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Emergence of Product Innovation as Key Trend in Europe's Renal Denervation Devices Market || Boston Scientific Corporation, CardioSonic Ltd., Kona Medical Inc
Renal Denervation Devices Market
The Business Research Company's Renal Denervation Devices Global Market Report 2023 the increased prevalence of hypertension as the major driver for the renal denervation devices market's growth in the forecast period. 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 2023, 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.
The global renal denervation devices market size is expected to grow from $0.31 billion in 2022 to $0.42 billion in 2023 at a compound annual growth rate (CAGR) of 35.65%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, and affecting many every market across the globe. The market size is expected to reach $1.32 billion in 2027 at a CAGR of 33.23%.
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Major competitors in the renal denervation devices market are Boston Scientific Corporation, CardioSonic Ltd., Kona Medical Inc., Medtronic plc, Mercator MedSystems, Inc., ReCor Medical, Abbott Laboratories, Ablative Solutions Inc.
A key trend in the renal denervation devices market includes product innovation. Major companies operating in the renal denervation devices market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in October 2021, ReCor Medical Inc., a US-based medical device company launched Paradise Ultrasound Renal Denervation System for hypertension treatment. This system is a minimally invasive procedure that uses non-focused ultrasound to treat overactive nerves leading to the kidney. The Paradise System has been shown to successfully reduce blood pressure compared to a sham procedure.
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The renal denervation devices market is segmented -
• By Product: Simplicity Renal Denervation System, EnligHTN, Vessix Renal Denervation System, Iberis Renal Sympathetic Denervation System, Paradise Renal Denervation System, Other Products
• By Technology: Radio Frequency Ablation, Ultrasound Energy-Based RDN, Brachytherapy, Chemical Ablation, Other Technologies
• By End-Users: Hospitals, Cardiovascular research centre, Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the renal denervation devices market.
The Business Research Company's "Global Renal Denervation Devices Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Renal Denervation Market Include:
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. Renal Denervation Devices Market Size And Growth
……………
27. Renal Denervation Devices Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Renal Denervation Devices Market
29. Renal Denervation Devices Market Future Outlook And Potential Analysis
30. Appendix
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