Renal Denervation Devices Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis
The renal denervation devices market is anticipated to grow in the forecast period owing to key factors such as rising cases of hypertension in the urban populace and increasing geriatric population leading to rising number of hypertension cases. Moreover, cost-effective product innovation and high potential growth from the emerging nations offer opportunities in the growth of the global renal denervation devices market.
The "Global Renal Denervation Devices Market Analysis to 2031" is a specialized and in-depth study of the medical devices industry with a focus on the global market trend. The report aims to provide an overview of global renal denervation devices market with detailed market segmentation by technology, end user and geography. The global renal denervation devices market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading renal denervation devices market players and offers key trends and opportunities in the market.
The global renal denervation devices market is segmented on the basis of technology and end user. Based on technology, the renal denervation devices market is segmented into radiofrequency, ultrasound, and micro-infusion. Based on end user, the renal denervation devices market is segmented as hospitals, ambulatory surgical centers, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global renal denervation devices market based on technology and end user. It also provides market size and forecast till 2031 for overall market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The renal denervation devices market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
Europe is expected to contribute to the largest share in the renal denervation devices market in the forecast period followed by North America, due to increasing research and development activities as well as increasing cases of drug-resistant hypertension in the region. On the other hand, Asia Pacific region is expected to be the fastest growing region owing to rising cases of obesity, presence of a large target population among the emerging economies.
The report analyzes factors affecting renal denervation devices market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the renal denervation devices market in these regions.
The report also includes the profiles of key renal denervation devices companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years. Some of the key players operating in the renal denervation devices market include, Abbott, ReCor Medical, Inc., Boston Scientific Corporation, Medtronic, Cardiosonic Ltd, Kona Medical, Inc., TERUMO COPRORATION, Mercator MedSystems, Theragenics Corporation, and Ablative Solutions, Inc. among others.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1. Renal Denervation Devices Market- By Technology
1.3.2. Renal Denervation Devices Market- By End User
1.3.3. Renal Denervation Devices Market- By Region
1.3.3.1. By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. RENAL DENERVATION DEVICES MARKET LANDSCAPE
4.1. MARKET OVERVIEW
4.2. PEST ANALYSIS
4.2.1. North America - PEST Analysis
4.2.2. Europe - PEST Analysis
4.2.3. Asia Pacific - PEST Analysis
4.2.4. Middle East & Africa - PEST Analysis
4.2.5. South and Central America - PEST Analysis
5. RENAL DENERVATION DEVICES MARKET- KEY INDUSTRY DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. RENAL DENERVATION DEVICES MARKET- GLOBAL ANALYSIS
6.1. RENAL DENERVATION DEVICES MARKET - GLOBAL MARKET OVERVIEW
6.2. RENAL DENERVATION DEVICES MARKET - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/ MARKET SHARE OF KEY PLAYERS
7. RENAL DENERVATION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - TECHNOLOGY TYPE
7.1. OVERVIEW
7.2. TECHNOLOGY MARKET FORECASTS AND ANALYSIS
7.3. RADIOFREQUENCY MARKET
7.3.1. Overview
7.3.2. Radiofrequency Market Forecast and Analysis (US$ Mn)
7.4. ULTRASOUND MARKET
7.4.1. Overview
7.4.2. Ultrasound Market Forecast and Analysis (US$ Mn)
7.5. MICRO-INFUSION MARKET
7.5.1. Overview
7.5.2. Micro-Infusion Market Forecast and Analysis (US$ Mn)
8. RENAL DENERVATION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS MARKET
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis (US$ Mn)
8.4. AMBULATORY SURGICAL CENTERS MARKET
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Forecast and Analysis (US$ Mn)
8.5. OTHERS MARKET
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis (US$ Mn)
9. RENAL DENERVATION DEVICES MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA RENAL DENERVATION DEVICES MARKET
9.1.1. North America Renal Denervation Devices Market Forecasts and Analysis (US$ Mn)
9.1.2. North America Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.1.3. North America Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.1.4. North America Renal Denervation Devices Market Forecasts and Analysis - By Country
9.1.5. US Market Overview
9.1.5.1. US Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.1.5.2. US Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.1.6. Canada Market Overview
9.1.6.1. Canada Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.1.6.2. Canada Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.1.7. Mexico Market Overview
9.1.7.1. Mexico Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.1.7.2. Mexico Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2. EUROPE RENAL DENERVATION DEVICES MARKET
9.2.1. Europe Renal Denervation Devices Market Forecasts and Analysis (US$ Mn)
9.2.2. Europe Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.2.3. Europe Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.4. Europe Renal Denervation Devices Market Forecasts and Analysis - By Country
9.2.5. UK Market Overview
9.2.5.1. UK Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.2.5.2. UK Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.6. Germany Market Overview
