Overview

Carpal Tunnel Release Systems Market is predicted to value over USD xx billion by 2027 end with a CAGR of over xx% during the forecast period 2020 to 2027.

Rising incidences of Carpal Tunnel Syndrome, improved coverages for medical reimbursements, low procedure costs are some of the major factors contributing to the growth of the market. CTS is a collection of signs and symptoms that occur in the carpal tunnel with the compression of the median nerve. Commonly observed symptoms are paraesthesia, pain in the distribution of median nerve and numbness. As per the data provided by the Louisiana State University Health Sciences Center, CTS is the most prevalent entrapment neuropathy which has affected over 5% of adults over the last decade in the US. Such a rising prevalence of CTS shall bolster the carpal tunnel release systems market growth. Furthermore, patient are increasingly preferring surgeries for disorders like CTS in middle-income and low-income nations. This has resulted in the rise of the adoption of CTS release systems across the world. Ambulatory service sites are providing a healthy competition to healthcare systems and hospitals, particularly to procedures that are based on physician offices. Ambulatory surgery centres offer economic as well as operational efficiencies, which has enabled patient access and increased opportunities for further physician engagement.

Market Segmentation:
By Product Type
•   Open Carpal Tunnel Release System
•   Endoscopic Carpal Tunnel System
By End User
•   Hospitals
•   Ambulatory Surgical Centers
•   Others
By Region
•   North America
•   Europe
•   Asia-Pacific
•   Latin America
•   Middle East and Africa

The market is diversified into product type, end user and region. The product type segment is fragmented into open carpel tunnel release system and endoscopic carpal tunnel release system. The end user segment is classified into hospitals, ambulatory surgical centres and others. The ambulatory surgical centres segment is anticipated to hold the largest carpal tunnel release systems market share owing to increased preference by patients for urgent surgeries in ambulatory settings.

Regional Analysis:

The North America region is expected to lead the market owing to the rising awareness regarding carpal tunnel syndrome along with a strong presence of key market players in the region. As per the article published by Matthew Varacallo and Justin O. Sevy in the US, over 3 people per 1000 are affected by CTS with an occurrence of over 50 per 1000 in developed countries.

Competitive Landscape:

Some of the prominent market players are AM Surgical Inc., Arthrex Inc., CONMED Corporation, Integra LifeSciences Corporation, Medical Designs LLC, MicroAire Surgical Instruments LLC., Smith & Nephew plc, Stryker Corporation, Trice Medical.

FutureWise Key Takeaways:

Growth prospects
SWOT analysis
Key market trends
Key data-points affecting market growth

Objectives of the Study:

To provide with an exhaustive analysis on the global carpal tunnel release systems market by product type, by end user and by region
To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
To evaluate and forecast micro-markets and the overall market
To predict the market size, in key regions (along with countries)— North America, Europe, Asia Pacific, Latin America and Middle East and Africa
To record, evaluate and analyze competitive landscape mapping- product launches, technological advancements, mergers and expansions

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