Published by Uma Rajagopal
Posted on February 15, 2022
Increasing prevalence of cardiovascular and respiratory diseases, and other chronic conditions worldwide is primarily driving the smart stethoscope market. Smart stethoscope sales have been witnessing a boost since telehealth has attained pace recently amid the COVID-19 pandemic, which will remain an important factor supporting the expansion of smart stethoscope market. A new ongoing study of Fairfield Market Research suggests a healthy growth outlook for the global smart stethoscope landscape. The report would provide an in-depth overview of the market to reveal actionable insights into the same.
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Growing Significance of Remote Patient Monitoring Works to Advantage of Smart Stethoscope Market
It has become imperative to remotely monitor those patients who need constant attention. There has been an escalating demand for smart stethoscope, as well as other smart monitoring devices that aid in continuous monitoring of all their vital parameters. Greater need for products, services, and apps that facilitate the job of patient data collection, and monitoring is likely to continuously encourage adoption of smart stethoscopes according to the report. Considering its potential usage even in those areas that lack Internet connectivity, smart stethoscope is expected to win newer markets in the near future.
Telemedicine, and Telehealth Proliferation Bodes Well for Digital Stethoscopes
With deepening technology penetration in healthcare and medical industry, the industry’s ascending expenditure will continue to push the prospects of digital stethoscopes. The market will continue to gain significantly from the growing ubiquity of smartphones, and proliferation of smart devices in the world of medicine and healthcare delivery systems. Popularity of smart stethoscopes has further received a push since the onset of COVID-19 pandemic. Telehealth, and telemedicine have in fact witnessed such as high tide over the recent past that several globally leading brands are already planning huge investments in remote patient monitoring systems, and medical wearable devices. Cost efficiency of smart stethoscope further adds to is market attractiveness, thereby stimulating the market growth.
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Market to Benefit from Ongoing Research around Potential Functionalities of Smart Stethoscope
The acceptance of using a smartphone app with a stethoscope among physicians working at hospitals, clinics, and other facilities has been on the rise. This according to the report will be the key factor shaping up the future of digital stethoscope worldwide. However, a lot of work is afoot around their potential functionality as they currently are capable of detecting only the heart rate. Whereas physicians have been expecting these devices to be able to help them listen to the rate of blood flow and breathing as well. Increasing research around these potential areas is expected to act as a major booster to market expansion in future. Their accuracy is also an important area garnering research interest of late. With rising scope of penetration of digital stethoscopes in the smart wearable devices wave, the market is all set to flourish at a notable pace.
Key Market Players – Smart Stethoscope Space
3M, HD Medical, Inc., eKuore, Thinklabs, Eko Devices, Inc., Steth IO, Sonavi Labs, and M3DICINE Pty Ltd. are some of the major players driving competition in the global smart stethoscope market landscape.
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