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Key Trend Reshaping the Surgical Instruments Tracking Systems Market in 2025: Advancements In Robotic Technology In Surgical Instruments Tracking Systems
Surgical Instruments Tracking Systems
The increasing number of surgical procedures is expected to boost the growth of the surgical instruments tracking systems market. The growing number of surgical operations is fueled by advancements in medical technology and the aging population requiring more healthcare services. Surgical instrument tracking systems are vital for improving efficiency and safety during surgeries by allowing real-time tracking and management of instruments, minimizing the risk of retained surgical items. According to the International Society of Aesthetic Plastic Surgery in September 2023, there was an 11.2% increase in procedures performed by plastic surgeons in 2022, with more than 14.9 million surgical and 18.8 million non-surgical procedures carried out worldwide. This increase in surgeries contributes to the growth of the surgical instruments tracking systems market.
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How will the growth rate of the surgical instruments tracking systems market shape industry trends by 2034?
The surgical instruments tracking systems market has experienced rapid growth and will grow from $201.01 billion in 2024 to $222.93 billion in 2025, at a CAGR of 10.9%. Growth drivers include a focus on reducing surgical site infections, better inventory management, demand for real-time visibility, the emergence of value-based healthcare, improving surgical outcomes, and enabling remote monitoring of instruments.
The surgical instruments tracking systems market is projected to grow to $332.87 billion by 2029, at a CAGR of 10.5%. This growth is driven by integration with hospital information systems, increased adoption of cloud-based solutions, growing surgical procedure volumes, public health initiatives, and adjustments to regulatory changes. Trends include RFID, barcode, IoT adoption, advancements in software and sensor technology, and mobile health solutions.
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What trends are poised to drive the future success of the surgical instruments tracking systems market?
Companies in the surgical instruments tracking systems market are developing technologies like robotic systems to gain a competitive edge. Robotic technology integrates advanced sensors and AI to perform complex tasks autonomously. In January 2023, Becton, Dickinson, and Company launched the BD Kiestra 3rd Generation Total Lab Automation System. This robotic track system automates microbiology specimen processing and offers flexible, modular configurations that can be tailored to a lab's workflow and space requirements.
Which primary segments of the surgical instruments tracking systems market are driving growth and industry transformations?
The surgical instruments tracking systems market covered in this report is segmented -
1) By Product: Hardware, Software, Services
2) By Technology: Barcodes, Radio Frequency Identification (RFID)
3) By End-use: Hospitals, Other End Users
Subsegments:
1) By Hardware: RFID Tags, Barcode Labels And Scanners, Real-Time Location Systems (RTLS) Devices, Wireless Tracking Devices
2) By Software: Inventory Management Software, Asset Tracking Software, Data Analytics Software For Tracking, Integration Software With Hospital Management Systems
3) By Services: Installation And Integration Services, Maintenance And Support Services, Consulting Services, Training And Educational Services
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Which region dominates the surgical instruments tracking systems market?
North America was the largest region in the surgical instruments tracking systems market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the surgical instruments tracking systems market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the surgical instruments tracking systems market landscape?
Major companies operating in the surgical instruments tracking systems market are 3M Company, Becton Dickinson and Company, Stryker Corporation, B. Braun Melsungen AG, Fortive Corporation, Getinge AB, Belimed AG, STANLEY Healthcare, Capsa Healthcare, Key Surgical, Invengo Technology Pte. Ltd., Case Medical Inc., WaveMark Inc., Terso Solutions, SATO Vicinity, Xerafy, Mobile Aspects, Synergy Health plc, VueMed, Haldor Advanced Technologies Ltd.
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What Is Covered In The Surgical Instruments Tracking Systems Global Market Report?
•Market Size Forecast: Examine the surgical instruments tracking systems market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the surgical instruments tracking systems market for a structured understanding.
•Key Players Overview: Analyze major players in the surgical instruments tracking systems market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the surgical instruments tracking systems market.
•Segment Contributions: Evaluate how different segments drive overall growth in the surgical instruments tracking systems market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the surgical instruments tracking systems market.
•Industry Challenges: Identify potential risks and obstacles affecting the surgical instruments tracking systems market.
•Competitive Landscape: Review strategic developments in the surgical instruments tracking systems market, including expansions, agreements, and new product launches.
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