Surgical Instrument Tracking Systems Market is Projected to Generate $442.9 Million By 2025
“The global surgical instrument tracking systems market size was valued at over USD 83.5 million in 2015. Increasing incidence of surgical instruments being left behind after surgery is the most significant factor anticipated to boost the market growth during the forecast period.�
The global Surgical Instrument Tracking Systems Market is expected to reach a value of USD 442.9 million by 2025, according to a new report by Grand View Research, Inc. Increasing incidence of surgical instruments being left behind after surgery is the most significant factor anticipated to boost the market growth during the forecast period. Annually in the U.S, around 4,500 to 6,000 surgical instruments are left in the surgical sites, which results in the need of additional surgery for removal of retained devices from the body. This in turn results in the need for operating instrument tracking products. Access Full Research Report on Global Surgical Instrument Tracking Systems Market : http://www.grandviewresearch.com/industry-analysis/surgicalinstrument-tracking-systems-market
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Rising adoption of medical devices and instrument tracking products by private and public hospitals is another major factor contributing to the growth of the market. The inventory management and tracing of medical devices and instruments during work cycle, such as during sterilization procedures, surgery, and post-surgery, is a major problem faced by the hospitals. Thus, the need of medical devices and instrument tracking systems is growing at high rate, which is expected to propel the growth of the sector. Further key findings from the study suggest:
As a result of low installation cost and ease of handling, barcode technology was the largest grossing segment of the surgical instrument tracking systems market in 2015.
The software solutions segment was the highest revenue-generating segment in 2015, owing to increasing technological advancement in software solutions.
In 2015, hospitals segment held the largest revenue share in the market, owing to the increasing adoption of track-and-trace for inventory management and surgical instruments tracing to provide better patient safety.
North America held the largest share of the surgical instrument tracking systems market in the year 2015. This region is expected to uphold its dominance during the forecast period.
Highly developed healthcare infrastructure and availability of advanced products is anticipated to drive the demand for medical device and instruments tracking products in North America during the forecast period
Some of the key players include Censis Technologies, Inc.; Materials Management Microsystems, Inc.; Haldor Advanced Technologies. Ltd.; Xerafy; B. Braun Melsungen AG; Getinge Group; and Becton, Dickinson and Company
Grand View Research has segmented the Surgical Instrument Tracking Systems Market on the basis of product, technology, end use, and region: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/healthcare
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Table of Content of Global Surgical Instrument Tracking Systems Market Research Report: Chapter 1 Research Methodology 1.1 Country Wise Market: Base Estimates 1.2 Global Market: CAGR Calculation 1.3 Region Based Segment Share Calculation 1.4 Research Scope & Assumptions 1.5 List of Data Sources 1.5.1 Data for primary interviews, by sources 1.5.2 Data for primary interviews, by region Chapter 2 Executive Summary 2.1 Market Snapshot Chapter 3 Surgical Instrument Tracking Systems Market Variables, Trends & Scope 3.1 Market Segmentation & Scope 3.2 Market Driver Analysis 3.2.1 Increasing incidence of retained surgical instrument cases 3.2.2 Escalating need for surgical instrument inventory management 3.2.3 Technological advancement 3.3 Market Restraint Analysis 3.3.1 High cost associated with implementation of surgical instruement tracking system 3.4 Key Opportunities Prioritized 3.4.1 Key opportunities prioritized, by product 3.4.2 Key opportunities prioritized, by technology 3.4.3 Key opportunities prioritized, by end-use
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3.5 Surgical Instrument Tracking Systems - SWOT Analysis, by Factor (Political & Legal, Economic and Technological) 3.6 Industry Analysis - Porter’s 3.7 Surgical Instrument Tracking Systems Market: Heat Map Analysis, 2015 Chapter 4 Surgical Instrument Tracking Systems: Product Estimates & Trend Analysis 4.1 Surgical Instrument Tracking Systems Market: Product Movement Analysis 4.2 Hardware 4.2.1 Hardware market, 2014 - 2025 (USD Million) 4.3 Software 4.3.1 Software market, 2014 - 2025 (USD Million) 4.4 Services 4.4.1 Services market, 2014 - 2025 (USD Million) Chapter 5 Surgical Instrument Tracking Systems: Technology Estimates & Trend Analysis 5.1 Surgical Instrument Tracking Systems Market: Technology Movement Analysis 5.2 Barcodes 5.2.1 Barcodes market, 2014 - 2025 (USD Million) 5.3 RFID 5.3.1 RFID market, 2014 - 2025 (USD Million) Chapter 6 Surgical Instrument Tracking Systems: End-Use Estimates & Trend Analysis 6.1 Surgical Instrument Tracking Systems Market: End-Use Movement Analysis
