Market Overview:
The global renal denervation therapy system market is expected to grow at a CAGR of 10.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of hypertension, rising geriatric population, and technological advancements in renal denervation therapy systems. Based on type, the global renal denervation therapy system market is segmented into ablation catheter, ablation generator, and others. The ablation catheter segment is expected to account for the largest share of the global renal denervation therapy system market in 2018. This segment is also projected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. This growth can be attributed to factors such as increasing demand for minimally invasive procedures and technological advancements in ablative devices used for renal denervation therapies. Based on application, the global renal denervation therapy system market is divided into hospital-based applications and medical center-based applications segments. The hospital-based applications segment accounted for majority share (64%) of total revenue generated by application segments in 2017; however, this segment is projected witness highest decline rate over next ten years owing declining number surgeries being conducted within hospitals setting across developed markets such as U S A Canada Europe Japan etcetera . On contrary medical center based application are growing with increase number outpatient clinic settings globally which will drive significant growth over next decade .
Product Definition:
Renal Denervation Therapy System is a medical device used to treat uncontrolled hypertension (high blood pressure) by reducing the activity of the sympathetic nervous system in the kidneys. The importance of Renal Denervation Therapy System is that it can be an effective treatment for uncontrolled hypertension, which can lead to serious health complications.
Ablation Catheter:
Ablation catheter is a device used for the treatment of renal glomerular filtration rate (GFR) by permanent or temporary removal of kidney tissue. It is also known as renal denervation therapy system and helps in decreasing blood pressure (BP) through the reduction of resistance in arteries and veins.
Ablation Generator:
The Ablation generator is used to generate thermal energy for the excision of a renal nerve. The generator delivers an electrical current to denervated tissue and causes coagulative necrosis of the targeted tissue. This procedure is done as a day surgery under local anesthesia without any surgical incision being made in the patient’s body.
Application Insights:
Based on application, the global renal denervation therapy system market is segmented into hospital, medical center and others. The hospital segment dominated the market in 2017 due to increasing prevalence of chronic diseases such as diabetes and hypertension which increases the risk of kidney damage caused by acute kidney failure.
The medical center application segment is expected to witness lucrative growth over the forecast period due to rising awareness about RDTs among physicians in various countries including China, India and Brazil. Moreover, a rise in incidence of chronic diseases such as heart disease and cancer also boosts demand for RDTs at medical centers across these regions.
On the other hand, demand for RDTs at others locations including home care clinics is expected to increase significantly owing to growing geriatric population base with respect to country-wise distribution (China & India).
Regional Analysis:
North America dominated the global renal denervation therapy system market with a share of 40.0% in 2017. This is due to the increasing prevalence of diabetes and hypertension, rising government initiatives, and growing awareness about RDTs & DSTs among patients as well as physicians. Moreover, increasing reimbursements for innovations in devices by healthcare insurance providers are some other factors contributing toward growth in this region. For instance, In April 2018; Medtronic launched its new ablation system called Reclaim R&D program that has been funded by an unrestricted gift from The Wylie Foundation’s donors who are concerned about kidney health across North America (U.S.).
Asia Pacific is expected to witness lucrative growth over the forecast period owing to various programs being undertaken by governments.
Growth Factors:
- Increasing incidence of hypertension and renal diseases
- Growing demand for minimally invasive therapies
- Technological advancements in renal denervation therapy systems
- Rising healthcare expenditure by governments and private players
- Availability of reimbursement policies for renal denervation therapy
Scope Of The Report
Report Attributes
Report Details
Report Title
Renal Denervation Therapy System Market Research Report
By Type
Ablation Catheter, Ablation Generator, Others
By Application
Hospital, Medical Center, Others
By Companies
Boston Scientific, Medtronic, St.Jude Medical, Terumo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
157
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Renal Denervation Therapy System Market Report Segments:
The global Renal Denervation Therapy System market is segmented on the basis of:
Types
Ablation Catheter, Ablation Generator, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Medical Center, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Boston Scientific
- Medtronic
- St.Jude Medical
- Terumo
Highlights of The Renal Denervation Therapy System Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ablation Catheter
- Ablation Generator
- Others
- By Application:
- Hospital
- Medical Center
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Renal Denervation Therapy System Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Renal denervation therapy system is a medical procedure that uses heat to destroy the nerves that control the kidneys. This destroys the ability of the kidneys to function normally, and can lead to kidney failure.
Some of the key players operating in the renal denervation therapy system market are Boston Scientific, Medtronic, St.Jude Medical, Terumo.
The renal denervation therapy system market is expected to grow at a compound annual growth rate of 10.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Renal Denervation Therapy System Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Renal Denervation Therapy System Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Renal Denervation Therapy System Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Renal Denervation Therapy System Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Renal Denervation Therapy System Market Size & Forecast, 2020-2028
4.5.1 Renal Denervation Therapy System Market Size and Y-o-Y Growth
4.5.2 Renal Denervation Therapy System Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Ablation Catheter
5.2.2 Ablation Generator
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Medical Center
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Renal Denervation Therapy System Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Renal Denervation Therapy System Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Ablation Catheter
9.6.2 Ablation Generator
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Medical Center
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Ablation Catheter
10.6.2 Ablation Generator
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Medical Center
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Ablation Catheter
11.6.2 Ablation Generator
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Medical Center
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Ablation Catheter
12.6.2 Ablation Generator
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Medical Center
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Ablation Catheter
13.6.2 Ablation Generator
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Medical Center
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Renal Denervation Therapy System Market: Competitive Dashboard
14.2 Global Renal Denervation Therapy System Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Boston Scientific
14.3.2 Medtronic
14.3.3 St.Jude Medical
14.3.4 Terumo
