Report ID: 10352388 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
Global Carpal Tunnel Release Systems Market Highlights Over 2021 - 2031
The global carpal tunnel release systems market is estimated to garner a revenue of USD 1049.3 Million by the end of 2031 by growing at a CAGR of 5.7% over the forecast period, i.e., 2022 – 2031. Moreover, in the year 2021, the market registered a revenue of USD 608.6 Million. The growth of the market can be attributed to the rising prevalence of carpal tunnel syndrome (CTS) globally which registered an estimated prevalence rate between 1% and 5% amongst the general population. In addition to this, the increasing availability of safe and reliable products for the treatment of the disease and the rising awareness for carpal tunnel endoscopic surgeries are also projected to drive the growth of the market during the forecast period.
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On the other hand, the rising healthcare expenditure globally and the surge in healthcare reimbursement policies are also anticipated to contribute to the growth of the market in the coming years. According to the statistics by the World Bank, the current health expenditure (as a share of GDP) touched 9.845% in the year 2019, up from 9.092% in the year 2008.
Global Carpal Tunnel Release Systems Market Regional Synopsis
Regionally, the global carpal tunnel release systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in North America is anticipated to garner the largest revenue of USD 381.9 Million by the end of 2031, up from a revenue of USD 234.3 Million in the year 2021. The market growth in the region can primarily be attributed to the increasing healthcare expenditure in the region, especially in the United States. For instance, according to the statistics by the Centers for Medicare & Medicaid Services (CMS), the healthcare spending in the United States reached USD 4.1 Trillion in the year 2020 by growing at 9.7%. Moreover, as a share of the nation’s GDP, health spending in the nation touched 19.7% in the same year.
On the other hand, the market in Europe is anticipated to garner the second-largest revenue of USD 317.9 Million by the end of 2031, up from a revenue of USD 189.9 Million in the year 2021. The market in the region is further segmented by country into Germany, Italy, United Kingdom, France, Spain, Russia, Netherlands, and the Rest of Europe. The market in the United Kingdom is projected to garner the largest revenue of USD 58.5 Million by the end of 2031, up from a revenue of USD 33.2 Million in the year 2021.
Growth Drivers and Challenges Impacting the Growth of the Global Carpal Tunnel Release Systems Market
Growth Drivers
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Rising Healthcare Expenditure
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Growing Prevalence of Carpal Tunnel Syndrome (CTS)
Challenges
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Stringent Regulatory Norms
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Lack of Awareness for the Availability of the Product
Global Carpal Tunnel Release Systems Market Segmentation Synopsis
The global carpal tunnel release systems market is segmented by product into open carpal release systems and endoscopic carpal release systems. The open carpal release systems segment is projected to garner the largest revenue by the end of 2031, while the endoscopic carpal release systems segment is projected to grow with the highest CAGR of 6.4% during the forecast period. Further, the market is segmented by end-use into hospitals, ambulatory surgical centers, and specialty clinics. The hospitals segment is projected to garner the largest revenue of USD 546.6 Million by the end of 2031, up from a revenue of USD 327.6 Million in the year 2021.
Key Companies Dominating the Market
Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global carpal tunnel release systems market that are included in our report are Stryker Corporation, A.M. Surgical, Inc., Arthrex, Inc., CONMED Corporation, Integra LifeSciences Corporation, Medical Designs LLC, MicroAire Surgical Instruments, LLC, Smith & Nephew plc, Trice Medical, Sonex Health Inc., and others.
Latest Developments in the Global Carpal Tunnel Release Systems Market:
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January 27th, 2022: Sonex Health Inc. announced that it has released the first trigger finger release (TFR) procedures in the United States. The procedure which is performed using UltraGuideTFR device, the hand-held device developed by Sonex for the treatment of trigger finger syndrome.
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February 7th, 2019: Trice Medical announced that it would be acquiring the minimally invasive orthopedic procedure solution provider, S.E.G-WAY Orthopedics (SegWAY). The acquisition would allow Trice to offer both minimally invasive and surgical solutions and also enhance its expertise in minimally invasive carpal tunnel surgeries with the Endoscopic Carpal Tunnel Release (ETCR) of SegWAY.
Key Reasons to Buy Our Report
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The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.
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It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.
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The report includes detailed company profiles of the major players dominating the market.
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We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.
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We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.
