Press release
Global Surgical Instruments Tracking Systems Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Surgical Instruments Tracking Systems
What Is the Surgical Instruments Tracking Systems Market Size and Projected Growth Rate?
The surgical instruments tracking systems market has grown quickly in recent years. It will expand from $201.01 billion in 2024 to $222.93 billion in 2025, reflecting a CAGR of 10.9%. Contributing factors include an emphasis on reducing surgical site infections (SSIs), better inventory management, demand for real-time visibility, the rise of value-based healthcare, improved surgical outcomes, and enabling remote monitoring and access to instruments.
The surgical instruments tracking systems market is anticipated to grow to $332.87 billion by 2029 with a CAGR of 10.5%, supported by HIS integration, cloud-based adoption, higher procedure rates, and shifting regulatory landscapes. Key trends include RFID and barcode use, IoT-enabled tracking, mobile health innovations, and advanced analytics.
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What Are the Major Segments in the Surgical Instruments Tracking Systems Market?
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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What Are The Driving Surgical Instruments Tracking Systems Market Evolution?
The surgical instruments tracking systems market is expected to benefit from the increasing number of surgical procedures. With more surgeries being performed due to technological advances and an aging population, the need for surgical instrument tracking systems has grown. These systems ensure real-time tracking and management of surgical tools, improving safety and efficiency. In September 2023, the International Society of Aesthetic Plastic Surgery reported an 11.2% increase in procedures performed in 2022. The rising volume of surgeries is stimulating the surgical instruments tracking systems market.
Which Firms Dominate The Surgical Instruments Tracking Systems Market Segments?
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.
What Are the Latest Developing Trends in the Surgical Instruments Tracking Systems Market?
Companies in the surgical instruments tracking systems market are focusing on the development of advanced technologies such as robotics to maintain a competitive edge. Robotic systems equipped with sensors and artificial intelligence (AI) help perform complex tasks autonomously. For example, in January 2023, Becton, Dickinson, and Company, a US-based medical device company, launched the BD Kiestra 3rd Generation Total Lab Automation System, a robotic track system for microbiology labs. This system automates specimen processing and connects various modules, allowing labs to customize their workflows.
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Which Is The Largest Region In 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Surgical Instruments Tracking Systems Market?
2. What is the CAGR expected in the Surgical Instruments Tracking Systems Market?
3. What Are the Key Innovations Transforming the Surgical Instruments Tracking Systems Industry?
4. Which Region Is Leading the Surgical Instruments Tracking Systems Market?
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