The global surgical instrument tracking systems market size reached US$ 212.1 Million in 2022. Looking forward, the publisher expects the market to reach US$ 489.4 Million by 2028, exhibiting a growth rate (CAGR) of 14.21% during 2023-2028.
Surgical instrument tracking systems are used to manage inventory at various stages of surgical procedures to meet the unique needs of healthcare professionals and improve the quality of patient care. They ensure the accessibility of necessary instruments in real-time, which further help reduce case delays, enhance operation safety, simplify complex tasks, and manage workflow efficiently. They can also create detailed load records of defective devices and provide comprehensive insights into usage patterns. As a result, surgical instrument tracking systems are utilized in hospitals, private clinics, and ambulatory surgery centers (ASCs) to minimize medical errors in operation theatres (OTs), enhance staff productivity, and collect surgical inventory data.
2. What is the expected growth rate of the global surgical instrument tracking systems market during 2023-2028?
3. What are the key factors driving the global surgical instrument tracking systems market?
4. What has been the impact of COVID-19 on the global surgical instrument tracking systems market?
5. What is the breakup of the global surgical instrument tracking systems market based on the component?
6. What is the breakup of the global surgical instrument tracking systems market based on the technology?
7. What is the breakup of the global surgical instrument tracking systems market based on the end user?
8. What are the key regions in the global surgical instrument tracking systems market?
9. Who are the key players/companies in the global surgical instrument tracking systems market?
Surgical instrument tracking systems are used to manage inventory at various stages of surgical procedures to meet the unique needs of healthcare professionals and improve the quality of patient care. They ensure the accessibility of necessary instruments in real-time, which further help reduce case delays, enhance operation safety, simplify complex tasks, and manage workflow efficiently. They can also create detailed load records of defective devices and provide comprehensive insights into usage patterns. As a result, surgical instrument tracking systems are utilized in hospitals, private clinics, and ambulatory surgery centers (ASCs) to minimize medical errors in operation theatres (OTs), enhance staff productivity, and collect surgical inventory data.
Surgical Instrument Tracking Systems Market Trends:
Errors in surgical instrument processing can lead to high operative time and costs and increased risk of surgical infections, perioperative morbidity, and retained surgical item (RSI) cases. This, in confluence with the rising number of individuals undergoing surgical procedures, represents one of the major factors driving the need for surgical instrument tracking systems to improve the safety of surgical care in hospitals. In addition, the growing geriatric population with chronic ailments like cardiovascular diseases (CVDs), arthritis, cancer, and obesity is catalyzing the demand for surgical instrument tracking systems to prevent infections caused by contaminated instruments. Apart from this, several medical equipment suppliers are offering comprehensive surgical instrument tracking systems incorporated with the latest scanning software for proper central sterile supply department (CSSD) management. They are also focusing on developing systems with automatic identification and data capture technologies, such as two-dimensional (2D) barcodes and radio frequency identification (RFID) tags. This, along with the growing emphasis on better patient care and inventory management, is influencing the market positively.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global surgical instrument tracking systems market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on component, technology and end user.Breakup by Component:
- Hardware
- Software
- Services
Breakup by Technology:
- Barcode Tracking
- Radio Frequency Identification (RFID)
Breakup by End User:
- Hospitals
- Ambulatory Surgical Centers
- Research Centers
- Others
Breakup by Region:
North America
- United States
- Canada
Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
Latin America
- Brazil
- Mexico
- Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Becton Dickinson and Company, Censis Technologies Inc. (Fortive), Fingerprint Medical Limited, Getinge AB (Carl Bennet AB), Haldor Advanced Technologies Ltd., Scanlan International, Spatrack Medical Limited, Steelco S.p.A. (Miele), Steris Corporation, Ternio Group LLC, TGX Medical Systems and Xerafy Singapore Pte Ltd.Key Questions Answered in This Report
1. What was the size of the global surgical instrument tracking systems market in 2022?2. What is the expected growth rate of the global surgical instrument tracking systems market during 2023-2028?
3. What are the key factors driving the global surgical instrument tracking systems market?
4. What has been the impact of COVID-19 on the global surgical instrument tracking systems market?
5. What is the breakup of the global surgical instrument tracking systems market based on the component?
6. What is the breakup of the global surgical instrument tracking systems market based on the technology?
7. What is the breakup of the global surgical instrument tracking systems market based on the end user?
8. What are the key regions in the global surgical instrument tracking systems market?
9. Who are the key players/companies in the global surgical instrument tracking systems market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Surgical Instrument Tracking Systems Market
6 Market Breakup by Component
7 Market Breakup by Technology
8 Market Breakup by End User
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Becton Dickinson and Company
- Censis Technologies Inc. (Fortive)
- Fingerprint Medical Limited
- Getinge AB (Carl Bennet AB)
- Haldor Advanced Technologies Ltd.
- Scanlan International
- Spatrack Medical Limited
- Steelco S.p.A. (Miele)
- Steris Corporation
- Ternio Group LLC
- TGX Medical Systems
- Xerafy Singapore Pte Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 147 |
| Published | June 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 212.1 Million |
| Forecasted Market Value ( USD | $ 489.4 Million |
| Compound Annual Growth Rate | 15.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
