Rising prevalence of musculoskeletal disorders, improving healthcare infrastructure, and adoption of minimal invasive surgical methods are anticipated to be the major factors governing the growth of the global carpal tunnel release system market. Carpal tunnel release system is a form of minimal invasive surgery used to treat carpal tunnel syndrome. Due to limited focus on improvement of occupational health worldwide, the number of musculoskeletal disorders has increased significantly around the globe.
Additionally, limited effectiveness of non-steroidal anti-inflammatory drugs (NSAIDs) in treating the carpal tunnel release has resulted in the widespread adoption of carpal tunnel release systems around the globe. Moreover, government initiatives to improve the occupational health of working professionals across the world is anticipated to compliment the growth of the global carpal tunnel release syndrome during the forecast period.
North America contributed the largest share to the global carpal tunnel release systems market in 2019 owing to increased incidences of carpal tunnel syndrome in the United States and Canada. North America is anticipated to be the dominating geography throughout the forecast period owing to increasing adoption of advanced surgical methods and growth of healthcare insurance solutions to support minimal invasive surgical methods.
Asia Pacific carpal tunnel release systems market is anticipated to offer significant opportunities to the global manufacturers owing to rising prevalence of carpal tunnel syndrome due to lack of stringent safety regulations in countries with established manufacturing industry. Middle East & Africa carpal tunnel release system market is anticipated to grow at a steady rate during forecast period.
The report titled “Carpal Tunnel Release Systems Market - Global Market Share, Trends, Analysis and Forecasts, 2023-2032” wherein 2021 is historic period, 2022 is the base year, and 2023 to 2032 is forecast period. Additionally, the study takes into consideration the competitive landscape, wherein the report would provide company overview and market outlook for leading players in the global carpal tunnel release systems market.
Furthermore, the report would reflect the key developments, global & regional sales network, business strategies, research & development activities, employee strength, and key executive, for all the major players operating in the market. For instance, Smith & Nephew plc reported revenues of USD 5,138 million in 2019 and the product segment analysis of the company indicates that Orthopedics business segment of the company dominated revenue in 2019.
The global carpal tunnel release systems market is segmented based on product type, end user, and geography. Based on product type, the global carpal tunnel release systems market is segmented into open carpal tunnel release system and endoscopic carpal tunnel release system. Based on end user, the global carpal tunnel release system market is segmented into hospitals, specialty clinics, and ambulatory surgical centers. Based on geography, the global Carpal Tunnel Release Systems market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America.
Additionally, the study provides in-depth analysis of prominent players holding majority share of the global market with a focus on all operating business segment, and would identify the segment of the company focusing on Carpal Tunnel Release Systems. Further, market share of prominent companies in the global carpal tunnel release systems market would also be estimated.
For instance, Smith & Nephew plc operates through three business segments namely Orthopedics, Sports Medicine & ENT, and Advanced Wound Management. The carpal tunnel release systems are delivered under the Orthopedics business segment of the company with revenue contribution of US$ 2,222 million in 2019.
The study takes into consideration the key competitive information such as business strategy, product portfolio, key development, SWOT analysis, and research and development focus of all the respiratory inhaler device manufacturing companies. Furthermore, the global carpal tunnel release systems market study would take into consideration the participants engaged throughout the supply chain and value chain of the market, along with their contribution.
Product portfolio would focus on all the products under the carpal tunnel release systems market business segment of the company. Similarly, the recent development section would focus on the latest developments of company such as strategic alliances and partnerships, merger and acquisition, new product launched and geographic expansion in the global carpal tunnel release systems market.
Major players operating the global carpal tunnel release systems market include AM Surgical Inc., Arthrex, Inc., CONMED Corporation, Endodoctor GmbH, Innomed, Inc., Integra LifeSciences Corporation, LB Medical LLC., Medical Designs, LLC, MicroAire Surgical Instruments, LLC., S.E.G-WAY Orthopaedics Inc., S2S Surgical LLC, Smith & Nephew plc, SONEX HEALTH, LLC., and Stryker Corporation.
Market Segmentation:
By Product type
- open carpal tunnel release system
- endoscopic carpal tunnel release system
By End user
- hospitals
- specialty clinics
- ambulatory surgical centers
By Geography
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
