For instance, according to the WHO, heart disease remains the major cause of death in most countries around the world, with 17.9 million people dying each year as a result of cardiovascular diseases. The rising prevalence of heart-related diseases and various respiratory illnesses such as asthma, acute bronchitis, cystic fibrosis, and emphysema is propelling the market growth. This factor is anticipated to be one of the high growth rendering factors for the overall market.
This number is estimated to double to 1.5 billion in 2050. As per the CDC, it has been recognized that people aged above 65 years are at a higher risk of developing severe health problems such as heart diseases, common cold and flu, asthma, chronic obstructive pulmonary disease, and other conditions.Īccording to the World Ageing 2019 report, it is estimated that there were about 703.0 million people aged 65 years or over globally in 2019. This has triggered a sudden surge in the market for stethoscopes, creating numerous prospects for market players.Īn increase in the geriatric population has driven the demand for advanced stethoscopes for the primary diagnosis of numerous chronic health ailments. Since auscultation of the lungs is generally the first procedure to determine whether the lungs are infected with COVID-19 infection or not, there has been an increased demand for stethoscopes among the end-users, ranging from physicians to hospitals or home care providers. This period has also witnessed the implementation and use of telemedicine & telehealth platforms, as well as wearable devices, as part of current standards of care in many healthcare facilities to avoid the risk of cross-contamination.įor instance, Thinklabs One, an electronic stethoscope, was recently launched to keep healthcare professionals safe during this pandemic. Amidst the pandemic, digital stethoscopes witnessed a major upswing in popularity and novelty. Moreover, the outbreak of COVID-19 in 2020 has drastically increased the demand for modern digitized stethoscopes globally.
#HALMA GDP GLASSDOOR BLUETOOTH#
In addition, the adoption of technologically advanced products featuring Bluetooth connectivity with digital wireless hearing aids and stethoscope apps on smartphones, and various government initiatives are a few more factors contributing to the growth of the market. Rising instances of cardiovascular & respiratory diseases and the growing aging population are major factors expected to drive the market. The global stethoscope market size was valued at USD 569.61 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 5.9% from 2022 to 2030.
0 kommentar(er)
