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.
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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.
The renal denervation market is expected to witness significant growth in the near future. The renal denervation market has attracted interest from the medical and healthcare sector due to the increase in hypertension worldwide. Furthermore, the acquisition of alternative and better technologies for renal vascular systems, such as micro-perfusion, and the expansion of medical facilities in emerging countries are expected to boost market growth. For example, Mercator MedSystem's denervation technology is based on low infusion.
Major Key Market Players -
Ablative Solutions, Inc, Abbott Laboratories, Johnson & Johnson, Cardiosonic Ltd, Boston Scientific Corporation, Medtronic plc, Mercator MedSystems, Inc, ReCor Medical, Inc, Renal Dynamics Limited, terumo corporation
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However, during the epidemic, various manufacturers in the renal denervation market had to stop their operations in countries like China, USA and India. The suspension directly affects the sale of the kidney transplant company. In addition, the lack of employment in infrastructure has limited the supply of infrastructure deneration, which has negatively affected the growth of the market. However, it is expected that the resumption of production and the introduction of the coronavirus vaccine will lead to the resumption of the kidney transplant industry.
FREQUENTLY ASKED QUESTIONS?
Q1. What is the estimated industry size of Renal Denervation?
Q2. Which is the largest regional market for Renal Denervation?
Q3. What is the leading technology of Renal Denervation Market?
Q4. What are the upcoming trends of Renal Denervation Market in the world?
Q5. Which are the key players operating in Renal Denervation?
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