Press release
Surgical Instrument Tracking Market To Grow On An Exponential Interconnected Note At A CAGR Of 18% Between 2022 - 2031: Fact.MR
The global surgical instrument tracking system industry is forecast to surge at a CAGR of 18%, reaching US$ 1,294.89 Mn by the end of the 2022-2032 assessment period, according to a recently revamped study published by Fact.MR. The market remains driven by the increased level of automation in the healthcare industry.During the 2017-2021 historical period, the market witnessed an impressive 15.1% CAGR, reaching US$ 215.01 Mn in value. During the COVID-19 pandemic, the ever increasing hospitalization rates rendered surgical instrument tracking systems all the more necessary, as surgical equipment requirements increased exponentially to treat infected patients.
As the number of equipment falling under UDI will keep escalating, it is likely to stimulate the demand for solutions that enable compliance such as surgical instrument tracking systems. Increasing government expenditures to improve overall efficiency of healthcare services is yet another factor likely to stimulate demand for high-grade surgical instrument tracking systems.
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Key Segments Covered in the Surgical Instrument Tracking Industry Report
Product
Surgical Instrument Tracking Console
Surgical Instrument Tracking Software
Surgical Endoscope Tracking and Management System
Surgical Instrument Tracking Services
Technology
Barcode Scanning Based Surgical Instrument Tracking Systems
RFID Based Surgical Instrument Tracking Systems
End User
Surgical Instrument Tracking for Hospital Sterile Processing Department (SPD)
Surgical Instrument Tracking for Hospital Operation Theatres
Surgical Instrument Tracking for Ambulatory Surgical Centers
Surgical Instrument Tracking for Office-based Specialized Clinics
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Key Takeaways from the Market Study
By product, surgical instrument tracking software to constitute over 60% revenue through 2032
RFID-based surgical instrument tracking to experience a staggering 18.4% CAGR
Surgical instrument tracking for hospital operation theatres to accumulate 1/3rd revenue share
Adoption by office-based specialized clinics likely to surge over 5x through 2032
North America to generate 38.5% of global surgical instrument tracking revenue
Asia Pacific to be the fastest growing market, clocking a 19% CAGR
Global market for surgical instrument tracking to be valued at US$ 247.41 Mn in 2022
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Competitive Landscape
Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions.
In October 2020, Steris- a seller of infection prevention, surgical equipment and other hospital products has acquired Key Surgical in a US$850 million deal that adds complementary product lines and expands its geographic reach.
Getinge AB and Intelligent InSites, Inc. have developed T-DOC 2000 surgical instrument traceability system. The solution supports the sterile supply workflow of instruments, consumables, and implants, from reprocessing, inventory and logistics to use.
More Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the Technology market, presenting historical demand data (2017-2021) and forecast statistics from 2022 to 2032.
The study divulges essential insights on the market based on product (instrument tracking console, software, endoscope tracking and management system and services), technology (barcode scanning based systems and RFID based systems) and end user (hospital sterile processing department (SPD), hospital operation theatres, ambulatory surgical centers and office-based specialized clinics) across seven regions (North America, Latin America, Europe, East Asia, South Asia, Oceania and MEA).
For More Insight- https://www.einpresswire.com/article/557050105/demand-for-alumina-oxide-automotive-ceramics-market-is-expected-to-grow-at-a-cagr-of-5-over-the-forecast-period
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