The Renal Denervation Devices Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).
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The Renal Denervation Devices Global Market Report 2024 by The Business Research Company indicates an exponential growth trajectory in the renal denervation devices market. From $0.42 billion in 2024, it is poised to reach $0.57 billion, boasting a remarkable compound annual growth rate (CAGR) of 35.1%. This surge in the historic period stems from escalated hypertension cases, extensive clinical research, heightened cardiovascular diseases prevalence, initial FDA approvals, and evolving regulatory landscapes, facilitating market entry of renal denervation systems.
Forecasts unveil an even more promising future, with the renal denervation devices market anticipated to burgeon to $1.73 billion by 2028, propelled by a 32.3% CAGR. This growth trajectory finds roots in a patient-centric approach, healthcare infrastructure advancements, heightened awareness and acceptance, a surge in minimally invasive therapies, and the advent of new devices. Noteworthy trends include the integration of artificial intelligence (AI) and machine learning, regulatory landscape transformations, a pivot towards minimally invasive procedures, a focus on clinical evidence, and the integration of remote monitoring and telehealth.
Increased prevalence of hypertension is expected to drive the growth of the renal denervation devices market growing forward. Hypertension, also known as high blood pressure, is a condition in which the force of blood flowing through the blood vessels is consistently too high. Renal denervation is a catheter-based procedure that has emerged as a potential therapeutic option for patients with resistant hypertension. Renal denervation is a minimally invasive, investigational procedure to treat hypertension that hasn’t responded to medication. For instance, in January 2024, according to a report published by the Mississippi State Department of Health, a US-based Mississippi state health agency, nearly 1 million adult Mississippians (43.9%) had high blood pressure as of the year 2021. In 2021, MS had a prevalence of hypertension that was 36.3% higher than the US average (MS: 43.9%, US: 32.2%). Therefore, the increased prevalence of hypertension will promote the growth of the renal denervation devices market.
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The renal denervation devices market covered in this report is segmented –
1) By Product: Simplicity Renal Denervation System, EnligHTN, Vessix Renal Denervation System, Iberis Renal Sympathetic Denervation System, Paradise Renal Denervation System, Other Products
2) By Technology: Radio Frequency Ablation, Ultrasound Energy-Based RDN, Brachytherapy, Chemical Ablation, Other Technologies
3) By End-Users: Hospitals, Cardiovascular research centre, Other End-Users
Top 5 Major Players:
- Boston Scientific Corporation
- CardioSonic Ltd
- Kona Medical Inc
- Medtronic PLC
- Mercator MedSystems Inc
A pivotal trend shaping the renal denervation devices market is product innovation. Leading companies in the field prioritize the development of groundbreaking products to fortify their market position and gain competitive edges. For example, in October 2021, ReCor Medical Inc., a US-based medical device company, introduced the Paradise Ultrasound Renal Denervation System for hypertension treatment. This innovative system employs a minimally invasive procedure utilizing non-focused ultrasound to target overactive nerves around the kidney. Clinical studies have demonstrated its efficacy in reducing blood pressure compared to sham procedures, heralding a new era in renal denervation therapies.
The renal denervation devices market report table of contents includes:
1. Executive Summary
2. Renal Denervation Devices Market Characteristics
3. Renal Denervation Devices Market Trends And Strategies
4. Renal Denervation Devices Market – Macro Economic Scenario
5. Global Renal Denervation Devices Market Size and Growth
…..
26. Global Renal Denervation Devices Market Competitive Benchmarking
27. Global Renal Denervation Devices Market Competitive Dashboard
28. Key Mergers And Acquisitions In The Renal Denervation Devices Market
29. Renal Denervation Devices Market Future Outlook and Potential Analysis
30. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Renal Denervation Devices Market, Segmentation By Product, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Renal Denervation Devices Market, Segmentation By Technology, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Renal Denervation Devices Market, Segmentation By End-Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
….
Table 74: Boston Scientific Corporation Financial Performance
Table 75: CardioSonic Ltd. Financial Performance
Table 76: Kona Medical Inc. Financial Performance
Table 77: Medtronic plc Financial Performance
Table 78: Mercator MedSystems Inc. Financial Performance
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