Global Wireless Stethoscope Market Overview:
The wireless stethoscope is an enhanced medical device that is used from last recent years as there is a technological advancement in the market. The wireless device can be connected by Bluetooth application or by Wi-Fi applications and used further. It is available for both human and veterinary applications. It is a new innovative device, now Healthcare professionals no need to hang the stethoscope in their neck for 24 hrs will be another big advantage of the wireless stethoscope. It gives clear sound and avoids noise from the background. The only disadvantage is the device is the high-cost product and not affordable for every healthcare sector Some of the key players profiled in the study are Freedom Scope (United States), Think Labs (United States), Sedation Resource (United States), eKuore Pro (Spain), 3M Company (United States), M3DICINE Pty Ltd (Australia), Eko (United States), Cardionics (United States), GlobalMed (United States) and CDAC-Mohali (India).
On the basis of geography, the market of Wireless Stethoscope has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Patient Type, the sub-segment i.e. Human will boost the Wireless Stethoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Wireless Stethoscope market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Highly Demanded as there is No Need To Keep In Neck For a Long Time To Healthcare Professionals
- Highly Appreciated As It Requires Less Time To Give Readings
- No Extra Noise Obtained
- Growing Demand of Wi-Fi Based Device
- Requirement of Battery
- Requires Initial Training For Knowing The Device
- Rising Demand As It Is Easy To Handle
- Growing Use As There Is Availability Visual Display In (Some Models)
- Shortage of WiFi access and Bluetooth will disable the device
- High Cost Associated With Product
Major Market Developments:
On 2nd May 2019, 3M announced that it will be acquiring Acelity Inc, this acquisition will help the company expands its surgical wound care department.
On 26th February, GlobalMed announced that it will forecast the modified enhancement of its virtual health platform eNcounter introduce a backpack telehealth exam station, and serve a lighter, more affordable exam camera Enhancements to GlobalMed’s eNcounter., • It will enhance clinical data integration that facilitates the flow of portable virtual health. and • It will serve the Dynamic Integration Management Service (DIMS).
The advancement in technology, increasing the competition between top leading firms in the market to acquire more shares and profit in the market. For wireless technology in stethoscope, there are only a few companies that manufacturers this enhanced product top leading firms, therefore, they have strong competition between them.
Manufactures, Wholesaler/retailers/suppliers, Research institute, Educational institute, Potential investors, Hospitals sectors and Government sector
Major Objectives Focused through this Study
To define, describe, and forecast the Global Wireless Stethoscope market on the basis of product [Bluetooth Connect and WIFI Connect] , application [Teaching, Hospitals, Veterinary and Cardiology], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Wireless Stethoscope market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Wireless Stethoscope industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Wireless Stethoscope market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.