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Global Carpal Tunnel Release Systems Market

Report ID : 1024 | Published : 2022-09-15 | Pages: 190 | Format: PDF/EXCEL

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According to the most recent research conducted by Insightace Analytics, the global market for carpal tunnel release systems was worth $560.47 million in 2021.  It is anticipated to grow at a CAGR of 6.6% between 2022 and 2030.

Carpal Tunnel Syndrome occurs when pressure on the median nerve increases, results in compressed nerve with pain, weakness, and numbness in the hand and wrist. Carpal Tunnel Release is a surgical procedure for treating Carpal Tunnel Syndrome. Two types of carpal tunnel release surgery are open and endoscopic. The demand for carpal tunnel release systems market is enhancing as there is an increase in the number of patients suffering from Carpal Tunnel Syndrome. Therefore, there is a high need to develop affordable and cost-effective systems.

High prevalence of Carpal Tunnel Syndrome, improved medical reimbursement policies, increasing the success rate of carpal tunnel release surgical procedures, spreading awareness regarding the benefits of Carpal Tunnel Release Systems, and easy availability of effective products are expected to propel the product demand. Furthermore, the fast adoption of advanced surgical systems, increasing government initiatives for research and development of new surgical technologies, and growing population will also help to drive this market. However, the high cost of surgical procedures can limit the growth of this market.

The carpal tunnel release systems market can be segmented based on Products, End-users, and Regions. On the basis of Products, the market can be sub-divided into Open CTR systems and Endoscopic CTR systems. The endoscopic CTR systems segment is expected to enhance at a high rate, owing to the increasing need for advance and better quality surgical procedures. On the basis of End-users, the market is sub-segmented into Hospitals, Ambulatory Surgical Centers, and Specialty Clinics. The Ambulatory Surgical Centers segment is expected to dominate this market due to the rising number of surgical procedures. In terms of geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Out of these regions, North America is expected to dominate the market over the forecast period (2020-2030).

Some of the key players of the carpal tunnel release systems market are 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.

 

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Carpal Tunnel Release Systems Market Snapshot

Chapter 4. Global Carpal Tunnel Release Systems Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Industry Analysis – Porter’s Five Forces Analysis

4.6. Competitive Landscape & Market Share Analysis

4.7. Key Trends in the Market

4.8. COVID 19 Impact Analysis

Chapter 5. Market Segmentation 1: By Products Estimates & Trend Analysis

5.1. By Products & Market Share, 2020 & 2030

5.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By Products:

5.2.1. Open CTR systems

5.2.2. Endoscopic CTR systems

Chapter 6. Carpal Tunnel Release Systems Market Segmentation 3: By End-Users Estimates & Trend Analysis

6.1. By End-Users Analysis & Market Share, 2020 & 2030

6.2. Market Size (Value & Volume) & Forecasts and Trend Analyses, 2020 to 2030 for the following By End-Users:

6.2.1. Hospitals

6.2.2. Ambulatory Surgical Centers

6.2.3. Specialty Clinics

Chapter 7. Carpal Tunnel Release Systems Market Segmentation 3: Regional Estimates & Trend Analysis

7.1. North America

7.1.1. North America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Products, 2020-2030

7.1.2. North America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By Applications, 2020-2030

7.1.3. North America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts By End-Users, 2020-2030

7.1.4. North America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) estimates and forecasts by country, 2020-2030

7.1.4.1. U.S.

7.1.4.2. Canada

7.2. Europe

7.2.1. Europe Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Products, 2020-2030

7.2.2. Europe Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Applications, 2020-2030

7.2.3. Europe Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2020-2030

7.2.4. Europe Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

7.2.4.1. Germany

7.2.4.2. Poland

7.2.4.3. France

7.2.4.4. Italy

7.2.4.5. Spain

7.2.4.6. UK

7.2.4.7. Rest of Europe

7.3. Asia Pacific

7.3.1. Asia Pacific Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Products, 2020-2030

7.3.2. Asia Pacific Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Applications, 2020-2030

7.3.3. Asia Pacific Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By End-Users, 2020-2030

7.3.4. Asia Pacific Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) by country, 2020-2030

7.3.4.1. China

7.3.4.2. India

7.3.4.3. Japan

7.3.4.4. Australia

7.3.4.5. Rest of Asia Pacific

7.4. Latin America

7.4.1. Latin America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Products, (US$ Million) 2020-2030

7.4.2. Latin America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Applications, (US$ Million) 2020-2030

7.4.3. Latin America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2020-2030

7.4.4. Latin America Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2030

7.4.4.1. Brazil

7.4.4.2. Rest of Latin America

7.5. MEA

7.5.1. MEA revenue Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Products, (US$ Million) 2020-2030

7.5.2. MEA revenue Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By Applications, (US$ Million) 2020-2030

7.5.3. MEA revenue Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) By End-Users, (US$ Million) 2020-2030

7.5.4. MEA revenue Carpal Tunnel Release Systems Market revenue (US$ Million) and volume (No. of Units) by country, (US$ Million) 2020-2030

7.5.4.1. South Africa

7.5.4.2. Rest of MEA

Chapter 8. Competitive Landscape

8.1. Major Mergers and Acquisitions/Strategic Alliances

8.2. Company Profiles

8.2.1. Stryker Corporation

8.2.2. Smith & Nephew plc.

8.2.3. CONMED Corporation

8.2.4. Arthrex, Inc.

8.2.5. Integra LifeSciences

8.2.6. MicroAire Surgical Instruments, LLC.

8.2.7. Trice Medical

8.2.8. A.M. Surgical Inc.

8.2.9. Sonex Health, LLC.

8.3. List of Other Prominent Players

Global Carpal Tunnel Release Systems Market Segmentation

Global Carpal Tunnel Release Systems Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2030 Based on Products

  • Open CTR systems
  • Endoscopic CTR systems

Global Carpal Tunnel Release Systems Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2030 Based on End-users

  • Hospitals
  • Ambulatory Surgical Centers
  • Specialty Clinics

Global Carpal Tunnel Release Systems Market Size (Value & Volume) & Forecasts and Trend Analyses, 2019 to 2030 Based on Region

  • Europe
  • North America
  • Asia Pacific
  • Latin America
  • Middle East & Africa

Europe Carpal Tunnel Release Systems Market Revenue (US$ Million) and Volume (No. of Units) by Country, 2019 to 2030

  • Germany
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe

North America Carpal Tunnel Release Systems Market Revenue (US$ Million) and Volume (No. of Units) by Country, 2019 to 2030

  • US
  • Canada

Asia Pacific Carpal Tunnel Release Systems Market Revenue (US$ Million) and Volume (No. of Units) by Country, 2019 to 2030

  • India
  • China
  • Japan
  • South Korea
  • Australia & New Zealand

Latin America Carpal Tunnel Release Systems Market Revenue (US$ Million) and Volume (No. of Units) by Country, 2019 to 2030

  • Brazil
  • Mexico
  • Rest of Latin America

 Middle East & Africa Carpal Tunnel Release Systems Market Revenue (US$ Million) and Volume (No. of Units) by Country, 2019 to 2030

  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

 

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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