healthcare products and equipment.
With the rising incidences of cardiovascular diseases in the country, the demand for advanced electronic stethoscopes is propelling rapidly. Therefore, healthcare organizations are extending their portfolio of medical equipment by spending on amplifying e-stethoscopes, which are cost-effective digital stethoscopes.
Increasing consumption of fast food as well as surging sedentary lifestyles are the leading causes behind the ailing German population. Rising chronic diseases are also raising the demand for enhanced medications and early detection.
Responding to this, the government in Germany is elevating its healthcare infrastructure, which is increasing its sales.
Another key driver of sales of electronic stethoscopes is the growing demand for efficient detection devices for diseases. To alleviate the burden, the government in Germany is increasing the adoption of e-stethoscopes.
The market in China is expected to accelerate at a CAGR of 12.40% over the forecast period. The market in China is expected to show immense growth capabilities due to surging funding by the government and rapid technological advancements.
These developments are pushing advancements in healthcare equipment, subsequently pushing the demand for electronic stethoscopes.
The integration of wireless technology in these stethoscopes is also creating several business opportunities for players. Heightened health consciousness among the masses is raising the adoption.
Besides this, healthcare professionals are increasingly using these stethoscopes to boost their efficiency and enhanced patient outcomes.
Growing popularity of wearable medical devices owing to remote monitoring trend is positively impacting the market growth. This trend is also contributing to an accelerated sales of digital stethoscopes in China.
In Japan, the demand for electronic stethoscopes is pacing at an average of 7.10% over the next ten years. The demand and popularity of “visiting medical care” is increasing in the country, owing to the vast population of elderly who are dealing with mobility issues.
The market is making efforts to assist the aging population and effectively tackle the nursing shortage in the country. For instance, in September 2023, SOMPO and TytoCare collaborated to enhance and simplify the medical diagnosis procedures to increase their accessibility among the Japanese elderly population.
This initiative is a substantial leap forward in the quality and experience of healthcare services for the older patient population.
The country is focusing on early adoption of universal healthcare and surging focus on preventative care, which is expected to fuel demand for digital stethoscopes.
The electronic stethoscope market in South Korea is expected to expand at an 8.80% growth rate in the next decade. The country is ramping up its initiatives to embrace digital health technologies, which is expected to create substantial growth prospects for electronic stethoscope providers.
Recent advances in artificial intelligence are facilitating the development as well as deployment of AI tools that hold the potential to effectively detect heart valvular disease and predict the risk of cardiovascular disease events, according to the preliminary research studies led by a South Korean professor, presented at the Scientific Sessions 2023 at the American Heart Association.
According to the study, the demand for artificial intelligence-enabled digital stethoscopes is very likely to surge as they analyze the sound data of the heart more accurately than a healthcare professional who sought a traditional stethoscope to listen to the heart.
As the country is making significant progress toward the integration of medical devices into its healthcare system and enhanced reimbursements, the old practices are expected to be forgone.
The widespread acceptance of telemedicine is motivating electronic stethoscope manufacturers to develop advanced devices for increased sales. To enhance their presence in emerging economies, small and mid-sized firms operating in the industry are introducing their cost-effective product portfolios in these regions.
Certain industry giants are concentrating on creating innovative and technologically advanced electronic stethoscopes to boost their product portfolio. Market players are also investing in research and development activities to develop and introduce technologically advanced electronic stethoscopes across the globe.
Latest Developments that are Shaping the Electronic Stethoscope Industry
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
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Table 57: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
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Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by End User, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Application, 2024 to 2034
Figure 4: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 5: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 6: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 7: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 8: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 9: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 10: Global Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 11: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 12: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 13: Global Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 14: Global Market Volume (Units) Analysis by End User, 2019 to 2034
Figure 15: Global Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 16: Global Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 17: Global Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 18: Global Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 19: Global Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 20: Global Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 21: Global Market Attractiveness by Product, 2024 to 2034
Figure 22: Global Market Attractiveness by End User, 2024 to 2034
Figure 23: Global Market Attractiveness by Application, 2024 to 2034
Figure 24: Global Market Attractiveness by Region, 2024 to 2034
Figure 25: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 26: North America Market Value (US$ Million) by End User, 2024 to 2034
Figure 27: North America Market Value (US$ Million) by Application, 2024 to 2034
Figure 28: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 29: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 30: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 31: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 32: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 33: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 34: North America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 35: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 36: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 37: North America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 38: North America Market Volume (Units) Analysis by End User, 2019 to 2034
Figure 39: North America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 40: North America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 41: North America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 42: North America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 43: North America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 44: North America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 45: North America Market Attractiveness by Product, 2024 to 2034
Figure 46: North America Market Attractiveness by End User, 2024 to 2034
Figure 47: North America Market Attractiveness by Application, 2024 to 2034
Figure 48: North America Market Attractiveness by Country, 2024 to 2034
Figure 49: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 50: Latin America Market Value (US$ Million) by End User, 2024 to 2034
Figure 51: Latin America Market Value (US$ Million) by Application, 2024 to 2034
Figure 52: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 53: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 54: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 55: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 56: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 57: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 58: Latin America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 59: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 60: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 61: Latin America Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 62: Latin America Market Volume (Units) Analysis by End User, 2019 to 2034
