About Intelligent Stethoscope
With vigorous development of integration between IOT device and biomedical electronics, there are various medical intelligence products gradually being applied into the worldwide medical system. Intelligent Stethoscope provide the function which can quantify and visualize Heart sounds and ECG. It also provides the referable diagnosis fact that can be observed on computers or mobile apps. As technology is advancing and every one the gadgets becoming smarter and intelligent, Stethoscopes have also trapped with the trend. The stethoscope is that the basic medical device employed by doctors daily for primary cardiovascular examinations.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Intelligent Stethoscope market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M Littmann (United States), Thinklabs (United States), Welch Allyn (United States), American Diagnostics (United States), Cardionics (United States), Eko Devices (United States), EKuore (Spain), HD Medical (United States), Hill-Rom (United States), Medi-Stim ASA (Norway) and CliniCloud (Australia) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are CoverMyMeds (United States), McKesson Connect (United States) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Intelligent Stethoscope market by Type (Wired Stethoscope and Wireless Stethoscope) and Region.
On the basis of geography, the market of Intelligent Stethoscope has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Technology, the sub-segment i.e. Digital will boost the Intelligent Stethoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Intelligent Stethoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-Use, the sub-segment i.e. Hospitals will boost the Intelligent Stethoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Demand of Wi-Fi Based Device
Market Growth Drivers:
Increasing Demand as there is No Need to Keep in Neck for a Long Time to Healthcare Professionals and Highly Appreciated As It Requires Less Time to Give Readings
Challenges:
High Cost Associated With Product.
Restraints:
The Dearth of Skilled Professionals for Using Technologically Advanced Stethoscopes and Low Awareness among Healthcare Professionals
Opportunities:
Government Initiatives are Likely to Boost the Market and Many Manufacturers Focus on Developing Stethoscope with Enhanced Acoustics
Market Leaders and their expansionary development strategies
In May 2022, 3M Littmann announced its 3M Littmann CORE Digital Stethoscope received honorable mention accolades in the health category of the 2022 Fast Company World Changing Ideas global awards program recognizing companies, products and initiatives that support innovation for the public good and tackle social inequality, climate change and public health crises.
In June 2023, Eko Health, a leading innovator in digital health technology for heart and lung disease detection, announced the launch of its next-generation digital stethoscope, CORE 500. The CORE 500™ Digital Stethoscope represents over 10 years of pioneering the industry of digital auscultation (listening to heart, lung, and body sounds). Engineered to enhance diagnostic accuracy and early disease detection, the CORE 500™ combines artificial intelligence (AI) software, high-fidelity audio experience, full-color display, and 3-lead electrocardiogram (ECG) to deliver an essential patient assessment tool for healthcare professionals (HCPs).
Key Target Audience
Manufacturers of Intelligent Stethoscope, Suppliers of Intelligent Stethoscope, Wholesalers, Distributors and Retailers of Intelligent Stethoscope, Healthcare Industry and Governmental Bodies
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.