Electronic Stethoscope Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Electronic Stethoscope Market Analysis

The electronic stethoscope market studied is expected to grow with an anticipated CAGR of 5.1% during the forecast period.

COVID-19 had a significant impact on the growth of the market during the pandemic period. The COVID-19 outbreak increased the demand for electronic stethoscopes. For instance, Thinklabs One, an electronic stethoscope, was launched in May 2020 to keep healthcare professionals safe during the pandemic. Because auscultation of the lungs was generally the first procedure used to determine whether the lungs were infected with COVID-19 or not, there has been an increase in demand for stethoscopes among end-users ranging from physicians to hospitals or home care providers.This triggered a sudden surge in the market for stethoscopes, creating numerous prospects for market players. In addition, the market growth is stabilizing in the current scenario after COVID-19 as the worldwide restrictions have eased and the disease screening services have been resumed.

The features of the electronic stethoscope, such as variable amplification of sound, minimal interference from noise, and the ability to capture signals for visualization and storage, have provided a lucrative opportunity for the tremendous growth of the electronic stethoscope market.

The increase in the global geriatric population, the high prevalence of cardiovascular and pulmonary diseases, rising demand for teleconsultation, and advancements in the technology for sophisticated medical devices are the major drivers of the growth of the global electronic stethoscope market. According to the data published by the United Nations Department of Economic and Social Affairs in its Population Report: World Population Prospects published in 2022, the global population aged 65 years or older is projected to rise from 771 million in 2022 to 1.6 billion in 2050. Such a rising geriatric population creates the need for an electronic stethoscope, as the geriatric population is at high risk of various chronic diseases that would require an electronic stethoscope for this population.

Moreover, according to CDC data updated in February 2022, the percentage of adults who had a visit with a doctor or other health care professional in the United States was 83.4% in 2020. The number of visits in the United States was 860.4 million, and the percentage of visits made to primary care physicians was 51.2%. Therefore, the increase in average patient visits to physicians is also expected to drive the market during the forecast period.

Furthermore, in November 2021, eMurmur, a technology partner to the global healthcare community, launched the world's first open software platform for advanced digital auscultation (stethoscope technology) available in the United States. Such launches also propel the growth of the market.

Given these key factors, the electronic stethoscope market is anticipated to surge over the forecast period. However, interference with other electronic devices and the high cost of devices are expected to restrain the growth of the market during the forecast period.

Electronic Stethoscope Market Trends

This section covers the major market trends shaping the Electronic Stethoscope Market according to our research experts:

The Wireless Transmission System is Expected to Occupy a Significant Share in the Electronic Stethoscope Market Over the Forecast Period

Electronic Stethoscope Industry Segmentation

As per the scope of the report, electronic stethoscopes convert the acoustic sound waves obtained from the body into electrical signals, which are then amplified and processed for optimal listening and diagnosis. The electronic stethoscopes are accompanied by computer-aided auscultation programs and software that help in recording and visualizing the sounds for precise and early diagnosis of the disease condition. The electronic stethoscope market is segmented by product (amplified electronic stethoscopes and digital electronic stethoscopes), technology (integrated chest-piece system, wireless transmission system, and integrated receiver head-piece system), end user (hospitals and clinics, ambulatory surgery centers, and others), and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.