According to the latest report by IMARC Group, titled "Global Surgical Instrument Tracking Systems Market Size, Share, Industry Trends, Growth, Opportunity and Forecast 2022-2027", the global surgical instrument tracking systems market reached a value of US$ 183.4 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 426.4 Million by 2027 exhibiting a CAGR of 14.30% during 2022-2027.
instrument tracking systems are used to manage inventory at various stages of
surgical procedures to meet the needs of healthcare professionals and improve
the quality of patient care. These systems enable the team to identify
unreturned instruments or surgical trays in real-time, which help reduce case
delays, simplify complex tasks, improve operation safety, and enhance staff
productivity. Owing to these properties, surgical instrument tracking systems
find extensive application in hospitals, private clinics, and ambulatory
surgery centers (ASCs).
Base Year: 2021
Forecast Year: 2022-2027
Surgical Instrument Tracking Systems Market Trends and Drivers:
The market is primarily driven by the rising number of surgical procedures across the globe. In addition, the growing geriatric population with chronic diseases such as cardiovascular diseases (CVDs), arthritis, cancer, and obesity represent another major growth-inducing factor.
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Besides this, several key players are offering advanced surgical instrument tracking systems incorporated with the latest scanning software for proper central sterile supply department (CSSD) management. This, coupled with the growing emphasis on better patient care and inventory management, is positively influencing the market growth.
Furthermore, technological advancements, the rising complexities in medical procedures, and the increasing number of deaths due to traditional methods are some of the factors anticipated to propel market growth in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Surgical Instrument Tracking Systems Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Becton Dickinson and Company, Censis Technologies Inc. (Fortive), Fingerprint Medical Limited, Getinge AB (Carl Bennet AB), Haldor Advanced Technologies Ltd., Scanlan International, Spatrack Medical Limited, Steelco S.p.A. (Miele), Steris Corporation, Ternio Group LLC, TGX Medical Systems and Xerafy Singapore Pte Ltd.
The report has segmented the market on the basis of region, component, technology and end user.
Breakup by Component:
Breakup by Technology:
· Barcode Tracking
· Radio Frequency Identification (RFID)
Breakup by End User:
· Ambulatory Surgical Centers
· Research Centers
Breakup by Region:
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Key highlights of the report:
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