Market Research Report
Surgical Instrument Tracking Systems
|Published by||Global Industry Analysts, Inc.||Product code||914250|
|Published||Content info||274 Pages
Delivery time: 1-2 business days
|Surgical Instrument Tracking Systems|
|Published: September 1, 2020||Content info: 274 Pages||
Global Surgical Instrument Tracking Systems Market to Reach $417.4 Million by 2027
Amid the COVID-19 crisis, the global market for Surgical Instrument Tracking Systems estimated at US$145.2 Million in the year 2020, is projected to reach a revised size of US$417.4 Million by 2027, growing at aCAGR of 16.3% over the period 2020-2027. RFID, one of the segments analyzed in the report, is projected to record 19% CAGR and reach US$92.9 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Barcodes segment is readjusted to a revised 15.6% CAGR for the next 7-year period.
The U.S. Market is Estimated at $39 Million, While China is Forecast to Grow at 21.3% CAGR
The Surgical Instrument Tracking Systems market in the U.S. is estimated at US$39 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$98.9 Million by the year 2027 trailing a CAGR of 21.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.5% and 14.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.8% CAGR.We bring years of research experience to this 7th edition of our report. The 274-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Competitors identified in this market include, among others,