Emergence of micro-infusion technology, continuous research and development initiatives for the improvement of healthcare systems, and increasing adoption of advanced renal denervation systems are factors driving the growth of the market
United States, Rockville MD, Aug. 11, 2022 (GLOBE NEWSWIRE) — According to in-depth industry analysis by Fact.MR, a market research and competitive intelligence provider, the global renal denervation technology market is expected to grow at a stellar CAGR of 40% from 2022 to 2026.
The growing prevalence of lifestyle disorders such as hypertension due to an increase in sedentary and stressful lifestyles, alcohol and tobacco consumption, poor dietary habits and the increase in the elderly population are driving the market expansion. The advantages of renal denervation technologies such as rapid recovery, safety, convenience, and cost-effectiveness act as significant growth factors.
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Catheter-based procedures to remove renal nerves have demonstrated significant results. In addition, catheter-based techniques appear to be less risky for patients and facilitate the denervation of certain nerves. Factors projected to propel growing demand for renal denervation technologies are an increased prevalence of hypertension with ineffective antihypertensive drugs, a lasting effect of renal denervation, and steady advances in renal denervation devices.
Due to benefits such as improved safety, shorter treatment times, permanent effects, and an increase in uncontrolled and treatment-resistant hypertension in the urban population due to changing lifestyles, The market for renal denervation technologies and related processes is set to increase at a rapid rate in the coming years.
What is shaping the growth of the Renal Denervation Technologies market?
“Increased funding for R&D initiatives for the treatment of kidney disorders”
The demand for renal denervation procedures is expected to be supported by various government authorities and organizations increasing funding for R&D initiatives for the treatment of renovascular hypertension. Additionally, advancements in renal denervation devices could propel the industry.
One of the key factors increasing adoption of the renal denervation method is the number of new skills it introduces. The disadvantages of high frequency renal denervation systems can be overcome by an ultrasound RDN device. Without touching tissue directly, high frequency sound waves and ultrasonic energy help clear nerves.
This reduces the risk of renal artery damage. This quality makes this method preferred by a significant number of patients around the world. The effectiveness of these strategies will also be greatly enhanced by incorporating technology into these types of health practices and opening up the opportunities in the renal denervation industry.
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Key segments covered by the Renal denervation technologies Industry survey
Based on radio frequency
Based on ultrasound
Based on micro-infusion
Per end user:
Middle East and Africa
Renal denervation device manufacturing companies are taking steps to increase their presence in the global market such as innovative product launches and collaborations. Large companies are making significant investments to differentiate themselves from each other and thrive in today’s market environment. Market players are also encouraged to use creative marketing techniques to promote the use of renal denervation devices.
In 2021, the Paradise Ultrasonic Renal Denervation System was introduced by ReCor Medical. The special product should simplify the diagnosis of patients with uncontrolled hypertension throughout Germany.
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The key players in the Renal denervation technologies Market
Main takeaways from Renal denervation technologies Market research
The global renal denervation technologies market is expected to reach a valuation of US$720 million by 2026.
The market in Germany is expected to grow at a CAGR of 33% over the forecast period.
The demand for ultrasound-based technologies is expected to grow by 37% CAGR through 2026.
The market in Canada is expected to grow at a CAGR of 36% from 2022 to 2026.
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