Global Heart Murmur Devices Market Report and Forecast 2024-2032

Global Heart Murmur Devices Market Outlook

The global heart murmur devices market size is expected to grow at a CAGR of about 10.20% in the forecast period of 2024-2032, with the rising occurrence of heart diseases and technological advancements propelling the market.

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News and Developments in the Market

In November 2021, Rudolf Riester and eMurmur announced their collaboration for heart and lung auscultation development.  They aim to integrate Riester’s Ri-sonic digital stethoscope with eMurmur’s digital auscultation platform. This collaborative effort is to improve the ability to perform remote auscultation. Furthermore, this will allow the patients to get faster assessment, while removing the need to travel and unnecessary intervention.

In October 2021, the 3M Company and Thermo Fisher Scientific collaborated to improve the efficiency of commercial therapeutic manufacturing. The growing demand for protein-based therapeutics has led the companies to develop advanced technologies and solutions, which will support consistent manufacturing. This development in the company affected the overall development in healthcare, which indirectly propelled the heart murmur devices market.

In July 2021, Health Recovery Solutions (HRS) and Eko announced a partnership to integrate the HRS telehealth platform with Eko Duo.  It is an ECG and digital stethoscope to capture lung and heart sounds and ECG. This integration will allow the patients to monitor their cardiopulmonary function at home. It will also allow the platforms to improve their diagnosis, allowing the clinicians to capture the complex conditions in real-time.

Technological Developments, Growing Awareness, and Growing Adoption of AI are Among the Key Market Trends

Heart murmur is a sound that occurs due to an unstable blood flow within the heart. A murmur is an extra sound heard with the heartbeat, such as a ‘whoosh’ or a ‘slush’ caused by the turbulent flow. A heart murmur device is a digital stethoscope and hand-held echocardiography (HHE), which can evaluate patients with heart murmurs.

• The technological developments to launch new and improved products will help improve the diagnostic procedures. This would result in proper patient treatment.

• The increasing awareness for early diagnosis among people will help in the growth of the heart murmur devices market. With the approval of mobile-based diagnosis applications, clinicians and people are adopting handheld devices to monitor heart sounds.

• The growing adoption of AI-based services is a major market driver. It helps in screening and analysing heart murmurs with better precision. This development will help the clinicians to make better decisions for the patient.

Increasing Cases of Heart Disorders and the Rapid Technological Advancements are Providing Lucrative Opportunities for Growth

Increasing Prevalence of Heart Diseases

The increasing number of cardiac patients due to unhealthy lifestyles has propelled early diagnosis's importance. This growing awareness has increased the opportunities for the growth of heart murmur devices market value.

Technological Advancements

Artificial intelligence (AI) implementation in diagnostic services is rising significantly. Multiple monitoring devices using machine learning technology and biosensors have been developed to detect patients' pulmonary congestion and impending cardiac arrest.

Governments Implementing Favourable Policies

Governments around the world are introducing favourable health reimbursement plans. These plans will help the patients to go for diagnosis and treatment procedures without taking too much burden. The increased government funding will help develop new devices and act as a key driver for global heart murmur devices market.

Low Technology Penetration and Invasive Surgery Procedures to be the Major Challenges for the Market

Lack of Technological Penetration in the Developing Regions

The developing regions like Indonesia and Thailand, among others, are still lacking in terms of technology. This holds back the development of healthcare services, which reduces the number of people going for diagnosis.

Invasive Surgeries for Heart Disorders

The invasive surgery procedures can harm the patient financially, physically, and emotionally. Surgeries are a last resort for treatment, and they come with risks of failure. This is one of the major reasons why people do not go for a heart diagnosis, which is an impeding factor for the market growth.

Global Heart Murmur Devices Market Analysis

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Based on product type, the market can be segmented into diagnostic devices and treatment devices. The end-users of heart murmur devices in the market are hospitals, ambulatory surgical centres, and speciality clinics, among others.

The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa. The extensive EMR report provides a detailed assessment of the market based on Porter's five forces model and a SWOT analysis.

The report comprehensively analyses key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• TeleSensi

• The 3M Company

• Eko Devices Inc.

