(EMAILWIRE.COM, July 19, 2024 ) InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the “Global Carpal Tunnel Release Systems Market Size, Share & Trends Analysis Report By Products (Open CTR systems and Endoscopic CTR systems), End-Users (Hospitals, Ambulatory Surgical Centers, and Specialty Clinics)- Market Outlook And Industry Analysis 2031”
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Carpal Tunnel Syndrome (CTS) arises from the compression of the median nerve in the wrist’s carpal tunnel, leading to symptoms such as numbness, tingling, weakness, and pain in the hand and fingers. Carpal Tunnel Release Systems are medical devices designed to alleviate these symptoms through surgical intervention.
The procedure involves cutting the transverse carpal ligament to relieve pressure on the median nerve. Two primary techniques are employed: Open Carpal Tunnel Release (OCTR) Systems, like the CTS Relief Kit from CONMED, which utilize a single, larger incision for direct ligament visualization and cutting; and Endoscopic Carpal Tunnel Release (ECTR) Systems, such as the Centerline system from Arthrex and the SmartRelease system from Microaire, which employ smaller incisions and an endoscope for minimally invasive ligament release.
These systems play a crucial role in improving hand and wrist function by effectively treating CTS symptoms. The market for Carpal Tunnel Release Systems is driven by the increasing prevalence of CTS, influenced by aging populations, rising obesity rates, and repetitive hand use.
Endoscopic systems are gaining popularity due to benefits such as reduced postoperative pain, quicker recovery times, and smaller scars, though open techniques remain relevant for complex cases.
As technological advancements continue and demand for effective treatment options grows, the market for Carpal Tunnel Release Systems is expected to exhibit steady growth in the years ahead.
List of Prominent Players in the Carpal Tunnel Release Systems Market:
Stryker Corporation
Smith & Nephew plc.
CONMED Corporation
Arthrex, Inc.
Integra LifeSciences
MicroAire Surgical Instruments, LLC.
Trice Medical
M. Surgical Inc.
Sonex Health, LLC.
Other Prominent Players
Market Dynamics:
Drivers-
The rising global prevalence of Carpal Tunnel Syndrome (CTS), driven by factors like repetitive hand movements, sedentary lifestyles, and an aging population, serves as a significant driver for the Carpal Tunnel Release Systems market. These systems, which include both open and advanced endoscopic techniques, are increasingly sought after for their ability to effectively treat CTS symptoms. Technological advancements, such as minimally invasive endoscopic procedures and robotic-assisted techniques, are further enhancing the precision and outcomes of these treatments
The growing preference for minimally invasive procedures, which offer advantages like smaller incisions, reduced postoperative pain, and faster recovery times, is also contributing to the market’s expansion. Moreover, favorable reimbursement policies in various regions are supporting market growth by improving access to these innovative treatment options for Carpal Tunnel Syndrome.
Challenges:
The Carpal Tunnel Release Systems market faces competition from conservative therapies and minimally invasive alternatives like ultrasound-guided percutaneous release. These alternatives pose challenges by offering less invasive treatment options. Both open and endoscopic procedures carry risks of complications such as nerve injury and infection, underscoring the importance of improving awareness and education about the benefits of advanced, minimally invasive carpal tunnel release systems among healthcare providers and patients.
Regional Trends:
North America, particularly the United States, experiences a high prevalence of carpal tunnel syndrome, attributed to factors such as an aging population, obesity, and repetitive hand-intensive work. The region benefits from a robust healthcare infrastructure with advanced medical facilities and a skilled surgeon workforce capable of performing carpal tunnel release procedures effectively. Strong reimbursement coverage from insurance and Medicare in the US ensures accessibility to these procedures, thereby driving adoption of the latest treatment options. North America, particularly the US, also leads in the early adoption of new medical technologies, including innovative carpal tunnel release systems equipped with advanced features, reinforcing its position at the forefront of medical innovation in this field.
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Recent Developments:
In March 2024, Sonex Health, Inc. and The Institute of Advanced Ultrasound Guided Procedures have initiated enrollment for the first patient in the Post-Market Registry for the Patient Experience using UltraGuideCTR for Carpal Tunnel Release (MISSION) registry.
In Jan 2021, Smith+Nephew, the global medical technology company, has successfully completed the acquisition of Integra LifeSciences Holdings Corporation’s Extremity Orthopaedics business for $240 million
In April 2020, Trice Medical has announced the launch of Seg-WAY ECTR-d, touted as the world’s first fully disposable endoscopic carpal tunnel release system. Available for immediate sale in the United States, ECTR-d allows surgeons to conduct endoscopic carpal tunnel release surgery without the need for traditional reusable instruments and cameras.
Segmentation of Carpal Tunnel Release Systems Market-
By Products:
Open CTR systems
Endoscopic CTR systems
By End-users:
Hospitals
Ambulatory Surgical Centers
Specialty Clinic
By Region-
North America-
The US
Canada
Mexico
Europe-
Germany
The UK
France
Italy
Spain
Rest of Europe
Asia-Pacific-
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America-
Brazil
Argentina
Rest of Latin America
Middle East & Africa-
GCC Countries
South Africa
Rest of Middle East and Africa
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