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The Linear Motion System Market was valued at US$ 12.1 Billion in 2018 and is expected to reach US$ 17.0 Billion by 2024, at a CAGR of 5.9% during the forecast period.
In the medical industry, medical devices often employ linear motion components and motors to assist in the movement and positioning of medicine manufacturing machines. Accurate and repeatable positioning of lenses is crucial for medical devices in everything from CT scanners and blood-testing equipment to milling machines.
APAC is expected to provide ample growth opportunities for the linear motion system market as it is considered as a major manufacturing hub for most industries. China has been a potential market for all emerging technologies, including linear motion systems. Its massive manufacturing industries have contributed to the growth and prosperity of the country.