The Global Surgical Instrument Tracking System Market Report is a panoramic study of the overall Surgical Instrument Tracking System Market published by Emergen Research and covers a wide-ranging analysis of the technological advancements and product developments in the Surgical Instrument Tracking System Market. The report provides a detailed analysis of the key factors of the Surgical Instrument Tracking System Market that are expected to have a positive impact on the growth of the Surgical Instrument Tracking System Market industry.
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The market for surgical instrument tracking systems was valued at USD 186.7 Million in 2021 and is projected to grow at a 12.1% revenue CAGR during the forecast period. Rising demand for federal government device identifications, technological improvements in medical devices, and rising desire for robotic procedures due to the advantages offered, such as lower risk of errors and others, are some of the key factors influencing market revenue growth.
As surgeons and patients search for better and more predictable outcomes, robotic-assisted orthopaedic surgery is becoming more and more popular in a number of nations throughout the world. During the next few years, this trend is anticipated to accelerate dramatically. According to studies, there is a need and the moment is right to launch a revolutionary new technology, as there are about 200,000 joint replacement surgeries performed annually. The introduction of surgical gadgets by numerous large corporations is boosting demand in this sector.
For instance, on July 13, 2021, Smith and Nephew, a leading provider of medical technology, announced the introduction of the CORI Surgical System, a cutting-edge robotics platform, as part of its Real Intellectual Ability suite of supporting technology solutions in India. The demand for surgical equipment tracking devices is also being driven by the growing necessity for federal government device identification. For example, the FDA authorised different computer-assisted surgical system types on June 21, 2021. These systems can be used for pre-operative planning, surgical navigation, and aiding with surgical procedures. Robotically-Assisted Surgical (RAS) devices are one kind of computer-assisted surgical system.
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Competitive Outlook:
The global Surgical Instrument Tracking System market is highly consolidated due to the presence of a large number of companies across this industry. These companies are known to make hefty investments in research and development projects. Also, they control a considerable portion of the overall market share, thus limiting the entry of new players into the sector. The global Surgical Instrument Tracking System market report studies the prudent tactics undertaken by the leading market players, such as partnerships and collaborations, mergers & acquisitions, new product launches, and joint ventures.
Companies profiled in the global Surgical Instrument Tracking System market:
BD, Xerafy Singapore Pte Ltd., FingerPrint Medical Limited, Getinge AB, B. Braun SE, Haldor Advanced Technologies, Microsystems, Inc., Ternio Group LLC, Keir Surgical, and Paragon Group Limited.
The report also covers the scope of individual applications and types in each region. The report also covers details about production and consumption patterns, technological developments, revenue growth, market size, market share, key trends and demands influencing market growth in the region, and robust presence of key players in the region.
Emergen Research has segmented the global surgical instrument tracking system market on the basis of product, technology, end-use, and region:
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Product Outlook (Revenue, USD Million; 2019-2030)
- Hardware
- Software
- Others
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Technology Outlook (Revenue, USD Million; 2019-2030)
- RFID
- Barcodes
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End-Use Outlook (Revenue, USD Million; 2019-2030)
- Hospitals
- Ambulatory surgical centers
- Others
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Major Geographies Analyzed in the Report:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Highlights of Table of Contents (TOC):
Overview of Global Surgical Instrument Tracking System Market
Competitive analysis of the Surgical Instrument Tracking System market
Regional analysis of Global Surgical Instrument Tracking System market production and revenue
Regional analysis of Global Surgical Instrument Tracking System market supply, consumption, and export & import
Type-based market analysis of global Surgical Instrument Tracking System production, revenue, and price trends
Application-based analysis of the global Surgical Instrument Tracking System market
Manufacturer profiles, manufacturing cost, and upstream and downstream analysis of global Surgical Instrument Tracking System market
Global Surgical Instrument Tracking System market forecast (2022-2030)
Conclusion of the research report
Appendix
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