Carpal Tunnel Release Systems Market to Reach US$ 839.1 Mn by 2028 end Owing Rising Adoption of Surgical Procedures

Carpal Tunnel Release Systems Market

According to the latest market report published by Future Market Insights titled ‘Global Market Study on Carpal Tunnel Release Systems: Endoscopic carpal tunnel release systems segment projected to witness the highest growth over the forecast period. The global carpal tunnel release systems market is projected to expand at a CAGR of 5.5% during the forecast period 2018–2028 and reach US$ 839.1 Mn by the end of 2028.

Market Dynamics

The per capita healthcare expenditure is currently following an uptrend across both developed and developing economies, which is expected to increase the need for quality patient care treatment options. The growing awareness regarding carpal tunnel surgery is expected to fuel the demand for carpal tunnel release systems in the global market. The demand for carpal tunnel release systems is primarily emanating from countries such as the U.S. Germany, the U.K. and Australia due enhanced emergency room coupled with affordability are factors contributing to growing demand for better quality surgical procedure which is responsible for the growth of carpal tunnel release systems market. The leading manufacturers are also collaborating with contract manufacturing organizations for the development of efficient carpal tunnel release systems according to desired product requirements with the belief and determination. The availability of efficient products for the carpal tunnel release surgery is expected to create enormous growth opportunities for the global carpal tunnel release systems market. However, endoscopic surgery is more costly compared to open surgery, owing to which it is not affordable for all the patients. But, over the last decade the number of surgeries by endoscopic carpal tunnel release system have been increased significantly.

Market Forecast

The global carpal tunnel release systems market is segmented on the basis of product type, end user and region. On the basis of product, the market has been segmented into open carpal tunnel release systems and endoscopic carpal tunnel release system. Open carpal tunnel release system segment is expected to remain the leading segment in the global carpal tunnel release systems market, registering a CAGR of 4.5% in terms of value over the forecast period. The advance features of endoscopic carpal tunnel release systems will lead to increased demand over the forecast period. The endoscopic carpal tunnel release systems segment is projected to reach a market valuation of US$ 237.8 Mn by 2028 end. Endoscopic carpal tunnel release systems segment is projected to grow at faster rate than open carpal tunnel release systems for global carpal tunnel release systems market over the forecast period.

On the basis of end user, the market has been segmented into hospitals, ambulatory surgical centers and specialty clinics. Hospitals segment by end user is expected to dominate the global carpal tunnel release systems market in 2018 due to huge number of patient visit hospital for the treatment of carpal tunnel syndrome. Ambulatory surgical center segment is projected to grow at faster rate for global carpal tunnel release systems market over the forecast period owing to increasing demand for out-patient surgical procedures.  The ambulatory surgical center segment is estimated to account a value share of 35.7% of the global carpal tunnel release systems market by 2017 end and it is expected to gain market share of 46.1% by 2028 end for the global carpal tunnel release systems market.

On the basis of region, the 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 in North America.

Competitive Landscape

Some of the top players operating in the global carpal tunnel release systems market such as Stryker Corporation, 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., ,  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 are emphasis on collaboration with distributors to expand their regional presence.

Request Report Sample@  https://www.futuremarketinsights.com/reports/sample/rep-gb-5965

About Sabyasachi Ghosh 38 Articles
Sabyasachi Ghosh is an experienced market research analyst and consultant, with over six years of experience in end-to-end project management. He has worked at numerous leadership positions and has a vast experience of compiling high-quality market research reports. Sabyasachi is an authoritative voice in the market research sector, and has been cited in top industry publications. He is a travel junkie, and loves to travel far and wide with his friends.