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6.2 Hospitals 6.2.1 Hospitals market, 2014 - 2025 (USD Million) 6.3 Others 6.3.1 Others market, 2014 - 2025 (USD Million) Chapter 7 Surgical Instrument Tracking Systems: Regional Estimates & Trend Analysis, by Product, Technology, End-Use 7.1 Surgical Instrument Tracking Systems Market Share by Region, 2014 & 2025 7.2 North America 7.2.1 U.S. 7.2.1.1 U.S. surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.2.1.2 U.S. surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.2.1.3 U.S. surgical instrument tracking systems market, by end-use, 2014 - 2025 (USD Million) 7.2.2 Canada 7.2.2.1 Canada surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.2.2.2 Canada surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.2.2.3 Canada surgical instrument tracking systems market, by enduse, 2014 - 2025 (USD Million) 7.3 Europe 7.3.1 Germany 7.3.1.1 Germany surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million)
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7.3.1.2 Germany surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.3.1.3 Germany surgical instrument tracking systems market, by end-use, 2014 - 2025 (USD Million) 7.3.2 UK 7.3.2.1 UK surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.3.2.2 UK surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.3.2.3 UK surgical instrument tracking systems market, by end-use, 2014 - 2025 (USD Million) 7.4 Asia Pacific 7.4.1 China 7.4.1.1 China surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.4.1.2 China surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.4.1.3 China surgical instrument tracking systems market, by enduse, 2014 - 2025 (USD Million) 7.4.2 India 7.4.2.1 India surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.4.2.2 India surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.4.2.3 India surgical instrument tracking systems market, by enduse, 2014 - 2025 (USD Million) 7.5 Latin America
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7.5.1 Brazil 7.5.1.1 Brazil surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.5.1.2 Brazil surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.5.1.3 Brazil surgical instrument tracking systems market, by enduse, 2014 - 2025 (USD Million) 7.5.2 Mexico 7.5.2.1 Mexico surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.5.2.2 Mexico surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.5.2.3 Mexico surgical instrument tracking systems market, by enduse, 2014 - 2025 (USD Million) 7.6 MEA 7.6.1 South Africa 7.6.1.1 South Africa surgical instrument tracking systems market, by product, 2014 - 2025 (USD Million) 7.6.1.2 South Africa surgical instrument tracking systems market, by technology, 2014 - 2025 (USD Million) 7.6.1.3 South Africa surgical instrument tracking systems market, by end-use, 2014 - 2025 (USD Million) Chapter 8 Competitive Landscape 8.1 Company Profiles 8.1.1 Censis Technologies, Inc. 8.1.1.1 Company Overview 8.1.1.2 Financial Performance
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8.1.1.3 Product Benchmarking 8.1.1.4 Strategic Initiatives 8.1.2 Xerafy 8.1.2.1 Company Overview 8.1.2.2 Financial Performance 8.1.2.3 Product Benchmarking 8.1.2.4 Strategic Initiatives 8.1.3 Getinge Group 8.1.3.1 Company Overview 8.1.3.2 Financial Performance 8.1.3.3 Product Benchmarking 8.1.3.4 Strategic Initiatives 8.1.4 Haldor Advanced Technologies. Ltd. 8.1.4.1 Company Overview 8.1.4.2 Financial Performance 8.1.4.3 Product Benchmarking 8.1.4.4 Strategic Initiatives 8.1.5 Materials Management Microsystems, Inc. 8.1.5.1 Company Overview 8.1.5.2 Financial Performance 8.1.5.3 Product Benchmarking 8.1.5.4 Strategic Initiatives 8.1.6 B. Braun Melsungen AG 8.1.6.1 Company Overview 8.1.6.2 Financial Performance 8.1.6.3 Product Benchmarking 8.1.6.4 Strategic Initiatives
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8.1.7 Becton, Dickinson and Company 8.1.7.1 Company Overview 8.1.7.2 Financial Performance 8.1.7.3 Product Benchmarking 8.1.7.4 Strategic Initiatives 8.1.8 Applied Logic, Inc. 8.1.8.1 Company Overview 8.1.8.2 Financial Performance 8.1.8.3 Product Benchmarking 8.1.8.4 Strategic Initiatives 8.1.9 FingerPrint Medical Ltd. 8.1.9.1 Company Overview 8.1.9.2 Financial Performance 8.1.9.3 Product Benchmarking 8.1.9.4 Strategic Initiatives 8.1.10 SpaTrack Medical Ltd. 8.1.10.1 Company Overview 8.1.10.2 Financial Performance 8.1.10.3 Product Benchmarking 8.1.10.4 Strategic Initiatives About Grand View Research, Inc.:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers
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