IMARC Group, a leading market research company, has recently releases report titled “Renal Denervation Systems Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” The study provides a detailed analysis of the industry, including the global renal denervation systems market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
How big is the renal denervation systems market?
The global renal denervation systems market size reached US$ 218.2 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1,723.6 Million by 2027, exhibiting a growth rate (CAGR) of 40.67% during 2022-2027.
What is renal denervation systems?
Renal denervation (RDN) refers to a minimally invasive,catheter-based procedure that is performed to treat resistant hypertension. It involves a radiofrequency ablation, which burns the nerves within the renal arteries. This, in turn, suppresses the nerve activity and modulates the output of the sympathetic nerves, thereby assisting in decreasing the blood pressure. In addition to this, it lowers renin secretion, improves blood flow, and stimulates natriuresis. Consequently, RDN systems is being widely adopted to treat hypertension coexisting with metabolic abnormalities, sleep apnea, heart failure, chronic kidney disease, and arrhythmias.
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What are the growth prospects and trends in the renal denervation systems industry?
The global RDN systems market is majorly being driven by the growing instances of lifestyle-related disorders, such as therapy-resistant hypertension, due to sedentary lifestyle, evolving dietary habits, and the increasing cigarette smoking population. This is further supported by the rising geriatric population, which is more susceptible to developing such ailments. Moreover, the growingawareness regarding the clinical advantages associated with RDN systems, including quick recovery, cost-effectiveness, and minimal complications are also facilitating the product demand across the globe. Other than this, continuous investments in research and development (R&D) activities to introduce alternative technologies for RDN, such as micro-infusion, is acting as another growth-inducing factor. Additionally, increasing clinical trials to validate clinical efficiency of RDN over conventional surgeries are creating a positive outlook for the market further. Looking forward, the market is expected to grow at a CAGR of 40.67% during 2022-2027.
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Product Type:
- Single Electrode Catheter
- Multi Electrode Catheter
- RF Generator
- Nerve Modifying Agents
Breakup by Product:
- Vessix (V2)
Breakup by Technology:
- Ultrasound Ablation
- Radiofrequency Ablation
Breakup by Application:
- Cardiac Disorders
- Renal Failure
Breakup by End User:
- Diagnostic Centers and Hospitals
- Ambulatory Care Centers
Breakup by Region:
- North America (U.S. & Canada)
- Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Others)
- Asia Pacific (China, India, Japan, South Korea, Indonesia, Australia, and Others)
- Latin America (Brazil, Mexico)
- Middle East & Africa
Who are the key players operating in the industry?
The report covers the major market players including:
- Boston Scientific Group
- Kona Medical Inc.
- Medtronic Plc
- Mercator MedSystems
- ReCor Medical Inc. (Otsuka Holdings Co. Ltd.)
- Renal Dynamics
- Jude Medical Inc. (Abbott)
- Terumo Corporation.
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