9.2.6.1. Germany Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.2.6.2. Germany Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.7. France Market Overview
9.2.7.1. France Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.2.7.2. France Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.8. Italy Market Overview
9.2.8.1. Italy Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.2.8.2. Italy Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.2.9. Spain Market Overview
9.2.9.1. Spain Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.2.9.2. Spain Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3. ASIA PACIFIC RENAL DENERVATION DEVICES MARKET
9.3.1. Asia Pacific Renal Denervation Devices Market Forecasts and Analysis (US$ Mn)
9.3.2. Asia Pacific Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.3.3. Asia Pacific Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.4. Asia Pacific Renal Denervation Devices Market Forecasts and Analysis - By Country
9.3.5. China Market Overview
9.3.5.1. China Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.3.5.2. China Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.6. Japan Market Overview
9.3.6.1. Japan Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.3.6.2. Japan Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.7. India Market Overview
9.3.7.1. India Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.3.7.2. India Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.8. South Korea Market Overview
9.3.8.1. South Korea Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.3.8.2. South Korea Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.3.9. Australia Market Overview
9.3.9.1. Australia Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.3.9.2. Australia Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4. MIDDLE EAST AND AFRICA (MEA) RENAL DENERVATION DEVICES MARKET
9.4.1. Middle East and Africa (MEA) Renal Denervation Devices Market Forecasts and Analysis (US$ Mn)
9.4.2. Middle East and Africa (MEA) Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.4.3. Middle East and Africa (MEA) Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4.4. Middle East and Africa (MEA) Renal Denervation Devices Market Forecasts and Analysis - By Country
9.4.5. UAE Market Overview
9.4.5.1. UAE Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.4.5.2. UAE Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4.6. Saudi Arabia Market Overview
9.4.6.1. Saudi Arabia Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.4.6.2. Saudi Arabia Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.4.7. South Africa Market Overview
9.4.7.1. South Africa Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.4.7.2. South Africa Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.5. SOUTH AND CENTRAL AMERICA RENAL DENERVATION DEVICES MARKET
9.5.1. South and Central America Renal Denervation Devices Market Forecasts and Analysis (US$ Mn)
9.5.2. South and Central America Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.5.3. South and Central America Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.5.4. South and Central America Renal Denervation Devices Market Forecasts and Analysis - By Country
9.5.5. Brazil Market Overview
9.5.5.1. Brazil Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.5.5.2. Brazil Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
9.5.6. Argentina Market Overview
9.5.6.1. Argentina Renal Denervation Devices Market Forecasts and Analysis - By Technology (US$ Mn)
9.5.6.2. Argentina Renal Denervation Devices Market Forecasts and Analysis - By End User (US$ Mn)
10. INDUSTRY LANDSCAPE
10.1. ORGANIC GROWTH STRATEGIES
10.1.1. New Product Launches
10.1.2. Marketing & Promotional Activities
10.2. INORGANIC GROWTH STRATEGIES
10.2.1. Partnerships, Collaborations, and Joint Ventures
10.2.2. Mergers & Acquisitions
11. RENAL DENERVATION DEVICES MARKET, KEY COMPANY PROFILES
11.1. ABBOTT
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Financial Overview
11.1.4. Product Portfolio
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. RECOR MEDICAL, INC.
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Financial Overview
11.2.4. Product Portfolio
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. BOSTON SCIENTIFIC CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Financial Overview
11.3.4. Product Portfolio
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. MEDTRONIC
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Financial Overview
11.4.4. Product Portfolio
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. CARDIOSONIC LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Financial Overview
11.5.4. Product Portfolio
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. KONA MEDICAL, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Financial Overview
11.6.4. Product Portfolio
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MERCATOR MEDSYSTEMS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Financial Overview
11.7.4. Product Portfolio
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. TERUMO COPRORATION
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Financial Overview
11.8.4. Product Portfolio
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. THERAGENICS CORPORATION
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Financial Overview
11.9.4. Product Portfolio
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. ABLATIVE SOLUTIONS, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Financial Overview
11.10.4. Product Portfolio
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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1. Abbott
2. ReCor Medical, Inc.
3. Boston Scientific Corporation
4. Medtronic
5. Cardiosonic Ltd
6. Kona Medical, Inc.
7. TERUMO COPRORATION
8. Mercator MedSystems
9. Theragenics Corporation
10. Ablative Solutions, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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