Surgical Instrument Tracking Market, By Technolog (Barcode and Radiofrequency Identification (RFID)), By Component (Software, Hardware (Readers, Tags, and Other Hardware), and Services) and Hardware (Readers, Tags, and Other Hardware)), By End User (Public Hospitals, Private Hospitals, and Other End Users), By Geography (North America, Europe, Asia Pacific, Latin America)-

Published In : Jul 2023

Code : CMI6093

Pages :160

Formats :

Excel and PDF

Industry : Medical Devices

Regional Analysis

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).

Geographies covered:

North America: U.S. and Canada
Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
Middle East: GCC Countries, Israel, and Rest of Middle East
bSouth Africa, North Africa, and Central Africa

Figure 1. Global Surgical Instrument Tracking Market Share (%), by Region, 2023