Global Surgical Instrument Tracking Systems Market to Reach $746.9 Million by 2030
The global market for Surgical Instrument Tracking Systems estimated at US$267.6 Million in the year 2023, is expected to reach US$746.9 Million by 2030, growing at a CAGR of 15.8% over the analysis period 2023-2030. Surgical Instrument Tracking Software, one of the segments analyzed in the report, is expected to record a 14.6% CAGR and reach US$337.6 Million by the end of the analysis period. Growth in the Surgical Instrument Tracking Hardware segment is estimated at 17.3% CAGR for the next 7-year period.
The U.S. Market is Estimated at $71.1 Million, While China is Forecast to Grow at 20.6% CAGR
The Surgical Instrument Tracking Systems market in the U.S. is estimated at US$71.1 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$180.5 Million by the year 2030 trailing a CAGR of 20.6% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.9% and 13.1% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.3% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$120.4 Million by the year 2030.
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