1. Market Definition
1.1. Definition
1.2.Market Segmentation
2. Assumptions and Acronyms
3. Research Methodology
3.1.Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
4. Executive Summary – Global Carpal Tunnel Release Systems Market
5. Value Chain Analysis
6. Market Dynamics
6.1.Market Drivers
6.2. Market Trends
7. Key Market Opportunities
8. Major Roadblocks for the Market Growth
9. Regulatory and Standards Landscape
10. Industry Risk Analysis
11. Pricing Analysis of Carpal Tunnel Release Systems
12.Impact of COVID-19 on the Carpal Tunnel Release Systems Market
13.Analysis on the Key End Use of Carpal Tunnel Release Systems
14.Product Feature Analysis
15. Competitive Structure
15.1. Market Share Analysis, 2021
15.2. Competitive Benchmarking
15.3. Company Profiles
15.3.1. Stryker Corporation
15.3.2. A.M. Surgical, Inc.
15.3.3. Arthrex, Inc.
15.3.4. CONMED Corporation
15.3.5. Integra LifeSciences Corporation
15.3.6. Medical Designs LLC
15.3.7. MicroAire Surgical Instruments, LLC
15.3.8. Smith & Nephew plc
15.3.9. Trice Medical
15.3.10. Sonex Health Inc.
16.Global Carpal Tunnel Release Systems Market 2021-2031
16.1. Market Overview
16.2. By Value (USD Million)
16.2.1. Product
16.2.1.1. Open Carpal Tunnel Release System, 2021-2031F (USD Million)
16.2.1.2. Endoscopic Carpal Tunnel Release System, 2021-2031F (USD Million)
16.2.2. End-Use
16.2.2.1. Hospitals, 2021-2031F (USD Million)
16.2.2.2. Ambulatory Surgical Centers, 2021-2031F (USD Million)
16.2.2.3. Specialty Clinics, 2021-2031F (USD Million)
16.2.3. Region
16.2.3.1. North America, 2021-2031F (USD Million)
16.2.3.2. Europe, 2021-2031F (USD Million)
16.2.3.3. Asia Pacific, 2021-2031F (USD Million)
16.2.3.4. Latin America, 2021-2031F (USD Million)
16.2.3.5. Middle East & Africa, 2021-2031F (USD Million)
17. North America Carpal Tunnel Release Systems Market 2021-2031
17.1. Market Overview
17.2. By Value (USD Million)
17.2.1. Product
17.2.1.1. Open Carpal Tunnel Release System, 2021-2031F (USD Million)
17.2.1.2. Endoscopic Carpal Tunnel Release System, 2021-2031F (USD Million)
17.2.2. End-Use
17.2.2.1. Hospitals, 2021-2031F (USD Million)
17.2.2.2. Ambulatory Surgical Centers, 2021-2031F (USD Million)
17.2.2.3. Specialty Clinics, 2021-2031F (USD Million)
17.2.3. Country
17.2.3.1. United States, 2021-2031F (USD Million)
17.2.3.2. Canada, 2021-2031F (USD Million)
18.Europe Carpal Tunnel Release Systems Market 2021-2031
18.1. Market Overview
18.2. By Value (USD Million)
18.2.1. Product
18.2.2. End-Use
18.2.3. Country
18.2.3.1. United Kingdom, 2021-2031F (USD Million)
18.2.3.2. Germany, 2021-2031F (USD Million)
18.2.3.3. Italy, 2021-2031F (USD Million)
18.2.3.4. France, 2021-2031F (USD Million)
18.2.3.5. Spain, 2021-2031F (USD Million)
18.2.3.6. Russia, 2021-2031F (USD Million)
18.2.3.7. Netherlands, 2021-2031F (USD Million)
18.2.3.8. Rest of Europe, 2021-2031F (USD Million)
19.Asia Pacific Carpal Tunnel Release Systems Market 2021-2031
19.1. Market Overview
19.2. By Value (USD Million)
19.2.1. Product
19.2.2. End-Use
19.2.3. Country
19.2.3.1. China, 2021-2031F (USD Million)
19.2.3.2. India, 2021-2031F (USD Million)
19.2.3.3. Japan, 2021-2031F (USD Million)
19.2.3.4. South Korea, 2021-2031F (USD Million)
19.2.3.5. Australia, 2021-2031F (USD Million)
19.2.3.6. Singapore, 2021-2031F (USD Million)
19.2.3.7. Rest of Asia Pacific, 2021-2031F (USD Million)
20. Latin America Carpal Tunnel Release Systems Market 2021-2031
20.1. Market Overview
20.2. By Value (USD Million)
20.2.1. Product
20.2.2. End-Use
20.2.3. Country
20.2.3.1. Brazil, 2021-2031F (USD Million)
20.2.3.2. Mexico, 2021-2031F (USD Million)
20.2.3.3. Argentina, 2021-2031F (USD Million)
20.2.3.4. Rest of Latin America, 2021-2031F (USD Million)
21.Middle East & Africa Carpal Tunnel Release Systems Market 2021-2031
21.1. Market Overview
21.2. By Value (USD Million)
21.2.1. Product
21.2.2. End-Use
21.2.3. Country
21.2.3.1. GCC, 2021-2031F (USD Million)
21.2.3.2. Israel, 2021-2031F (USD Million)
21.2.3.3. South Africa, 2021-2031F (USD Million)
21.2.3.4. Rest of Middle East & Africa, 2021-2031F (USD Million)
Frequently Asked Question
The market is segmented by product, end-use, and by region.
The hospitals segment is projected to garner the largest revenue of USD 546.6 Million by the end of 2031 and display significant growth opportunities.
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Report ID: 10352388 |
Published Date: 21 Mar 2025 |
Report Format: |
Delivery Timeline: 48-72 Business Hours
