Renal Denervation Devices Global Market is Anticipated to Hit $1.73 Billion By 2028, Owing to Rise in Incidences of Influenza Across the Globe

The renal denervation devices market size has grown exponentially in recent years. It will grow from $0.42 billion in 2023 to $0.57 billion in 2024 at a compound annual growth rate (CAGR) of 35.1%. The growth in the historic period can be attributed to increased hypertension cases, clinical research and studies, increased in cardiovascular diseases, initial fda approval and regulatory developments, market entry of renal denervation systems.

The renal denervation devices market size is expected to see exponential growth in the next few years. It will grow to $1.73 billion in 2028 at a compound annual growth rate (CAGR) of 32.3%. The growth in the forecast period can be attributed to patient-centric approach, healthcare infrastructure development, growing awareness and acceptance, focus on minimally invasive therapies, market entry of new devices. Major trends in the forecast period include integration of artificial intelligence (ai) and machine learning, regulatory landscape changes, shift towards minimally invasive procedures, emphasis on clinical evidence, remote monitoring and telehealth integration.

Market Overview -
Renal denervation devices are minimally invasive medical devices used to treat hypertension (high blood pressure) that have not improved with other treatments. A catheter is passed into the renal arteries that ablate sympathetic nerves in the vessel wall using radiofrequency energy to allow greater blood flow to the kidneys.

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The Surge In Renal Denervation Devices Market Fueled By Escalating Hypertension Rates
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 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. 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.

Competitive Landscape -
Major companies operating in the renal denervation devices market report are Boston Scientific Corporation, CardioSonic Ltd., Kona Medical Inc., Medtronic plc, Mercator MedSystems Inc., ReCor Medical, Abbott Laboratories, Ablative Solutions Inc., Terumo Corporation, Symple Surgical Inc., St. Jude Medical Inc., Johnson & Johnson Services Inc., Theragenics Corporation, Vascular Dynamics Inc., Otsuka Holdings Co. Ltd., Cardiovascular Systems Inc., Celonova Biosciences Inc., Concept Medical Inc., Cook Medical LLC, Cardinal Health Inc., Creganna Medical, Endologix Inc., Endospan Ltd., Enopace Biomedical Ltd., InspireMD Inc., MicroPort Scientific Corporation, Miracor Medical Systems GmbH, Nexeon MedSystems Inc., Asahi Kasei Corporation, Thermocool Limited

Renal Denervation Devices Market Surges With Cutting-Edge Product Developments
Product innovation is a key trend gaining popularity in the renal denervation devices market. 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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Key Segments -
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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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