Reports
Sale
Global Surgical Instrument Tracking Systems Market Growth: By Product Types: Hardware, Software, Services; By Technology: Barcode Tracking, Radio Frequency Identification (RFID), Electronic Tracking, Others; By End User: Hospitals, Others; By Distribution Channel; Regional Analysis; Supplier Landscape; 2024-2032
Global Surgical Instrument Tracking Systems Market Outlook
The global surgical instrument tracking systems market value was USD 222.96 million in 2023, driven by the rising incidence of retained surgical instruments across the globe. The market size is anticipated to grow at a CAGR of 28.5% during the forecast period of 2024-2032 to achieve a value of USD 1987.55 million by 2032.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The major factors driving the industry growth are the growing incidences of retained surgical instruments in the human body and the misplacement of such devices after surgical operations. Thus, the demand for advanced solutions like 2D barcodes and RFID to monitor the retained equipment is rising, boosting the sales of surgical instrument tracking systems globally.
Properties and Applications
Surgical instrument tracking systems are devices with advanced scanning technology in combination with inventory management application software, which provides management solutions for comprehensive surgical devices. It helps the user to gain full control over the surgical inventory.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
The global surgical instrument tracking systems market can be divided based on segments like product, technology, and regions.
- Products:
- Hardware Systems
- Software Systems
- Services
- Technology:
- Barcodes
- Radio Frequency Identification (RFID)
The EMR report looks into the regional surgical instrument tracking systems markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Read more about this report - REQUEST FREE SAMPLE COPY IN PDF
Market Analysis
With the growing instances of surgeries, the demand for surgical instrument tracking systems is also growing. In hospitals, the adoption of instrument tracking devices has witnessed a significant growth, which is boosting the sales of surgical instrument tracking systems globally. The factors like the growing need for inventory management coupled with the implementation of Unique Device Identification (UDI) regulations by the FDA, rapid technological development, and increased government efforts, encouraging the adoption of such devices are expected to aid the industry over the forecast period. Detection of medical equipment, along with the need for enhanced inventory management practices for surgical instruments, including sterilisation procedures, are some of the major issues encountered during the work cycle in the hospitals. Thus, the manufacturers are developing innovative technologies, which, in turn, is aiding the growth of the industry.
The software segment, among other product-types, leads the global surgical instrument tracking systems market, accounting for the highest share in the market. Further, the barcode technology, particularly 2D barcodes like data matrix and QR code, accounted for a major share in the market in 2020 owing to its increased adoption in the medical devices industry due to its low cost and robust build.
Region-wise, while North America dominated the surgical instrument tracking systems industry, accounting for the highest share in the market in 2020, the Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to the untapped growth opportunities and the rapidly evolving healthcare sector in countries like China and India in the region.
Competitive Landscape
The report presents a detailed analysis of the following key players in the global surgical instrument tracking systems industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Censis Technologies, Inc.
- Xerafy Singapore Pte Ltd.
- Getinge AB
- Haldor Advanced Technologies
- Microsystems, Inc.
- B. Braun Melsungen AG
- SpaTrack Medical Limited
- Others
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Types |
|
| Breakup by Technology |
|
| Breakup by End User |
|
| Breakup by Distribution Channel |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Supplier Landscape |
|
| Companies Covered |
|
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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 (2017-2023)
3.2 Global Surgical Instrument Tracking Systems Market Forecast Value (2024-2032)
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
9.5 ASEAN
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
16.1.3 INDIA CDSCO
16.1.4 JAPAN PMDA
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 STERIS
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 MOBILE ASPECTS
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 CASE MEDICAL
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
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The surgical instrument tracking market was valued at USD 222.96 million in 2023.
The market is expected to grow at a CAGR of 28.5% from 2024 to 2032 to reach a value of USD 1987.55 million by 2032.
The major drivers of the market include the growing incidences of retained surgical instruments in the human body and the misplacement of such devices after surgical operations, rising need for inventory management, growing technological development, and innovations in the industry.
The growing demand for advanced solutions like 2D barcodes and RFID to monitor the retained equipment is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products of surgical instrument tracking systems in the industry are hardware systems, software systems, and services.
The major technologies of surgical instrument tracking systems in the market are barcodes and radio frequency identification (RFID).
The major players in the industry are Censis Technologies, Inc., Xerafy Singapore Pte Ltd., Getinge AB, Microsystems, Inc., B. Braun Melsungen AG, Haldor Advanced Technologies and SpaTrack Medical Limited, among others.
Purchase Options
Call us on
Purchase Full Report
Mini Report
$ 3499
$1999
-
Selected Sections, One User
-
Printing Not Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Single User License
$ 5999
$2999
-
All Sections, One User
-
One Print Allowed
-
Email Delivery in PDF
-
Free Limited Customisation -
Post Sales Analyst Support -
50% Discount on Next Update
Five User License
$ 7999
$3999
-
All Sections, Five Users
-
Five Prints Allowed
-
Email Delivery in PDF
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Corporate License
$ 9999
$5999
-
All Sections, Unlimited Users
-
Unlimited Prints Allowed
-
Email Delivery in PDF + Excel
-
Free Limited Customisation
-
Post Sales Analyst Support
-
50% Discount on Next Update
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Why Expert Market Research?
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.
NEWSLETTER