Carpal tunnel release surgery is a procedure that assists in the treatment of carpal tunnel syndrome. Carpal tunnel syndrome is a condition that induces tingling, numbness, and pain in the hands. Repetitive motion dysfunction is the cause of this condition, which is caused by constantly moving the hand at work. According to current studies, a small number of people have smaller carpal tunnels than others, and this tendency can be passed on to future generations. The rapid growth of carpal tunnel syndromes, the favourable reimbursement scenario in this process, and the low costs incurred in the carpal tunnel release system are driving the market growth of carpal tunnel release systems.
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Key Driving Factors: Patients are more mindful of what's going on:
Over the forecast period of 2021-2027, increased awareness among patients suffering from carpal tunnel syndrome in relation to carpal tunnel surgeries is expected to drive the global demand for carpal tunnel release (CTR) systems. Furthermore, through 2027, the success rate of carpal tunnel release procedures would fuel demand for carpal tunnel release systems. Future Market Insights (FMI) expects steady growth for the global market for carpal tunnel release systems in its newly published intelligence outlook.
This report offers the major market player’s profiles, such as Trice Medical Inc, Sonex Health LLC, Smith & Nephew plc, Stryker Corporation, Innomed, Inc, Integra LifeSciences Holdings Corporation, MicroAire Surgical Instruments, LLC, Arthrex Inc, CONMED Corporation and A.M. Surgical Inc.
Opportunities: In the global market for carpal tunnel release systems, ambulatory surgical centres offer a lucrative opportunity:
Ambulatory care, also known as outpatient care, is medical care that is given outside of a hospital setting. Surgical procedures have become increasingly important to the global health community and governments in recent decades, including in low- and middle-income countries. As a result, the number of surgical procedures performed to resolve the global disease burden, including carpal tunnel syndrome, has increased dramatically, leading to an increase in the use and adoption of carpal tunnel release systems. With the transition to value-based treatment in recent years, ambulatory service sites, especially those that provide physician office-based procedures and ambulatory surgery, have become fierce competitors for hospitals and healthcare systems. Ambulatory surgery centres (ASCs) are gaining in popularity around the world because they offer both operational and economic efficiencies, allowing for easy patient access, very favourable pricing, and more opportunities for physician participation. As a result of the the number of carpal tunnel release surgeries, the market being studied is expected to grow in the future.
The carpal tunnel release systems market based on product is divided into open carpal tunnel release systems and endoscopic carpal tunnel release systems depending on the product. The endoscopic carpal tunnel release system segment is expected to produce the majority of demand in the product segment. Since the endoscopic carpal tunnel release system is less dangerous than the open carpal tunnel release system and therefore results in less post-surgery pain in the palm, this section is in high demand.
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Published Date : April-2021