• Acarix AB

• eMurmur

• Others

The Product Types in the Heart Murmur Devices Market Include Diagnostic Devices and Treatment Devices

Based on product types, the market segments include diagnostic devices and treatment devices. Diagnostic and treatment devices are increasing in demand due to the growing prevalence of heart diseases. The diagnostic device segment has experienced the most development, with handheld devices being widely adopted by clinicians and patients.

This is due to the rising awareness for early diagnosis. Companies are utilizing AI to better analyse the patient’s condition. The devices in the market include digital stethoscopes, echocardiograms, and X-Ray.

The digital stethoscopes allow clear and crisp recording of the sounds of organs, converting acoustic sounds into digital sounds. This conversion allows clinicians to store the sound in personal computers and mobiles, which can then be shared with other devices and doctors.

Handheld echocardiography is a newer innovation for diagnosis. It is seeing growth as it is very easy to carry. They are proficient at detecting cardiac disorders and can be utilized in multiple clinical settings.

Heart Murmur Devices Find End-Uses in Hospitals, Ambulatory Surgical Centres, and Speciality Clinics

Based on end-uses, the users in the market include hospitals, ambulatory surgical centres, and speciality clinics, among others. Hospitals are increasing the implementation of advanced heart murmur devices.

This step will allow early diagnosis of any heart disorders, and with the AI-powered services, the clinicians can better analyse the disorder. Hospitals have also started to utilise digital devices to teach cardiac auscultation. This will significantly help the heart murmur devices market growth.

Ambulatory surgical centres have made it crucial to carry portable diagnostic devices. This regulation will help in the early diagnosis of a patient's condition and increase the survival rates in cases of emergency.

Speciality clinics are the leading users of heart murmur devices as they specifically work for a certain field. Heart speciality centres will have proper equipments and clinicians trained for diagnosis of heart disorders and its treatments.

The Regional Outlook for Heart Murmur Devices Market

North America is leading the global market for heart murmur devices, with Asia Pacific showing significant growth. The rapid development of the heart murmur devices market can be attributed to the rising prevalence of cardiac disorders.

North America is likely to lead the global market in the coming years as well. This can be attributed to the early adoption of a sedentary lifestyle, increasing popularity of junk food, and rising prevalence of heart diseases.

The established healthcare infrastructure allows clinics and hospitals to adopt advanced devices. The utilisation of AI and digital devices is likely to aid the heart murmur devices market development remarkably.

The Asia Pacific region is developing rapidly in all sectors. The government has increased its focus on healthcare infrastructure development, especially after the COVID-19 pandemic. Collaborative efforts between companies and governments are being made for research and development to launch new products.

China and India are among the most populous countries in the world. With the rising spending power and awareness among people, there are promising opportunities for global heart murmur devices market expansion.

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Competitive Landscape

TeleSensi is a cloud-based cardiac care solution that provides access to necessary diagnostic services for heart, lung, or bowel auscultation. It is an artificial intelligence-based murmur detection. The web-based service has made it possible to live stream heart and lungs sound over vast distances.

The 3M company is an American company working for industry products, customer goods, and healthcare, among others. The 3M in its name stands for Minnesota Mining and Manufacturing. They provide digital stethoscopes to clinicians to perform heart and lung auscultation. They are more commonly known for manufacturing insulation, cleaning supplies, electrical components, and tapes and adhesives, among others.

Eko Devices Inc. is a digital healthcare company creating digital stethoscopes and AI-integrated digital tools to detect and diagnose heart and lung diseases. They also provide smartphone-based applications to record heart murmurs and share it with clinicians and healthcare professionals.

Acarix AB is a healthcare technology development company focused on manufacturing cardiac monitoring devices. The company has developed a system for the early diagnosis of coronary artery disease. The diagnosis is done by recording the heart murmurs.

eMurmur is a healthcare technology company that provides a platform for auscultation. They are a market leader in AI-powered auscultation, allowing doctors to screen and analyse lung, heart, and bowel movements. The service can be utilised on desktop and mobile. They received FDA approval for eMurmur ID, a cloud platform aiming to help doctors and clinicians with consistent heart screening.

Key Highlights of the Report