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What are the Growth Drivers of Surgical Instrument Tracking System Market Size? Censis Technologies, Inc., Microsystems, Inc, Becton, Mobile Aspects, TGX Medical Systems, Xerafy Spx Flow Inc., STANLEY Healthcare

03-13-2020 12:54 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: marketstudyreport.com

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Market Study Report LLC recently added a new title on 2019-2026 Global Surgical Instrument Tracking System Market Report from its database. The report provides study with in-depth overview, describing about the Product, Industry Scope and elaborates market outlook and status to 2026.

Surgical Instrument Tracking System are used in healthcare. It was used to earlier to manage the instrument count sheet and for some basic traceability of instrument. However, introduction of 2D barcodes has introduced the technology of processing staff members to identify instruments and look after the history of each instrument's use. This helps staff to determine the repair or replacement of instrument if needed. Another tracking technology is RFID that helps to identify and track the device in the medical facility. Global Surgical Instrument Tracking System Market is valued approximately at USD 140.6 million in 2018 and is anticipated to grow with a healthy growth rate of more than 14.5% over the forecast period 2019-2026.

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Due to insufficient supply chain management that leads to misplaced or lost of hospital supplies, devices, or uneven equipment flow. The surgical instrument tracking system would decrease this loss for hospitals and help them to track their equipment which enable the growth of the market over the forecast period of 2019-2026. Factors such as adoption of innovative technologies to track equipment and systems and requirement for better inventory and asset management practices is increasing the demand in of the market.

The regional analysis of global Surgical Instrument Tracking System Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world in terms of market share owing to the strongest economies and widespread industries, which create high capital investment capabilities. Whereas, North America is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as growing population, high disposable income, Unique Device Identification (UDI) regulations by FDA and need to cut down the healthcare expenditure would create lucrative growth prospects for the Surgical Instrument Tracking System Market across North American region.

Major market player included in this report are:
o Censis Technologies, Inc.
o Material Management Microsystems (Microsystems, Inc)
o Becton, Dickinson and Company
o Haldor Advanced Technologies Ltd.
o Intelligent Insites, Inc
o Key Surgical, Inc.
o Mobile Aspects
o TGX Medical Systems
o Xerafy Spx Flow Inc.
o STANLEY Healthcare

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Technology:
o Barcode
o Radiofrequency Identification (RFID)

By Component:
o Software
o Hardware
o Services

By End User:
o Hospitals
o Other End Users

Table of Content:

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (Usd Billion)
1.2.1. Surgical Instrument Tracking Systems Market, By Region, 2017-2026 (Usd Billion)
1.2.2. Surgical Instrument Tracking Systems Market, By Technology, 2017-2026 (Usd Billion)
1.2.3. Surgical Instrument Tracking Systems Market, By Component, 2017-2026 (Usd Billion)
1.2.4. Surgical Instrument Tracking Systems Market, By End User, 2017-2026 (Usd Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Surgical Instrument Tracking Systems Market Definition And Scope
2.1. Objective Of The Study
2.2. Market Definition & Scope
2.2.1. Scope Of The Study
2.2.2. Type Evolution
2.3. Years Considered For The Study
2.4. Currency Conversion Rates
Chapter 3. Global Surgical Instrument Tracking Systems Market Dynamics
3.1. Surgical Instrument Tracking Systems Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Surgical Instrument Tracking Systems Market Type Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power Of Suppliers
4.1.2. Bargaining Power Of Buyers
4.1.3. Threat Of New Entrants
4.1.4. Threat Of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach To Porter's 5 Force Model (2016-2026)
4.2. Pest Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Surgical Instrument Tracking Systems Market, By Technology

Chapter 6. Global Surgical Instrument Tracking Systems Market, By Component

Chapter 7. Global Surgical Instrument Tracking Systems Market, By End User

Chapter 8. Global Surgical Instrument Tracking Systems Market, Regional Analysis

Chapter 9. Global Surgical Instrument Tracking System Market Competitive Intelligence

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