Stethoscope Market Will Grow at a Steady Rate of 4.7% from 2014 to 2025: Grand View Research, Inc.
The global stethoscope market is expected to reach USD 522.6 million by 2025, according to a new report by Grand View Research, Inc. The global increase in cardiac and pulmonary diseases is likely to drive the market during the forecast period. Furthermore, increase in investments by key companies and government agencies for development and commercialization of various innovative, accurate, and improved frequency, easy-to-use stethoscopes is likely to drive the market. For instance, in October 2015, Rijuven Corporation launched a new FDA-approved device, CardioSleeve, for pediatric use with electrocardiography skills to convert any existing stethoscope into a smart mobile-connected device with digital auscultation, digital analysis, arrhythmia, or murmur, which can identify heart failure. Entry of various electronic stethoscopes in the market is likely to drive the segment at the fastest rate during the forecast period. In August 2015, Eko launched the first Androi...