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Surgical instrument tracking system market forecast 2017-2022 scrutinized in new research

Surgical instrument tracking systems are efficient systems which help the healthcare professional. Surgical Instrument Tracking System mainly includes the software, hardware, and the service, the software occupies the largest market share; the system can enhance patient safety, reduce case delays, increase staff productivity, and so on.

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Based on technology, the surgical instrument tracking systems market is segmented into radiofrequency identification (RFID) and barcodes. Of the two technologies, the barcodes segment dominated the market in 2022; however, the RFID segment is expected to grow at the highest CAGR during the forecast period.

The large share of the barcodes segment can primarily be attributed to factors such as low installation costs and ease of operation.

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    Based on components, the market is segmented into hardware, software, and services.

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The hardware segment is expected to witness the highest growth during the forecast period.

Amongst the various end users, hospitals held the highest share in the global surgical instrument tracking systems market in 2015 and are also expected to experience the highest growth during the same period. Repeat purchases of tags are a major factor influencing the growth of the hardware segment.

Based on geography, North America commanded the largest share in the global surgical instrument tracking systems market, followed by Europe, Asia-Pacific, and the Rest of the World (RoW). The UDI regulations by FDA are a major factor influencing the adoption of tracking systems in North America.

Scope of the Report:

This report focuses on the Surgical Instrument Tracking System in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

Market Segment by Manufacturers, this report covers

    Becton Dickinson

    Aesculap (B. Braun)

    Censis Technologies

    Infor

    Stanley Healthcare

    Synergy Health

    Haldor

    Getinge

    Key Surgical

    Applied Logic

    Xerafy

    TGX Medical Systems

Market Segment by Regions, regional analysis covers

North America (USA, Canada and Mexico)

Europe (Germany, France, UK, Russia and Italy)

Asia-Pacific (China, Japan, Korea, India and Southeast Asia)

South America (Brazil, Argentina, Columbia.)

Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers

    RFID

    Barcodes

Market Segment by Applications, can be divided into

    Private Hospital

    Public Hospital

    Other

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