Insightace Analytics Pvt. Ltd. announces the release of a market assessment report on the “Global Carpal Tunnel Release Systems Market- by Products (Open CTR systems and Endoscopic CTR systems), End-Users (Hospitals, Ambulatory Surgery Centers and Clinics), Trends, Industry Competition Analysis, Revenue and Forecast To 2030.”
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According to the latest research by Insightace Analytics, the global carpal tunnel release systems market was valued at US$ 560.47 Million in 2021. It is expected to reach US$ 976.57 Million by 2030, with a CAGR of 6.6 % during a forecast period of 2024-2031.
The median nerve becomes compressed inside the carpal tunnel, resulting in carpal tunnel syndrome (CTS). Among the symptoms are numbness, weakness, and discomfort in the hand and wrist. Carpal tunnel syndrome can be brought on by trauma, repetitive motions, certain illnesses, and pregnancy. A surgical treatment called carpal tunnel release is used to treat carpal tunnel syndrome. Open and endoscopic carpal tunnel release procedures are both available. The primary justification for having carpal tunnel surgery is a correct diagnosis of carpal tunnel syndrome. Carpal tunnel release is often an outpatient procedure, so if everything goes according to plan, the patient can leave the hospital and return home the same day.
Due to the rising incidence of carpal tunnel syndrome, there will be a significant demand for carpal tunnel release systems globally. The market for the product is anticipated to rise due to better medical reimbursement regulations, rising surgical success rates for carpel tunnel release procedures, rising public knowledge of the advantages of CTR systems, and the accessibility of reliable products. A growing population, increased government funding for the development of novel surgical technologies, and quick acceptance of advanced surgical procedures will all contribute to the growth of this industry. The industry is moving forward and improving the manufacturing and distribution of products in the carpal tunnel release systems market thanks to a rising number of acquisitions of brands and market sectors by significant market players. However, the high cost of surgical procedures may limit market expansion.
North America is anticipated to contribute to the majorly carpal tunnel release systems market over the forecast years due to the increasing incidence of carpal tunnel symptoms and growing understanding of therapies for those symptoms. Furthermore, the growth results from widespread knowledge of certain medical disorders. In addition, the Asia Pacific carpal tunnel release systems market is expected to grow significantly during the forecast period because of its emerging nations of Australia, China, New Zealand, and India’s rapid embrace of new medical and technological advancements.
Major market players operating in the carpal tunnel release systems market include
Stryker Corporation, Smith & Nephew plc., CONMED Corporation, Arthrex, Inc., Integra LifeSciences, MicroAire Surgical Instruments, LLC., Trice Medical, A.M. Surgical Inc., Sonex Health, LLC., and Other Prominent Players.
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Recent collaborations and agreements in the market:
- In January 2021, Smith and Nephew bought Integra LifeSciences Holdings Corporation’s Extremity Orthopaedics business, which aided Smith’s orthopedic sector’s growth throughout the projection period.
- In July 2019, Stryker announced the establishment of a Digital Platform Services Centre of Excellence in Dublin in collaboration with RCSI (Royal College of Surgeons in Ireland).
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Market Segments
Global Carpal Tunnel Release Systems Market, by Products, 2024-2031 (Value US$ Mn)
- Open CTR systems
- Endoscopic CTR systems
Global Carpal Tunnel Release Systems Market, by End Users, 2024-2031 (Value US$ Mn)
- Hospitals
- Ambulatory Surgery Centers
- Clinics
Global Carpal Tunnel Release Systems Market, by Region, 2024-2031 (Value US$ Mn)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Carpal Tunnel Release Systems Market, by Country, 2024-2031 (Value US$ Mn)
- U.S.
- Canada
Europe Carpal Tunnel Release Systems Market, by Country, 2024-2031 (Value US$ Mn)
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Carpal Tunnel Release Systems Market, by Country, 2024-2031 (Value US$ Mn)
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Carpal Tunnel Release Systems Market, by Country, 2024-2031 (Value US$ Mn)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Carpal Tunnel Release Systems Market, by Country, 2024-2031 (Value US$ Mn)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
Why should buy this report:
- To receive a comprehensive analysis of the prospects for the global carpal tunnel release systems market
- To receive an industry overview and future trends of the carpal tunnel release systems market
- To analyze the carpal tunnel release systems market drivers and challenges
- To get information on the carpal tunnel release systems market value (US$Mn) forecast to 2030
- Significant investments, mergers & acquisitions in the carpal tunnel release systems market industry
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