Global Renal Denervation Devices Market Overview And Statistics For 2024-2033

LONDON, GREATER LONDON, UK, August 9, 2024 /EINPresswire.com/ -- The renal denervation devices market has experienced robust growth in recent years, expanding 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.

Strong Future Growth Anticipated
The renal denervation devices market is projected to continue its strong growth, reaching $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.

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Growth Driver Of The Renal Denervation Devices Market
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.

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Major Players And Market Trends
Key players in the renal denervation devices market include Boston Scientific Corporation, CardioSonic Ltd., Kona Medical Inc., Medtronic PLC, Mercator MedSystems Inc., ReCor Medical.
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.

Segments:
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 center, Other End-Users

Geographical Insights: Europe Leading The Market
Europe was the largest region in the renal denervation devices market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global renal denervation devices market report during the forecast period. The regions covered in the renal denervation devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Renal Denervation Devices Market Definition
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.

Renal Denervation Devices Global Market Report 2024 from The Business Research Company covers the following information:
•Market size data for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Renal Denervation Devices Global Market Report 2024 by The Business Research Company is the most comprehensive report that provides insights on renal denervation devices market size, renal denervation devices market drivers and trends, renal denervation devices market major players, renal denervation devices competitors' revenues, renal denervation devices market positioning, and renal denervation devices market growth across geographies. The renal denervation devices market report helps you gain in-depth insights into opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

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