According to a new market report published by Lucintel, the future of the surgical instrument tracking system market looks promising with opportunities in hospitals, clinics, research facilities, and laboratories. The global surgical instrument tracking system market is expected to grow with a CAGR of 17% from 2020 to 2025. The major drivers for this market are increasing number of surgical procedures, rising adoption of healthcare IT, rising trend for better patient care, and need of minimizing the operational expenses of healthcare facilities.
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Surgical instrument tracking system is a combination of the latest scanning technology and application software for inventory management. In this market, barcodes and radiofrequency identification are the major technologies. Lucintel forecasts that barcodes will remain the largest technology segment over the forecast period due to its several advantages, such as ease of handling and low installation cost.
Within this market, hospitals will remain the largest end user segment over the forecast period due to high patient inflow as compared to other end users in the market, use of more equipment and instruments on average than other healthcare providers, and greater number of surgical procedures.
North America will remain the largest region over the forecast period due to improving regulations and growth in healthcare expenditure.
Censis Technologies, Becton, Dickinson and Company, Materials Management Microsystem, Getinge, B. Braun, Haldor Advanced Technologies, Intelligent InSites, Key Surgical, Mobile Aspects, TGX Medical System, Vizbee RFID Solutions, and Xerafy are among the major suppliers in the global surgical instrument tracking system market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global surgical instrument tracking system market by technology, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Surgical Instrument Tracking System Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global surgical instrument tracking system market by technology, end user, and region as follows:
By Technology [$M shipment analysis for 2014 – 2025]:
Barcodes
Radiofrequency Identification (RFID)
By End User [$M shipment analysis for 2014 – 2025]:
Hospitals
Clinics
Research Facilities
Laboratories
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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