Global Carpal Tunnel Release Systems Market Industry Analysis and Opportunity As
Posted by Arslan on December 27th, 2018
In order to study the various trends and patterns prevailing in the concerned market, Market Research Reports Search Engine (MRRSE) has included a new report titled “Carpal Tunnel Release Systems Market” to its wide online database. This research assessment offers a clear insight about the influential factors that are expected to transform the global market in the near future.
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The global carpal tunnel release systems market is expected to be worth US$ 839.1 Mn in 2028, it is projected to increase at a CAGR of 5.5% through 2028. North America is large market, which accounted for US$ 150.3 Mn in 2017, and is expected to grow at a CAGR of 3.6%.
Factors and Trends Impacting the Growth of the Market
In this emerging world of technology, smart phones and laptops have become important devices. According to a survey, people spend maximum hours of the day using laptops and phones than they do asleep. People spend an average of 8 hours 21 minutes sleeping a day – but spend an average of 8 hours 41 minutes on these devices. Thus, changing lifestyle is expected to increase the prevalence of carpal tunnel syndrome, and consequently drive the demand for carpal tunnel release systems globally. Out-patient surgeries result in lower healthcare expenditure, and they are generally preferred for cover by the insurance payers offering medical reimbursement services. In addition, out-patient surgeries do not require overnight or prolonged stays in hospitals. The number of carpal tunnel surgeries performed in outpatients centers have increased since the last decade resulting rising demand of carpal tunnel release systems.
Carpal tunnel syndrome is one of the most common neuropathies, which occurs in the upper extremity of the body. According to the WHO, approximately 1% of the global population suffers from carpal tunnel syndrome every year. Carpal tunnel syndrome is the most common neuropathy found in people working in manufacturing facilities. According to the CEPR, approximately 17 to 19 million people were employed in manufacturing facilities in 2016. Thus, increasing number of people working in manufacturing facilities is expected to increase the prevalence of carpal tunnel syndrome across the globe which will ultimately boost the revenue growth of carpal tunnel release systems market.
On the basis of region, the carpal tunnel release systems 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.
Some of the top players operating in the global carpal tunnel release systems market such as 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., Stryker Corporation, 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 market are emphasis on collaboration with distributors to expand their regional presence.
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About the AuthorArslan
Joined: December 18th, 2017
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