An influential Surgical Instrument Tracking Systems Market report provides the segmentation of the global market on the basis of technology, application, product, and region. Each segment is explained through a chapter, which has been worded with careful thought to the ever-changing market dynamics.
An influential Surgical Instrument Tracking Systems Market report provides the segmentation of the global market on the basis of technology, application, product, and region. Each segment is explained through a chapter, which has been worded with careful thought to the ever-changing market dynamics. This marketing report also includes a chapter on companies, which includes their profiles. This chapter specifies the progress made by the companies so far and their expansion plans for the near future. The Surgical Instrument Tracking Systems Market document performs thorough analysis of the potential of the market in the present and the future prospects from various angles.
Data Bridge Market Research analyses that the surgical instrument tracking systems market was valued at USD 203 million in 2021 and is expected to reach USD 567.00 million by 2029, registering a CAGR of 13.7% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The surgical instrument tracking systems market is estimated to increase rapidly over the forecast period. Because of the need to cut costs and improve efficiency, tracking systems are becoming more popular among healthcare providers. Stronger inventory and asset management methods will aid this goal. End users are concerned with preventing the loss of important assets and ensuring that workflows go smoothly. Surgical instrument monitoring systems make it easier to comply with the FDA’s new Unique Device Identification (UDI) tracking standards by automating medical equipment identification, including tools. The demand for solutions that enable compliance, such as surgical tool tracking systems, is projected to increase as the number of devices covered by UDI continues to grow.
Segmentation:-
Global Surgical Instrument Tracking Systems Market, By Type (Pro Sites, Multi Sites), Component (Hardware, Software, Services), Technology (Barcode Tracking, Radio Frequency Identification (RFID), Electronic Tracking, Others), End User (Hospitals, Ambulatory Surgical Centers, Research Centers, Clinics, Others), Distribution Channel (Direct Tender, Third Party Distributor) – Industry Trends and Forecast to 2029
Major Players:-
- Fortive Corporation (US)
- Material Management Microsystems (US)
- Haldor Advanced Technologies (US)
- BD (US)
- Getinge AB (Sweden)
- STERIS (US)
- STANLEY Healthcare (US)
- MOBILE ASPECTS (US)
- Integra LifeSciences (US)
- Xerafy Singapore Pte Ltd. (Singapore)
- B. Braun Melsungen AG (Germany)
- SpaTrack Medical Limited (UK)
- Scanlan International (US)
- CASE MEDICAL (US)
- ASANUS Medizintechnik GmbH (Germany)
- Infor (US)
- Vizinex RFID (US)
- ScanCARE Pty Ltd. (US)
- TGX Medical Systems (US)
- Censis Technologies, Inc. (US)
- Microsystems (Germany)
Recent Development
In July 2020, Vizinex RFID had announced the launch of Flexible 6012 and Flexible 6027 RFID tags that offer mounting flexibility. Both RFID tags are versatile, resilient, and IP67-rated, making them perfect for tracking various assets in interior environments. RFID tags make asset tracking in factories, hospitals, data centers, and offices simple and cost-effective.
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Competitive Landscape and Surgical Instrument Tracking Systems Market Share Analysis
The Surgical instrument tracking systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to surgical instrument tracking systems market.
Surgical Instrument Tracking Systems Market Dynamics
Drivers
- Increasing demand to meet FDA unique device identification mandates
The proposed UDI (Unique Device Identification) regulations by the US FDA (Food and Drug Administration) are projected to propel the surgical tool monitoring systems market forward. Labellers of surgical instruments (manufacturers, reprocessors, specification developers, re-packagers, and relabelers) are required by UDI guidelines to use direct marking at the individual instrument level.
- Rise in the number of individuals undergoing surgical procedures
Surgical tool processing errors can result in higher operation time and expenditures and an increased risk of surgical infections, perioperative morbidity, and RSI episodes. This, together with the expanding number of people undergoing surgical procedures, is one of the key causes driving the need for surgical tool tracking systems in hospitals to improve surgical care safety.
Furthermore, the rising prevalence of chronic diseases such as cardiovascular disorders, cancer, arthritis and obesity coupled with the increasing number of geriatric population will act as a major factor influencing the growth of surgical instrument tracking systems market. Along with this, increasing urbanization and increasing level of disposable income are the major market drivers that will further escalate the growth of surgical instrument tracking systems market. Additionally, increasing emphasis on better patient care and inventory management is fueling the market’s growth rate.
