Feb. 01, 2023 (GLOBE NEWSWIRE) -- Persistence Market Research, a market research and competitive intelligence provider, analyses the demand for Smart Stethoscopes Market is anticipated to increase at a CAGR of 7.5% over the period of 2023 to 2033. The global Smart Stethoscope Market is worth more than US$ 57.6 Million at present. The Global Smart Stethoscope Market is expected to reach valuation of a US$ 118 Million over the coming ten years.
Hospitals commanded significant revenue as well as a CAGR of nearly 8%, during the forecast period. The market through the hospital sector is predicted to grow at a swift pace as doctors can simply monitor or record a patient's lung and heart sounds using the smart stethoscope and then integrate them into the hospital's electronic health record systems if required.
Traditional stethoscopes are being replaced with smart stethoscopes/electronic stethoscopes. Sound waves are converted into electronic impulses and amplified by smart stethoscopes for clear hearing. It is a simple, low-cost device that allows clinicians to get consistent clinical results. Smart stethoscopes are also becoming a popular option for home healthcare. These stethoscopes are used in the diagnosis of heart and lung disorders.
Smart stethoscopes, on the other hand, are more cost-effective, easy to use, and widely available for use by physicians and paramedical workers. This is a key aspect driving the worldwide smart stethoscope market forward.