COVID-19 Impact and Recovery Analysis- Carpal Tunnel Release Systems Market

The Carpal Tunnel Release Systems Market – Global Market Share, Trends, Analysis and Forecasts, 2020-2030 provides insights on key developments, business strategies, research & development activities, production and consumption, supply chain analysis, competitive landscape, and market composition analysis.

Carpal tunnel release is a minimal invasive surgical procedure for treatment of carpal tunnel syndrome. In carpal tunnel syndrome, the median nerve gets compressed in the carpel tunnel and causes numbness or tightening of hand, pain and loss of function. Carpel tunnel syndrome is caused due to repetitive motion performed by wrist, overuse injury such as sprain or fracture, or repetitive use of vibrating tools. The open surgical methods for treatment of carpal tunnel were in implementation for a long duration and are getting obsolete with advancement in medical technologies as it used to be laborious and painful. On the contrary, the carpal tunnel release system is a minimal invasive surgical method and is less painful and more efficient. The global carpal tunnel release system market is anticipated to grow at a steady compound annual growth rate during the forecast period owing to widening application base worldwide.

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Rising demand for sophisticated and precise surgical instruments is anticipated to spur the adoption of endoscopic carpal tunnel release systems

The global carpal tunnel release systems market is segmented based on product type, end user, and geography. Based on product type, the global carpal tunnel release systems market is segmented into open carpal tunnel release system and endoscopic carpal tunnel release system. The endoscopic carpal tunnel release system contributed the largest share to the global carpal tunnel release system market in 2019 and is anticipated to be the fastest growing product type during the forecast period. Rising demand for sophisticated and efficient surgical methods is anticipated to be the primary factor fuelling the adoption and growth of endoscopic carpal tunnel release systems. The open carpel tunnel release system is anticipated to grow at a steady rate during the forecast period.

Increasing number of hospitals and rising demand from specialty clinics to drive demand for carpel tunnel release system

Based on end user, the global carpal tunnel release system market is segmented into hospitals, speciality clinics, and ambulatory surgical centres. The use of carpal tunnel release system in hospitals contributed the highest share to the global carpal tunnel release system in 2019. Increasing number of hospitals and rising incidences of carpal tunnel surgeries fuelled by the occupational hazards are expected to be the major factors fuelling the demand from hospitals. The demand for carpal tunnel release system from speciality clinics is anticipated to be higher than other end use segments.

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Based on geography, the global carpal tunnel release systems market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America contributed the largest share to the global carpal tunnel release systems market and is anticipated to continue its dominance throughout the forecast period owing to the presence of global players, well established healthcare infrastructure, and robust distribution network. Europe is anticipated to grow at a prominent rate and Asia Pacific would be the fastest growing geography during the forecast period.