Opportunities
- Growing level of healthcare expenditure
Growing healthcare spending and increasing healthcare infrastructure are likely to provide growth possibilities for market players in these economies.
Moreover, growing focus of manufacturers on the adoption of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the surgical instrument tracking systems market growth during the forecast period.
Restraints/Challenges Global Surgical Instrument Tracking Systems Market
- High cost associated with system, and long investment cycles
Surgical tool monitoring systems need significant upfront investments, including application software, hardware, tags, middleware, and the expense of connecting the barcode/RFID framework with the legacy system, maintenance services, consulting fees, and staff training. Although the cost of tags and readers has decreased significantly, the cost of implementing automated tracking systems such as RFID, which require additional servers, databases, and middleware, has continuously increased.
This Global surgical instrument tracking systems market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
Key Benefits of Buying the Report
The report identifies and addresses the key markets for Surgical Instrument Tracking Systems Market operations and services, which would help equipment manufacturers and service providers review the growth in demand.
The report helps system providers understand the pulse of the market and provides insights into drivers, restraints, opportunities, and challenges.
The report will help key players understand the strategies of their competitors better and help the min making better strategic decisions.
Table of Contents:
- Introduction
- Market Segmentation
- Market Overview
- Executive Summary
- Premium Insights
- By Component
- Product Type
- Delivery
- Industry Type
- Geography
- Overview
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
- Company Landscape
- Company Profiles
- Related Reports
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Browse Related Regional Reports:-
Asia-Pacific Surgical Instrument Tracking Systems Market – Industry Trends and Forecast to 2028
Asia-Pacific Surgical Instrument Tracking Systems Market, By Type (Pro Sites, Multi Sites), Component (Hardware, Software, Services), Technology (Barcode Tracking, Radio Frequency Identification (RFID), Electronic Tracking, Others), End User (Hospitals, Ambulatory Surgical Centers, Research Centers, Clinics, Others), Distribution Channel (Direct Tender, Third Party Distributor), Country (Japan, China, Australia, India, South Korea, Singapore, Indonesia, Thailand, Malaysia, Philippines, Vietnam, Rest of Asia-Pacific) Industry Trends & Forecast to 2028
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Europe Surgical Instrument Tracking Systems Market – Industry Trends and Forecast to 2028
Europe Surgical Instrument Tracking Systems Market By Type (Pro Sites, Multi Sites), Component (Hardware, Software, Services), Technology (Barcode Tracking, Radio Frequency Identification (RFID), Electronic Tracking, Others), End User (Hospitals, Ambulatory Surgical Centers, Research Centers, Clinics, Others), Distribution Channel (Direct Tender, Third Party Distributor), Country (Germany, U.K., France, Italy, Spain, Netherlands, Russia, Switzerland, Belgium, Turkey, Austria, Norway, Hungary, Lithuania, Ireland, Poland, Rest of Europe) Industry Trends and Forecast to 2028
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https://www.databridgemarketresearch.com/reports/europe-surgical-instrument-tracking-systems-market
North America Surgical Instrument Tracking Systems Market – Industry Trends and Forecast to 2028
North America Surgical Instrument Tracking Systems Market, By Type (Pro Sites, Multi Sites), Component (Hardware, Software, Services), Technology (Barcode Tracking, Radio Frequency Identification (RFID), Electronic Tracking, Others), End User (Hospitals, Ambulatory Surgical Centers, Research Centers, Clinics, Others), Distribution Channel (Direct Tender, Third Party Distributor), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028
Read More @
https://www.databridgemarketresearch.com/reports/north-america-surgical-instrument-tracking-systems-market
Middle East and Africa Surgical Instrument Tracking Systems Market – Industry Trends and Forecast to 2028
Middle East and Africa Surgical Instrument Tracking Systems Market, By Type (Pro Sites, Multi Sites), Component (Hardware, Software, Services), Technology (Barcode Tracking, Radio Frequency Identification (RFID), Electronic Tracking, Others), End User (Hospitals, Ambulatory Surgical Centers, Research Centers, Clinics, Others), Distribution Channel (Direct Tender, Third Party Distributor), Country (Saudi Arabia, South Africa, UAE, Kuwait and Rest of Middle East and Africa) Industry Trends & Forecast to 2028
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