Surgical Instrument Tracking Systems Market to Reach USD 204.8 Mln by 2021, Says M&M in Its New Report Available at MarketPublishers.com28 Jul 2016 • by Natalie Aster
LONDON – In 2016, the value of the world’s market for surgical instrument tracking systems stands at around USD 92.2 million. Furthermore, this market is predicted to register a 17.3% CAGR up till 2021, and by 2021 will likely touch the value of USD 204.8 million. Key market growth drivers include enhancing patient safety concerns, increasing need for inventory management, UDI regulations and existing necessity to maximize revenues through operational efficiency.
In terms of technology, the world’s market is dominated by the barcodes sector given barcodes’ rising popularity owing to low installation costs and also user friendliness. In terms of components, the total market is led by the software sector. Meanwhile, the hardware sector is predicted to register the highest growth rates in the years to come primarily owing to strong demand for tags or labels replacement, which leads to repeat purchases.
In 2015, North America commands the largest share of the world’s market for surgical instrument tracking systems. However, through 2021 the APAC market is anticipated to experience the fastest growth.
The cutting-edge publication “Surgical Instrument Tracking Systems Market” worked out by MarketsandMarkets (M&M) gives trustworthy data on the performance of the world’s surgical instrumentation tracking systems market, reviews the market scenario across various geographies and explores the market dynamics. It sheds light on key growth influencing factors, uncovers data on the market size, value, volume, shares and top players. The research study scrutinizes the competitive pressures, reviews the regulative policies, contains info on the recent industry developments and product launches. Moreover, the report outlines future growth prospects for the global surgical instrumentation tracking systems market up to 2021.
More reports by the publisher are provided in the MarketsandMarkets’ catalogue available at MarketPublishers.com.