DUBLIN--(BUSINESS WIRE)--The "Carpal Tunnel Release Systems Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The Carpal Tunnel Release Systems market is anticipated to grow with a CAGR of nearly 4.9%, during the forecast period. Certain factors that are driving the market growth include the increasing prevalence of Carpal Tunnel Syndrome (CTS), lower procedure costs and improved medical reimbursement coverage for CT surgeries.
Key Market Trends
Ambulatory Surgical Centers show Lucrative Opportunity in the Global Carpal Tunnel Release Systems Market
Ambulatory care or outpatient care is medical care that is provided on an outpatient basis. Throughout the past few decades, surgery has been increasingly prioritized by the global health community or governments even in low- and middle-income countries. As a result, the number of surgical procedures has risen significantly, in order to address the global disease burden including that of carpal tunnel syndrome, thus leading to a rise in utilization and adoption of carpal tunnel release systems.
Over the past few years, with the move to value-based care, hospitals and healthcare systems are facing extreme competition from ambulatory service sites, particularly those which offer physician office-based procedures, and ambulatory surgery. Gaining in popularity across the globe, ambulatory surgery centers (ASCs) provide both operational and economic efficiencies, enabling ease of patient access, very competitive pricing, and increased opportunities for physician engagement. Thus, with the increasing number of carpal tunnel release surgeries, the studied market is expected to increase in the future.
North America Dominates the Global Carpal Tunnel Release Systems Market
North American dominates the Carpal Tunnel Release Systems products market primarily due to high awareness regarding such health conditions. In addition, the rising prevalence of the condition is also fueling the market growth across the region.
According to the 2020 article, titled Carpal Tunnel Syndrome (Justin O. Sevy; Matthew Varacallo), in the United States, carpal tunnel syndrome has an incidence of 1 to 3 persons per 1000 per year, with a prevalence of 50 per 1000, with similar incidence and prevalence in most developed countries (2018). It most commonly affects whites, has up to a 10 to 1 predominance in females, and has a peak age of 46 to 60.
Competitive Landscape
The global Carpal Tunnel Release Systems market is competitive and consists of a few major players. Companies like AM Surgical Inc., Arthrex, Inc., CONMED Corporation, Integra LifeSciences Corporation, Medical Designs, LLC, MicroAire Surgical Instruments, LLC., Smith & Nephew plc, Stryker Corporation, Trice Medical, among others, hold the substantial market share in the market.
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing prevalence of Carpal Tunnel Syndrome (CTS)
4.2.2 Lower Procedure Costs and Improved Medical Reimbursement Coverage for CT Surgeries
4.3 Market Restraints
4.3.1 Lack of awareness about the syndrome
4.4 Porter's Five Force Analysis
5 MARKET SEGMENTATION
5.1 By Product Type
5.1.1 Open Carpal Tunnel Release System
5.1.2 Endoscopic Carpal Tunnel Release System
5.2 By End-User
5.2.1 Hospitals
5.2.2 Ambulatory Surgical Centres
5.2.3 Others
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 AM Surgical Inc.
6.1.2 Arthrex, Inc.
6.1.3 CONMED Corporation
6.1.4 Integra LifeSciences Corporation
6.1.5 Medical Designs, LLC
6.1.6 MicroAire Surgical Instruments, LLC.
6.1.7 Smith & Nephew plc
6.1.8 Stryker Corporation
6.1.9 Trice Medical
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
For more information about this report visit https://www.researchandmarkets.com/r/dmgo0h
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