Renal Denervation Market

Renal Denervation Market accounted for US$ 32.00 million in 2020 and is estimated to be US$ 586.19 million  by 2030 and is anticipated to register a CAGR of 33.70%. Renal denervation is a minimal invasive procedure to treat hypertension which process by causing reduction in nerve activity which decreases blood pressure. Renal artery contains nerves in their wall which are ablated by applying radiofrequency pulses or ultrasound to the renal arteries. High blood pressure which is not treated by medication are resistant hypertension. The development of catheter-based interventional therapies to ablate renal nerve has shown impressive results in treating blood pressure in patients having complaints of resistant hypertension.

The report “Global Renal Denervation Market, By Product (Simplicity Renal Denervation System, Enlightn, Vessix Renal Denervation System, Paradise Renal Denervation System and Iberis Renal Sympathetic Denervation System), By Application (Radiofrequency, Ultrasound, And Micro-Infusion), By End User (Hospitals, Surgical Centers and Clinics) and By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa) – Trends, Analysis, and Forecast till 2030”

Key Highlights:

• In December 2020, ReCor Medical Announces Positive leads to RADIANCE-HTN TRIO Study and Breakthrough Device Designation for Paradise Ultrasound Renal Denervation System.
• In March 2020, Medtronic plc has announced the first-ever clinical data from the SPYRAL HTN-OFF MED Pivotal Trial. The Landmark SPYRAL HTN-OFF MED Pivotal Trial Shows Superiority for Renal Denervation in Patients with High vital sign Compared to Sham Procedure.

Analyst View:

High blood pressure increases the risk of stroke and heart disease, a leading cause of deaths all over the globe and complication of hypertension, death due to stroke; heart failure are anticipated to fuel the target market growth. Increasing cases of uncontrolled and drug-resistant hypertension are expected to fuel the demand for renal denervation. However, stringent regulatory norms and approval process for renal denervation devices and patience discomfort and pain that arises during reimbursements for renal denervation procedure have inhibited the target market growth.

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Key Market Insights from the report:

The Global Renal Denervation Market accounted for US$ 32.00 million in 2020 and is estimated to be US$ 586.19 million by 2030 and is anticipated to register a CAGR of 33.70%. The Global Renal Denervation Market report segments the market on the basis of product, application, end-user and region.

• Based on product type, the Global Renal Denervation Market is segmented into the simplicity renal denervation system, EnligHTN, vessix renal denervation system, paradise renal denervation system, and iberis renal sympathetic denervation system.
• Based on application, the Global Renal Denervation Market is segmented into radiofrequency, ultrasound, and micro-infusion.
• Based on end-user, the Global Renal Denervation Market is segmented into hospitals, surgical centers and clinics.
• By region, the Global Renal Denervation Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe’s high share is attributed to the early start of this technology in European countries due to large consumption of the target market.

Competitive Landscape:

The key players in Global renal denervation market are Ablative Solutions, Inc., Boston Scientific Corporation, Cardiosonic Ltd, Kona Medical, Inc., Medtronic plc pvt Lt, Mercator Med Systems, Inc., ReCor Medical, Inc., Renal Dynamics Limited, St. Jude Medical, Inc., and Terumo Medical Corporation.

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

• Explains an overview of the product portfolio, including product development, planning, and positioning
• Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
• Detailed analysis of the market revenue over the forecasted period.
• Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
• Study on the segments that are anticipated to dominate the market.
• Study on the regional analysis that is expected to register the highest growth over the forecast period 

Key Topics Covered

1. Introduction

• Study Deliverables
• Study Assumptions
• Scope of the Study

2. Research Methodology
3. Executive Summary

• Opportunity Map Analysis
• Market at Glance
• Market Share (%) and BPS Analysis, by Region
• Competitive Landscape
• Heat Map Analysis 
• Market Presence and Specificity Analysis

4. Investment Analysis
5. Competitive Analysis

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