High burden of chronic disease is surging the growth of the stethoscope market

 

Stethoscope Market

The stethoscope is used for different medical procedures for hearing and listening to the heartbeat. The stethoscope has two main parts: the probe, which is attached to the earpieces and the mask, which sits on the stethoscope base. With the help of these two parts, a doctor can clearly hear all the different noises produced inside the body. Stethoscopes are highly important in the detection of heart problems and lung infections. Even though stethoscopes can be found in hospitals

The growing prevalence of the chronic disease is a key factor driving the growth of the stethoscope market. The stethoscope has been used by doctors for decades and it plays a crucial role in monitoring the overall function of the body. The rise in prevalence of the cardiovascular and pulmonary disease is again fueling the growth of the stethoscope market. According to the World Health Organization, around 65 million people suffer from chronic obstructive pulmonary disease (COPD), and 3 million die from it each year, making it the third leading cause of death worldwide. About 334 million people suffer from asthma, the most common chronic disease of childhood affecting 14% of all children globally. Moreover, the growing geriatric population around the globe is again increasing the prevalence of chronic disease which is further augmenting the growth of the stethoscope market.

North America is projected to gain significant growth over the forecast period and this is attributed to the high burden of chronic disease in the region. According to the National Health Council, chronic diseases affect around 133 million Americans, representing more than 40% of the total population of this country.2 By 2020, that number is projected to grow to an estimated 157 million, with 81 million having multiple conditions.

Key Developments:

1.  1.  In October 2018, eKuore has launched eKuore ONE, the interface for stethoscopes that digitalizes and records the auscultation sound through smartphones or tablets at MEDICA Trade Fair

2.  2.   In April 2020, a team at the Indian Institute of Technology of Bombay (IIT-B) has developed a “smart stethoscope” that can listen to heartbeats from a distance and record them, minimizing the risk of healthcare professionals contracting the novel coronavirus from patients.

3.      In November 2019, Eko, a digital health company with an AI-powered cardiac screening platform has announced the launch of the second generation of its CORE product line. This technology features powerful amplification and active noise cancellation that enables doctors and nurses to hear heart and lung sounds with greater clarity

4.      In November 2020, AseptiScope™ announces the US Launch of The DiskCover™ System, the First Touch-Free Stethoscope Barrier Dispensing System to Protect Patients from Pathogen Exposure


Location: India

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