"Designing Growth Strategies is in our DNA"
A heart murmur is a sound that occurs due to turbulent blood flow within the heart. There are two types of murmur, harmless or innocent murmur, and abnormal murmur. Abnormal murmur is indicative of abnormal functioning of the heart or heart valves or issues related to the structure of the heart. Abnormal heath murmurs are caused due to congenital heart diseases, valve stenosis, valve regurgitation endocarditis, rheumatic fever, and others. The heart murmur can be detected by electrocardiogram (ECG), chest X-ray, echocardiogram and cardiac catheterization. Recently, software is also launched for the detection of heart murmurs which is expected to boost the heart murmur devices industry. For example, May 2019, eMurmur received FDA approval for eMurmur ID, a solution which operates with electronic stethoscope and can differentiate between innocent and abnormal heart murmur using artificial intelligence. Balloon valvuloplasty, heart valve replacement, and annuloplasty are the surgical methods usually employed for the treatment of abnormal heart murmurs.
Key Market Driver -
Rising prevalence of heart diseases, favourable health reimbursement
Key Market Restraint -
Complications associated with the use of devices such as annuloplasty rings or catheters
Global heart murmur devices market growth is being driven by the rising prevalence of heart diseases, rapid adoption of sedentary lifestyles, increasing aging population, and favorable health reimbursement. Furthermore, growing awareness regarding early diagnosis of heart diseases and technological advancements leading to the introduction of heart murmur detection devices and software are also major factors that are anticipated to fuel the global heart murmur devices market. For example, in November 2018, eKuore announced the launch of a digital interface named eKuore ONE for digital stethoscopes that records heart sound using tablets or smartphones.
On the other hand, invasive surgery for the treatment of heart murmur, complications associated with the use of devices such as annuloplasty rings or catheters and stringent government regulations are the factors that can restrain the growth in global heart murmur devices market.
The major companies covered in the global heart murmur devices market report include SensiCardiac, eMurmur, Medtronic, 3M, B. Braun Melsungen AG, Mitralign Inc., Cardiac Dimensions Pty Ltd., Abbott, Teleflex Incorporated, Boston Scientific Corporation, Eko Health Inc., and other players.
As per the current heart murmur devices market trends, diagnostic devices segment among the product is anticipated to account for maximum market share in the global heart murmur devices market during the forecast period owing to increased demand for heart murmur detection devices, technological advancements and rising prevalence of heart diseases.
Geographically, the global heart murmur devices market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is anticipated to dominate the global heart murmur devices market over the forecast period owing to the rapid adoption of a sedentary lifestyle, increased demand for early diagnostic diseases, and rising prevalence of heart diseases. According to the Centers for Diseases Control and Prevention, 28.2 million adults in the U.S. were diagnosed with heart diseases in 2017, which is expected to favor the expansion of heart murmur devices market in North America. Favorable health reimbursement, active government support, and new product approvals are primary factors projected to augment the heart murmur devices market in Europe.
To gain extensive insights into the market, Request for Customization
In June 2019, eMurmur received CE mark form the European Commission for eMurmur ID, a solution for the detection of abnormal heart murmur, which is anticipated to increase the demand heart murmur devices in Europe. Asia Pacific is expected to register a remarkable growth in the global heart murmur devices market due to the increasing aging population, huge patient pool and increase in number of cardiac surgeries. In Latin America and Middle East and Africa, the heart murmur devices market is likely to flourish during the forecast period owing to the increased awareness regarding heart disease and treatment, gradual rise in number of cardiologist, and improving healthcare infrastructure.
By End User
Heart Murmur Devices Industry Developments
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry