Carpal Tunnel Release Market

Carpal Tunnel Release Systems Market: Open CTR Systems to Remain Largest Product Type Through 2028: Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028

  • 2018-08-20
  • REP-GB-5965
  • 207 pages
  • PDF PPT EXCEL
Carpal Tunnel Release Market

An Incisive, In-depth Analysis on the Carpal Tunnel Release Market

This study offers a comprehensive, 360 degree analysis on the Carpal Tunnel Release market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Carpal Tunnel Release market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Market Value and Forecast

The global carpal tunnel release systems market is expected to be worth US$ 839.1 Mn in 2028, it is projected to increase at a CAGR of 5.5% through 2028. North America is large market, which accounted for US$ 150.3 Mn in 2017, and is expected to grow at a CAGR of 3.6%.

Key Insights

  • Amongst Product Type, Open Carpal Tunnel Release Systems contributed maximum market share in the global Carpal Tunnel Release Systems market due to high number of surgery performed by open method. Endoscopic Carpal Tunnel Release system is expected to gain huge traction in the market over the forecast period due to its increasing adoption

  • By End User, Hospitals dominate market share in the Carpal Tunnel Release Systems market due high preference of patient to visit hospitals  for the accomplishment of carpal tunnel syndrome treatment

  • North America followed by Western Europe holds the maximum revenue share in the global Carpal Tunnel Release Systems. Companies operating Carpal Tunnel Release Systems focusing expand their business in China and Japan.

  • China and Japan is the faster growing region for Carpal Tunnel Release Systems market due rising geriatric population and expansion strategy followed by key manufacturer in this countries

  • The growing awareness regarding carpal tunnel surgery is expected to fuel the demand for carpal tunnel release systems in the global market. The demand is primarily emanating from countries such as the U.S. Germany, the U.K. and Australia. Enhanced emergency room coupled with affordability are factors contributing to growing demand Carpal Tunnel Release Systems market.

  • The U.S. Department of Labor has concluded that Carpal Tunnel Syndrome is the "chief occupational hazard of the 90's"-disabling workers in epidemic proportions

  • According to NIOSHA, Only 23% of all Carpal Tunnel Syndrome patients were able to return to their previous professions following surgery which may responsible for sluggish growth of Carpal Tunnel Release Systems market.

Factors and Trends Impacting the Growth of the Market

In this emerging world of technology, smart phones and laptops have become important devices. According to a survey, people spend maximum hours of the day using laptops and phones than they do asleep. People spend an average of 8 hours 21 minutes sleeping a day – but spend an average of 8 hours 41 minutes on these devices. Thus, changing lifestyle is expected to increase the prevalence of carpal tunnel syndrome, and consequently drive the demand for carpal tunnel release systems globally. Out-patient surgeries result in lower healthcare expenditure, and they are generally preferred for cover by the insurance payers offering medical reimbursement services. In addition, out-patient surgeries do not require overnight or prolonged stays in hospitals. The number of carpal tunnel surgeries performed in outpatients centers have increased since the last decade resulting rising demand of carpal tunnel release systems.

Carpal tunnel syndrome is one of the most common neuropathies, which occurs in the upper extremity of the body. According to the WHO, approximately 1% of the global population suffers from carpal tunnel syndrome every year. Carpal tunnel syndrome is the most common neuropathy found in people working in manufacturing facilities. According to the CEPR, approximately 17 to 19 million people were employed in manufacturing facilities in 2016. Thus, increasing number of people working in manufacturing facilities is expected to increase the prevalence of carpal tunnel syndrome across the globe which will ultimately boost the revenue growth of carpal tunnel release systems market.

Regional Outlook

On the basis of region, the carpal tunnel release systems market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, China, Japan and Middle East & Africa. North America is estimated to dominate the global carpal tunnel release systems market with maximum value share of the overall market in 2017. The North America carpal tunnel release systems market is estimated to increase at a CAGR of 3.6% over the forecast period to reach the value of US$ 221.6 Mn. Emergence of several regional market players, a robust distribution network, and well-developed healthcare infrastructure in North America are some of the key factors driving the revenue growth of the carpal tunnel release systems market.

Key Players 

Some of the top players operating in the global carpal tunnel release systems market such as Arthrex, Inc., MicroAire Surgical Instruments, LLC., S.E.G-WAY Orthopaedics Inc., Smith & Nephew plc, Integra LifeSciences Corporation, AM Surgical Inc., SONEX HEALTH, LLC., Medical Designs, LLC, CONMED Corporation, Innomed, Inc., Stryker Corporation,  LB Medical LLC., S2S Surgical LLC, Endodoctor GmbH. Leading manufacturer of carpal tunnel release systems are focusing on collaboration to promote the use of carpal tunnel release systems for the treatment of carpal tunnel syndrome. Some companies are focusing collaborate directly with hospitals to promote their carpal tunnel release systems. On other hand, few players of carpal tunnel release systems market are emphasis on collaboration with distributors to expand their regional presence.

This Future Market Insights (FMI) report examines the ‘Global Carpal Tunnel Release Systems Market’ for the period 2018–2028. The primary objective of the report is to offer updates and information related to market opportunities in the global carpal tunnel release systems market.

The Carpal Tunnel Release Systems Market is segmented as Follows:

  • Carpal Tunnel Release Systems Market, by Product Type

  • Carpal Tunnel Release Systems Market, by End User

  • Carpal Tunnel Release Systems Market, by Region

This report covers the global carpal tunnel release systems market performance in terms of revenue contribution from various segments. The report begins with an overview of the carpal tunnel release systems and its definitions. The market viewpoints section underlines macro-economic factors influencing the growth of the carpal tunnel release systems market along with detailing its opportunity analysis.

The global carpal tunnel release systems market is segmented based on product type, end user, and region. On the basis of product type, the market has been segmented as open carpal tunnel release system and endoscopic carpal tunnel release system.

On the basis of end user, the market is segmented as hospitals, ambulatory surgical centers and speciality clinics.

 A detailed analysis has been provided for each region in terms of market size, Y-o-Y growth rate, absolute $ opportunity, and market attractive index. The regional market dynamics provide the key growth driver, restraints, and trends pertaining to each region. The forecast of the carpal tunnel release systems market by country, product type, end user, are represented in the tabular form for each region. This section also helps to understand the opportunity of the carpal tunnel release systems market in major countries by each segment. The volume analysis of carpal tunnel release systems is also provided by region. The volume of carpal tunnel release systems is triangulated with the average selling price.

In the next section of the report, the ‘Competitive Landscape’ is included to provide report audiences with a dashboard view and to access the key differentiators among the competitor firms. This section also provide wise structure analysis to understand the tier structure of c carpal tunnel release systems market. Along with tier structure this section is also assessed market share analysis for top companies to cross validated the carpal tunnel release systems market value. This analysis is done on granular level by analyzing the revenue generated by each of the manufacturer from carpal tunnel release systems. This section is primarily designed to provide clients with an objective and detailed comparative assessment of product offerings and strategies of key providers specific to the market segments. Detailed profiles of players in the carpal tunnel release systems market are also provided in the report, which highlights company description, product/segment overview, SWOT analysis, financial information, key developments related to market and strategic overview.

The next section of the report highlights the carpal tunnel release systems market outlook for 2018–2028 and sets the forecast within the context of the carpal tunnel release systems market by region. The key regions assessed in this carpal tunnel release systems market report include North America, Latin America, Europe, Asia Pacific excluding China and Japan, China, Japan and Middle East and Africa. A detailed analysis has been provided for each region in terms of market size, Y-o-Y growth rate, absolute $ opportunity, and market attractive index. This section helps to analyses the that maturity level of all the region in global carpal tunnel release systems market.

The above sections – by product type, end user; evaluate the historic market analysis for the period of 2013–2017 and growth prospects of the carpal tunnel release systems market for the period 2018–2028. Along with hoistric analysis, market value forecast and Y-o-Y analysis by product type and end user for carpal tunnel release systems market is also provided in this section. We have considered 2017 as the base year and provided data for the forecast period.

The final section of report represents the global scenario for the carpal tunnel release systems market along with Y-o-Y growth and market forecast till 2028. This section also evaluates the global market opportunity over the forecast period and also the absolute dollar opportunity for each year. This section will help to understand the overall market growth of the carpal tunnel release systems market and the opportunity analysis for each year over the forecast period. This section also provide with the volume analysis for global carpal tunnel release systems market to analyse the global sale of carpal tunnel release systems.

Research Methodology

Initially top down analysis is used to calculate the market size of global carpal tunnel release systems market. Firstly total number of carpal tunnel release procedure performed annually in top 20 countries is analysed by secondary research. The number of surgery performed by open carpal tunnel release systems and endoscopic carpal tunnel release systems is also differentiated for top 20 countries. Number endoscopic procedure perform by single carpal tunnel release systems is confirmed by primary interviews with surgeon and nurses to analyse the volume of carpal tunnel release system. Prices of various carpal tunnel release systems available in the market are analysed to calculate the average selling price of carpal tunnel release system by weighted average methodology. The volume of carpal tunnel release systems is them multiplied with average selling price to obtain the market value of carpal tunnel release systems in 2017 for top countries.

Bottom-up approach is used to validate the total market size obtained. The forecast presented in the report provides total revenue of the carpal tunnel release systems market over 2018–2028. While forecasting the market size, we have considered the impact of several factors such product approvals for carpal tunnel release systems, R&D investment by major players, pipeline analysis, penetration of products in all end user facilities channel, generic penetration across all regions, etc. However, quantifying the market across the aforementioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed. In addition, we have taken into consideration the year-on-year growth to understand the predictability of the market and to identify the right growth opportunities in the global market.

Carpal Tunnel Release Market Reports - Table of Contents

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Pranay Mhaisekar

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