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Global Surgical Instrument Tracking Systems Market Report and Forecast 2023-2031

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  • 147 Pages
  • May 2023
  • Region: Global
  • Expert Market Research
  • ID: 5797858
The global surgical instrument tracking systems market value was USD 185.8 million in 2022, driven by the rising incidence of retained surgical instruments across the globe. The market size is anticipated to grow at a CAGR of 20% during the forecast period of 2023-2031 to achieve a value of USD 958.5 million by 2031.

Surgical Instrument Tracking Systems Introduction

Surgical instrument tracking systems are technological solutions designed to monitor and manage surgical instruments, ensuring their proper usage, maintenance, and inventory control. These systems employ technologies such as barcodes, radio-frequency identification (RFID), and real-time location systems (RTLS) to track instruments throughout their lifecycle, from sterilization to usage during surgery and back to reprocessing. Surgical instrument tracking systems help hospitals and clinics enhance patient safety, reduce surgical errors, improve instrument management, and optimize operational efficiency.

The global surgical instrument tracking systems market is experiencing substantial growth due to factors such as the rising incidence of retained surgical instruments, increasing emphasis on patient safety, strict regulations regarding surgical instrument sterilization, and the growing need for inventory management in healthcare settings. Furthermore, the adoption of advanced technologies, such as RFID and IoT, is transforming surgical instrument tracking systems, enabling real-time monitoring, data analytics, and integration with hospital information systems.

Surgical Instrument Tracking Systems Market Scenario

The global surgical instrument tracking systems market is poised for significant growth as healthcare organizations increasingly focus on patient safety, regulatory compliance, and efficient instrument management. Factors such as the rising incidence of retained surgical instruments and the adoption of advanced technologies are driving the market's expansion. The market is characterized by regional dynamics shaped by healthcare infrastructure, government support, and investment in research and development. However, challenges such as the high cost of implementing tracking systems, limited access to advanced technology in low- and middle-income countries, and the need for staff training may impact market growth.

North America: The largest market for surgical instrument tracking systems, driven by factors such as advanced healthcare infrastructure, the presence of leading medical device companies, and a high focus on patient safety and regulatory compliance.

Europe: The second-largest market, with increasing demand for surgical instrument tracking systems due to a growing elderly population, government support, and an expanding healthcare sector.

Asia-Pacific: Expected to witness the highest growth rate due to factors such as a rapidly growing population, increasing prevalence of chronic diseases, and growing investments in healthcare infrastructure and research.

Surgical Instrument Tracking Systems Market Segmentations

Market Breakup by Product Types

  • Hardware
  • Software
  • Services

Market Breakup by Technology

  • Barcode Tracking
  • Radio Frequency Identification (RFID)
  • Electronic Tracking
  • Others

Market Breakup by End User

  • Hospitals
  • Ambulatory Surgical Centers
  • Research Centers
  • Clinics
  • Others

Market Breakup by Distribution Channel

  • Direct Tenders
  • Third Party Distributors
  • Others

Market Breakup by Region

North America

  • United States of America
  • Canada


  • United Kingdom
  • Germany
  • France
  • Italy
  • Others

Asia Pacific

  • China
  • Japan
  • India
  • Australia
  • Others

Latin America

  • Brazil
  • Argentina
  • Mexico
  • Others

Middle East and Africa

  • Saudi Arabia
  • United Arab Emirates
  • Nigeria
  • South Africa
  • Others

Key Trends in the Surgical Instrument Tracking Systems Market

Some key trends of the market are as follows:
  • Rising incidence of retained surgical instruments: The increasing occurrence of retained surgical instruments and associated complications has prompted healthcare organizations to adopt tracking systems to improve patient safety and minimize surgical errors
  • Emphasis on patient safety and regulatory compliance: Strict regulations regarding surgical instrument sterilization and the growing focus on patient safety are driving the demand for effective tracking systems
  • Adoption of advanced technologies: The integration of advanced technologies, such as RFID and IoT, has improved the efficiency and accuracy of surgical instrument tracking systems, leading to increased adoption in healthcare settings

Surgical Instrument Tracking Systems Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
  • Fortive Corporation
  • Material Management Microsystems
  • Haldor Advanced Technologies
  • BD
  • Getinge AB
  • STANLEY Healthcare
  • Integra LifeSciences
  • Xerafy Singapore Pte Ltd
  • B. Braun Melsungen AG
  • SpaTrack Medical Limited
  • Scanlan International
  • ASANUS Medizintechnik GmbH
  • Infor
  • Vizinex RFID
  • ScanCARE Pty Ltd
  • TGX Medical Systems
  • Censis Technologies, Inc.

Table of Contents

1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage - Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Global Surgical Instrument Tracking Systems Market Overview
3.1 Global Surgical Instrument Tracking Systems Market Historical Value (2016-2022)
3.2 Global Surgical Instrument Tracking Systems Market Forecast Value (2023-2031)
4 Global Surgical Instrument Tracking Systems Market Landscape
4.1 Global Surgical Instrument Tracking Systems Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Global Surgical Instrument Tracking Systems Product Landscape
4.2.1 Analysis by Product Type
4.2.2 Analysis by Technology
4.2.3 Analysis by End User
5 Global Surgical Instrument Tracking Systems Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Global Surgical Instrument Tracking Systems Market Segmentation
6.1 Global Surgical Instrument Tracking Systems Market by Product Types
6.1.1 Market Overview
6.1.2 Hardware
6.1.3 Software
6.1.4 Services
6.2 Global Surgical Instrument Tracking Systems Market by Technology
6.2.1 Market Overview
6.2.2 Barcode Tracking
6.2.3 Radio Frequency Identification (RFID)
6.2.4 Electronic Tracking
6.2.5 Others
6.3 Global Surgical Instrument Tracking Systems Market by End User
6.3.1 Market Overview
6.3.2 Hospitals
6.3.3 Ambulatory Surgical Centers
6.3.4 Research Centers
6.3.5 Clinics
6.3.6 Others
6.4 Global Surgical Instrument Tracking Systems Market by Distribution Channel
6.4.1 Market Overview
6.4.2 Direct Tenders
6.4.3 Third Party Distributors
6.4.4 Others
6.5 Global Surgical Instrument Tracking Systems Market by Region
6.5.1 Market Overview
6.5.2 North America
6.5.3 Europe
6.5.4 Asia Pacific
6.5.5 Latin America
6.5.6 Middle East and Africa
7 North America Surgical Instrument Tracking Systems Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Surgical Instrument Tracking Systems Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Surgical Instrument Tracking Systems Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.6 Australia
9.7 Others
10 Latin America Surgical Instrument Tracking Systems Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Surgical Instrument Tracking Systems Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Patent Analysis
12.1 Analysis by Type of Patent
12.2 Analysis by Publication year
12.3 Analysis by Issuing Authority
12.4 Analysis by Patent Age
12.5 Analysis by CPC Analysis
12.6 Analysis by Patent Valuation
12.7 Analysis by Key Players
13 Grants Analysis
13.1 Analysis by year
13.2 Analysis by Amount Awarded
13.3 Analysis by Issuing Authority
13.4 Analysis by Grant Application
13.5 Analysis by Funding Institute
13.6 Analysis by NIH Departments
13.7 Analysis by Recipient Organization
14 Funding Analysis
14.1 Analysis by Funding Instances
14.2 Analysis by Type of Funding
14.3 Analysis by Funding Amount
14.4 Analysis by Leading Players
14.5 Analysis by Leading Investors
14.6 Analysis by Geography
15 Partnership and Collaborations Analysis
15.1 Analysis by Partnership Instances
15.2 Analysis by Type of Partnership
15.3 Analysis by Leading Players
15.4 Analysis by Geography
16 Regulatory Framework
16.1 Regulatory Overview
16.1.1 US FDA
16.1.2 EU EMA
16.1.5 Others
17 Supplier Landscape
17.1 Fortive Corporation
17.1.1 Financial Analysis
17.1.2 Product Portfolio
17.1.3 Demographic Reach and Achievements
17.1.4 Mergers and Acquisitions
17.1.5 Certifications
17.2 Material Management Microsystems
17.2.1 Financial Analysis
17.2.2 Product Portfolio
17.2.3 Demographic Reach and Achievements
17.2.4 Mergers and Acquisitions
17.2.5 Certifications
17.3 Haldor Advanced Technologies
17.3.1 Financial Analysis
17.3.2 Product Portfolio
17.3.3 Demographic Reach and Achievements
17.3.4 Mergers and Acquisitions
17.3.5 Certifications
17.4 BD
17.4.1 Financial Analysis
17.4.2 Product Portfolio
17.4.3 Demographic Reach and Achievements
17.4.4 Mergers and Acquisitions
17.4.5 Certifications
17.5 Getinge AB
17.5.1 Financial Analysis
17.5.2 Product Portfolio
17.5.3 Demographic Reach and Achievements
17.5.4 Mergers and Acquisitions
17.5.5 Certifications
17.6.1 Financial Analysis
17.6.2 Product Portfolio
17.6.3 Demographic Reach and Achievements
17.6.4 Mergers and Acquisitions
17.6.5 Certifications
17.7 STANLEY Healthcare
17.7.1 Financial Analysis
17.7.2 Product Portfolio
17.7.3 Demographic Reach and Achievements
17.7.4 Mergers and Acquisitions
17.7.5 Certifications
17.8.1 Financial Analysis
17.8.2 Product Portfolio
17.8.3 Demographic Reach and Achievements
17.8.4 Mergers and Acquisitions
17.8.5 Certifications
17.9 Integra LifeSciences
17.9.1 Financial Analysis
17.9.2 Product Portfolio
17.9.3 Demographic Reach and Achievements
17.9.4 Mergers and Acquisitions
17.9.5 Certifications
17.10 Xerafy Singapore Pte Ltd.
17.10.1 Financial Analysis
17.10.2 Product Portfolio
17.10.3 Demographic Reach and Achievements
17.10.4 Mergers and Acquisitions
17.10.5 Certifications
17.11 B. Braun Melsungen AG
17.11.1 Financial Analysis
17.11.2 Product Portfolio
17.11.3 Demographic Reach and Achievements
17.11.4 Mergers and Acquisitions
17.11.5 Certifications
17.12 SpaTrack Medical Limited
17.12.1 Financial Analysis
17.12.2 Product Portfolio
17.12.3 Demographic Reach and Achievements
17.12.4 Mergers and Acquisitions
17.12.5 Certifications
17.13 Scanlan International
17.13.1 Financial Analysis
17.13.2 Product Portfolio
17.13.3 Demographic Reach and Achievements
17.13.4 Mergers and Acquisitions
17.13.5 Certifications
17.14.1 Financial Analysis
17.14.2 Product Portfolio
17.14.3 Demographic Reach and Achievements
17.14.4 Mergers and Acquisitions
17.14.5 Certifications
17.15 ASANUS Medizintechnik GmbH
17.15.1 Financial Analysis
17.15.2 Product Portfolio
17.15.3 Demographic Reach and Achievements
17.15.4 Mergers and Acquisitions
17.15.5 Certifications
17.16 Infor
17.16.1 Financial Analysis
17.16.2 Product Portfolio
17.16.3 Demographic Reach and Achievements
17.16.4 Mergers and Acquisitions
17.16.5 Certifications
17.17 Vizinex RFID
17.17.1 Financial Analysis
17.17.2 Product Portfolio
17.17.3 Demographic Reach and Achievements
17.17.4 Mergers and Acquisitions
17.17.5 Certifications
17.18 ScanCARE Pty Ltd.
17.18.1 Financial Analysis
17.18.2 Product Portfolio
17.18.3 Demographic Reach and Achievements
17.18.4 Mergers and Acquisitions
17.18.5 Certifications
17.19 TGX Medical Systems
17.19.1 Financial Analysis
17.19.2 Product Portfolio
17.19.3 Demographic Reach and Achievements
17.19.4 Mergers and Acquisitions
17.19.5 Certifications
17.20 Censis Technologies, Inc.
17.20.1 Financial Analysis
17.20.2 Product Portfolio
17.20.3 Demographic Reach and Achievements
17.20.4 Mergers and Acquisitions
17.20.5 Certifications
18 Global Surgical Instrument Tracking Systems Market - Distribution Model (Additional Insight)
18.1 Overview
18.2 Potential Distributors
18.3 Key Parameters for Distribution Partner Assessment
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket

Companies Mentioned

  • Fortive Corporation
  • Material Management Microsystems
  • Haldor Advanced Technologies
  • Bd
  • Getinge Ab
  • Steris
  • Stanley Healthcare
  • Mobile Aspects
  • Integra Lifesciences
  • Xerafy Singapore Pte Ltd.
  • B. Braun Melsungen AG
  • Spatrack Medical Limited
  • Scanlan International
  • Case Medical
  • Asanus Medizintechnik GmbH
  • Infor
  • Vizinex Rfid
  • Scancare Pty Ltd.
  • Tgx Medical Systems
  • Censis Technologies, Inc.



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