Surgical Instrument Tracking Systems Market Component (Software, Hardware, and Services), Technology (Radio-Frequency Identification and Bar Codes), and End-User (Hospitals (Private Hospitals and Public Hospitals), and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2020 – 2026

Published Date: 02-Dec-2020 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-816 Status : Published

According to the report published by Zion Market Research, global demand for Surgical Instrument Tracking Systems market was valued at approximately USD 179 Million in 2019, and is expected to generate revenue of around USD 340 Million by end of 2026, growing at a CAGR of around 13.1% between 2020 and 2026.

Description

Global Surgical Instrument Tracking Systems Market: Overview

Surgical instrument tracking systems are effective systems that aid the healthcare providers. The system basically includes service, hardware, and software. The surgical instrument tracking system can decrease case delays, enhance patient safety, and enhance staff productivity.

Global Surgical Instrument Tracking Systems Market: Growth Factors

The key factors propelling the growth of the global surgical instrument tracking market include Unique Device Identification regulations by Food and Drug Administration, high patient well-being concerns, increasing demand for inventory management, and the necessity to increase revenues through operational effectiveness. However, factors such as huge system costs, budgetary limitations, and lengthy investment cycles can be attributed to the restraining factors of the global surgical instrument tracking market growth.

Global Surgical Instrument Tracking Systems Market: Segmentation

The global surgical instrument tracking market may be segmented based on component, technology, end-user, and region. The component segment of the global market is divided into software, hardware, and services. The hardware segment is assumed to grow in the coming period due to the frequent requirement to change labels or tags, which ultimately leads to repeated purchases. The technology segment of the global surgical instrument tracking market is classified into radio-frequency identification and bar codes. The barcode segment is expected to dominate the technology market owing to its feasible use and low cost for installation. The end-user segment is diversified into hospitals and other. The hospital segment is sub-segmented into private hospitals and public hospitals. The hospital segment of the global surgical instrument tracking systems market is expected to grow at a fast pace due to the increasing need for inventory management to supervise a huge quantity of surgical instruments and to secure better patient well-being.

Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Global Surgical Instrument Tracking Systems Market: Regional Analysis

North America is expected to dominate the global surgical instrument tracking systems market due to the regulation by Food and Drug Administration for Unique Device Identification. However, the Asia-Pacific region is also anticipated to grow in the global market in the near future.

Global Surgical Instrument Tracking Systems Market: Competitive Players

Some main participants of the Surgical Instrument Tracking Systems market are Getinge Group, Censis Technologies, Inc., B. Braun Melsungen AG, Dickinson and Company, Becton, Applied Logic, Inc., and Haldor Advanced Technologies Ltd. The other key players in the global market are TGX Medical Systems, Materials Management Microsystems, Inc., Synergy Health, Vizbee RFID Solutions, Intelligent InSites, Inc., Infor, Xerafy, Mobile Aspects, Inc., and Key Surgical, Inc., among others.

