0

Renal Denervation Market Expected to Reach $4.5 Billion by 2030—Allied Market Research

Follow us on Social Media:       
 

The renal denervation market size was valued at $156,327.4 thousand in 2020, and is estimated to reach $4,555,983.0 thousand by 2030, growing at a CAGR of 40.7% from 2021 to 2030. Renal denervation is a type of irregular heartbeat characterized by rapid and irregular beating. Owing to the disorder, ventricles receive insufficient blood. Blood may clot and congest in the atria at the same time.These clots can enter the circulation and reach the brain causing stroke. The transmission of electrical impulses to the lower heart chambers is disrupted in renal denervation, which is expected to cause a rapid, slow, or irregular heartbeat. During renal denervation, upper chamber and lower chamber of the heart beat irregularly, chaotically, and out of sync, which can cause shortness of breath, chest pain, weakness, lightheadedness, or fainting.  

The market is expected to expand as the rise in prevalence and incidence of hypertension &blood pressure. Moreover, changing lifestyles and improvement in healthcare infrastructure in developing nations have fueled the renal denervation market growth. In addition, the renal denervation process is more cost efficient than other multi-drug therapy treatments.However, the market's growth is hampered by the extensive approval process for renal denervation devices, as well as patient discomfort and anxiety during the treatment.

The renal denervation market is segmented by product, which include simplicity, vessix, paradise, iberis, and others. Vessix system is suitable for arteries of varying diameters that has a balloon that can be expanded into variable sizes. It also has a full-color visual user interface, which improves the device's accuracy and functionality. The Vessix Renal Denervation System manufacturer, Boston Scientific Corporation, consider this area as a possible growth opportunity for increasing its business. It offers vessix renal denervation system, vessix generator, and vessix catheter for treatment of hypertension and other diseases.

Renal denervation system operates by various technologies such as ultrasound, radio frequency, and micro-infusion. Radio frequency renal denervation is an effective way to control resistant hypertension. A one-time procedure is enough to lower the blood pressure levels up to two years. Renal denervation with radiofrequency is a catheter-based procedure that involves inserting a catheter into the renal artery via the femoral artery. The catheter uses many electrodes to emit radio frequency radiation. This energy is utilized to damage the nerves by creating a sequence of ablations across the renal artery.

However, during the pandemic, various manufacturers in the renal denervation market had to stop their business in countries such as China, the U.S., and India. Thisbreak directly impacted sales of renal denervation companies. In addition, lack of manpower and raw materials also constricted supply of equipment of renal denervation that has negatively influenced the growth of the market. However, reopening of production facilities and introduction of vaccines for coronavirus disease are anticipated to lead to re-opening of renal denervation companies.

 

Key Findings Of The Study

  • The report provides an extensive analysis of the current and emerging renal denervation market trends and dynamics. 
  • Depending on product, the Enlightn segment dominated the renal denervation market, in terms of revenue in 2020 and the Vessix segment is projected to grow at a significant CAGR during the forecast period.
  • By technology, the radio frequency segment has registered highest renal denervation market share in 2020.
  • By end user, the hospitals segment has registered highest revenue in 2020.
  • Europe is projected to register highest growth rate in the coming years.
  • The key players within the renal denervation market are profiled in this report, and their strategies are analyzed thoroughly, which help understand competitive outlook of the renal denervation industry.
  • The report provides an extensive analysis of the current trends and emerging opportunities of the market. 
  • In-depth renal denervation market analysis is conducted by estimations for the key segments between 2021 and 2030.

Need More Information

pr-det-talk Talk to David (Europe)

pr-det-talk Talk to Sona Padman (Americas)

5933 NE Win Sivers Drive #205,
Portland, OR 97220 United States

pr-det-phone Toll Free: +1-800-792-5285

pr-det-phone UK: +44-845-528-1300

pr-det-phone Hong Kong: +852-301-84916

pr-det-phone India (Pune): +91 2066346060

pr-det-phone Fax: +1(855) 550-5975

pr-det-phone help@alliedmarketresearch.com

 

For Media Inquiries, Please Contact

Tushar Nagose
Communications Officer
Allied Market Research
Contact Toll Free: +1-800-792-5285
Drop us an email at
media@alliedmarketresearch.com

 
 
 
Avenue Video Loading...

Avenue: Entire Library membership of Allied Market Research Reports at your disposal

  • Avenue is an innovative subscription-based online report database.
  • Avail an online access to the entire library of syndicated reports on more than 4,389 niche industries and company profiles on more than 12,953 firms across 11 domains.
  • A cost-effective model tailored for entrepreneurs, investors, and students & researchers at universities.
  • Request customizations, suggest new reports, and avail analyst support as per your requirements.
  • Get an access to the library of reports at any time from any device and anywhere.

 
 

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

Targeted Market View

Targeted market view to provide pertinent information and save time of readers

 

Featured Readings

 
rep-img

Published Date Jan 2021

Surgical Equipment Market

Download Sample
rep-img

Published Date Nov 2020

Medical Implant Market

Download Sample
 

Get Fresh content delivered

Get insights on topics that matter to your business. Stay updated on the area that interests you.

 
Get Industry Data Alerts
 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers