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New study: 17.3% CAGR for surgical instrument tracking systems market to 2021

Medical Market Research

The global surgical instrument tracking systems market is expected to reach USD 204.8 Million by 2021 from USD 92.2 Million in 2016, at a CAGR of 17.3% during the forecast period 2016 to 2021. Factors such as the impact of the UDI regulation, rising need for inventory management and better patient care, and the need to minimize the operational expenses of healthcare facilities are driving the global market.

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Download Brochure of Surgical Instrument Tracking Systems Market spread across 177 Pages, Profiling 15 Companies and Supported with 38 Tables and 9 Figures is now available at…mple?rname=636952 .

Major players operating surgical instrument tracking systems market are Censis Technologies, Inc. (U.S.), Becton, Dickinson and Company (U.S.), Materials Management Microsystems, Inc.

(U.S.), Getinge Group (Sweden), Applied Logic, Inc.

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(U.S.), B. Braun Melsungen AG (Germany), Haldor Advanced Technologies. Ltd. (U.S.), Infor (U.S.), Intelligent InSites, Inc.

(U.S.), Key Surgical, Inc. (U.S.), Mobile Aspects, Inc. (U.S.), TGX Medical Systems (U.S.), Vizbee RFID Solutions (France), and Xerafy (Hong Kong).

Key Target Audience for this Report:

  • Surgical instrument tracking system product manufacturers and vendors
  • Hospitals and non-hospitals
  • Various research and consulting firms
  • Distributors of surgical instrument tracking systems
  • Research institutes
  • Ambulatory surgical centers

Factors such as high system costs, long investment cycles, and budgetary constraints are expected to restrain market growth to a certain extent. On basis of end user, global surgical instrument tracking systems market is segmented into hospitals and others.

Of these, hospitals segment commands largest share of market and is also projected to grow at highest CAGR between 2016 and 2021. Necessity for inventory management of a large number of surgical instruments & need to reduce healthcare expenses through inventory management are majorly propelling adoption of tracking systems in hospitals.

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Report provides qualitative insights about surgical instrument tracking systems market shares, growth rates, & market drivers for all important subsegments. It maps market size & growth rates of each subsegment and identifies segment projected for rapid growth in each of geographic segments.

Report also includes company profiles of market leaders. These company profiles include financial performances, product portfolios, & market developments for each company.

Surgical Instrument Tracking Systems Market, By Technology

1 Introduction

2 Barcodes Market

3 RFID Market

Surgical Instrument Tracking Systems Market, By Component

1 Introduction

2 Hardware Market

3 Software Market

4 Services Market

Additionally, report provides a competitive landscape of surgical instrument tracking systems market. Competitive landscape covers growth strategies adopted by industry players over last four years.

It also includes an analysis of industry developments, such as contracts, agreements and partnerships, acquisitions, new product launches, and product modifications.

Click now for more Details, Queries on this study “Surgical Instrument Tracking Systems Market by Technology (RFID and Barcodes), Components (Hardware, Software, Services), End-User (Hospitals), Geography (North America, Europe, Asia-Pacific and RoW) - Forecast to 2021” report @…ount?rname=636952 .

Partnerships, contracts, agreements, new product launches, expansions, product modifications, and acquisitions were the major strategies followed by the leading players in this market in order to enhance their market shares. Based on geography, North America commanded largest share in the global surgical instrument tracking systems market, followed by Europe, Asia-Pacific, & Rest of the World (RoW).

UDI regulations by FDA are a major factor influencing the adoption of tracking systems in North America.

Report will enable both established firms and new entrants to gauge pulse of market and help them make important strategic growth decisions.

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