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Smart Stethoscope Market Share, Size, Trends, Industry Analysis Report, By Application; By End-Use; By Region; Segment Forecast, 2021 - 2028

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    Report

  • 111 Pages
  • October 2021
  • Region: Global
  • Polaris Market Research
  • ID: 5534131
The global smart stethoscope market size is expected to reach USD 78.3 million by 2028 according to a new study. The report “Smart Stethoscope Market Share, Size, Trends, Industry Analysis Report, By Application (Cardiovascular, Neonatal, Pediatric, Fetal, Teaching, Others); By End-Use; By Region; Segment Forecast, 2021 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.

With the advent of advanced technologies like AI-enabled stethoscopes, the healthcare industry is gaining traction. The growing R&D investments in the healthcare sector and the surging prevalence of cardiovascular diseases are escalating the demand for smart stethoscopes. However, dearth of skilled professionals and high costs may hamper the growth of the market. Whereas, the increasing healthcare infrastructure in emerging and emerged countries along with the growing demand for smart and advanced equipment in healthcare industry is creating a lucrative growth opportunity for the industry.

The surging respiratory, cardiovascular, and heart-related disease propels the demand for smart stethoscopes. According to the American Heart Association, in 2015, nearly 102.7 million (41.5 %) of the - U.S population were suffering from cardiovascular disease (CVD) condition, and it is expected that by 2035, around 131.2 million (45 %) of the overall - U.S residents will have cardiovascular disease. Moreover, several government initiatives have demonstrated rising government concerns for NCDs and CVDs, which will boost the industry growth during the forecast period.

North America would be the leading region in terms of revenue, owing to the rising prevalence of cardiovascular diseases such as heart attack and stroke and well-developed government and public healthcare organizations. Moreover, Asia-Pacific is anticipated to hold the highest growth rate over the forecasted period due to the rising geriatric population in most Asian countries.

Major players including 3M, American Diagnostics, Cardionics, CliniCloud, Dongjin Medical, Eko Devices, eKuore, HD Medical, Inc, M3DICINE Pty Ltd, SMART SOUND, Sonavi Labs, Steth IO, Thinklabs, Welch Allyn, Inc., and others are operating in the global market.

Market players are relying on strategic alliances to better cater the need of the growing industry. For instance, in June 2021, HD Medical announced a distribution partnership with Stethoscope.com for its flagship product, HD Steth, on an online platform. In the same month, 3M and EKO launched 3M Littmann CORE Digital Stethoscope in Europe. To meet the demand of digital technology for development of this stethoscope, 3M entered into a collaboration with EKO digital innovations.

The publisher has segmented the smart stethoscope market report on the basis of application, end-use, and region:


Smart Stethoscope, Application Outlook (Revenue - USD Million, 2016 - 2028)


  • Cardiovascular
  • Neonatal
  • Pediatric
  • Fetal
  • Teaching
  • Others

Smart Stethoscope, End-Use Outlook (Revenue - USD Million, 2016 - 2028)


  • Hospitals
  • Clinics
  • Ambulatory Surgical Centers (ASCs)

Smart Stethoscope, Regional Outlook (Revenue - USD Million, 2016 - 2028)


  • North America
  • U.S
  • Canada
  • Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Austria
  • Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
  • Central & South America
  • Mexico
  • Brazil
  • Argentina
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa
Frequently Asked Questions about the Smart Stethoscope Market

What is the estimated value of the Smart Stethoscope Market?

The Smart Stethoscope Market was estimated to be valued at $46 Million in 2021.

What is the growth rate of the Smart Stethoscope Market?

The growth rate of the Smart Stethoscope Market is 6.9%, with an estimated value of $78.3 Million by 2028.

What is the forecasted size of the Smart Stethoscope Market?

The Smart Stethoscope Market is estimated to be worth $78.3 Million by 2028.

Who are the key companies in the Smart Stethoscope Market?

Key companies in the Smart Stethoscope Market include 3M, American Diagnostics, Cardionics, CliniCloud, Dongjin Medical, Eko Devices, eKuore, HD Medical Inc, M3DICINE Pty Ltd and SMART SOUND.

