8/12/2025, 5:46:45 AM | media.market.us | news
Surgical Instrument Tracking Systems (SITS) Market|CAGR 14.8%
The global Surgical Instrument Tracking Systems (SITS) market is projected to grow from $292.4 million in 2024 to $1,162.5 million by 2034, at a compound annual growth rate (CAGR) of 14.8%. North America led the market in 2024 with a 37.4% share and $109.4 million in revenue, driven by advanced healthcare infrastructure, strict regulatory frameworks like FDA’s UDI mandate, and high surgical volumes. The market is primarily driven by patient safety, operational efficiency, and compliance with sterilization standards. RFID technology dominates the technology segment with a 51.3% market share, outperforming barcode and electronic tracking methods. Hospitals account for 54.5% of total revenue as the primary end-user segment. Key players include Fortive Corporation, Becton, Dickinson and Company (BD), Getinge AB, STERIS plc, and STANLEY Healthcare (CenTrak). Notable partnerships include Novanta Inc. and Identiv, Inc., which launched an RFID-powered collaboration in February 2025. Emerging trends include integration with hospital information systems, cloud-based and mobile solutions, predictive analytics, and a strong focus on preventing retained surgical items (RSIs). The market is expanding globally, particularly in Asia-Pacific and Latin America, due to healthcare infrastructure modernization.