Carpal Tunnel Release Systems Market

2019 Analysis and Review of Carpal Tunnel Release Systems Market by Product - Open CTR Systems and Endoscopic CTR Systems for 2019 - 2029

  • 2020-01-22
  • REP-GB-5965
  • 43 Tables
  • 83 Figures
  • 201 pages
  • PDF PPT EXCEL
Carpal Tunnel Release Systems Market
  • SELECT LICENSE :

  • US$5,000
  • US$7,500
  • US$10,000

Carpal Tunnel Release Systems Market Value to Cross US$ 800 Mn in 2028

Aligning with the growing preference for minimally invasive surgical procedures, the carpal tunnel release (CTR) systems market is projected to follow a healthy growth trail. Carpal tunnel syndrome (CTS) is one of the most common neuropathies, with the working demographics being the primary targets. In order to address the demanding situation, governments in several countries are increasingly focused on the healthcare sector to offer advanced medical infrastructure as well as supportive coverage policies. Such trends are auguring well for the global CTR systems market, which will surpass US$ 800 Mn during the latter half of forecast period (2019 - 2029).

Frequently asked questions about global carpal tunnel release system market

Which will be the key factor responsible for increasing sales of carpal tunnel release systems?

Increasing prevalence of carpal tunnel syndrome (CTS) among industrial workers remains the key factor responsible for growing sales of carpal tunnel release systems. The prevalence is particularly high among phone operators, cafeteria operators, food & coffee shop counter attendants, electrical, electronic and electromechanical assemblers, and fabric, textile and coating mill workers.

Which trend is prominent in the carpal tunnel surgeries that favors the growth of carpal tunnel release systems market?

Over the last few years, carpal tunnel surgeries performed on outpatient have increased due to lower procedure costs and improved medical reimbursement coverage. Rising number of carpal tunnel surgeries is anticipated to fuel the demand for carpal tunnel release systems, particularly in developed countries.

Where does the major opportunity reside?

The demand is primarily emerging from countries such as the U.S. Germany, the U.K., and Australia. For example, in Germany, around 500,000 carpal tunnel syndrome surgeries are carried out each year. Enhanced emergency room coupled with affordability are factors contributing to the growing number of carpal tunnel surgical procedures.

How is development of minimally invasive surgical techniques encouraging innovations in carpal tunnel release systems?

Increasing demand for minimally invasive surgeries has encouraged manufacturers of medical devices to develop advanced surgical technologies. For example, Sonex Health’s, launched SX-One MicroKnife that enables ultrasound-guided carpal tunnel release through a single micro-incision. A.M. Surgical, Inc., introduced STRATOSTM that works independently to confirm key anatomy and is completely protected along the length of the cannula prior to release.

How does the competition scenario in global carpal tunnel release systems market look like?

The global market for carpal tunnel release systems represents a highly consolidated competitive landscape, where a few key players maintain their market share through a strategic focus on developing strong distribution partnerships and joint ventures, aiming at stronger global footprint. The carpal tunnel release systems market has been growing moderately, which remains a key factor for its dynamic competitive nature.

Open CTR Systems Make up for Nearly 80% Share

Accounting for around 4/5th of total revenue share, open CTR systems will remain the preferred treatment method throughout the forecast period. While open CTR systems have been the conventional approach to address CTS, they are likely to lose their share to endoscopic CTR systems in the near future. In line with surging demand for minimally invasive surgeries, endoscopic CTR systems are expected to garner prominence in the near future. Further, this study emphasizes maximum adoption of endoscopic CTR systems for treating CTS in 2022.

Developed Regional Markets Account for over 60% of Global Sales

The growth of carpal tunnel release systems market, in both developed and developing regions, will primarily be centered upon rising per capita healthcare spending and favorable reimbursement policies for out-patient surgical procedures. Europe and North America are currently the leading contributors to global market revenues. Although these developed regions collectively account for over 60% of total adoption, there are strong possibilities that developing regional markets such as Asia Pacific (APAC) will reflect an attractive growth prospect in the coming years.

* This data is only a representation. Actual data may vary and will be available in report.

Developed Regional Markets Account for over 60% of Global Sales
Developed Regional Markets Account for over 60% of Global Sales
Developed Regional Markets Account for over 60% of Global Sales
Developed Regional Markets Account for over 60% of Global Sales
  • 2014
  • 2018
  • 2022
  • 2029
  • Arrow

Growth Strategies Abound in Product Innovation

In an effort to treat CTS in an effective manner, market players must follow an innovative approach. Moreover, they are entering into collaborations with contract manufacturing organizations for developing advanced CTR systems. For instance, A.M. Surgical, Inc. has developed an endoscopic carpal tunnel release system that delivers a clear view of surgical field and structure of median nerve. The market incumbent is also in agreement with Medigus Ltd for the development of an integrated visualization device.

Open CTR system to see substantial traction

Demand for endoscopic CTR system to rise rapidly

Hospitals account for higher revenue share

Adoption in ambulatory surgical centers to surge

How Growth will Unfold

Adoption of carpal tunnel release systems in hospitals, particularly in developed regions, is anticipated to remain strong going positive. Whilst increasing application in ambulatory surgical centers (ASCs) in East Asia, and Middle East & Africa (MEA) is likely to turn into increased market share. Notable rise in out-patient surgeries occurring ASCs, owing to faster clinical outcomes, and improved medical reimbursements, has been driving market players to focus on these end users.

Carpal Tunnel Release Systems Adoption Analysis

* This data is only a representation. Actual data may vary and will be available in report.

Click Here To Know How The Growth Will Unfold

Custom Market Research Services

FMI offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

Overview

Carpal Tunnel Release Systems Market Analysis 2019-2029

A recent market study published by Future Market Insights (FMI) on the carpal tunnel release systems market includes global industry analysis for 2014-2018 & opportunity assessment for 2019-2029, and delivers a comprehensive assessment of the most important market dynamics. After conducting a thorough research on the historical as well as current growth parameters of the carpal tunnel release systems market, the growth prospects of the market are obtained with maximum precision.

Carpal Tunnel Release Systems Market Taxonomy

The global carpal tunnel release systems market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.

Product

  • Open CTR systems
  • Endoscopic CTR systems

End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • Middle East and Africa

What's Included

The report initiates with the executive summary of the carpal tunnel release systems market, which includes a summary of key findings and statistics of the market. It also includes the demand & supply-side trends pertaining to the carpal tunnel release systems market.

Readers can find the definition and a detailed segmentation of the carpal tunnel release systems market in this chapter, which will help them understand the basic information about the carpal tunnel release systems market. Along with this, comprehensive information pertaining to carpal tunnel release systems and their properties are provided in this section. This section also highlights the inclusions and exclusions, which helps the reader understand the scope of the carpal tunnel release systems market report.

This chapter explains the key macro-economic factors that are expected to influence the growth of the carpal tunnel release systems market over the forecast period. Along with the macroeconomic factors, this section also highlights the value chain, supply chain, forecast factors, Porter’s five forces analysis, and value chain analysis for the carpal tunnel release systems market. Moreover, in-depth information about the market dynamics and their impact analysis on the market have been provided in the successive section.

This section includes the factors that have emerged as key successful factors and the strategies adopted by key market participants.

This section explains the global market volume analysis and forecast for the carpal tunnel release systems market between the forecast periods of 2019-2029. This chapter includes a detailed analysis of the historical carpal tunnel release systems market volume in units, along with an opportunity analysis of the future.

This section explains the global price analysis and forecast for the carpal tunnel release systems market between the forecast periods (2019-2029). This chapter helps reader understand global average price for benchmarking depending on the regions considered.

This section explains the global market value analysis and forecast for the carpal tunnel release systems market during the forecast periods (2019-2029). This chapter includes a detailed analysis of the historical carpal tunnel release systems market, along with an opportunity analysis of the future. Readers can also find the absolute $ opportunity for the current year (2019), and an incremental $ opportunity for the forecast period (2019–2029).

Based on product type, the carpal tunnel release systems market is segmented into open CTR systems and endoscopic CTR systems. In this chapter, readers can find information about the key trends and developments in the carpal tunnel release systems market and market attractiveness analysis based on product type.

This chapter provides details about the carpal tunnel release systems market based on the end user, and has been classified into hospitals, ambulatory surgical centers and specialty clinics. In this chapter, readers can understand the market attractiveness analysis based on end user.

This chapter explains how the carpal tunnel release systems market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and Middle East & Africa (MEA).

