PUBLISHER: Value Market Research | PRODUCT CODE: 1392387
PUBLISHER: Value Market Research | PRODUCT CODE: 1392387
The global demand for Renal Denervation Market is presumed to reach the market size of nearly USD 6023.78 MN by 2030 from USD 187.28 MN in 2022 with a CAGR of 54.32% under the study period 2023 - 2030.
In renal denervation (RDN), high-frequency extirpation is used to burn the nerve fibres of the renal arteries. This procedure reduces nerve activity and lowers blood pressure. Renal denervation is now preferred as a safe and less intrusive means of treating hypertension, resulting in permanent cessation of blood pressure medication. Renal denervation is an irreversible procedure.
As per the findings, the key factors driving the renal devices market are the increased rate of hypertension and the procedure's long-term effectiveness. The advantages provided by this procedure, such as long-term effects, shorter treatment times, and increased safety, are anticipated to propel market growth. The availability of alternative and improved technology, such as micro-infusion, renal denervation systems, and enhanced healthcare infrastructure in emerging economies are other factors expected to drive the market growth during the study period. Despite this, several challenges are ahead of the renal denervation process, including that the process requires procuring the new device, which needs FDA approval, leading to a costly and time-consuming process.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of renal denervation. The growth and trends of renal denervation industry provide a holistic approach to this study.
This section of the renal denervation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Renal Denervation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the renal denervation market include Medtronic, Boston Scientific Corporation, Kona Medical, Abbott, CardioSonic, Renal Dynamics Limited, Ablative Solutions, Symple Surgical, ReCor Medical. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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