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The global carpal tunnel release systems market contributed for more than 1.0% market share to its parent market orthopaedic devices market, which accounted for around USD 50.0 billion by 2021.
Carpal tunnel syndrome (CTS) is a common neurological disorder that occurs when the median nerve, which runs from forearm into the palm of the hand, becomes pressed or squeezed at the wrist. One may feel numbness, weakness, pain in hand and wrist, and fingers may become swollen and useless.
Global Market Size, Forecast, and Trend Analysis Over Projected Period 2023 - 2036
| Base Year | 2023 |
| Forecast Year | 2024-2036 |
| CAGR | 5.50% |
| Base Year Market Size (2023) | USD 623.4 Million |
| Forecast Year Market Size (2036) | USD 1063.2 Million |
Epidemiology analysis:
The prevalence of CTS has been reported to be around 1- 5% in the general population according to NCBI studies. The incidence of CTS in the general population ranges from 1% to 5%. CTS is more prevalent in females than males, with a 3:1 female-to-male ratio. The risk of developing CTS is doubled in individuals who are obese. The prevalence of carpel tunnel syndrome is increasing drastically due to various factors such as diabetes, thyroid disorder, and fluid retention issue in pregnant women, high blood pressure, and autoimmune disorders such as rheumatoid arthritis.
The primary causes of carpel tunnel syndrome are positioning of the wrists while using keyboard or mouse, continued exposure to vibrations from using hand tools or power tools or similar vibration creating instruments, and any repeated movement that overextends the wrist, such as playing the piano or typing.
Majority of fractures to the wrist lead to carpel tunnel syndrome. According to Musculoskeletal Key, a search engine dedicated to musculoskeletal ailment related insights, acute carpel tunnel syndrome has been reported to occur in 7% of all distal radius fractures.
Also, according to Evaluation and Management of Osteoporosis and Sarcopenia paper by The Korean Orthopedic Association published in February 2020, distal radius fractures (DRFs) are the most common type of upper extremity fracture caused in in older population especially in women.
Market Enablers:
In Addition, increasing number of acquisitions of brands and segments in the market by the key market players is also helping the market to push forward and improve the manufacturing and distribution of products in the carpal tunnel release systems market.
Regional market Outlook:
Strategic Insights:
For instance, in January 2021, Stryker acquired OrthoSensor a leader in the digital evolution of musculoskeletal care and sensor technology for total joint replacement. This acquisition promises Stryker to enhance its orthopedic segment by adding intelligent devices and data services to its portfolio.