Global Surgical Instrument Tracking System Market Overview

Global Surgical Instrument Tracking System Market size is expected to grow from USD 230.2 Million in 2022 to USD 746.9 Million by 2030, at a CAGR of 15.9% during the forecast period (2023-2030).

  • A Surgical instrument tracking system is designed to improve ocancelledn manual recording and paper trails for managing an institution’s instrument inventory at the tray level. RFID Discovery provides real-time location information on surgical equipment and endoscopes to improve the utilization, management, and auditing of assets. An instrument tracking system promotes surgical care safety and operational efficiency by assisting in inventory management and automating tracking at specific points of service, such as assembly, distribution sterile processing, and others. It gives users exact cycle counts completed by an instrument and can’t further use after the maximum cycles have been reached. This completely removes user discretion and manual cycle counts and makes the process safer for patients.
  • Rising diseases like cardiovascular illnesses and other chronic disorders also increase the number of surgical procedures, including accidents, sports injuries, and cardiac surgeries are the major driving factors of the Surgical instrument tracking system market.  Advancements in technology expand the use of tracking systems in the upcoming years. Hospital facility uses RFID to identify and track gadget. Nowadays the adaption of 2D barcodes increased to improve instrument identification for sterile processing staff members. Healthcare businesses in these economies may have opportunities for growth due to increasing healthcare infrastructure. Each time a hospital returns a tray, the manufacturer needs to check that each instrument of surgery is there, correctly placed, cleaned, and fit so that it can be easy to use for the next procedure such factors increases the demand for surgical instrument tracking system market in the upcoming years. A surgical instrument tracking system helps to increase patient safety. This is due to enhanced sterile processing and distribution processes that to optimization of patient care.

Surgical Instrument Tracking System Market Trend Analysis

High Rate of Adoption of Surgical Instrument Tracking Systems by Hospitals

  • Surgical Instrument Tracking Systems help hospitals manage the lifecycle of surgical instruments, ensuring proper sterilization, reducing infection risks, and enhancing patient safety, aligning with healthcare providers' commitment to maintaining high standards and regulatory compliance. The SITS adoption surge is largely driven by efficiency gains, as it streamlines surgical instrument management, automates inventory tracking, minimises manual errors, and optimises resource utilization, leading to operational efficiencies, cost savings, and improved workflow management. The widespread adoption of real-time instrument location and status is driven by the need for accurate and up-to-date information, as hospitals recognize its importance in reducing the risk of misplacement or loss during critical procedures. Surgical instrument tracking systems are expected to drive growth in healthcare technology as hospitals seek innovative solutions to improve patient outcomes and operational efficiency. This integration not only addresses immediate challenges but also positions facilities for a technologically advanced, patient-centric future.

Emerging Technologies in Surgical Instrument Tracking System

  • RFID technology allows real-time, automated tracking of surgical instruments throughout their lifecycle, enabling accurate identification, location tracking, and monitoring of sterilization processes. This minimizes human errors and ensures instruments are readily available, optimizing surgical workflows. The Internet of Things (IoT) is a key technology driving the growth of the SITS market, as it enhances connectivity between surgical instruments and a centralized management system, providing valuable insights into usage patterns, and enabling informed inventory management, resource allocation, and maintenance schedules. Advanced data analytics and AI can help hospitals predict maintenance needs and make informed decisions, enabling proactive inventory management and reduced downtime by analyzing tracking system data and predicting instrument replacements. Cloud-based solutions are gaining popularity for surgical instrument tracking due to their scalability, accessibility, and real-time data storage, enabling healthcare facilities to efficiently manage large data volumes, support data-driven decision-making, and enhance system performance. The Surgical Instrument Tracking System market is poised for growth due to the integration of emerging technologies like RFID, IoT, AI, and cloud-based solutions, which not only address existing challenges but also drive innovation in surgical instrument management.

Regional Analysis In Surgical Instrument Tracking System Market

  • North America dominated the surgical instrument tracking system market. Owing to the increasing adoption of surgical instrument-tracking technology in the hospitals in this region. The introduction of the Unique Device Identification (UDI) by the FDA and the need to reduce healthcare expenditures drive the growth of the surgical instrument tracking system in North America. Increasing the number of surgical procedures and increase in the demand for surgical instrument tracking devices drives the market share. Also, technologically advanced products offering more features in tracking devices are the driving factor in this region. Additionally, an increase in the per capita healthcare expenditure with highly developed medical infrastructure drives the growth of the surgical instrument tracking system market in the upcoming years.

Top Key Players Covered In The Surgical Instrument Tracking System Market

  • Fortive Corporation (U.S.)
  • Material Management Microsystems (U.S.)
  • Becton, Dickinson and Company (BD) (U.S.)
  • Haldor Advanced Technologies (U.S.)
  • STERIS(U.S.)
  • STANLEY Healthcare (U.S.)
  • Mobile Aspects (U.S.)
  • Integra LifeSciences Holdings Corporation (U.S.)
  • Scanlan International, Inc. (U.S.)
  • Case Medical (U.S.)
  • NuTrace (U.S.)
  • Vizinex RFID (U.S.)
  • ScanCARE Pty Ltd. (U.S.)
  • RMS Omega Healthcare (U.S.)
  • Avery Dennison Corporation (U.S.)
  • Surgical Safety Scanner (U.S.)
  • Keir Surgical Ltd. (Canada)
  • Getinge AB (Sweden)
  • Xerafy (Singapore)
  • B. Braun Melsungen AG (Germany)
  • ASANUS Medizintechnik GmbH (Germany)
  • SpaTrack Medical Limited (UK)
  • RFID Discovery (UK)
  • Healthtech Pivot LLP (India), and Other Major Players

Key Industry Development In The Surgical Instrument Tracking System Market

  • In January 2023, SAVI transformed global surgical instrument tracking with Google Cloud- Powered by Vertex AI, SAVI (Semi-Automated Vision Inspection) transformed surgical instrument identification and cataloging, leading to fewer cataloguing surgeries and easing pressure on surgery waitlists.
  • In September 2022, Vizinex RFID was acquired by HID Global. The purchase broadens HID Global's reach and significance in important vertical sectors, such as healthcare and the medical sector, and enhances its portfolio of RFID tags, which is the best in the business.

Global Surgical Instrument Tracking System Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 230.2 Mn.

Forecast Period 2023-2030 CAGR:

15.9%

Market Size in 2030:

USD 746.9 Mn.

Segments Covered:

By Components

  • Hardware
  • Software
  • Services

By   Technology

  • Barcodes
  • RFID

By End Users

  • Hospitals
  • Ambulatory Surgical Centers

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • High Rate of Adoption of Surgical Instrument Tracking Systems by Hospitals

Key Market Restraints:

  • High Cost Associated with the Surgical Instrument Tracking System

Key Opportunities:

  • Emerging Technologies in Surgical Instrument Tracking System

Companies Covered in the report:

  • Xerafy , B. Braun Melsungen AG, Integra LifeSciences Holdings Corporation, STERIS , Healthtech Pivot LLP,and Other Major Players
  1. INTRODUCTION
    1. RESEARCH OBJECTIVES
    2. RESEARCH METHODOLOGY
    3. RESEARCH PROCESS
    4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
    5. MARKET SEGMENTATION
  2. EXECUTIVE SUMMARY
  3. MARKET OVERVIEW
  4. GROWTH OPPORTUNITIES BY SEGMENT
  5. MARKET LANDSCAPE
    1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power Of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
    2. INDUSTRY VALUE CHAIN ANALYSIS
    3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
    4. MARKET TREND ANALYSIS
    5. REGULATORY LANDSCAPE
    6. PESTLE ANALYSIS
    7. PRICE TREND ANALYSIS
    8. PATENT ANALYSIS
    9. TECHNOLOGY EVALUATION
    10. MARKET IMPACT OF THE RUSSIA-UKRAINE WAR
      1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
    11. ECOSYSTEM
  6. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BY COMPONENT (2016-2030)
    1. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. SOFTWARE
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. HARDWARE
    5. SERVICES
  7. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BY TECHNOLOGY (2016-2030)
    1. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. BARCODES
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. RADIOFREQUENCY IDENTIFICATION (RFID)
  8. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BY END-USER (2016-2030)
    1. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET SNAPSHOT AND GROWTH ENGINE
    2. MARKET OVERVIEW
    3. HOSPITALS
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2016 – 2030F)
      3. Historic And Forecasted Market Size in Volume (2016 – 2030F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
    4. PUBLIC HOSPITAL
    5. PRIVATE HOSPITAL
  9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
    1. COMPETITIVE LANDSCAPE
      1. Competitive Positioning
      2. Surgical Instrument Tracking System Market Share By Manufacturer (2022)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
    2. FORTIVE CORPORATION (U.S.)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
    3. MATERIAL MANAGEMENT MICROSYSTEMS (U.S.)
    4. HALDOR ADVANCED TECHNOLOGIES (U.S)
    5. STANLEY HEALTHCARE (U.S.)
    6. STERIS (U.S.)
    7. MOBILE ASPECTS (U.S.)
    8. BECTON, DICKINSON AND COMPANY (U.S.)
    9. INTEGRA LIFESCIENCES HOLDINGS CORPORATION (U.S.)
    10. SCANLAN INTERNATIONAL, INC. (U.S.)
    11. CASE MEDICAL (U.S.)
    12. NUTRACE (U.S.)
    13. VIZINEX RFID (U.S.)
    14. SCANCARE PTY LTD. (U.S.)
    15. RMS OMEGA HEALTHCARE (U.S.)
    16. AVERY DENNISON CORPORATION (U.S.)
    17. SURGICAL SAFETY SCANNER (U.S.)
    18. KEIR SURGICAL LTD. (CANADA)
    19. B. BRAUN MELSUNGEN AG (GERMANY)
    20. ASANUS MEDIZINTECHNIK GMBH (GERMANY)
    21. GETINGE AB (SWEDEN)
    22. SPATRACK MEDICAL LIMITED (UK)
    23. RFID DISCOVERY (UK)
    24. HEALTHTECH PIVOT LLP (INDIA)
    25. XERAFY (SINGAPORE)
    26. TECHNOSOURCE AUSTRALIA PTY LTD. (AUSTRALIA)
  10. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Component
      4. Historic And Forecasted Market Size By Technology
      5. Historic And Forecasted Market Size By End-User
      6. Historic And Forecasted Market Size By Country
        1. USA
        2. Canada
        3. Mexico
    3. EASTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Russia
        2. Bulgaria
        3. The Czech Republic
        4. Hungary
        5. Poland
        6. Romania
        7. Rest Of Eastern Europe
    4. WESTERN EUROPE
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Germany
        2. United Kingdom
        3. France
        4. The Netherlands
        5. Italy
        6. Spain
        7. Rest Of Western Europe
    5. ASIA PACIFIC
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Malaysia
        6. Thailand
        7. Vietnam
        8. The Philippines
        9. Australia
        10. New-Zealand
        11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Turkey
        2. Bahrain
        3. Kuwait
        4. Saudi Arabia
        5. Qatar
        6. UAE
        7. Israel
        8. South Africa
    7. SOUTH AMERICA
      1. Key Market Trends, Growth Factors And Opportunities
      2. Key Manufacturers
      3. Historic And Forecasted Market Size By Segments
      4. Historic And Forecasted Market Size By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
  11. INVESTMENT ANALYSIS
  12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies

Global Surgical Instrument Tracking System Market

Base Year:

2022

Forecast Period:

2023-2030

Historical Data:

2017 to 2022

Market Size in 2022:

USD 230.2 Mn.

Forecast Period 2023-2030 CAGR:

15.9%

Market Size in 2030:

USD 746.9 Mn.

Segments Covered:

By Components

  • Hardware
  • Software
  • Services

By   Technology

  • Barcodes
  • RFID

By End Users

  • Hospitals
  • Ambulatory Surgical Centers

By Region

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
  • Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
  • South America (Brazil, Argentina, Rest of SA)

Key Market Drivers:

  • High Rate of Adoption of Surgical Instrument Tracking Systems by Hospitals

Key Market Restraints:

  • High Cost Associated with the Surgical Instrument Tracking System

Key Opportunities:

  • Emerging Technologies in Surgical Instrument Tracking System

Companies Covered in the report:

  • Xerafy , B. Braun Melsungen AG, Integra LifeSciences Holdings Corporation, STERIS , Healthtech Pivot LLP,and Other Major Players

LIST OF TABLES

TABLE 001. EXECUTIVE SUMMARY
TABLE 002. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BARGAINING POWER OF SUPPLIERS
TABLE 003. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BARGAINING POWER OF CUSTOMERS
TABLE 004. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET COMPETITIVE RIVALRY
TABLE 005. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET THREAT OF NEW ENTRANTS
TABLE 006. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET THREAT OF SUBSTITUTES
TABLE 007. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BY COMPONENTS
TABLE 008. HARDWARE MARKET OVERVIEW (2016-2028)
TABLE 009. SOFTWARE MARKET OVERVIEW (2016-2028)
TABLE 010. SERVICES MARKET OVERVIEW (2016-2028)
TABLE 011. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BY TECHNOLOGY
TABLE 012. BARCODES MARKET OVERVIEW (2016-2028)
TABLE 013. RFID MARKET OVERVIEW (2016-2028)
TABLE 014. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET BY END USER
TABLE 015. HOSPITALS MARKET OVERVIEW (2016-2028)
TABLE 016. AMBULATORY SURGICAL CENTERS MARKET OVERVIEW (2016-2028)
TABLE 017. NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENTS (2016-2028)
TABLE 018. NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 019. NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER (2016-2028)
TABLE 020. N SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 021. EUROPE SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENTS (2016-2028)
TABLE 022. EUROPE SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 023. EUROPE SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER (2016-2028)
TABLE 024. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 025. ASIA PACIFIC SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENTS (2016-2028)
TABLE 026. ASIA PACIFIC SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 027. ASIA PACIFIC SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER (2016-2028)
TABLE 028. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 029. MIDDLE EAST & AFRICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENTS (2016-2028)
TABLE 030. MIDDLE EAST & AFRICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 031. MIDDLE EAST & AFRICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER (2016-2028)
TABLE 032. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 033. SOUTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENTS (2016-2028)
TABLE 034. SOUTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY (2016-2028)
TABLE 035. SOUTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER (2016-2028)
TABLE 036. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COUNTRY (2016-2028)
TABLE 037. XERAFY SINGAPORE PTE LTD.: SNAPSHOT
TABLE 038. XERAFY SINGAPORE PTE LTD.: BUSINESS PERFORMANCE
TABLE 039. XERAFY SINGAPORE PTE LTD.: PRODUCT PORTFOLIO
TABLE 040. XERAFY SINGAPORE PTE LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 040. B. BRAUN MELSUNGEN AG: SNAPSHOT
TABLE 041. B. BRAUN MELSUNGEN AG: BUSINESS PERFORMANCE
TABLE 042. B. BRAUN MELSUNGEN AG: PRODUCT PORTFOLIO
TABLE 043. B. BRAUN MELSUNGEN AG: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 043. TERNIO GROUP LLC: SNAPSHOT
TABLE 044. TERNIO GROUP LLC: BUSINESS PERFORMANCE
TABLE 045. TERNIO GROUP LLC: PRODUCT PORTFOLIO
TABLE 046. TERNIO GROUP LLC: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 046. FINGERPRINT MEDICAL LIMITED: SNAPSHOT
TABLE 047. FINGERPRINT MEDICAL LIMITED: BUSINESS PERFORMANCE
TABLE 048. FINGERPRINT MEDICAL LIMITED: PRODUCT PORTFOLIO
TABLE 049. FINGERPRINT MEDICAL LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 049. INTEGRA LIFESCIENCES HOLDINGS CORPORATION: SNAPSHOT
TABLE 050. INTEGRA LIFESCIENCES HOLDINGS CORPORATION: BUSINESS PERFORMANCE
TABLE 051. INTEGRA LIFESCIENCES HOLDINGS CORPORATION: PRODUCT PORTFOLIO
TABLE 052. INTEGRA LIFESCIENCES HOLDINGS CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 052. SPATRACK MEDICAL LIMITED: SNAPSHOT
TABLE 053. SPATRACK MEDICAL LIMITED: BUSINESS PERFORMANCE
TABLE 054. SPATRACK MEDICAL LIMITED: PRODUCT PORTFOLIO
TABLE 055. SPATRACK MEDICAL LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 055. GETINGE AB: SNAPSHOT
TABLE 056. GETINGE AB: BUSINESS PERFORMANCE
TABLE 057. GETINGE AB: PRODUCT PORTFOLIO
TABLE 058. GETINGE AB: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 058. MATERIAL MANAGEMENT MICROSYSTEMS: SNAPSHOT
TABLE 059. MATERIAL MANAGEMENT MICROSYSTEMS: BUSINESS PERFORMANCE
TABLE 060. MATERIAL MANAGEMENT MICROSYSTEMS: PRODUCT PORTFOLIO
TABLE 061. MATERIAL MANAGEMENT MICROSYSTEMS: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 061. FORTIVE CORPORATION: SNAPSHOT
TABLE 062. FORTIVE CORPORATION: BUSINESS PERFORMANCE
TABLE 063. FORTIVE CORPORATION: PRODUCT PORTFOLIO
TABLE 064. FORTIVE CORPORATION: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 064. BD: SNAPSHOT
TABLE 065. BD: BUSINESS PERFORMANCE
TABLE 066. BD: PRODUCT PORTFOLIO
TABLE 067. BD: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 067. OTHER MAJOR PLAYERS: SNAPSHOT
TABLE 068. OTHER MAJOR PLAYERS: BUSINESS PERFORMANCE
TABLE 069. OTHER MAJOR PLAYERS: PRODUCT PORTFOLIO
TABLE 070. OTHER MAJOR PLAYERS: KEY STRATEGIC MOVES AND DEVELOPMENTS

LIST OF FIGURES

FIGURE 001. YEARS CONSIDERED FOR ANALYSIS
FIGURE 002. SCOPE OF THE STUDY
FIGURE 003. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY REGIONS
FIGURE 004. PORTER'S FIVE FORCES ANALYSIS
FIGURE 005. BARGAINING POWER OF SUPPLIERS
FIGURE 006. COMPETITIVE RIVALRYFIGURE 007. THREAT OF NEW ENTRANTS
FIGURE 008. THREAT OF SUBSTITUTES
FIGURE 009. VALUE CHAIN ANALYSIS
FIGURE 010. PESTLE ANALYSIS
FIGURE 011. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY COMPONENTS
FIGURE 012. HARDWARE MARKET OVERVIEW (2016-2028)
FIGURE 013. SOFTWARE MARKET OVERVIEW (2016-2028)
FIGURE 014. SERVICES MARKET OVERVIEW (2016-2028)
FIGURE 015. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY TECHNOLOGY
FIGURE 016. BARCODES MARKET OVERVIEW (2016-2028)
FIGURE 017. RFID MARKET OVERVIEW (2016-2028)
FIGURE 018. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY END USER
FIGURE 019. HOSPITALS MARKET OVERVIEW (2016-2028)
FIGURE 020. AMBULATORY SURGICAL CENTERS MARKET OVERVIEW (2016-2028)
FIGURE 021. NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 022. EUROPE SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 023. ASIA PACIFIC SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 024. MIDDLE EAST & AFRICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)
FIGURE 025. SOUTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET OVERVIEW BY COUNTRY (2016-2028)

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Frequently Asked Questions :

What would be the forecast period in the Surgical Instrument Tracking System Market research report?

The forecast period in the Surgical Instrument Tracking System Market research report is 2023–2030.

Who are the key players in the Surgical Instrument Tracking System Market?

Fortive Corporation (U.S.), Material Management Microsystems (U.S.), Becton, Dickinson and Company (BD) (U.S.), Haldor Advanced Technologies (U.S.), STERIS (U.S.), STANLEY Healthcare (U.S.), Mobile Aspects (U.S.), Integra LifeSciences Holdings Corporation (U.S.), Scanlan International, Inc. (U.S.), Case Medical (U.S.), NuTrace (U.S.), Vizinex RFID (U.S.), ScanCARE Pty Ltd. (U.S.), RMS Omega Healthcare (U.S.), Avery Dennison Corporation (U.S.), Surgical Safety Scanner (U.S.), Keir Surgical Ltd. (Canada), Getinge AB (Sweden), Xerafy (Singapore), B. Braun Melsungen AG (Germany), ASANUS Medizintechnik GmbH (Germany), SpaTrack Medical Limited (UK), RFID Discovery (UK), Healthtech Pivot LLP (India), and Other Major Players.

What are the segments of the Surgical Instrument Tracking System Market?

The Surgical Instrument Tracking System Device Market is segmented into Components, Technology, End-user, and region. By Components, the market is categorized into Hardware, Software, and Services. By Technology, the market is categorized into Barcodes and RFID. By End-user, the market is categorized into Hospitals and Others. By region, it is analyzed across North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain, etc.), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).

What is the Surgical Instrument Tracking System Market?

A Surgical instrument tracking system is designed to improve on manual recording and paper trails for managing an institution’s instrument inventory at the tray level. RFID Discovery provides real-time location information on surgical equipment and endoscopes to improve the utilization, management, and auditing of assets. An instrument tracking system promotes surgical care safety and operational efficiency by assisting in inventory management and automating tracking at specific points of service, such as assembly, distribution sterile processing, and others.

How big is the Surgical Instrument Tracking System Market?

The Surgical Instrument Tracking System Market size is expected to grow from USD 230.2 Million in 2022 to USD 746.9 Million by 2030, at a CAGR of 15.9% during the forecast period (2023-2030).