Table of Contents

1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Smart Stethoscope Market Insights
4.1. Smart Stethoscope Market - Industry snapshot
4.2. Smart Stethoscope Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Emergence of digital technologies
4.2.1.2. Rise in respiratory diseases
4.2.2. Restraints and Challenges
4.2.2.1. High cost of electronic/ smart stethoscopes
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Smart Stethoscope Market Industry trends
4.6. COVID-19 Impact Analysis
5. Global Smart Stethoscope Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
5.3. Cardiovascular
5.3.1. Global Cardiovascular Market, by Region, 2016 - 2028 (USD Million)
5.4. Neonatal
5.4.1. Global Neonatal Market, by Region, 2016 - 2028 (USD Million)
5.5. Pediatric
5.5.1. Global Pediatric Market, by Region, 2016 - 2028 (USD Million)
5.6. Fetal
5.6.1. Global Fetal Market, by Region, 2016 - 2028 (USD Million)
5.7. Teaching
5.7.1. Global Teaching Market, by Region, 2016 - 2028 (USD Million)
5.8. Others
5.8.1. Global Others Market, by Region, 2016 - 2028 (USD Million)
6. Global Smart Stethoscope Market, by End-Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
6.3. Hospitals
6.3.1. Global Smart Stethoscope Market, by Hospitals, by Region, 2016 - 2028 (USD Million)
6.4. Clinics
6.4.1. Global Smart Stethoscope Market, by Clinics, by Region, 2016 - 2028 (USD Million)
6.5. Ambulatory Surgical Centers (ASCs)
6.5.1. Global Smart Stethoscope Market, by Ambulatory Surgical Centers (ASCs), by Region, 2016 - 2028 (USD Million)
7. Smart Stethoscope Market Assessment by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Smart Stethoscope Market Assessment, By Geography, 2016 - 2028 (USD Million)
7.3. Smart Stethoscope Market - North America
7.3.1. North America: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.3.2. North America: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.3.3. Smart Stethoscope Market - U.S.
7.3.3.1. U.S.: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.3.3.2. U.S.: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.3.4. Smart Stethoscope Market - Canada
7.3.4.1. Canada: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.3.4.2. Canada: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4. Smart Stethoscope Market - Europe
7.4.1. Europe: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.2. Europe: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4.3. Smart Stethoscope Market - UK
7.4.3.1. UK: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.3.2. UK: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4.4. Smart Stethoscope Market - France
7.4.4.1. France: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.4.2. France: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4.5. Smart Stethoscope Market - Germany
7.4.5.1. Germany: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.5.2. Germany: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4.6. Smart Stethoscope Market - Italy
7.4.6.1. Italy: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.6.2. Italy: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4.7. Smart Stethoscope Market - Spain
7.4.7.1. Spain: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.7.2. Spain: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4.8. Smart Stethoscope Market - Netherlands
7.4.8.1. Netherlands: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.8.2. Netherlands: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.4.9. Smart Stethoscope Market - Austria
7.4.9.1. Austria: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.4.9.2. Austria: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.5. Smart Stethoscope Market - Asia Pacific
7.5.1. Asia Pacific: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.5.2. Asia Pacific: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.5.3. Smart Stethoscope Market - China
7.5.3.1. China: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.5.3.2. China: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.5.4. Smart Stethoscope Market - India
7.5.4.1. India: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.5.4.2. India: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.5.5. Smart Stethoscope Market - Malaysia
7.5.5.1. Malaysia: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.5.5.2. Malaysia: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.5.6. Smart Stethoscope Market - Japan
7.5.6.1. Japan: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.5.6.2. Japan: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.5.7. Smart Stethoscope Market - Indonesia
7.5.7.1. Indonesia: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.5.7.2. Indonesia: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.5.8. Smart Stethoscope Market - Australia
7.5.8.1. Australia: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.5.8.2. Australia: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.6. Smart Stethoscope Market - Middle East & Africa
7.6.1. Middle East & Africa: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.6.2. Middle East & Africa: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.6.3. Smart Stethoscope Market - Saudi Arabia
7.6.3.1. Saudi Arabia: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.6.3.2. Saudi Arabia: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.6.4. Smart Stethoscope Market - UAE
7.6.4.1. UAE: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.6.4.2. UAE: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.6.5. Smart Stethoscope Market - Israel
7.6.5.1. Israel: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.6.5.2. Israel: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.6.6. Smart Stethoscope Market - South Africa
7.6.6.1. South Africa: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.6.6.2. South Africa: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.7. Smart Stethoscope Market - Latin America
7.7.1. Latin America: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.7.2. Latin America: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.7.3. Smart Stethoscope Market - Mexico
7.7.3.1. Mexico: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.7.3.2. Mexico: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.7.4. Smart Stethoscope Market - Brazil
7.7.4.1. Brazil: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.7.4.2. Brazil: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
7.7.5. Smart Stethoscope Market - Argentina
7.7.5.1. Argentina: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
