Anticipated to grow at a robust 5.5% CAGR, the global carpal tunnel release systems market is poised for substantial expansion. Starting at a valuation of US$ 593.9 Mn in 2022, it is projected to reach US$ 863.2 Mn by 2029. This promising trajectory reflects rising demand for advanced healthcare solutions addressing carpal tunnel syndrome and underscores the market’s potential for significant growth.
Surgical, Inc. developed an endoscopic carpal tunnel release system, which allows a clear view of the surgical field and structure of the median nerve. Leading manufacturers are collaborating with contract manufacturing organizations for the development of efficient carpal tunnel release systems. In June 2021, A.M. Surgical Inc. entered into a new comprehensive product development and manufacturing agreement with Medigus Ltd for an integrated visualization device.
Although endoscopic surgeries are cost-intensive, advantages such as fewer incisions, reduced recovery time, and favorable reimbursement policies are boosting their adoption rate.
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Key Takeaways – Carpal Tunnel Release Systems Market Study
- Owing to increasing preference for open carpal tunnel release systems for surgeries, open carpal tunnel release systems continue to contribute a significant market share.
- Demand for endoscopic carpal tunnel release system is expected to gain traction during the forecast period owing to increasing adoption of minimally invasive endoscopic surgery.
- Increasing patient visits to hospitals for carpal tunnel syndrome treatment is expected to increase market share of hospitals in terms of end user.
- Owing to rising number of carpal tunnel release surgeries along with reimbursement policies, Europe is expected to be significant revenue generator.
Innovative Product Launches Strategic Focus of Manufacturers
Stryker Corporation and Smith & Nephew plc. are among the leading market players in the carpal tunnel release systems market. These manufacturers continue to dominate the market landscape of carpal tunnel release systems by ensuring product availability, strengthening manufacturing facilities, and strategizing R&D for diversification of product portfolio. The market positioning acquired by Arthrex, Inc. through its innovative brand Centerline helped it maintain significant market share.
Key Companies Profiled:
- Stryker Corporation,
- Smith & Nephew plc
- CONMED Corporation,
- Arthrex, Inc.,
- Integra LifeSciences,
- MicroAire Surgical Instruments, LLC.
- E.G-WAY Orthopaedics Inc.,
- M. Surgical Inc.,
- Sonex Health, LLC,
- Innomed, Inc.
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Carpal Tunnel Release Systems Market by Category
By Product Types:
- Open CTR System
- Endoscopic CTR System
By End User:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
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