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The digital stethoscope industry is competitive in nature, with several large multinationals and small and mid-sized companies competing in the industry. The development and launch of novel advanced products based on different technologies is among a key market strategy.
Some of the eminent market participants operating in the digital stethoscope industry include:
Digital stethoscope market from the digitalization stethoscope segment is projected to amass USD 225.3 million in revenue by 2032 owing to the expansion of telemedicine and remote patient monitoring practices.
Market size for digital stethoscope reached USD 248.3 million in 2023 and is set to expand at 5.9% CAGR from 2024-2032 owing to the rising prevalence of conditions like heart-related disorders, lung disease, and diabetes.
North America market generated USD 82.7 million in revenue in 2023 and is set to exhibit robust growth through 2032 due to the presence of a robust healthcare infrastructure and growing investments in healthcare technologies in the region
Some of the prominent digital stethoscope companies are 3M Company, Ayu Devices, Contec Medical Systems, Eko Health Inc., Ekuore, FarmaSino Pharmaceuticals, GS Technology Co., Ltd, Medline Industries Inc., Rudolf Riester Gmb, and Think Labs Medical LLC