Renal Denervation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028
Segmented by Technology (Ultrasound Ablation, Radiofrequency Ablation, Pharmacologic Ablation, and Microinfusion), By Product (Catheters, Single Electrode Catheter, Multi Electrode Catheter, RF Generator, and Others), By Therapeutic Area (Hypertension, Heart Failure, Diabetes, Renal Failure, and Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, and Others), By Region and Competition.
New York, March 24, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Renal Denervation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028" - https://www.reportlinker.com/p06435450/?utm_source=GNW
Global Renal Denervation Market is anticipated to witness a growth of steady CAGR in the forecast period, 2024-2028.It can be ascribed to increasing innovation of renal denervation system, increase in hypertension cases due to consuming alcohol, and unhealthy foods, growing usage of the endovascular catheter, radiofrequency ablation, and the continuous rise in the number of heart failure cases.
However, increasing funding for R&D activities for treating renal abnormalities by various regulators and some state governments and the significant number of benefits of this method, along with the increasing efforts and initiatives being introduced by influential Market players, will propel the market in the forecast period.The occurrence of hypertension has increased from 17,307 per 100,000 in 1990 to 20,525 per 100,000 in 2015.
The rising burden of chronic diseases like obesity among children and adults will power renal denervation market trends through the forecast period.
Rising incidence of hypertension among people
With the increasing modernization worldwide, people’s lifestyles are majorly being changed.The day-to-day routines of people worldwide are increasingly becoming hectic.
Hypertension is a significant and modifiable risk factor for cardiovascular disorders and diseases, chronic kidney disease, and death.The prevalence of hypertension has been observing a substantial rise over the past few years.
Because more strict BP objectives are recommended by guidelines, obtaining these targets necessitates using multiple drugs, resulting in increased dosing complexity, expense, pill burden, and drug intolerance.Some significant reasons for an increase in the prevalence of hypertension are the increasing geriatric population, high sodium, and low potassium intake, rising cases of obesity, increasing alcohol consumption in low- and middle-income countries, physical inactivity, and the lack of a balanced diet.
The rising number of geriatrics worldwide is one of the primary reasons for an increase in the risk of hypertension. According to the World Health Organization, 2021, around 1.28 billion people aged between 30 and 79 are globally affected by hypertension.
Advancement of Renal Denervation
The number of new capabilities introduced in the renal denervation approach is one of the major factors accelerating its adoption.Renal denervation systems that incorporate ultrasound technology can overcome the limitations of radiofrequency-based renal denervation systems.
The high-frequency sound waves of the ultrasonic energy aid in ablating nerves without coming into close touch with the tissues.This aids in the prevention of renal artery damage.
Due to this attribute, many patients worldwide prefer this technology.Moreover, integrating technology into these kinds of healthcare practices offers a considerable scale of enhancements in the outcomes of these techniques.
The advancement of renal denervation will boost the market in the forecast period. Almost about 47% of adults in the United States have hypertension, have a systolic blood pressure greater than 130 mmHg or a diastolic blood pressure greater than 80 mmHg, or are taking medication for hypertension. Only about 1 in 4 adults (24%) with hypertension have their condition under control.
The Global Renal Denervation market is segmented based on technology, product, therapeutic area, end user, and by region.Based on technology, the market can be segmented into Ultrasound Ablation, Radiofrequency Ablation, Pharmacologic Ablation, and Microinfusion.
Based on product, the market can be differentiated into Catheters, Single Electrode Catheter, Multi-Electrode Catheter, RF Generator, and Others.Based on therapeutic area, the market can be differentiated into Hypertension, Heart Failure, Diabetes, Renal Failure, and Others.
Based on end users, the market can be segmented into Hospitals & Clinics, Ambulatory Care Centers, and Others.Regionally, Europe dominated the market among Asia Pacific, North America, Middle East & Africa, and South America.
In terms of country, the United States region dominates the global renal denervation market. According to CDC, in 2021, more than 670,000 deaths in the United States had hypertension as a primary or contributing cause.
Medtronic Plc., Boston Scientific Corporation, Abbott Laboratories, Inc., Terumo Corporation, Johnson & Johnson, Cordis Corporation, ReCor Medical, Inc. (Otsuka Holdings), Cardiosonic Ltd, Mercator MedSystems, Inc, Renal Dynamics Limited are some of the leading players operating in the Global Renal Denervation Market.
In this report, Global Renal Denervation market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
• Renal Denervation Market, By Technology:
o Ultrasound Ablation
o Radiofrequency Ablation
o Pharmacologic Ablation
• Renal Denervation Market, By Product:
o Single Electrode Catheter
o Multi-Electrode Catheter
o RF Generator
• Renal Denervation Market, By Therapeutic Area:
o Heart Failure
o Renal Failure
• Renal Denervation Market, By End User:
o Hospitals & Clinics
o Ambulatory Care Centers
• Renal Denervation Market, By Region:
o North America
o Asia Pacific
o South America
o Middle East & Africa
Company Profiles: Detailed analysis of the major companies present in Global Renal Denervation Market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
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