Surgical
Instrument Tracking System Market Trends 2019 by System Type (Electronic
Tracking, Barcode Tracking, and Radio Frequency Identification), Components (Software,
Hardware, and Services), End Users and Regions—Global Industry Forecast till
2025.
Surgical Instrument Tracking System Market
size is projected to register a 14.7% CAGR during the forecast period
(2018-2027), suggests Market Research Future (MRFR).
System Market Key Players
Major players profiled in the surgical
instrument tracking system market report include Censis Technologies, Inc.
(US), Keir Surgical (Canada), Microsystems, Inc. (US), Becton, Dickinson and
Company (US), Haldor Advanced Technologies (US), Intelligent InSites (US), Key
Surgical (US), Mobile Aspects (US), TGX Medical Systems (US), Xerafy Singapore
Pte Ltd (Singapore), STANLEY Healthcare (US), Getinge AB (Sweden), SpaTrack
Medical Limited (UK), Scanlan International (US), and FingerPrint Medical
Limited (UK)
Intended Audience
- Biotechnology companies
- Research institutes
- Medical device companies
- Hospitals and clinics
- Ambulatory surgical centers
- Academic institutes
- Government organizations
Global
Surgical Instrument Tracking System Market, by System Type
- Electronic Tracking
- Barcode Tracking
- Radio Frequency Identification (RFID)
Global
Surgical Instrument Tracking System Market, by Components
- Software
- Hardware
- Readers
- Tags
- Others
- Services
Global
Surgical Instrument Tracking System Market, by End User
- Hospitals and Clinics
- Research Centers
- Others.
Market Boosters
and Top Challenges
The National Center for Biotechnology
Information (NCBI) has to say that due to retained surgical objects, the fatality
rate is now close to 2%. This number clearly points towards the need for advanced
technologies like 2D barcodes and RFID for tracking retained instruments for
patients still in the operation theater.
At present, hospitals face major issues in
the form of tracing medical devices as well as inventory management during the work
cycle such as surgery, storage, sterilization procedures, and post-surgery.
Instigated by these challenges, hospitals are now adopting innovative
technologies for keeping track of such equipment and systems, which is expected
to do wonders for the market.
The imminent market expansion could also be
in response to the rising need for inventory management along with the implementation
of Unique Device Identification (UDI) regulations by the FDA. Technological innovations
combined with the efforts from governments for uplifting the use of these
devices is also poised to favor market growth in the years to come.
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Regional Analysis
Based on the region, the surgical instrument tracking system
market report covers the latest trends and growth opportunities across North
America, Europe, the Middle East and Africa, and the Asia Pacific.
Of these, North America will have the lion’s share in the market
over the forecast period chiefly due to the increasing adoption of surgical
instrument tracking systems, highly developed healthcare infrastructure,
accessibility of advanced products, and the UDI regulations by the FDA. The US
is the chief contributor in the region.
The surgical instrument tracking system market in Europe is
predicted to have the second-largest share in the market over the forecast
period. This growing private funds, government initiatives, the emergence of
better and high-quality healthcare infrastructure, cost advantage, rising
healthcare sector privatization, and rising medical tourism.
The surgical instrument tracking system market in the APAC
region is predicted to grow at the fastest pace over the forecast period. Factors
aiding the growth of the surgical instrument tracking system market in the
region include rapidly evolving healthcare infrastructure, increasing geriatric
population, healthcare industry from other regions shifting to APAC, and better
health management.
The surgical instrument tracking system market in the MEA is
predicted to have a small share in the market over the forecast period.
About Market
Research Future: MRFR team have supreme objective to provide the
optimum quality market research and intelligence services to our clients by
products, services, technologies, applications, end users, and market players
for global, regional, and country level market segments, enable our clients to
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questions.
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