Surgical Instrument Tracking Systems Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.2.Report Scope
  • Chapter 2.Research Methodulogy
    • 2.1.Research Methodulogy
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Surgical Instrument Tracking Systems Market, 2016 – 2026 (USD Million)
    • 3.2.Global Surgical Instrument Tracking Systems Market: Snapshot
  • Chapter 4.Surgical Instrument Tracking Systems Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.XXXX
      • 4.2.2.Increasing Demand for the Internet
    • 4.3.Restraints
      • 4.3.1.XXXX.
    • 4.4.Opportunities
      • 4.4.1.XXXX
    • 4.5.Porter’s Five Forces Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Surgical Instrument Tracking Systems Market Attractiveness, By Component
    • 5.2.Global Surgical Instrument Tracking Systems Market Attractiveness, By Technulogy
    • 5.3.Global Surgical Instrument Tracking Systems Market Attractiveness, By End-User
    • 5.4.Global Surgical Instrument Tracking Systems Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis
      • 6.1.1.Global Surgical Instrument Tracking Systems Market: Company Market Share, 2019
    • 6.2.Strategic Developments
  • Chapter 7.Surgical Instrument Tracking Systems Market – Component Segment Analysis
    • 7.1.Global Surgical Instrument Tracking Systems Market Overview: by Component
      • 7.1.1.Global Surgical Instrument Tracking Systems Market Revenue Share, by Component, 2019 & 2026
    • 7.2.Software
      • 7.2.1.Global Surgical Instrument Tracking Systems Market for Software, Revenue (USD Million) 2016 – 2026
    • 7.3.Hardware
      • 7.3.1.Global Surgical Instrument Tracking Systems Market for Hardware, Revenue (USD Million) 2016 – 2026
    • 7.4.Services
      • 7.4.1.Global Surgical Instrument Tracking Systems Market for Services, Revenue (USD Million) 2016 – 2026
  • Chapter 8.Surgical Instrument Tracking Systems Market – Technulogy Segment Analysis
    • 8.1.Global Surgical Instrument Tracking Systems Market Overview: by Technulogy
      • 8.1.1.Global Surgical Instrument Tracking Systems Market Revenue Share, by Technulogy, 2019 & 2026
    • 8.2.Radio-Frequency Identification
      • 8.2.1.Global Surgical Instrument Tracking Systems Market for Radio-Frequency Identification, Revenue (USD Million) 2016 – 2026
    • 8.3.Bar Codes
      • 8.3.1.Global Surgical Instrument Tracking Systems Market for Bar Codes, Revenue (USD Million) 2016 – 2026
  • Chapter 9.Surgical Instrument Tracking Systems Market – End-User Segment Analysis
    • 9.1.Global Surgical Instrument Tracking Systems Market Overview: by End-User
      • 9.1.1.Global Surgical Instrument Tracking Systems Market Revenue Share, by End-User, 2019 & 2026
    • 9.2.Hospitals
      • 9.2.1.Global Surgical Instrument Tracking Systems Market for Hospitals, Revenue (USD Million) 2016 – 2026
    • 9.3.Others
      • 9.3.1.Global Surgical Instrument Tracking Systems Market for Others, Revenue (USD Million) 2016 – 2026
  • Chapter 10.Surgical Instrument Tracking Systems Market – Regional Analysis
    • 10.1.Global Surgical Instrument Tracking Systems Market: Regional Overview
      • 10.1.1.Global Surgical Instrument Tracking Systems Market Revenue Share, by Region, 2019 & 2026
      • 10.1.2.Global Surgical Instrument Tracking Systems Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 10.2.North America
      • 10.2.1.North America Surgical Instrument Tracking Systems Market Revenue, 2016 – 2026 (USD Million)
      • 10.2.2.North America Surgical Instrument Tracking Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 10.2.3.North America Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
      • 10.2.4.North America Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
      • 10.2.5.North America Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
      • 10.2.6. U.S.
        • 10.2.6.1. U.S. Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
        • 10.2.6.2. U.S. Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
        • 10.2.6.3. U.S. Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
      • 10.2.7.Canada
        • 10.2.7.1.Canada Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
        • 10.2.7.2.Canada Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
        • 10.2.7.3.Canada Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
      • 10.3.Europe
        • 10.3.1.Europe Surgical Instrument Tracking Systems Market Revenue, 2016 – 2026 (USD Million)
        • 10.3.2.Europe Surgical Instrument Tracking Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
        • 10.3.3.Europe Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
        • 10.3.4.Europe Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
        • 10.3.5.Europe Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.3.6.Germany
          • 10.3.6.1.Germany Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.3.6.2.Germany Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.3.6.3.Germany Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.3.7.France
          • 10.3.7.1.France Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.3.7.2.France Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.3.7.3.France Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.3.8. U.K.
          • 10.3.8.1. U.K. Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.3.8.2. U.K. Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.3.8.3. U.K. Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.3.9.Italy
          • 10.3.9.1.Italy Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.3.9.2.Italy Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.3.9.3.Italy Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.3.10.Spain
          • 10.3.10.1.Spain Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.3.10.2.Spain Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.3.10.3.Spain Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.3.11.Rest of Europe
          • 10.3.11.1.Rest of Europe Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.3.11.2.Rest of Europe Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.3.11.3.Rest of Europe Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
      • 10.4.Asia Pacific
        • 10.4.1.Asia Pacific Surgical Instrument Tracking Systems Market Revenue, 2016 – 2026 (USD Million)
        • 10.4.2.Asia Pacific Surgical Instrument Tracking Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
