Surgical Instrument Tracking Systems Market Size 2022-2027, Share, Industry Trends, Analysis, Report
The latest research study “Surgical Instrument Tracking Systems Market Size: Global Industry Trends, Share, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds that 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.
Industry Overview and Application :
Surgical instrument tracking systems are utilized to manage inventory at various stages of surgical procedures to meet the needs of healthcare professionals and enhance the quality of patient care. They ensure the working of necessary instruments in real-time to assist in simplifying complex tasks, reducing case delays, improving operation safety, and managing workflow efficiently. Surgical instrument tracking systems also create detailed load records of defective devices and provide comprehensive insights into usage patterns. As a result, they find widespread utilization in private clinics, hospitals, and ambulatory surgery centers (ASCs) to collect surgical inventory data, minimize medical errors in operation theatres (OTs), and increase staff productivity.
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.
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Surgical Instrument Tracking Systems Market Trends and Drivers:
The escalating number of individuals undergoing incision procedures is among the primary factors driving the surgical instrument tracking systems market. Besides this, the expanding geriatric population with chronic ailments, including arthritis, cancer, cardiovascular diseases (CVDs), and obesity, is further augmenting the market growth.
Apart from this, the development of comprehensive tracking systems integrated with the latest scanning equipment for the proper management of the central sterile supply department (CSSD) is also catalyzing the global market. Moreover, the elevating requirement for enhanced patient care and inventory administration is acting as another significant growth-inducing factor.
Furthermore, the introduction of data capture and automatic identification technologies, such as radio frequency identification (RFID) tags and two-dimensional (2D) barcodes, is anticipated to propel the surgical instrument tracking systems market over the forecasted period.
| Surgical Instrument Tracking Systems Market Report Scope | |
| Report Coverage | Details |
| Market size value in 2021 | US$ 183.4 Million |
| Market forecast in 2027 | US$ 426.4 Million |
| Growth Rate | CAGR of 14.30% from 2022 to 2027 |
| Base year for estimation | 2021 |
| Historical data | 2016-2021 |
| Forecast period | 2022-2027 |
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)
Market 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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