This chapter includes a detailed analysis of the growth of the North America carpal tunnel release systems market, along with a country-wise assessment that includes the U.S. and Canada. Readers can also find the pricing analysis, regional trends, and market growth based on product type and countries in North America.

This chapter provides the growth scenario of the carpal tunnel release systems market in Latin American countries such as Brazil, Mexico, Argentina and the Rest of Latin America. Along with this, assessment of the market across target segments has been provided.

Important growth prospects of the carpal tunnel release systems market based on its end users in several countries such as Germany, the U.K., France, Spain, Italy, Russia, Poland, and the Rest of Europe are included in this chapter.

In this chapter, India and ASEAN are prominent countries in the South Asia region that are the prime subjects of assessment to obtain the growth prospects of the South Asia carpal tunnel release systems market. Readers can find detailed information about the growth parameters of the South Asia carpal tunnel release systems market during the forecast period of 2019-2029.

This chapter highlights the growth of the carpal tunnel release systems market in East Asia by focusing on China, Japan, and South Korea. This section also help readers understand the key factors that are responsible for the growth of the carpal tunnel release systems market in East Asia.

This chapter highlights the growth of the carpal tunnel release systems market in Oceania by focusing on Australia and New Zealand. This section also help readers understand the key factors that are responsible for the growth of the carpal tunnel release systems market in Oceania.

This chapter provides information about how the carpal tunnel release systems market will grow in major countries in the MEA region such as GCC Countries, South Africa, Turkey, and the Rest of MEA, during the forecast period of 2019-2029.

This section highlights the growth prospects of the carpal tunnel release systems market for emerging markets such as China, India, and South Africa.

In this chapter, readers can find detailed information about the tier analysis and market concentration of key players in the carpal tunnel release systems market, along with their market presence analysis by region and product portfolio.

In this chapter, readers can find a comprehensive list of all the prominent stakeholders in the carpal tunnel release systems market, along with a detailed information about each company, which includes company overview, revenue shares, strategic overview, and recent company developments. Some of the market players featured in the report are Stryker Corporation, Smith & Nephew plc., CONMED Corporation, Integra Lifesciences Corporation and others.

This chapter includes a list of acronyms and assumptions that provides a base to the information and statistics included in the carpal tunnel release systems market report.

This chapter help readers understand the research methodology followed to obtain various conclusions as well as important qualitative and quantitative information about the carpal tunnel release systems market.

How the research was conducted?

Primary Research

  • C - Level Executives
  • Marketing Directors
  • Product Managers 
  • Business Development Officers 
  • Production Managers
  • Procurement Heads
  • Sales Executives
  • Distributors
  • Traders 
  • Raw Material Suppliers
  • Industry Experts
  • End Users
  • Current Market Dynamics and Challenges
  • Yesteryear Trends 
  • Market Characteristics
  • Market Performance and Growth Quadrants
  • Competition Structure and Market Structure
  • Strategic Growth Initiatives
  • Near-term and Long-Term Market Growth Prospects
  • Market Segment Splits and Authenticity
  • Opinions on Market Projections and Validity of Assumptions

Secondary Research

  • Industry Publications
    • American Academy of Orthopedic Surgeons
    • The Journal of Hand Surgery
    • European Journal of Orthopaedic Surgery and Traumatology
  • Industry Associations
    • European Federation of National Associations of Orthopaedic and Traumatology
    • American Association of Hand Surgery
    • British Society for the Surgery of Hand
    • Orthopedic Surgery Associates
  • Factiva
  • Company Press Releases
  • Annual Reports and Investor Presentations
  • Research Papers
  • Government Websites and Publications
  • Trade Websites

Primary Interview Splits

Primary Interview Splits carpal tunnel release systems market designation

Primary Interview Splits carpal tunnel release systems market stakeholder

Carpal Tunnel Release Systems Market Reports - Table of Contents

To Learn More About our Comprehensive Perspective on Carpal Tunnel Release Systems Market,

Get in touch

Harish Tiwari

Harish Tiwari

Global Head - Business Development

Pranay Mhaisekar

Pranay Mhaisekar

Client Partner - Global Business Development

* indicates mandatory fields

Our Clients


CASE STUDIES

See how our work makes an impact.

At FMI, we design strategies that are adaptive, impactful, and implementable.

Request Sample Ask An Analyst Request Methodology