Global Surgical Instrument Tracking Systems Market Size & Outlook
Global surgical instrument tracking systems market, 2018-2030 (US$M)
Related Markets
Global surgical instrument tracking systems market highlights
- The global surgical instrument tracking systems market generated a revenue of USD 226.2 million in 2023 and is expected to reach USD 513.1 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 12.4% by 2030.
- In terms of segment, barcodes accounted for a revenue of USD 184.8 million in 2023.
- RFID is the most lucrative technology segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 226.2 million |
| Market revenue in 2030 | USD 513.1 million |
| Growth rate | 12.4% (CAGR from 2023 to 2030) |
| Largest segment | Barcodes |
| Fastest growing segment | RFID |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Barcodes, RFID |
Other key industry trends
- In terms of revenue, the North America accounted for 37.1% of the global surgical instrument tracking systems market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, U.S. is the fastest growing regional market and is projected to reach USD 134.1 million by 2030.
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Surgical Instrument Tracking Systems Market Scope
Surgical Instrument Tracking Systems Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global surgical instrument tracking systems market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to surgical instrument tracking systems market will help companies and investors design strategic landscapes.
Barcodes was the largest segment with a revenue share of 81.7% in 2023. Horizon Databook has segmented the Global surgical instrument tracking systems market based on barcodes, rfid covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Surgical Instrument Tracking Systems Technology Outlook (Revenue, USD Million, 2018-2030)
- Barcodes
- RFID
- Global Surgical Instrument Tracking Systems Product Outlook (Revenue, USD Million, 2018-2030)
- Hardware
- Software
- Services
- Global Surgical Instrument Tracking Systems End Use Outlook (Revenue, USD Million, 2018-2030)
- Hospitals
- Others
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Horizon Databook provides a detailed overview of global-level data and insights on the Global surgical instrument tracking systems market , including forecasts for subscribers. This global databook contains high-level insights into Global surgical instrument tracking systems market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global surgical instrument tracking systems market size, by regions, 2018-2030 (US$M)
Top 10 countries: Surgical instrument tracking systems market size, 2023 (US$M)
Global surgical instrument tracking systems market share, by technology, 2023 & 2030 (%, US$M)
Surgical instrument tracking systems market: Opportunity assessment by country
Global surgical instrument tracking systems market, by region, 2023 (US$M)
| Technology | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 55.7 | 62.2 | 66.3 | 71.4 | 77.3 | 84.0 | 91.8 | 100.8 | 111.3 | 123.5 | 137.7 | 154.3 | 173.8 | 10.9% |
| Europe | 45.4 | 51.3 | 55.5 | 60.5 | 66.3 | 73.0 | 80.9 | 90.1 | 100.8 | 113.4 | 128.2 | 145.8 | 166.6 | 12.5% |
| Asia Pacific | 21.3 | 24.6 | 27.2 | 30.3 | 33.8 | 38.0 | 43.0 | 48.7 | 55.6 | 63.7 | 73.3 | 84.8 | 98.6 | 14.6% |
| Latin America | 12.4 | 14.1 | 15.3 | 16.9 | 18.6 | 20.7 | 23.1 | 25.9 | 29.2 | 33.1 | 37.7 | 43.2 | 49.7 | 13.4% |
| MEA | 6.4 | 7.3 | 7.9 | 8.6 | 9.5 | 10.5 | 11.7 | 13.0 | 14.6 | 16.5 | 18.7 | 21.3 | 24.4 | 12.9% |
| Overall | 141.1 | 159.4 | 172.2 | 187.7 | 205.5 | 226.2 | 250.4 | 278.5 | 311.5 | 350.2 | 395.7 | 449.4 | 513.1 | 12.4% |
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