Sunday, June 15, 2025
  • About Us
  • Contact Us
UAE247.CLUB
No Result
View All Result
SUBMIT NEWS
  • Home
  • Arts
  • Business
  • Entertainment
  • Health
  • Real Estate
  • Tech
  • Travel
  • Middle East
  • Press Releases
  • Home
  • Arts
  • Business
  • Entertainment
  • Health
  • Real Estate
  • Tech
  • Travel
  • Middle East
  • Press Releases
SUBMIT NEWS
No Result
View All Result
Writy.
Submit PR
Surgical Instrument Tracking System Market worth $406 million by 2026

Surgical Instrument Tracking System Market worth $406 million by 2026

Newsroom Editor by Newsroom Editor
November 22, 2022
in Press Releases
Share on FacebookShare on Twitter


 


(EMAILWIRE.COM, November 22, 2022 )

The report Surgical Instrument Tracking System Market is projected to reach USD 406 million by 2026 from an estimated USD 203 million in 2021, at a CAGR of 14.9% during the forecast period.

Major Growth Driving Factors:

Tracking systems are gaining importance among healthcare providers due to the drive to reduce costs and increase efficiency. Ensuring better inventory and asset management practices is key to this drive. End users are focused on minimizing the loss of valuable assets and ensuring smooth workflows.

Other factors driving market growth include the FDA’s Unique Device Identification mandates and the growth of the surgical instruments market. However, high system costs, long investment cycles, budgetary constraints, and technological limitations are expected to restrain market growth to a certain extent. Also, due to the COVID-19 pandemic, there was a slight decrease in growth in the first quarter of 2021. With elective and non-elective surgeries postponed, delayed, or cancelled worldwide, there was a marked decrease in the use of surgical instrument tracking systems and consumables.

Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=211153029

The Barcode segment accounted for the largest market share in 2020.

Based on technology, the surgical instrument tracking systems market is segmented into barcode and RFID. The barcode segment accounted for a larger market share in 2020. The low installation cost of barcodes has resulted in their increased adoption in the surgical instrument tracking systems market.

The Software segment accounted for the largest market share in 2020.

Based on components, the surgical instrument tracking systems market is segmented into software, hardware, and services. The software segment accounted for the largest market share in 2020. However, the hardware segment is expected to witness the highest growth during the forecast period. This is mainly due to the repeat purchase of non-durable RFID tags/barcode labels that need replacement, as tags/labels are prone to detachment during washing and/or damage during sterilization cycles.

The Hospitals segment accounted for the largest market share in 2020.

Based on end users, the surgical instrument tracking systems market is segmented into hospitals and other end users. The hospitals segment accounted for a larger share of the surgical instrument tracking systems market in 2020. Growth in the hospitals end-user segment can be attributed to their high patient inflow compared to other end users in the market. Hospitals also use more equipment and instruments on average than other healthcare providers and conduct a greater number of surgical procedures. This has ensured a sustained demand for tracking solutions in hospitals.

Geographical Growth Dynamics:

North America was the largest regional market for surgical instrument tracking systems market in 2020.

North America is the largest regional market for surgical instrument tracking systems. The Unique Device Identification (UDI) regulations by the FDA and the need to reduce healthcare expenditures drive the surgical instrument tracking systems market in North America. However, the Asia Pacific market is estimated to grow at the highest CAGR during the forecast period, primarily due to government initiatives to implement asset tracking solutions and growing access to healthcare facilities in the region.

Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=211153029

Key Players:

Some of the prominent players in the surgical instrument tracking systems market are Fortive Corporation (US), Material Management Microsystems (US), Becton, Dickinson and Company (BD) (US), Haldor Advanced Technologies (US), Getinge AB (Sweden), STERIS (US), STANLEY Healthcare (US), Mobile Aspects (US), Integra LifeSciences Holdings Corporation (US), Xerafy (Singapore), B. Braun Melsungen AG (Germany), SpaTrack Medical Limited (UK), Scanlan International, Inc. (US), Case Medical (US), ASANUS Medizintechnik GmbH (Germany), Keir Surgical Ltd. (Canada), TechnoSource Australia Pty Ltd. (Australia), NuTrace (US), Vizinex RFID (US), ScanCARE Pty Ltd. (US), RFID Discovery (UK), Healthtech Pivot LLP (India), RMS Omega Healthcare (US), Avery Dennison Corporation (US), and Surgical Safety Scanner (US).

