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Global Surgical Instrument Tracking System Market Size study & Forecast, by Product (Software, Hardware, Services) By Technology (Barcodes, Radiofrequency Identification) By End User (Hospitals, Others) and Regional Analysis, 2022-2029

February 2023 | 200 pages | ID: G28B920C8C66EN
Bizwit Research & Consulting LLP

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Global Surgical Instrument Tracking System Market is valued approximately USD 187.67 million in 2021 and is anticipated to grow with a healthy growth rate of more than 12.1% over the forecast period 2022-2029. Surgical Instrument Tracking System is for hospitals that places them in direct control of their surgical inventory down to the instrument level. Individual instruments are tracked through the entire sterilization process, from decontamination, assembly, and storage directly to cases. The Surgical Instrument Tracking System market is expanding because of factors such as rising sports injuries, accidents, and cardiac surgeries and growing adoption of automatic identification and tracking technologies.

Surgical Tracking systems are gaining importance among healthcare providers due to the drive to reduce costs and increase efficiency. Ensuring better inventory and asset management practices. Its prevalence has progressively increased during the last few decades. According to the Statista, the number of hospitalizations in Canada due to sports injuries, sorted by type, in fiscal year 2020-2021. Almost 5,251 people were hospitalized due to cycling injuries and around 1,317 people during skiing or snowboarding. Another important component driving space increase is cardiovascular disease. As per Statista, according to the findings of a comprehensive investigation carried out throughout India, the majority of respondents who experienced cardiac difficulties in 2020 were 60 years of age or older. In 2020, young adults only made up 3% of those with the condition, compared to teens who made up roughly 6% of those with heart issues. In addition, in 2021, research and development spending in the pharmaceutical industry totaled some USD 238 billion globally. However, the high cost of Surgical Instrument Tracking System stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Surgical Instrument Tracking System Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the Unique Device Identification regulations by the FDA and the need to reduce healthcare expenditures drive the surgical instrument tracking systems. According to the Statista, revenue in the Digital Health market is projected to reach USD 36.59 billion in 2023 and expected to show an annual growth rate of 7.28% in between 2023 to 2027 resulting in a projected market volume of USD 48.46 billion by 2027. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as due to government initiatives to implement asset tracking solutions and growing access to healthcare facilities in the market space.

Major market player included in this report are:

Censis Technologies, Inc
SpaTrack Medical Ltd
Xerafy Singapore Pte Ltd
Fingerprint Medical Ltd
Vizinex RFID
B. Braun Melsungen AG
RMS Omega Healthcare
Haldor Advanced Technologies
Microsystems, Inc
Ternio Group LLC

Recent Developments in the Market:
In July 2020, Vizinex RFID launched Flexible 6012 and Flexible 6027 RFID tags, which offer mounting flexibility, are durable, and are IP67-rated, making them ideal for tracking many types of assets in indoor settings. Both RFID tags offer mounting flexibility, are durable and are IP67-rated, making them ideal for tracking many types of assets in indoor settings. Asset tracking in factories, hospitals, data centers and offices is easy and cost effective with the RFID tag.

Global Surgical Instrument Tracking System Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Product, Technology, End User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product
Software
Hardware
Services

By Technology
Barcodes
Radiofrequency Identification (RFID)

By End User
Hospitals
Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
  1.2.1. Surgical Instrument Tracking System Market, by Region, 2019-2029 (USD Million)
  1.2.2. Surgical Instrument Tracking System Market, by Product, 2019-2029 (USD Million)
  1.2.3. Surgical Instrument Tracking System Market, by Technology, 2019-2029 (USD Million)
  1.2.4. Surgical Instrument Tracking System Market, by End User, 2019-2029 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Scope of the Study
  2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET DYNAMICS

3.1. Surgical Instrument Tracking System Market Impact Analysis (2019-2029)
  3.1.1. Market Drivers
    3.1.1.1. Rising sports injuries, accidents, and cardiac surgeries
    3.1.1.2. Growing adoption of automatic identification and tracking technologies
  3.1.2. Market Challenges
    3.1.2.1. High cost of Surgical Instrument Tracking System
  3.1.3. Market Opportunities
    3.1.3.1. Rising technological advancement

CHAPTER 4. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economical
  4.3.3. Social
  4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. RISK ASSESSMENT: COVID-19 IMPACT

5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario

CHAPTER 6. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY PRODUCT

6.1. Market Snapshot
6.2. Global Surgical Instrument Tracking System Market by Product, Performance - Potential Analysis
6.3. Global Surgical Instrument Tracking System Market Estimates & Forecasts by Product 2019-2029 (USD Million)
6.4. Surgical Instrument Tracking System Market, Sub Segment Analysis
  6.4.1. Software
  6.4.2. Hardware
  6.4.3. Services

CHAPTER 7. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY

7.1. Market Snapshot
7.2. Global Surgical Instrument Tracking System Market by Technology, Performance - Potential Analysis
7.3. Global Surgical Instrument Tracking System Market Estimates & Forecasts by Technology 2019-2029 (USD Million)
7.4. Surgical Instrument Tracking System Market, Sub Segment Analysis
  7.4.1. Barcodes
  7.4.2. Radiofrequency Identification (RFID)

CHAPTER 8. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER

8.1. Market Snapshot
8.2. Global Surgical Instrument Tracking System Market by End User, Performance - Potential Analysis
8.3. Global Surgical Instrument Tracking System Market Estimates & Forecasts by End User 2019-2029 (USD Million)
8.4. Surgical Instrument Tracking System Market, Sub Segment Analysis
  8.4.1. Hospitals
  8.4.2. Others

CHAPTER 9. GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, REGIONAL ANALYSIS

9.1. Surgical Instrument Tracking System Market, Regional Market Snapshot
9.2. North America Surgical Instrument Tracking System Market
  9.2.1. U.S. Surgical Instrument Tracking System Market
    9.2.1.1. Product breakdown estimates & forecasts, 2019-2029
    9.2.1.2. Technology breakdown estimates & forecasts, 2019-2029
    9.2.1.3. End User breakdown estimates & forecasts, 2019-2029
  9.2.2. Canada Surgical Instrument Tracking System Market
9.3. Europe Surgical Instrument Tracking System Market Snapshot
  9.3.1. U.K. Surgical Instrument Tracking System Market
  9.3.2. Germany Surgical Instrument Tracking System Market
  9.3.3. France Surgical Instrument Tracking System Market
  9.3.4. Spain Surgical Instrument Tracking System Market
  9.3.5. Italy Surgical Instrument Tracking System Market
  9.3.6. Rest of Europe Surgical Instrument Tracking System Market
9.4. Asia-Pacific Surgical Instrument Tracking System Market Snapshot
  9.4.1. China Surgical Instrument Tracking System Market
  9.4.2. India Surgical Instrument Tracking System Market
  9.4.3. Japan Surgical Instrument Tracking System Market
  9.4.4. Australia Surgical Instrument Tracking System Market
  9.4.5. South Korea Surgical Instrument Tracking System Market
  9.4.6. Rest of Asia Pacific Surgical Instrument Tracking System Market
9.5. Latin America Surgical Instrument Tracking System Market Snapshot
  9.5.1. Brazil Surgical Instrument Tracking System Market
  9.5.2. Mexico Surgical Instrument Tracking System Market
  9.5.3. Rest of Latin America Surgical Instrument Tracking System Market
9.6. Rest of The World Surgical Instrument Tracking System Market

CHAPTER 10. COMPETITIVE INTELLIGENCE

10.1. Top Market Strategies
10.2. Company Profiles
  10.2.1. Censis Technologies, Inc
    10.2.1.1. Key Information
    10.2.1.2. Overview
    10.2.1.3. Financial (Subject to Data Availability)
    10.2.1.4. Product Summary
    10.2.1.5. Recent Developments
  10.2.2. SpaTrack Medical Ltd
  10.2.3. Xerafy Singapore Pte Ltd
  10.2.4. Fingerprint Medical Ltd
  10.2.5. Vizinex RFID
  10.2.6. B. Braun Melsungen AG
  10.2.7. RMS Omega Healthcare
  10.2.8. Haldor Advanced Technologies
  10.2.9. Microsystems, Inc
  10.2.10. Ternio Group LLC

CHAPTER 11. RESEARCH PROCESS

11.1. Research Process
  11.1.1. Data Mining
  11.1.2. Analysis
  11.1.3. Market Estimation
  11.1.4. Validation
  11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption
LIST OF TABLES