7.7.5.2. Argentina: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. 3M
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. End-Use Benchmarking
9.1.4. Recent Development
9.2. American Diagnostics
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. End-Use Benchmarking
9.2.4. Recent Development
9.3. Cardionics
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. End-Use Benchmarking
9.3.4. Recent Development
9.4. CliniCloud
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. End-Use Benchmarking
9.4.4. Recent Development
9.5. Dongjin Medical
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. End-Use Benchmarking
9.5.4. Recent Development
9.6. Eko Devices
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. End-Use Benchmarking
9.6.4. Recent Development
9.7. eKuore
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. End-Use Benchmarking
9.7.4. Recent Development
9.8. HD Medical Inc
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. End-Use Benchmarking
9.8.4. Recent Development
9.9. M3DICINE Pty Ltd
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. End-Use Benchmarking
9.9.4. Recent Development
9.10. SMART SOUND
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. End-Use Benchmarking
9.10.4. Recent Development
9.11. Sonavi Labs
9.11.1. Company Overview
9.11.2. Financial Performance
9.11.3. End-Use Benchmarking
9.11.4. Recent Development
9.12. Steth IO
9.12.1. Company Overview
9.12.2. Financial Performance
9.12.3. Service Benchmarking
9.12.4. Recent Development
9.13. Thinklabs
9.13.1. Company Overview
9.13.2. Financial Performance
9.13.3. Service Benchmarking
9.13.4. Recent Development
9.14. Welch Allyn Inc.
9.14.1. Company Overview
9.14.2. Financial Performance
9.14.3. Service Benchmarking
9.14.4. Recent Development
List of Tables
Table 1. Global Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 2. Global Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 3. Smart Stethoscope Market Assessment, By Geography, 2016 - 2028 (USD Million)
Table 4. North America: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 5. North America: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 6. U.S.: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 7. U.S.: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 8. Canada: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 9. Canada: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 10. Europe: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 11. Europe: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 12. UK: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 13. UK: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 14. France: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 15. France: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 16. Germany: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 17. Germany: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 18. Italy: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 19. Italy: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 20. Spain: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 21. Spain: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 22. Netherlands: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 23. Netherlands: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 24. Austria: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 25. Austria: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 26. Asia Pacific: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 27. Asia Pacific: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 28. China: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 29. China: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 30. India: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 31. India: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 32. Malaysia: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 33. Malaysia: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 34. Japan: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 35. Japan: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 36. Indonesia: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 37. Indonesia: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 38. South Korea: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 39. South Korea: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 40. Middle East & Africa: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 41. Middle East & Africa: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 42. Saudi Arabia: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 43. Saudi Arabia: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 44. UAE: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 45. UAE: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 46. Israel: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 47. Israel: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 48. South Africa: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 49. South Africa: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 50. Latin America: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 51. Latin America: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 52. Mexico: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 53. Mexico: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 54. Brazil: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 55. Brazil: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
Table 56. Argentina: Smart Stethoscope Market, by End-Use, 2016 - 2028 (USD Million)
Table 57. Argentina: Smart Stethoscope Market, by Application, 2016 - 2028 (USD Million)
List of Figures
Figure 1 Global Smart Stethoscope Market, 2016 - 2028 (USD Million)
Figure 2 Integrated Ecosystem
Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
Figure 4 Market by Geography
Figure 5 Porter’s Five Forces
Figure 6 Market by End-Use
Figure 7 Global Smart Stethoscope Market, by End-Use, 2020 & 2028 (USD Million)
Figure 8 Market by Application
Figure 9 Global Smart Stethoscope Market, by Application, 2020 & 2028 (USD Million)
Figure 10 Smart Stethoscope Market Assessment, By Geography, 2016 - 2028 (USD Million)
Figure 11 Strategic Analysis - Smart Stethoscope Market

Companies Mentioned

  • 3M
  • American Diagnostics
  • Cardionics
  • CliniCloud
  • Dongjin Medical
  • Eko Devices
  • eKuore
  • HD Medical Inc
  • M3DICINE Pty Ltd
  • SMART SOUND
  • Sonavi Labs
  • Steth IO
  • Thinklabs
  • Welch Allyn Inc.