Smart Stethoscopes Market - Global Industry Key Players, Share, Demand, Growth Opportunities - Analysis 2019 to 2024

Wiseguyreports.Com Publish New Market Research Report On -“Smart Stethoscopes Market 2019 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2024”

Intelligent Stethoscope (Smart Stethoscopes) Market 2019

As technology is advancing and all the gadgets becoming smarter and intelligent, Stethoscopes have also caught up with the trend. The stethoscope is the basic medical device used by doctors daily for primary cardiovascular examinations. The stethoscope was invented two hundred years ago by French Physician Rene’ Laennec. Since then, except for a few upgrades, the stethoscope hasn’t gone through a major change until recently.

Recently engineers, doctors, and public experts have collaborated to upgrade the current Stethoscopes that are overwhelming the market and the medicinal diagnosis scenario. The smart stethoscope has used active acoustics for noise cancellation, digital sensing technology for sound capture, and artificial intelligence to assist in the accurate diagnosis of pneumonia. It is thus capable of detecting cardiac and pulmonary disorders early on which is a commendable achievement in science.

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The doctors can now catch and comprehend all the subtle, practically inaudible sounds and diagnose more accurately. The intelligent stethoscope can also list sounds for remote diagnosis and teaching purposes.

The prized features of Smart Stethoscope are:
It can capture lung and heart sounds to 40x amplification
Ambient noise reduction feature
Precise placement on the body is not needed
Can capture cardiac and pulmonary disorders early
Can record the sounds and save them into an audio file, transferrable across platforms.
High quality and low-cost device
Noise filtering to remove background sounds and external microphones to capture other sounds and then remove them from the final recording.
Sound amplification, playback, recording, and visual representation of auscultated sounds.
Can identify pneumonia and other respiratory ailments at an accuracy of 87%

Global Stethoscope Market – the publishers of this report have recorded decreasing prices of the smart stethoscope from 209.3 USD/unit in 2013 to 202.8USD/unit in 2017. A further trend is also going to be a decreasing one until at-least five years until the global economy sees an upward journey. The report found that Europe stands at the second largest consumption market at a market share of 27% closely following North America at around 45% as in the year 2017. In all the Global Intelligent Stethoscope market will show an upward trend at a rate of 8.0% to reach 190 million USD in (2024) from 120 million USD in 2019.

The report segments the Smart Stethoscope global market by manufacturers, regions, type, and application. The study found region-wise global market players like North America, Europe and Asia-Pacific, South America, Middle East, and Africa. The report is presented in chapter d covers product scope, market dynamic, and overview, profiles of top manufacturers in terms of price, revenue, market share, competitive situation, sales market shares, the growth rate of each segment, and other important reports to help stakeholders reach winning strategies.

Market Segmentation
Global Stethoscope market is segmented in two products by their features or type. These are:
Wireless Stethoscope – sales are about 40%
Stethoscope with Wire

Market Segment by Applications:
Hospitals
Clinics and
Others

Market Analysis
The market was studied as per the regional dynamics and came up with below regional bifurcation:
North America
Europe
Asia-Pacific
South America
The Middle East and Africa

Industry Buzz
Meanwhile, AI is driving growth in healthcare industry and in future, patients and doctors will be using many new AI tools for care. According to Forbes, this disruption in healthcare will not take a long time. Deep learning, a variant of artificial intelligence is set to boost the growth.

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