manisha kashid
by on January 31, 2024

Market Report Reveals Exciting Trends and Insights.

In a thorough investigation of the Surgical Instrument Tracking System Market, this research study gives essential insights into the market's position and trajectory throughout the forecast period. By focusing on primary and secondary drivers, market segmentation, and geographical analysis, the study illuminates key developments, partnerships, mergers & acquisitions, and current innovations affecting the industry landscape.

Estimated Revenue Growth:

Surgical Instrument Tracking System Market size was valued at USD 268.52Mn. in 2022 and the total Surgical Instrument Tracking System revenue is expected to grow by 15 % from 2022 to 2029, reaching nearly USD 714.28  Mn.

Comprehensive Market Scope:

Using a combination of direct and secondary research methods, the study investigates every area of the Surgical Instrument Tracking System market. This complete approach provides a sophisticated understanding of market dynamics, such as supply and demand, pricing patterns, product preferences, and customer behaviour. Data obtained through diligent research is compiled and evaluated utilising a variety of market estimating and data validation approaches, including a comprehensive in-house data forecasting methodology that predicts market growth until 2029.

Evaluation of market influence and drivers:

The report assesses the impact of numerous factors on market activity, including contributions from top writers, researchers, and analysts. The market's growth trajectory is traced by thoroughly analysing historical and present market conditions, as well as other affecting factors. The research provides the most recent information on the Surgical Instrument Tracking System market landscape, including demand, revenue forecasts, volume, share, growth, types, applications, and sales. Important restrictions such as item pricing, production capacity, profit and loss figures, and distribution tactics are all examined.

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Exploring market segmentation:

Market segmentation and key player research help to better understand the industry landscape. The research provides insights into the world's leading industry participants, including company profiles, product descriptions, strengths, output, pricing, costs, profits, and contact information. The study examines market trends, volume, and value at the global, regional, and business levels. Historical data and forecasts are analysed to provide a thorough view of the Surgical Instrument Tracking System market size from a worldwide perspective, with key enterprises ranked accordingly.

by Product

• Hardware
• Software
• Services

Based on Product, The global Surgical Instrument Tracking System market has been divided into three categories: hardware, software, and services. In 2022, the hardware product group had the highest revenue share of more than 45.00%. During the research period, the sector is expected to continue its dominance. Advances in hardware technology, like RFID chips and barcode tags, are boosting the use of these systems for inventory and surgical tool management. For example, Harvard University's Wyss Institute has devised a method for embedding RFID chips into metal surgical equipment utilizing a vapor deposition procedure and biocompatible sealant.

by Technology

• Barcodes
o Hospitals
o Others
o Others
o Hospitals

Based on the Technology, The global Surgical Instrument Tracking System market has been further segmented based on technology into barcodes and RFID. In 2022, the barcode technology category had the highest revenue share of more than 82.00%. The most widely used form of tracking technology is a barcode, and its rising use in the medical device sector is a significant factor leading to its high market revenue share. Due to its advantages, such as inexpensive prices, durable construction, and 360° readability, 2D barcodes, such as data matrices and QR codes, are becoming increasingly popular in the industry.

by End-use

• Hospitals
• Others

Based on the End-use, the hospital segment is expected to have significant market growth. Increased healthcare spending, as well as investment in new hospitals and expansion of existing ones, are likely to drive growth in the studied industry throughout the projection period. For example, the Indian government is developing sixteen additional All India Institutes of Medical Sciences (AIIMS) across the country in various phases, and according to the Indian Ministry of Health and Family Welfare, under Phase-V, in September 2021, the cabinet approved INR 1,264 crore for the development of AIIMS, Darbhanga, which is located in the Indian state of Bihar.

Thorough Regional Analysis:
Using both qualitative and quantitative data, the report provides a segment-by-segment overview and forecast of the global Surgical Instrument Tracking System market. Market size and forecast estimations are provided for five key regions: North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. Each region's Surgical Instrument Tracking System market is further segmented into regions and segments, examining current trends and future opportunities in the area.

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Key Players and Competitive Landscape:

• 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.
• Microsystems

Table of Content: Surgical Instrument Tracking System Market

Part 01: Executive Summary

Part 02: Scope of the Surgical Instrument Tracking System Market Report

Part 03: Surgical Instrument Tracking System Market Landscape

Part 04: Surgical Instrument Tracking System Market Sizing

Part 05: Surgical Instrument Tracking System Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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COVID-19 Impact Analysis:

A special section investigates the impact of COVID-19 on the Surgical Instrument Tracking System market, including information on post-pandemic development strategies, market dynamics, growth regulators, challenges, and market entry tactics. The major goal is to give businesses with a strategic study of the pandemic's influence on the Surgical Instrument Tracking System market, as well as an estimate of market potential in key countries.

Key Questions Addressed:
The report addresses key questions surrounding the Surgical Instrument Tracking System market, including potential high-growth prospects, rapidly growing market categories, regions poised for faster growth, major factors impacting market dynamics, and business risks and dangers in the industry.

In summary,

this research study offers a comprehensive analysis of the Surgical Instrument Tracking System market, providing stakeholders with valuable insights to navigate market complexities, capitalize on growth opportunities, and mitigate risks effectively.

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