Electronic Stethoscope Market

Electronic Stethoscope Market Outlook 2024 to 2034

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%

Electronic Stethoscope Market Trends

• New developments in electronic stethoscopes such as machine learning-enabled, AI-powered, and infrasound-listening are enhancing their effectiveness and thus the adoption in the global healthcare sector.
• The focus of the healthcare sector is shifting to “patient-centeredness”, which is raising growth opportunities for market players.
• Increasing applications of electric stethoscopes in the detection of peripartum cardiomyopathy is also contributing to the market growth.
• Growing popularity of the ‘visiting medical care’ concept is also propelling the demand for electronic stethoscopes.

Category-wise Analysis

Sales of Electronic Amplifying Stethoscopes are Expected to Overshadow Those of Digitizing Stethoscope

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
Value Share (2024)	64.20%

• Integration of external noise cancellation feature and their use with smartphones are also increasing the attractiveness of amplifying stethoscopes.
• Greater scope for the business of amplifying stethoscopes in emerging economies like South Korea, India, and China is also contributing to this segment’s growth.

Wireless Transmission System (Bluetooth) Enjoy Heightened Popularity in the Global Market

Leading Application	Wireless Transmission System (Bluetooth)
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.

• Rapid replacement of traditional stethoscopes with electronic ones is increasing its use in wireless transmission systems. Besides this, wide availability of Bluetooth technology is also facilitating the equipment to record and store the sound of heartbeat for effective evaluation.
• Rampant adoption of electronic stethoscopes is also supported by the surging demand for wireless technology that is compatible with Android devices as well as smartphones.

Electronic Stethoscope Demand Analysis by Country

Countries	Forecast CAGR (2024 to 2034)
United States	4.20%
Germany	6.00%
Japan	7.10%
China	12.40%
South Korea	8.80%

Key Players in the United States Develop Unique Offerings to Extend their Product Line

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.

Quest to Diminish the Occurrence and Frequency of Cardiac Diseases Boost the German Market

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.

China to Observe Robust Growth in the Electronic Stethoscope Marketspace

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.

Key Players in Japan Commit to Make Healthcare Services Accessible in the Country

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.

Increasing Integration of AI in the Electronic Stethoscopes to Propel South Korea Market

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.

Strategies Adopted by the Electronic Stethoscope Market Players

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

• In March 2024, Mass General Brigham Community Physicians’ Medical Director, Dr. Moshe Rancier, demonstrated how Eko SENSORA™ assists in helping detect and treat valvular heart disease.
• In May 2022, 3M™ Littmann® reported that its 3M™ Littmann® CORE Digital Stethoscope was recognized within the health category of 2022 Fast Company World Changing Ideas. The latter is a global awards program that recognizes products, companies, and initiatives that support innovation for the public welfare.
• In June 2023, Eko Health gained FDA clearance and released its artificial intelligence-based next-generation digital stethoscope that detects abnormal heart rhythms. This product release combines full-color display, high-fidelity audio, AI software, and 3-lead ECG.
• In April 2023, Medaica, which is a digital health firm that extends the capability of home diagnostics announced that Medaica M1 Telehealth Stethoscope (M1), which is the United States Food and Drug Administration (FDA)- cleared equipment, will be free of charge. The company will begin with qualifying strategic partners supporting underserved or rural patients with lung and chronic heart conditions.
• In November 2021, eMurmur, which is a technology partner for the global healthcare community, officially announced the first-ever open software platform for advanced digital auscultation, i.e., stethoscope technology. The product is now available in the United States. The product enhanced the screening for bowel, heart, and lung health accessible to hardware as well as telehealth providers throughout the United States.

Key Coverage in the Global Electronic Stethoscope Market Research Report

• Adjacent Study of Global Medical Electronic Stethoscopes Market, Industrial Electronic Stethoscope Market, Global Smart Stethoscope Market, Heart Sounds Sensors/Electronic Stethoscope Market, Artificially Intelligent Stethoscope Market
• Comprehensive List of Companies in the Electronic Stethoscope Market
• Europe Electronic Stethoscope Market Size

Enlisted Below are Some Top Market Players

• Eko Devices
• eKuore
• Global Media Group LLC
• 3M
• AD Instruments
• Thinklabs
• Meditech Equipment, Co. Ltd.
• Ambisea Technology Corp
• HD Medical Inc.
• Cardionics Inc.
• Others

Segmentation of the Global Market

By Product:

• Amplifying Stethoscopes
• Digitizing Stethoscopes

By End User:

• Hospitals
• Clinics
• Medical Institutes
• Ambulatory Surgical Centers
• Homecare Settings
• Medical Camps
• Catheterization Laboratories

By Application:

• Integrated Chest-Piece System
• Wireless Transmission System (Bluetooth)
• Integrated Receiver Head-Piece System
• Others

Different Regional Markets are as Follows:

• North America
• Europe
• Asia Pacific
• Middle East and Africa
• Latin America

Frequently Asked Questions

What is the Valuation of Electronic Stethoscope Market as of 2024?

Current projections of the market indicate a valuation of USD 292.2 million in 2024.

What is the Projected Adoption Rate of Electronic Stethoscope between 2024 and 2034?

Looking ahead to 2034, the current forecast projects a CAGR of 6.10% for the industry.

How Much Revenue this Industry is Expected to Generate by 2034?

FMI predicts the market to reach USD 528.2 million by 2034.

Which Application Segment Holds a Significant Market Share?

The wireless transmission system (Bluetooth) segment is predicted to hold a significant market share during the forecast period.

Which Countries Offer Growth Opportunities?

China is predicted to offer lucrative opportunities for investors and stakeholders.

Which Players in the Industry are Influential?

Eko Devices, eKuore, and Global Media Group LLC are powerful players in the industry.