Product ID: SQMIG35D2058
Report ID:
SQMIG35D2058 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
116 |
Figures:
77
North America dominated the global surgical instruments tracking system market with a contribution of over 37% market share in 2021. Introduction to UDI system by the U.S. Food & Drug Administration for the easily identification of medical devices and instruments to ensure improve patient outcomes and availability of device in real time is the key factor driving the growth of the market in the region. Furthermore, the presence of highly advanced and international level healthcare infrastructure along with the rapid growth in the adoption of advanced technologies and products are further expected to drive the regional growth over the forecast period.
On the other hand, Asia Pacific is anticipated to grow at the fastest CAGR during the forecast period owing to the increasing urbanization, rising investments by several international institutions, growing disposal income of population, and availability of untapped opportunities in the region. An extensively developing healthcare facilities and infrastructure in the emerging economies such as India, China, and Indonesia along with the favourable government initiatives to improve healthcare system in the region are also expected to contribute to the growth of the market in the coming years.
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REQUEST FREE CUSTOMIZATIONSurgical Instruments Tracking Systems Market size was valued at USD 187.67 billion in 2019 and is poised to grow from USD 210.5 billion in 2023 to USD 466.19 billion by 2031, growing at a CAGR of 12.1% in the forecast period (2024-2031).
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Product ID: SQMIG35D2058