News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

Renal Denervation Market: Chronic Heart Failure to Boost Future Growth: GlobalData



10/23/2013 10:41:11 AM

free biotech news Get the latest biotech news where you want it. Sign up for the free GenePool newsletter today!

LONDON, UK (GlobalData), 23 October 2013 - Although the renal denervation market has previously been focused on the intervention’s treatment of patients with resistant and uncontrolled hypertension, it is expected that the next approved indication will be in chronic heart failure patients, says an analyst with research and consulting firm GlobalData.

According to Joseph Gregory, GlobalData's Analyst covering Surgical Devices, the uncontrolled hypertension population seemed to be the next likely target for treatment, but the condition will not receive an approved indication before heart failure. This is because the uncontrolled hypertension trials have been delayed in their initiation and their planned subject enrolment is significantly larger than the sole heart failure trial being conducted by Medtronic.

GlobalData estimates that, following the trial, Medtronic will receive CE Mark approval for the condition by 2015. “Most people only think of renal denervation as a treatment for people with hypertension. However, similar to patients with resistant hypertension, heart failure patients exhibit a significantly active sympathetic nervous system.

“Furthermore, the development of renal denervation in chronic heart failure is the first sign that the intervention is becoming more of a treatment for an overactive sympathetic nervous system, and less of a treatment explicitly for hypertension,” says the analyst.

As mentioned in GlobalData’s previously published Expert Insight, the global renal denervation market is projected to experience lower-than-anticipated growth due to the magnitude of certain market barriers, such as reimbursement, the establishment of a new referral pattern, and the state of the clinical trial data. These barriers have dampened the global market’s current state so much, that it was only evaluated at $15.5m in 2012.

However, GlobalData forecasts that the treatment of chronic heart failure patients will reach a market share of 25% by 2016, adding an additional boost to the stagnant global denervation market.

- Comment provided by Joseph Gregory, GlobalData's Analyst covering Surgical Devices. For guidelines on how to cite GlobalData, please see: http://www.globaldata.com/QuotingGlobalData.aspx

-ABOUT GLOBALDATA-

GlobalData is a leading global research and consulting firm offering advanced analytics to help clients make better, more informed decisions every day. Our research and analysis is based on the expert knowledge of over 700 qualified business analysts and 25,000 interviews conducted with industry insiders every year, enabling us to offer the most relevant, reliable and actionable strategic business intelligence available for a wide range of industries.

For more information, please contact our Press Office on +44 (0)1204 543 528 or at pr@globaldata.com.



Help employers find you! Check out all the jobs and post your resume.

Read at BioSpace.com


comments powered by Disqus
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES