Global Surgical Instrument Tracking Systems Market accounted to USD 92.6 Million in 2016 growing at a CAGR of 17.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Global Surgical Instrument Tracking Systems Market By Technology (Barcodes Market, RFID Market), By Component (Hardware Market, Software Market, Services Market), By End User (Hospitals), By Geography – Industry Trends and Forecast to 2024
The surgical instrument tracking systems market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of surgical instrument tracking systems market for global, Europe, North America, Asia Pacific and South America.
TOP Competitors of Market:
- Braun Melsungen AG, BD,
- Censis Technologies, Inc.,
- Haldor Advanced Technologies,
- Microsystems, Inc.,
- Applied Logic, Inc., Infor,
- Intelligent InSites,
- Key Surgical,
- Mobile Aspects Inc.,
- STANLEY Healthcare,
- TGX Medical Systems,
- Vizbee RFID Solutions,
- Roboz Surgical Instrument Co.,
- JJ International Instruments,
- GEISTER MEDIZINTECHNIK GmbH, ESI,
- Millennium Surgical Corp and Katalyst Surgical, LLC.
- among others.
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Surgical Instruments Tracking System is the systems combines with scanning technology and application software. Sub-extensions including ScopeTrac, TrayTrac and InstrumenTrac ensure the tracking of surgical equipment is detailed and reporting is complete. The low installation cost and user friendliness of barcode systems are major factors driving their adoption in the market.
Major Market Drivers:
- Growth in technological advancements of products.
- Demand for advanced medical devices and instrument tracking products
- Increasing incidence of retained surgical instrument cases
- Rising need for surgical instrument record management
- By technology
- By component
- By end-user
- On the basis of geography
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