Global renal denervation devices market: 41.7% CAGR growth forecast between 2012-60
Global Renal Denervation Devices Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-31 00:15:01
The Global Renal Denervation Devices market is to grow at a CAGR of 41.74 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing incidence of hypertension. The Global Renal Denervation Devices market has also been witnessing the increasing demand for minimally invasive procedures. However, the presence of alternative treatment therapy could pose a challenge to the growth of this market.
The demand by patients for minimally invasive procedures is rising at present, as these procedures help to remove masses or growths with minimal scarring, high surgical outcomes, low surgical risks, and less procedure time. Unlike invasive surgeries, these procedures do not cause trauma in patients. Moreover, they minimize recovery time, and thereby reduce time in hospital. RDN procedures are minimally invasive catheter-based procedures that are safer, effective, and reduce cardio-metabolic risk. Further, these procedures reduce the morbidity and mortality associated with resistant hypertension in a patient population. Increasing demand for minimally invasive procedures is expected to have a positive impact on this market.
One of the major drivers in this market is the increasing incidence of hypertension. Because of this, RDN procedures for treating resistant hypertension problems have gained popularity among the population. Therefore, the demand for RDN devices has increased over recent years.
One of the major challenges in the market is the presence of alternative treatment therapy for patients with resistant hypertension such as drug-based therapy and change of diet and lifestyle.
The key vendors dominating this market space are Boston Scientific Corp., Covidien plc, Medtronic Inc. and St. Jude Medical Inc. Other vendors are CardioSonic Inc., Kona Medical Inc., Mercator Medsystems Inc., ReCor Medical Inc., Sound Interventions Inc., and Terumo Corp.
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