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Global Surgical Instrument Tracking System Market 2019-2025

  • ID: 4893892
  • Report
  • November 2019
  • Region: Global
  • Orion Market Research Private Limited

FEATURED COMPANIES

  • Applied Logic, Inc.
  • BesCo bvba
  • FingerPrint Medical Ltd.
  • Keir Surgical
  • Mobile Aspects
  • STANLEY healthcare
Global Surgical Instrument Tracking System Market Size, Share & Trends Analysis Report by Technology (Bar Code Scanning and Radio - Frequency Identification (RFID)), by Component (Software, Hardware, and Services), and by Vertical (Hospitals and Ambulatory Surgical Centers) and Forecast 2019 - 2025.

The global surgical instrument tracking system market is expected to grow a significant CAGR of 14% during the forecast period. The surgical instrument tracking systems market is growing at a faster pace owing to the increasing incidence of instrument misplacement and rising prevalence of hospital - acquired infections. According to the CDC (Centers for Disease Control and Prevention), hospital - acquired infections cause around 90,000 fatalities per year in the US. In a bid to improve the inventory management and to prevent the infections caused by contaminated medical tools, the tracking systems are likely to witness increased adoption, which is anticipated to augment the growth of the global surgical instrument tracking systems market.

The surgical instrument tracking system market is segmented on the basis of technology, component, and vertical. Based on technology, the market is segmented into bar code scanning and RFID. Based on components, the market is segmented into software, hardware, and services. Based on vertical, the market is segmented into hospitals and ambulatory surgical centers. Among components, the Surgical instrument tracking software contributes a significant share in the market. The tracking process can be done through software, as it offers real - time data, including productivity improvement, quality, and storage of data, which fuels its demand in the market.

Geographically, the global surgical instrument tracking system market is segmented into North America, Europe, Asia - Pacific, and Rest of the World. North America contributes a significant share in the global market, owing to increasing uptake of advanced technology and products, the presence of a highly developed medical and healthcare infrastructure, rise in per capita income which directly increases healthcare expenditure. Asia - Pacific is projected to exhibit considerable growth in the global market during the forecast period. Rising geriatric population and rapidly improving healthcare infrastructure in various Asian economies, such as Japan, India, and China, are boosting the growth of Asia - Pacific surgical instrument tracking market.

The key players in the global surgical instrument tracking market Include Aesculap, Inc., Censis Technologies, Inc., Getinge AB, Material Management Microsystems, Key Surgical LLC, Haldor Advanced Technologies, and Xerafy Singapore Pte Ltd. The players operating in the market adopt various strategies such as technology development, product launch, merger and acquisitions for gaining a sustainable position in the market that further propels the growth of the market.

Research Methodology

The market study of the global surgical instrument tracking system is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country - level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro - economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include
  • Financial reports of companies involved in the market.
  • Whitepapers, research - papers, and news blogs.
  • Company websites and their product catalog.

The report is intended for surgical instrument tracking system market players, medical device manufacturers, hardware manufacturers and suppliers for overall market analysis and competitive analysis. The report provides an in - depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360 - degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. Global Surgical Instrument Tracking System Market Research and Analysis by Technology
2. Global Surgical Instrument Tracking System Market Research and Analysis by Component
3. Global Surgical Instrument Tracking System Market Research and Analysis by Vertical

The Report Covers
  • Comprehensive research methodology of the global surgical instrument tracking system market.
  • This report also includes a detailed and extensive market overview with key analyst insights.
  • An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
  • Analysis of regional regulations and other government policies impacting the global surgical instrument tracking system market.
  • Insights about market determinants which are stimulating the global surgical instrument tracking system market.
  • Detailed and extensive market segments with regional distribution of forecasted revenues.
  • Extensive profiles and recent developments of market players.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Applied Logic, Inc.
  • BesCo bvba
  • FingerPrint Medical Ltd.
  • Keir Surgical
  • Mobile Aspects
  • STANLEY healthcare

1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
1.2.3. By Stakeholders
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Company Share Analysis
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Aesculap, Inc., a company of B. Braun Melsungen AG
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Censis Technologies, Inc.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. Getinge AB
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Material Management Microsystems
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Key Surgical LLC
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Surgical Instrument Tracking System Market by Technology
5.1.1. Bar Code Scanning
5.1.2. Radio-Frequency Identification (RFID)
5.2. Global Surgical Instrument Tracking System Market by Component
5.2.1. Software
5.2.2. Hardware
5.2.3. Services
5.3. Global Surgical Instrument Tracking System Market by Vertical
5.3.1. Hospitals
5.3.2. Ambulatory Surgical Centers
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. Aesculap, Inc., a company of B. Braun Melsungen AG
7.2. Applied Logic, Inc.
7.3. Becton, Dickinson and Co.
7.4. BesCo bvba
7.5. Censis Technologies, Inc.
7.6. FingerPrint Medical Ltd.
7.7. Getinge AB
7.8. Haldor Advanced Technologies
7.9. Keir Surgical
7.10. Key Surgical LLC
7.11. Material Management Microsystems
7.12. Mobile Aspects
7.13. SpaTrack Medical Ltd.
7.14. STANLEY healthcare
7.15. Synergy Health Ltd.
7.16. TGX Medical Systems Inc.
7.17. Xerafy Singapore Pte Ltd.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Aesculap, Inc., a company of B. Braun Melsungen AG
  • Applied Logic, Inc.
  • Becton, Dickinson and Co.
  • BesCo bvba
  • Censis Technologies, Inc.
  • FingerPrint Medical Ltd.
  • Getinge AB
  • Haldor Advanced Technologies
  • Keir Surgical
  • Key Surgical LLC
  • Material Management Microsystems
  • Mobile Aspects
  • SpaTrack Medical Ltd.
  • STANLEY healthcare
  • Synergy Health Ltd.
  • TGX Medical Systems Inc.
  • Xerafy Singapore Pte Ltd.
Note: Product cover images may vary from those shown