Surgical Instrument Tracking Systems Market Report Size, Industry Share, Trends, Growth, Analysis and Forecast 2022-2027

 According to the latest report by IMARC Group, titled "Global Surgical Instrument Tracking Systems Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global surgical instrument tracking systems market reached a value of US$ 183.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 426.4 Million by 2027 exhibiting a CAGR of 14.30% during 2022-2027.

Surgical instrument tracking systems are used to manage inventory at various stages of surgical procedures to meet the needs of healthcare professionals and improve the quality of patient care. These systems enable the team to identify unreturned instruments or surgical trays in real-time, which help reduce case delays, simplify complex tasks, improve operation safety, and enhance staff productivity. Owing to these properties, surgical instrument tracking systems find extensive application in hospitals, private clinics, and ambulatory surgery centers (ASCs).

Report Metric

Historical: 2016-2021

Base Year: 2021

Forecast Year: 2022-2027

Surgical Instrument Tracking Systems Market Trends and Drivers:

The market is primarily driven by the rising number of surgical procedures across the globe. In addition, the growing geriatric population with chronic diseases such as cardiovascular diseases (CVDs), arthritis, cancer, and obesity represent another major growth-inducing factor.

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Besides this, several key players are offering advanced surgical instrument tracking systems incorporated with the latest scanning software for proper central sterile supply department (CSSD) management. This, coupled with the growing emphasis on better patient care and inventory management, is positively influencing the market growth.

Furthermore, technological advancements, the rising complexities in medical procedures, and the increasing number of deaths due to traditional methods are some of the factors anticipated to propel market growth in the coming years.

Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Surgical Instrument Tracking Systems Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Becton Dickinson and Company, Censis Technologies Inc. (Fortive), Fingerprint Medical Limited, Getinge AB (Carl Bennet AB), Haldor Advanced Technologies Ltd., Scanlan International, Spatrack Medical Limited, Steelco S.p.A. (Miele), Steris Corporation, Ternio Group LLC, TGX Medical Systems and Xerafy Singapore Pte Ltd.

The report has segmented the market on the basis of region, component, technology and end user.

Breakup by Component:

·      Hardware

·      Software

·      Services

Breakup by Technology:

·      Barcode Tracking

·      Radio Frequency Identification (RFID)

 Breakup by End User:

·      Hospitals

·      Ambulatory Surgical Centers

·      Research Centers

·      Others

Breakup by Region:

  • North America: (United States, Canada)
  • Asia Pacific: (China, Japan,India, South Korea, Australia, Indonesia, Others)
  • Europe: (Germany, France,United Kingdom, Italy, Spain, Russia, Others)
  • Latin America: (Brazil, Mexico, Others)
  • Middle East and Africa

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Key highlights of the report:

  • Market Performance (2016-2021)
  • Market Outlook (2022- 2027)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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