In Carpal Tunnel Syndrome Drug Market report, a systematic investment analysis has been performed which forecasts impending opportunities for the market players. The statistical and numerical data that has been included in this market report is represented with the tables, graphs and charts which eases the understanding of facts and figures. A proficient data and excellent forecasting techniques used in this report are synonymous with accurateness and correctness. Carpal Tunnel Syndrome Drug Market report is a painstaking analysis of existing scenario of the market which covers several market dynamics. The market study of this global Carpal Tunnel Syndrome Drug Market business report takes into consideration market attractiveness analysis where each segment is benchmarked based on its market size, growth rate & general attractiveness.
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Carpal tunnel syndrome drug market is growing at a steady CAGR in the forecast period of 2020-2027. The report contains data of the base year 2019 and historic year 2018. This rise in market value can be attributed to the growing prevalence of carpal tunnel syndrome.
Major players in the carpal tunnel syndrome drug market are GlaxoSmithKline plc, ALLERGAN, Pfizer Inc, Johnson & Johnson Services, Inc, Novartis AG, Teva Pharmaceutical Industries Ltd, Bristol-Myers Squibb Company, WOCKHARDT, Mylan N.V, Aurobindo Pharma, Arthrex, Inc, Eisai Co., Ltd, Pressure Profile Systems, Endo Pharmaceuticals Inc, PAVmed Inc, Avadim Health, Inc, Bioness Inc among others.
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Market Outlook: Global Carpal Tunnel Syndrome Drug Market
Carpal tunnel syndrome is also known as median nerve compression neuropathy which is characterized by moderate to severe pain, numbness, tingling or weakness in the upper extremity of the body hand and arm. This condition results when one of the major nerves, the median nerve which passes through the hand gets squeezed or compressed. The median nerve provides sensation to the thumb and fingers. Carpal tunnel syndrome can occur in one or both hands.
According to the Bureau of Labor and Statistics and the National Institute for Occupational Safety and Health (NIOSH), it is estimated that each year more than eight million people are affected by carpal tunnel syndrome and carpal tunnel surgery is the second most common type of surgery with over 230,000 procedures performed annually.
Global Carpal Tunnel Syndrome Drug Market Scope and Market Size:
Carpal tunnel syndrome drug market is segmented on the basis of treatment, mechanism of action, drugs, route of administration, distribution channel and end-users. The growth among these specific segments will help users analyze niche pockets of growth and strategies to approach the market and determine your core application areas and difference in your target markets.
Based on treatment, the carpal tunnel syndrome drug market is segmented into medication, integrative therapy and surgery
Based on mechanism of action, the carpal tunnel syndrome drug market is segmented as analgesics, NSAIDs, corticosteroids and others
Based on drugs, the carpal tunnel syndrome drug market is segmented as ibuprofen, prednisone, triamcinolone and others
Based on the route of administration, the carpal tunnel syndrome drug market is segmented into oral and parenteral
Based on the distribution channel, the carpal tunnel syndrome drug market is segmented as direct, online pharmacy, retailers and others
Based on end-users, the carpal tunnel syndrome drug market is segmented into hospitals, homecare, specialty clinics and others
Carpal Tunnel Syndrome Drug Market : Drivers
- Introduction of innovative therapies is accelerating the market growth
- Rising demand for effective therapies among patients is boosting the market growth
- Rising spending on public health programs is acting as catalyst to market growth
- Increasing global healthcare expenditure is driving the market growth for carpal tunnel syndrome drug
Carpal Tunnel Syndrome Drug Market : Restraints
- Lack of awareness amongst people about carpal tunnel syndrome is restraining the market growth
- High cost of surgical treatment is hindering the market growth in the forecast period
- Inadequate reimbursement and lack of availability of skilled professionals are hampering the market growth
Global Carpal Tunnel Syndrome Drug Market Country Level Analysis
The countries covered in the market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Hungary, Lithuania, Austria, Ireland, Norway, Poland, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Vietnam, Rest of Asia-Pacific in Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Israel, Egypt, Kuwait, Rest of Middle East and Africa as a part of Middle East and Africa, Argentina, Brazil, Peru and Rest of South America as part of South America.
Key Development in the Market
- In July 2017, CarpalAID, LLC received approval from the FDA for CarpalAID patch for the non-invasive treatment of painful carpal tunnel syndrome symptoms. The approval of CarpalAID patch provides critical medical relief from painful symptoms of carpal tunnel syndrome.
Reasons to Purchase this Report:
- Current and future of global carpal tunnel syndrome drug market outlook in the developed and emerging markets.
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period.
- The latest developments, market shares, and strategies that are employed by the major market players.
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