Surgical Instrument Tracking Market Is Estimated To Record An Impressive CAGR Of 18% Through 2032

Surgical Instrument Tracking Market: Report Summary and Scope

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.

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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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Competitive Landscape

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground

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.

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Global Surgical Instrument Tracking Market: Research Methodology

A number of primary and secondary sources were consulted during the course of the study. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research. The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the Surgical Instrument Tracking market.

A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the Surgical Instrument Tracking market, which includes global GDP growth rate, various industries growth rate, such as chemical & materials, automotive, construction and others. This report serves as an authentic resource of intelligence on the Surgical Instrument Tracking market, enabling the readers to take fact-based decisions on the future direction of their businesses.

Key Questions Answered in Report

Which are the most lucrative markets for Surgical Instrument Tracking ?
Which factors will impact the growth of the market?
How will changing trends impact the strategies of market players?
How can market players capture the low-hanging opportunities across regions?
Which companies are leading the Surgical Instrument Tracking industry?
What are the winning strategies of stakeholders in the market?

Benefits of Fact.MR Study

Fact.MR has gradually established itself as one of the leading market research companies across the globe. Our unique, methodical, and up-to-date approach towards creating high-quality market reports ensures the reports include relevant market insights. Further, our team of analysts leaves no stone unturned while curating market reports in accord with the requirement of our clients.

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