(EMAILWIRE.COM, September 05, 2018 ) The report provides forecast and analysis of the global surgical instrument tracking market. It provides market overview of global surgical instrument tracking market of in terms of revenue (in US$ Mn). Furthermore, the report includes drivers, restraints, trends and opportunity of the surgical instrument tracking market and their impact on each country during the forecast period.
Surgical instrument tracking systems are those systems integrated with the scanning technology and software that ensures the tracking the details of surgical equipment and recording. Surgical instrument tracking systems are gaining huge demand in order to prevent the infection caused due to contaminated instruments and better inventory management. In the recent years, owing to the need of minimizing operational expenses of healthcare facilities the market is witnessing huge demand and will continue the same trend during the forecast period.
The surgical instrument tracking systems market has been witnessing significant growth over the past few years owing to technological advancements along with the rising need for surgical instrument cases. Rising demand for advanced medical devices and instrument tracking products, increasing incidence of retained surgical instrument cases expected to bolster the market growth in the coming years. Furthermore, increasing interest of key players in the development of these systems with competitive prices and more sophisticated technologies is expected to offer significant growth opportunities during next few years. However, high costs associated with implementation of this surgical instrument tracking system are expected to restraint the market growth during the forecast period.
The -201cGlobal Surgical Instruments Tracking Market Analysis and Forecasts to 2025-201d can be segmented into type, technology, end user, and region. Based on the type, the market can be categorized as hardware, software and services. The hardware segment is projected to hold the highest CAGR during the forecast period. Owing to the increase in repeated purchases of tags is expected to witness a steep growth rate in during the forecast period,.
The market based on technology the market can be segmented into barcodes and radiofrequency Identification (RFID). RFID is projected to grow with highest CAGR during the forecast period. Advantages such as low installation costs and ease of use has resulted the barcode segment to hold the highest market share. Many large and small manufacturers in the market are aiming to develop advanced technologies, software and such developments are further expected to bolster the demand for these shorter needles in the coming years.
Based on end user, the market can be segmented as, hospitals, clinics, & others. Hospitals segment held the major market share and is estimated to continue the same during the forecast period. Increasing incidence of retained surgical instrument cases is one of the major factors significantly contributing towards the growth of the market. However, the rising need of RFID and 2D barcodes to track instruments in the operation theaters is further boosting the market growth.
The surgical instruments tracking systems market based on the end user is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North American market is further segmented into US and Canada. The Europe market is categorized into UK, Germany, and France. The market for surgical instruments tracking systems in Asia Pacific is segmented into Japan, China, and India. The Latin American market is categorized as Mexico and Brazil. The Middle East & Africa region is classified as South Africa, Saudi Arabia, and UAE. The surgical instruments tracking systems market report includes market size and analysis for all the above-mentioned regions and countries for technology, type, and end user.
The study also provides information for recent merger and acquisition deals happened in the market. Moreover, the report also includes growth strategies and entry barriers to be considered to cater to the exact business opportunities in this market. Additionally, to aid in strategic decision making, the report also includes competitive profiling of leading players, recent developments in the industry, financial analysis and various business strategies adopted by them. This report will help players in Global Surgical Instruments Tracking Systems market to plan and implement their strategies in different market areas such as emerging geographies, and new technologies.
Both primary and secondary research has been performed during the study. Secondary sources include Factiva, World Bank, and Hoover-2019s, company annual reports, investor presentations, and publications. The key players included in the Global Surgical Instruments Tracking Systems market report are Censis Technologies Inc., Materials Management Microsystems Getinge Group and Haldor Advanced Technologies among others.

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