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Renal Denervation Devices Market worth $579.85 million by 2030, growing at a CAGR of 13.68% - Exclusive Report by 360iResearch
Renal Denervation Devices Market | 360iResearch
The Global Renal Denervation Devices Market to grow from USD 236.29 million in 2023 to USD 579.85 million by 2030, at a CAGR of 13.68%.
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Renal denervation devices are medical tools that provide minimally invasive therapy for patients suffering from drug-resistant hypertension or high blood pressure that do not respond adequately to conventional pharmacological therapies. These devices offer an alternative solution by targeting the overactive sympathetic nerves surrounding the renal arteries, which play a crucial role in regulating blood pressure and contribute to the development of hypertension. The increasing prevalence of resistant hypertension among the global population due to lifestyle changes, rising awareness about the benefits of renal denervation procedures over conventional drug therapies, and the growing geriatric population are driving the renal denervation devices market growth. However, the high cost of renal denervation devices, associated procedures, and several stringent regulatory frameworks may hamper market growth. Technological advancements in device design and procedural techniques have improved efficacy and safety profiles for renal denervation treatments, which is expected to create a lucrative market opportunity.
The Americas has a significant landscape in the renal denervation devices market due to a high prevalence of hypertension among its population and substantial investments in research for novel therapies. Advancements in technology and growing awareness about innovative treatment options amongst healthcare professionals have fueled demand for these devices. The EU shows significant potential for market growth owing to increased awareness about renal denervation therapy and favorable reimbursement policies across countries. Collaborative efforts on hypertension prevention and control have accelerated R&D initiatives in this domain. The MEA region holds promising opportunities for renal denervation devices due to a rising incidence of hypertension coupled with lifestyle changes and urbanization. In the APAC region, government funding and initiatives for hypertension research resulted in a growing number of clinical trials and patent filings. Robust healthcare infrastructure, a strong focus on technological advancements, increased awareness about hypertension management, and improved healthcare facilities have contributed to the region's renal denervation devices market growth.
Market Segmentation & Coverage:
This research report categorizes the Renal Denervation Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Technology, market is studied across Micro-Infusion-Based, Pharmacologic Ablation, Radiofrequency-Based, and Ultrasound-Based. The Radiofrequency-Based commanded largest market share of 32.02% in 2023, followed by Pharmacologic Ablation.
Based on Products, market is studied across Catheters, Nerve Modifying Agents, and RF Generator. The Catheters is further studied across Multi Electrode Catheter and Single Electrode Catheter. The Catheters commanded largest market share of 48.70% in 2023, followed by Nerve Modifying Agents.
Based on Disease Application, market is studied across Diabetes, Heart Failure, Hypertension, and Renal Failure. The Heart Failure commanded largest market share of 29.51% in 2023, followed by Renal Failure.
Based on End-User, market is studied across Ambulatory Care Centers, Diagnostic Centers & Hospitals, and Research & Academia. The Diagnostic Centers & Hospitals commanded largest market share of 90.50% in 2023, followed by Ambulatory Care Centers.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 39.04% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Renal Denervation Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Renal Denervation Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Renal Denervation Devices Market, highlighting leading vendors and their innovative profiles. These include Abbott Laboratories, Ablative Solutions, Inc., AngioDynamics, Inc., Aria CV, Inc., AtriCure, Inc., Bio-Heart, Boston Scientific Corporation, Cardinal Health, Inc., Kalos Medical, Medtronic PLC, Mercator MedSystems, Inc., Otsuka Holdings Co., Ltd., Shanghai Meiliweiye Medical Technology Co., Ltd., SoniVie, Symap Medical, Ltd., Symple Surgical, Inc., and Terumo Corporation.
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Renal Denervation Devices Market, by Technology
7. Renal Denervation Devices Market, by Products
8. Renal Denervation Devices Market, by Disease Application
9. Renal Denervation Devices Market, by End-User
10. Americas Renal Denervation Devices Market
11. Asia-Pacific Renal Denervation Devices Market
12. Europe, Middle East & Africa Renal Denervation Devices Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Renal Denervation Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Renal Denervation Devices Market?
3. What is the competitive strategic window for opportunities in the Renal Denervation Devices Market?
4. What are the technology trends and regulatory frameworks in the Renal Denervation Devices Market?
5. What is the market share of the leading vendors in the Renal Denervation Devices Market?
6. What modes and strategic moves are considered suitable for entering the Renal Denervation Devices Market?
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