Figure 63: Latin America Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 64: Latin America Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 65: Latin America Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 66: Latin America Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 67: Latin America Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 68: Latin America Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 69: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 70: Latin America Market Attractiveness by End User, 2024 to 2034
Figure 71: Latin America Market Attractiveness by Application, 2024 to 2034
Figure 72: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 73: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 74: Western Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 75: Western Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 76: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 77: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 78: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 79: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 80: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 81: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 82: Western Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 83: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 84: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 85: Western Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 86: Western Europe Market Volume (Units) Analysis by End User, 2019 to 2034
Figure 87: Western Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 88: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 89: Western Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 90: Western Europe Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 91: Western Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 92: Western Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 93: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 94: Western Europe Market Attractiveness by End User, 2024 to 2034
Figure 95: Western Europe Market Attractiveness by Application, 2024 to 2034
Figure 96: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 97: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 98: Eastern Europe Market Value (US$ Million) by End User, 2024 to 2034
Figure 99: Eastern Europe Market Value (US$ Million) by Application, 2024 to 2034
Figure 100: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 101: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 102: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 103: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 104: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 105: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 106: Eastern Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 107: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 108: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 109: Eastern Europe Market Value (US$ Million) Analysis by End User, 2019 to 2034
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Figure 111: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 112: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 113: Eastern Europe Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 114: Eastern Europe Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 115: Eastern Europe Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 116: Eastern Europe Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 117: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 118: Eastern Europe Market Attractiveness by End User, 2024 to 2034
Figure 119: Eastern Europe Market Attractiveness by Application, 2024 to 2034
Figure 120: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 121: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 122: South Asia and Pacific Market Value (US$ Million) by End User, 2024 to 2034
Figure 123: South Asia and Pacific Market Value (US$ Million) by Application, 2024 to 2034
Figure 124: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 125: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 126: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 127: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 128: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 129: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 130: South Asia and Pacific Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 131: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 132: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 133: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 134: South Asia and Pacific Market Volume (Units) Analysis by End User, 2019 to 2034
Figure 135: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 136: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 137: South Asia and Pacific Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 138: South Asia and Pacific Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 139: South Asia and Pacific Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 140: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 141: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 142: South Asia and Pacific Market Attractiveness by End User, 2024 to 2034
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Figure 144: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 145: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 146: East Asia Market Value (US$ Million) by End User, 2024 to 2034
Figure 147: East Asia Market Value (US$ Million) by Application, 2024 to 2034
Figure 148: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 149: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 150: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 151: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 152: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 153: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
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Figure 155: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 156: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 157: East Asia Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 158: East Asia Market Volume (Units) Analysis by End User, 2019 to 2034
Figure 159: East Asia Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 160: East Asia Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 161: East Asia Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 162: East Asia Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 163: East Asia Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 164: East Asia Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 165: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 166: East Asia Market Attractiveness by End User, 2024 to 2034
Figure 167: East Asia Market Attractiveness by Application, 2024 to 2034
Figure 168: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 169: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 170: Middle East and Africa Market Value (US$ Million) by End User, 2024 to 2034
Figure 171: Middle East and Africa Market Value (US$ Million) by Application, 2024 to 2034
Figure 172: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 173: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 174: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 175: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 176: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 177: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 178: Middle East and Africa Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 179: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 180: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 181: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2019 to 2034
Figure 182: Middle East and Africa Market Volume (Units) Analysis by End User, 2019 to 2034
Figure 183: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2024 to 2034
Figure 184: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2024 to 2034
Figure 185: Middle East and Africa Market Value (US$ Million) Analysis by Application, 2019 to 2034
Figure 186: Middle East and Africa Market Volume (Units) Analysis by Application, 2019 to 2034
Figure 187: Middle East and Africa Market Value Share (%) and BPS Analysis by Application, 2024 to 2034
Figure 188: Middle East and Africa Market Y-o-Y Growth (%) Projections by Application, 2024 to 2034
Figure 189: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 190: Middle East and Africa Market Attractiveness by End User, 2024 to 2034
Figure 191: Middle East and Africa Market Attractiveness by Application, 2024 to 2034
Figure 192: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
Current projections of the market indicate a valuation of USD 292.2 million in 2024.
Looking ahead to 2034, the current forecast projects a CAGR of 6.10% for the industry.
FMI predicts the market to reach USD 528.2 million by 2034.
The wireless transmission system (Bluetooth) segment is predicted to hold a significant market share during the forecast period.
China is predicted to offer lucrative opportunities for investors and stakeholders.
Eko Devices, eKuore, and Global Media Group LLC are powerful players in the industry.
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