Global Renal Denervation Market (RDN) Market is anticipated to touch USD 2,850 million at a whopping 40.4% CAGR during the estimated years (2018-2023).
Market Analysis
Renal denervation is a minimally invasive method that helps to treat resistant hypertension. This is a condition where high blood pressure does not respond to medication.
Some of the common causes associated to renal hypertension include abnormality in the hormone which control blood pressure, sleep problems especially obstructive sleep apnea, excessive consumption of alcohol, obesity and artery-clogging plaque accumulation in the blood vessels. The RDN procedure utilizes radiofrequency ablation that helps to burn the nerves present in the renal arteries that reduces the nerve activity and this in turn decreases blood pressure. This procedure aids to cut down blood pressure which is difficult to control through medication.
Market Segmentation
MRFR report offers a complete segmental analysis of the renal denervation market on the basis of product, technology and end use.
- Based on product, it is segmented into Iberis, Paradise, EnligHTN, Vessix (V2), Symplicity and others. Of these, Symplicity will have the maximum share in the market and hold its position during the estimated years. However, Paradise is expected to grow at the fastest pace.
- Based on technology, the renal denervation market is segmented into micro-infusion, ultrasound, radiofrequency and others. Of these, radiofrequency will dominate the renal denervation market during the estimated years. With regards to growth rate, eclipsing ultrasound is presently the largest segment in the market.
- Based on end user, it is segmented into surgical centers, ambulatory, clinics, hospitals and others. Of these, hospitals will lead the renal denervation market during the estimated years followed by ambulatory that is projected to expand at the fastest pace.
Competitive Analysis
Leading players profiled in the renal denervation market include Terumo, Sound Intervention, Kona Medical, Cordis, Cardiosonic, St Jude Medical, ReCor Medical, Medtronic, Boston Scientific and others.
Get Free Sample on MRFR Besides renal denervation may also reduce the intake of medication that a patient may require to take for keeping their blood pressure in check. The best part, this technique is minimally invasive, safe and above will not leave behind any implants.
Regional Analysis
By region, the renal denervation market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Rest of the World. Of these,
Europe will spearhead the market during the estimated years owing to the region’s strong research infrastructure, rising development of advanced renal denervation devices and rising incidence of drug-resistant hypertension.
In the APAC region, the renal denervation market is likely to have a major share owing to steady improvement within the healthcare infrastructure and growing incidence of hypertension.
In North America, the renal denervation market will have a promising growth owing to the increasing filings for FDA approvals in the US. Increasing prevalence of uncontrolled hypertension is a key factor that is propelling the growth of the market here.
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There are numerous factors that is driving the growth of the renal denervation market. These factors according to MRFR (Market Research Future) report include increasing incidence of blood pressure and hypertension, cost effective technique, improvement in healthcare infrastructure especially in developing countries, rising geriatric population, rising number of clinical trials in order to validate renal denervation’s clinical efficacy, clinal benefits particularly faster recovery time coupled with minimal complications, growing awareness amid people, increasing need for minimally invasive procedures, support from the government and risk minimization.
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