Market Overview:

Carpal Tunnel Release Market size is expected to reach $982.5 Million by 2031 after growing at a CAGR of 5.5% during the forecast period 2025-2031, according to the latest market research report published by IndustryARC titled “Carpal Tunnel Release Market” –  By Procedure Type (Open Carpal Tunnel Release Surgery, Endoscopic Carpal Tunnel Release Surgery, and Ultrasound-guided Carpal Tunnel Release), By Product Type (Instruments and Surgical Devices, Endoscopic Devices, Implants & Fixation Devices, CTS Relief Kit, and Others), By End-Use Industry (Hospitals, Outpatient Surgery, Speciality Clinics), and By Geography Analysis - Global Opportunity Analysis & Industry Forecast, 2025-2031.
 
The growing adoption of minimally invasive procedures, growing trends in the adoption of Ambulatory Surgery Centers (ASCs), increasing aging population, and risky occupational sectors requiring repetitive hand movements set to drive the market growth. 

North America Dominated the Market in 2024

North America held the majority market share of 34% in 2024 driven by high healthcare expenditure, advanced medical technology and a growing widespread incidence of carpal tunnel syndrome (CTS). The United States and Canada lead the region, with an increasing number of minimally invasive CTR procedures performed annually. In March 2024, Sonex Health, Inc. and The Institute of Advanced Ultrasound Guided Procedure announced the enrollment of the first patient for a mission, which is designed to be the largest multi-center clinical study in the United States assessing the treatment of patients suffering from carpal tunnel syndrome. This study will collect real-world, long-term data on patients suffering from carpal tunnel syndrome (CTS) who are treated with a carpal tunnel release (CTR) procedure using Sonex Health's commercially available device, UltraGuideCTR™ using real-time ultrasound guidance (CTR-US). 

Carpal Tunnel Release Market: Key Takeaways

Increasing Accessibility for Healthcare Expenditure 

The rising healthcare accessibility and expenditure are key factors driving the Carpal Tunnel Release (CTR) market. Government initiatives and private investments are expanding access to affordable surgical procedures, especially in emerging countries like India, China, and Brazil are seeing increased funding for outpatient surgery centers (OSCs) and hospitals, making minimally invasive CTR procedures more accessible. Due to the increase of more patients gaining access to cost-effective and advanced CTR techniques, the market is set for steady growth, improving results for those suffering from carpal tunnel syndrome (CTS) worldwide. Health insurance coverage is also improving, reducing out-of-pocket costs for patients seeking carpal tunnel surgery. In March 2024, according to the National Library of Medicine, improved health insurance plans like high-deductible health plans (HDHP, had an overall rate of 28% of patients covered for Carpal Tunnel Release Surgery compared with 20% of traditional insurance patients. Among the patients who underwent surgery, HDHP patients underwent surgery 65 days earlier on average following diagnosis compared with traditional patients. 

For More Queries About "Carpal Tunnel Release Market" @ https://www.industryarc.com/pdfdownload.php?id=19667

Rise in Increasing Awareness and Early Diagnosis 

The increasing awareness of carpal tunnel syndrome (CTS) and the benefits of awareness of early diagnosis are key factors fuelling the Carpal Tunnel Release (CTR) market. Advancements in diagnostic tools, telemedicine, and wearable health technology are making early detection more accessible. Workplace initiatives and public health campaigns further contribute to better awareness, especially among professionals at risk for repetitive strain injuries (RSIs). Recent advancements in wearable technology are allowing continuous monitoring of wrist movements and pressure. This technology helps identify patterns of repetitive strain that contribute to CTS. The data collected can be used to make personalized ergonomic recommendations, helping to prevent further nerve damage and manage early symptoms. In April 2024, Osso VR launched the Osso Health training app for use with Apple Vision Pro. The app is compatible for Carpal Tunnel Release and total knee replacement.

Scope of the Report:

Report Metric

Details

Base Year Considered

2024

Forecast Period

2025–2031

CAGR

5.5%

Market Size in 2031

$982.5 Million

Segments Covered

By Procedure, By Product Type, By End-Use Industry, and By Geography





Geographies Covered

North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain, Russia and Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and Rest of South America), Rest of the World (Middle East and Africa).





Key Market Players

1. Stryker Corporation

   2. MicroAire Surgical Instruments

   3. Arthrex, Inc

   4. Trice Medical

  5. Smith & Nephew plc

  6. Innomed, Inc

  7. AM Surgical Inc

  8. CONMED Corporation

  9. Integra LifeSciences Corporation

10. Sonex Health, LLC


Recent Developments:

• In April 2024, Osso VR announced the launch of the Osso Health medical training app for use with Apple Vision Pro. The Osso Health app simulates a surgical environment for surgeons to practice detailed steps of the OR workflow. The app is compatible for carpal tunnel release and total knee replacement.

• In September 2023, Sonex Health announced the closing of a Series B financing, raising a total of $40 million. The proceeds from this investment will be used to significantly expand access of the company’s commercially available devices that use ultrasound guidance to treat patients suffering from carpal tunnel syndrome.

Carpal Tunnel Release Market: Competitive Landscape

Key companies profiled in the Carpal Tunnel Release Market are Stryker Corporation, MicroAire Surgical Instruments, Arthrex, Inc, Trice Medical, Smith & Nephew plc, Innomed, Inc, AM Surgical Inc, CONMED Corporation, Integra LifeSciences Corporation, and Sonex Health, LLC. 
Related Reports:

Endoscopy Equipment Market - The Endoscopy Equipment Market size is estimated to reach $50 Million by 2030, growing at a CAGR of 7.1% during the forecast period 2024-2030. Endoscopes are one of the most common medical imaging tools used in the medical world. However, unlike other imaging devices, endoscopes are inserted directly into the organ by a doctor or surgeon.

Endoscopic Camera System Market - Endoscopic Camera System Market Size is forecast to reach $ 2598 Million by 2030, at a CAGR of 7.40% during forecast period 2024-2030. Endoscopic camera systems are used in the process of endoscopy. They are used by the doctors to view vessels and biological systems inside the body.

Orthopedic Devices Market - The laws regulating the orthotic devices market across the globe vary from region to region. However, they all are similar in one aspect that is the quality and standards of the raw materials used and the final device. The orthotic devices industry in its nascent stage is self – regulated with no strict adherence policy.

About IndustryARC™:

IndustryARC primarily focuses on Market Research and Consulting Services specific to Cutting Edge Technologies and Newer Application segments of the market. The company’s Custom Research Services are designed to provide insights into the constant flux in the global demand-supply gap of markets.
IndustryARC’s goal is to provide the right information required by the stakeholder at the right point in time, in a format which assists an intelligent and informed decision-making process.

Contact Us:

Mr. Venkat Reddy
IndustryARC
USA: (+1) 518-282-4727