Read More About Related Topics:

Track and Trace Solutions Market – Global Future Forecasts to 2027

Healthcare Asset Management Market – Global Future Forecasts to 2023

Surgical Tourniquets Market – Global Future Forecasts to 2024

Surgical Robots Market – Global Future Forecasts to 2026

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledgestore” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.



Source link

Previous Post

Ajman Tourism launches the “Ajman Sea Festival 2022”

Next Post

Dubai-Based Alfii Launches to Automate and Humanize People Operations for Overwhelmed HR Teams

Related News

Industrial Automation Market Set to Reach USD 465.7 Billion by 2032, Driven by Smart Manufacturing and Industry 4.0

by Newsroom Editor
June 13, 2025

(EMAILWIRE.COM, June 13, 2025 ) The Industrial Automation Market has witnessed remarkable transformation over the past decade, driven by rapid...

Fleet Management Market to Reach USD 40.6 Billion by 2032, Growing at 9.57% CAGR

by Newsroom Editor
June 13, 2025

(EMAILWIRE.COM, June 13, 2025 ) The market for fleet management was estimated to be worth USD 17.6 billion in 2023....

Energy Management System Market to Reach USD 88.48 Billion by 2030, Driven by Smart Infrastructure and Sustainability Trends

by Newsroom Editor
June 13, 2025

(EMAILWIRE.COM, June 13, 2025 ) The global Energy Management System market has emerged as a cornerstone of sustainable energy practices,...

Industry 4.0 Market to Reach USD 309.45 Billion by 2032, Driven by Smart Devices and Digital Transformation

by Newsroom Editor
June 13, 2025

(EMAILWIRE.COM, June 13, 2025 ) The Industry 4.0 market is undergoing rapid transformation as global enterprises increasingly embrace next-generation technologies...

Next Post
Dubai-Based Alfii Launches to Automate and Humanize People Operations for Overwhelmed HR Teams

Dubai-Based Alfii Launches to Automate and Humanize People Operations for Overwhelmed HR Teams

UAE247.Club™ publishes and aggregates business, socio-economic, Tech and industrial news on UAE, Middle East and North Africa (MENA).

Press release distribution services
We provide press release distribution to media in United Arab Emirates, the Arab world and the GCC/MENA regions. Submit a press release today or contact us.

Latest News

Recent Posts
  • Recreational Vehicles Market Accelerates Toward Growth with Tech-Driven Innovations | Keystone RV, Forest River Amongst Key Players
  • Waste Management Market Projected to Reach USD 711.7 Billion by 2032, Driven by 16.26 % CAGR By 2032
  • Sandwich Panel Market Size Forecasted to Grow at 8.9% CAGR, Reaching USD 5.42 Billion by 203
  • Aluminum Doors and Windows Market Set to Expand at a 6.20% CAGR, Reaching USD 1,12,902.3 Million by 2032

Category

Arts
Business
Entertainment
Health
Real State
Tech
Travel
Middle East
Press Releases

Subscribe to Our Newsletter

    UAE247.CLUB™ is part of GroupWeb Media Network. © 2025 GroupWeb Media LLC

    Submit News / About Us / Contact Us
    No Result
    View All Result
    • Home
    • Arts
    • Business
    • Entertainment
    • Health
    • Middle East
    • Press Releases
    • Real Estate
    • Tech
    • Travel
    • About Us
      • Submit a Press Release
      • Contact Us

    UAE247.CLUB™ is part of GroupWeb Media Network. © 2025 GroupWeb Media LLC