TABLE 1. Global Surgical Instrument Tracking System Market, report scope
TABLE 2. Global Surgical Instrument Tracking System Market estimates & forecasts by Region 2019-2029 (USD Million)
TABLE 3. Global Surgical Instrument Tracking System Market estimates & forecasts by Product 2019-2029 (USD Million)
TABLE 4. Global Surgical Instrument Tracking System Market estimates & forecasts by Technology 2019-2029 (USD Million)
TABLE 5. Global Surgical Instrument Tracking System Market estimates & forecasts by End User 2019-2029 (USD Million)
TABLE 6. Global Surgical Instrument Tracking System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 7. Global Surgical Instrument Tracking System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 8. Global Surgical Instrument Tracking System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 9. Global Surgical Instrument Tracking System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 10. Global Surgical Instrument Tracking System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 11. Global Surgical Instrument Tracking System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 12. Global Surgical Instrument Tracking System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 13. Global Surgical Instrument Tracking System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 14. Global Surgical Instrument Tracking System Market by segment, estimates & forecasts, 2019-2029 (USD Million)
TABLE 15. Global Surgical Instrument Tracking System Market by region, estimates & forecasts, 2019-2029 (USD Million)
TABLE 16. U.S. Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 17. U.S. Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 18. U.S. Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 19. Canada Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 20. Canada Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 21. Canada Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 22. UK Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 23. UK Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 24. UK Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 25. Germany Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 26. Germany Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 27. Germany Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 28. France Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 29. France Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 30. France Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 31. Italy Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 32. Italy Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 33. Italy Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 34. Spain Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 35. Spain Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 36. Spain Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 37. RoE Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 38. RoE Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 39. RoE Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 40. China Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 41. China Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 42. China Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 43. India Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 44. India Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 45. India Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 46. Japan Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 47. Japan Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 48. Japan Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 49. South Korea Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 50. South Korea Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 51. South Korea Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 52. Australia Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 53. Australia Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 54. Australia Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 55. RoAPAC Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 56. RoAPAC Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 57. RoAPAC Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 58. Brazil Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 59. Brazil Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 60. Brazil Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 61. Mexico Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 62. Mexico Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 63. Mexico Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 64. RoLA Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 65. RoLA Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 66. RoLA Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 67. Row Surgical Instrument Tracking System Market estimates & forecasts, 2019-2029 (USD Million)
TABLE 68. Row Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 69. Row Surgical Instrument Tracking System Market estimates & forecasts by segment 2019-2029 (USD Million)
TABLE 70. List of secondary sources, used in the study of global Surgical Instrument Tracking System Market
TABLE 71. List of primary sources, used in the study of global Surgical Instrument Tracking System Market
TABLE 72. Years considered for the study
TABLE 73. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Surgical Instrument Tracking System Market, research methodology
FIG 2. Global Surgical Instrument Tracking System Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Surgical Instrument Tracking System Market, key trends 2021
FIG 5. Global Surgical Instrument Tracking System Market, growth prospects 2022-2029
FIG 6. Global Surgical Instrument Tracking System Market, porters 5 force model
FIG 7. Global Surgical Instrument Tracking System Market, pest analysis
FIG 8. Global Surgical Instrument Tracking System Market, value chain analysis
FIG 9. Global Surgical Instrument Tracking System Market by segment, 2019 & 2029 (USD Million)
FIG 10. Global Surgical Instrument Tracking System Market by segment, 2019 & 2029 (USD Million)
FIG 11. Global Surgical Instrument Tracking System Market by segment, 2019 & 2029 (USD Million)
FIG 12. Global Surgical Instrument Tracking System Market by segment, 2019 & 2029 (USD Million)
FIG 13. Global Surgical Instrument Tracking System Market by segment, 2019 & 2029 (USD Million)
FIG 14. Global Surgical Instrument Tracking System Market, regional snapshot 2019 & 2029
FIG 15. North America Surgical Instrument Tracking System Market 2019 & 2029 (USD Million)
FIG 16. Europe Surgical Instrument Tracking System Market 2019 & 2029 (USD Million)
FIG 17. Asia pacific Surgical Instrument Tracking System Market 2019 & 2029 (USD Million)
FIG 18. Latin America Surgical Instrument Tracking System Market 2019 & 2029 (USD Million)
FIG 19. Global Surgical Instrument Tracking System Market, company Market share analysis (2021)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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