        • 10.4.3.Asia Pacific Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
        • 10.4.4.Asia Pacific Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
        • 10.4.5.Asia Pacific Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.4.6.China
          • 10.4.6.1.China Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.4.6.2.China Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.4.6.3.China Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.4.7.Japan
          • 10.4.7.1.Japan Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.4.7.2.Japan Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.4.7.3.Japan Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.4.8.India
          • 10.4.8.1.India Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.4.8.2.India Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.4.8.3.India Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.4.9.South Korea
          • 10.4.9.1.South Korea Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.4.9.2.South Korea Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.4.9.3.South Korea Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.4.10.South-East Asia
          • 10.4.10.1.South-East Asia Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.4.10.2.South-East Asia Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.4.10.3.South-East Asia Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.4.11.Rest of Asia Pacific
          • 10.4.11.1.Rest of Asia Pacific Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.4.11.2.Rest of Asia Pacific Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.4.11.3.Rest of Asia Pacific Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
      • 10.5.Latin America
        • 10.5.1.Latin America Surgical Instrument Tracking Systems Market Revenue, 2016 – 2026 (USD Million)
        • 10.5.2.Latin America Surgical Instrument Tracking Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
        • 10.5.3.Latin America Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
        • 10.5.4.Latin America Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
        • 10.5.5.Latin America Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.5.6.Brazil
          • 10.5.6.1.Brazil Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.5.6.2.Brazil Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.5.6.3.Brazil Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.5.7.Mexico
          • 10.5.7.1.Mexico Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.5.7.2.Mexico Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.5.7.3.Mexico Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.5.8.Rest of Latin America
          • 10.5.8.1.Rest of Latin America Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.5.8.2.Rest of Latin America Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.5.8.3.Rest of Latin America Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
      • 10.6.The Middle-East and Africa
        • 10.6.1.The Middle-East and Africa Surgical Instrument Tracking Systems Market Revenue, 2016 – 2026 (USD Million)
        • 10.6.2.The Middle-East and Africa Surgical Instrument Tracking Systems Market Revenue, by Country, 2016 – 2026 (USD Million)
        • 10.6.3.The Middle-East and Africa Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
        • 10.6.4.The Middle-East and Africa Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
        • 10.6.5.The Middle-East and Africa Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.6.6.GCC Countries
          • 10.6.6.1.GCC Countries Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.6.6.2.GCC Countries Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.6.6.3.GCC Countries Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.6.7.South Africa
          • 10.6.7.1.South Africa Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.6.7.2.South Africa Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.6.7.3.South Africa Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
        • 10.6.8.Rest of Middle-East Africa
          • 10.6.8.1.Rest of Middle-East Africa Surgical Instrument Tracking Systems Market Revenue, by Component, 2016 – 2026
          • 10.6.8.2.Rest of Middle-East Africa Surgical Instrument Tracking Systems Market Revenue, by Technulogy, 2016 – 2026
          • 10.6.8.3.Rest of Middle-East Africa Surgical Instrument Tracking Systems Market Revenue, by End-User, 2016 – 2026
  • Chapter 11.Company Profiles
    • 11.1.Getinge Group
      • 11.1.1.Company Overview
      • 11.1.2.Financial Overview
      • 11.1.3.Product Portfulio
      • 11.1.4.Business Strategy
      • 11.1.5.Recent Developments
    • 11.2.Censis Technulogies Inc.
    • 11.3.B. Braun Melsungen AG
    • 11.4.Becton & Dickinson Company
    • 11.5.Applied Logic Inc.
    • 11.6.Haldor Advanced Technulogies Ltd.
    • 11.7.TGX Medical Systems
    • 11.8.Materials Management Microsystems
    • 11.9.Inc.
    • 11.1.Synergy Health
    • 11.11.Vizbee RFID Sulutions
    • 11.12.Intelligent InSites Inc.
    • 11.13.Infor
    • 11.14.Xerafy
    • 11.15.Mobile Aspects Inc.
    • 11.16.Key Surgical Inc.
    • 11.17.Others

Methodology


Frequently Asked Questions

The key factors propelling the growth of the global surgical instrument tracking market include Unique Device Identification regulations by Food and Drug Administration, high patient well-being concerns, increasing demand for inventory management, and the necessity to increase revenues through operational effectiveness.

According to Zion Market Research, global demand for Surgical Instrument Tracking Systems market is expected to generate revenue of around USD 340 Million by end of 2026, growing at a CAGR of around 13.1% between 2020 and 2026.

North America is expected to dominate the global surgical instrument tracking systems market due to the regulation by Food and Drug Administration for Unique Device Identification.

Some main participants of the Surgical Instrument Tracking Systems market are Getinge Group, Censis Technologies, Inc., B. Braun Melsungen AG, Dickinson and Company, Becton, Applied Logic, Inc., and Haldor Advanced Technologies Ltd. The other key players in the global market are TGX Medical Systems, Materials Management Microsystems, Inc., Synergy Health, Vizbee RFID Solutions, Intelligent InSites, Inc., Infor, Xerafy, Mobile Aspects, Inc., and Key Surgical, Inc., among others.
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