Global Surgical Instrument Tracking Market 2023-2029

Global Surgical Instrument Tracking Market 2023-2029

A surgical instrument tracking system directly contributes to surgical care safety and operational efficiency by assisting with inventory management and automated tracking of specific service points such as sterile processing, assembly, distribution and perioperative care. The global surgical instrument tracking market is likely to register a CAGR of over 9.2% with an incremental growth of USD 265.5 million during the forecast period 2023-2029.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global surgical instrument tracking market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, technology, end user, and region. The global market for surgical instrument tracking can be segmented by component: software, hardware, services. Globally, the hardware segment made up the largest share of the surgical instrument tracking market. Surgical instrument tracking market is further segmented by technology: barcode, radiofrequency identification (RFID). The RFID segment captured the largest share of the market in 2022. Based on end user, the surgical instrument tracking market is segmented into: ambulatory surgery centers (ASCs), hospitals, others. According to the research, the hospitals segment had the largest share in the global surgical instrument tracking market. On the basis of region, the surgical instrument tracking market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. North America held the largest revenue share in 2022.

The hardware market is further segmented into readers, tags, others. The readers segment was the largest contributor to the global surgical instrument tracking market in 2022.

Market Segmentation

By component: software, hardware, services

By technology: barcode, radiofrequency identification (RFID)

By end user: ambulatory surgery centers (ASCs), hospitals, others

By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report also provides a detailed analysis of several leading surgical instrument tracking market vendors that include Asanus Medizintechnik GmbH, B Braun Melsungen AG (Aesculap, Inc.), Becton, Dickinson and Company, Censis Technologies, Inc., FingerPrint Medical Ltd., Fortive Corporation, Getinge AB, Haldor Advanced Technologies Ltd., Intechnology Distribution PTY Ltd., Integra LifeSciences Holdings Corporation, Murata Manufacturing Co., Ltd., Promedical Inc dba Nutrace, Scanlan International, Inc., Spa Track Medical Limited, Stanley Black & Decker, Inc., Steris Corporation, Xerafy Singapore Pte. Ltd., Zebra Technologies Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.

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Scope of the Report

• To analyze and forecast the market size of the global surgical instrument tracking market.
• To classify and forecast the global surgical instrument tracking market based on component, technology, end user, region.
• To identify drivers and challenges for the global surgical instrument tracking market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global surgical instrument tracking market.
• To identify and analyze the profile of leading players operating in the global surgical instrument tracking market.

• Gain a reliable outlook of the global surgical instrument tracking market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.