Global Surgical Instrument Tracking Market: Regional Insights
Based on region, the global surgical instrument tracking market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.
Among regions, North America is expected to gain highest share in the market over the forecast period owing to the increasing prevalence of cardiovascular disorders and other chronic disorders, increasing number of road accidents, and increasing number of surgical procedures in this region. For instance, with the increasing number of surgical procedures, the use and demand for surgical instrument tracking devices is also increasing. According to the U.S. Centers for Disease Control and Prevention (CDC), heart disease is the leading cause of death for men, women, and people of most racial and ethnic groups in the United States.
Europe and Asia Pacific are also expected to witness significant growth in the surgical instrument tracking market owing to the rise in burden of cardiovascular disorders and other chronic disorders, increasing number of surgical procedures, and increasing use and demand for surgical instrument tracking devices in these regions. For instance, according to the International Society of Aesthetic Plastic Surgery (2022 report), around 10,129,528 cosmetic surgeries were performed in 2020, and the top 5 surgical procedures included breast augmentation (1,624,281), liposuction (1,525,197), eyelid surgery (1,225,540), abdominoplasty (765,248), and rhinoplasty (852,554).
Figure 1. Global Surgical Instrument Tracking Market Share (%), by Region, 2023
Surgical Instrument Tracking Market Report Snapshots
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