Global Surgical Instrument Tracking System
Market Report
2025
The Surgical Instrument Tracking System market was valued at USD 201.3 million in 2022 and will reach USD 417.5 million, with a CAGR of 12.1 % from 2022 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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The Surgical Instrument Tracking System market was valued at USD 201.3 million in 2022 and will reach USD 417.5 million, with a CAGR of 12.1 % from 2022 to 2030.
2021 | 2025 | 2033 | CAGR | |
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Global Surgical Instrument Tracking System Market Sales Revenue | 121212 | 121212 | 121212 | 12.1% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Surgical Instrument Tracking System Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The surgical instrument tracking system combines advanced scanning technology with software inventory management. It is used in managing surgical instruments and allows users to monitor a surgical stock thoroughly. Additionally, surgical tool tracking systems offer smart warnings when resources need maintenance of any kind and eliminate unnecessary expensive use-based attention. As a result, the surgical tool tracking system provides advanced technologies that support healthcare organizations in improving their surgical equipment's reliability, efficiency, and safety. Also, this device enhances the quality of life and reduces the total surgical time. The North America Surgical Instrument Tracking System Market has the largest revenue share.
The need for compliance-enabling solutions. As the number of devices covered by UDI keeps increasing, it is anticipated that the use of tracking systems for surgical tools would rise. With the use of advanced technology, tracking systems become more accurate. The market for surgical instrument monitoring systems is being driven by an increase in hospital-acquired infections and surgical tool misplacement. The high frequency of surgical instruments remaining in the body after surgery and instrument misplacement are additional factors influencing market expansion.
Restraining Factor:
The surgical instruments tracking system requires high investments which includes costs of hardware, application software, tags, and middleware; and the cost of maintenance services, consulting fees, and staff training, the cost of integrating the barcode and RFID framework with the legacy system. Additionally, from high cost of implementation, most automated surgical instrument tracking systems have very long investment lifecycles.
Impact of the COVID-19 pandemic on the Surgical Instrument Tracking System Market:
COVID-19 had a negative impact on the Surgical Instrument Tracking System market. This is because elective surgeries were postponed with a view to preserving the healthcare resources for the COVID-19 emergency by the governments of many countries during the pandemic. Major market players and research organizations had to postpone their projects due to transportation-related delays caused by travel restrictions and driver scarcity. Additionally, there are chances of medical supply and equipment shortages due to temporary production site closures.
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HID Global Acquires Vizinex RFID:
HID Global bought Vizinex RFID. The acquisition expands HID Global's influence and prominence in significant industry vertical sectors, such as healthcare and the medical industry, and improves its industry-leading RFID tag portfolio.
Intelligent Insites, Inc. and Getinge AB developed T-DOC 2000:
The T-DOC 2000 surgical tool traceability system was developed by Intelligent Insites, Inc. and Getinge AB. The system includes the sterile supply pipeline of instruments, consumables, and implants from reprocessing, inventory, and logistics through to usage.
Steris acquires Key Surgical:
Steris extended its global reach and introduced complementary product lines with the US$ 850 million acquisition of Key Surgical, a supplier of hospital consumables.
Top Companies Market Share in Surgical Instrument Tracking System Industry: (In no particular order of Rank)
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On the basis of regions, the Surgical Instrument Tracking System market is segmented into North America, Europe, Asia Pacific, South America and Middle East and Africa. North America has the highest revenue share over the forecasting period. This is attributed to the U.S. FDA's Unique Device Identification (UDI) program was developed in North America to address the expanding demand for medical equipment tracking in the region's healthcare sector, which would speed up product recalls and raise patient safety standards. However, the healthcare sector can quickly monitor and track inventory with the use of Unique Device Identification (UDI). Additionally, hospitals may use UDI to manage internal inventory or track medical equipment.
The current report Scope analyzes Surgical Instrument Tracking System Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Surgical Instrument Tracking System Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Surgical Instrument Tracking System Industry growth. Surgical Instrument Tracking System market has been segmented with the help of its Type, Application , and others. Surgical Instrument Tracking System market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
On the basis of Type, the Surgical Instrument Tracking System market is segmented into Hardware, Software, Services. In terms of type, the software segment is expected to dominate the market during the forecast period. This is attributed to the technology advancements in software. The hardware segment has the lucrative growth in the forecasting period. This is due to the continuous purchase of the products such as barcode and RFID labels. Additionally, increasing surgical procedures, and well-developed healthcare infrastructure expand market growth.
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By Application, the Surgical Instrument Tracking System market is segmented into Public Hospitals, Private Hospitals. The public hospitals segment is anticipated to dominate the growth of the surgical instrument tracking system market. This is due to the higher patient inflow compared to the private hospitals, demand for the use of equipment and instruments is also high as they conduct a greater number of surgical procedures.
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Research Associate at Cognitive Market Research
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the Pharmaceutical industry. With a keen analytical mind and a deep passion for healthcare advancements, she has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services.
Anushka Gore is a seasoned market researcher specializing in the dynamic landscape of the medical devices & consumables industry. She has dedicated herself unraveling the intricate market trends and consumer behaviors that shape the future of medical technologies and services. Her expertise in Market Research and business intelligence has equipped her with the skills necessary to analyze complex information and provide strategic recommendations.
In her current role, Anushka is a highly motivated and detail-oriented research analyst with a passion for uncovering valuable insights from data. She thrives in dynamic environments where her analytical abilities and research expertise can contribute to informed decision-making for businesses. Her collaborative approach facilitated effective communication of insights, fostering a data-driven culture within the organization.Anushka remains an invaluable asset in the dynamic landscape of market research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Surgical Instrument Tracking System Market is witnessing significant growth in the near future.
In 2023, the Hardware segment accounted for noticeable share of global Surgical Instrument Tracking System Market and is projected to experience significant growth in the near future.
The Public Hospitals segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Becton Dickinson , Haldor and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Type | Hardware, Software, Services, Others |
Application | Public Hospitals, Private Hospitals, Others |
List of Competitors | Becton Dickinson, Censis Technologies, Haldor, Getinge, Stanley Healthcare, SpaTrack Medical, TGX Medical Systems, Key Surgical, Xerafy and others |
This chapter will help you gain GLOBAL Market Analysis of Surgical Instrument Tracking System. Further deep in this chapter, you will be able to review Global Surgical Instrument Tracking System Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Surgical Instrument Tracking System. Further deep in this chapter, you will be able to review North America Surgical Instrument Tracking System Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Surgical Instrument Tracking System. Further deep in this chapter, you will be able to review Europe Surgical Instrument Tracking System Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Surgical Instrument Tracking System. Further deep in this chapter, you will be able to review Asia Pacific Surgical Instrument Tracking System Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Surgical Instrument Tracking System. Further deep in this chapter, you will be able to review South America Surgical Instrument Tracking System Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Surgical Instrument Tracking System. Further deep in this chapter, you will be able to review Middle East Surgical Instrument Tracking System Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Surgical Instrument Tracking System. Further deep in this chapter, you will be able to review Middle East Surgical Instrument Tracking System Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Surgical Instrument Tracking System. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Surgical Instrument Tracking System market
Chapter 12 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 13 Research Methodology and Sources
Why Hardware have a significant impact on Surgical Instrument Tracking System market? |
What are the key factors affecting the Hardware and Software of Surgical Instrument Tracking System Market? |
What is the CAGR/Growth Rate of Public Hospitals during the forecast period? |
By type, which segment accounted for largest share of the global Surgical Instrument Tracking System Market? |
Which region is expected to dominate the global Surgical Instrument Tracking System Market within the forecast period? |
Segmentation Level Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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