Press release
Global Surgical Instrument Tracking System Market to Reach USD 1067.30 Mn. in 2032
Surgical Instrument Tracking System Market
The global Surgical Instrument Tracking Systems market, valued at USD 337 million in 2024, is projected to reach USD 1.067 billion by 2032, delivering a robust CAGR of 15.5% during the forecast period. This surge is fueled by rising automation adoption in hospitals, heightened patient safety focus, and regulatory pushes like the U.S. FDA's Unique Device Identification (UDI). North America currently leads, with Europe and Asia-Pacific rapidly catching up.
Curious to peek inside? Grab your sample copy of this report now:https://www.maximizemarketresearch.com/request-sample/84029/
►Competitive Landscape
The market is fiercely competitive, dominated by global leaders such as BD, Censis Technologies, Getinge AB, and regional specialists like Xerafy in Asia. North America boasts the highest demand thanks to advanced healthcare infrastructure and stringent compliance norms; Europe is a close second; Asia-Pacific is experiencing the fastest growth, driven by digitization; and the Middle East & Africa and Latin America are emerging as high-growth markets.
►Regional Insights
♦ United States - Growth & Opportunity
Growth in United States
The U.S. remains the largest market, owing to mature infrastructure, high surgical volume, and early UDI adoption. Hospitals continuously invest in RFID and barcode systems to improve operational efficiency and safety.
Opportunity in United States
Opportunities lie in integrating AI/EHR with tracking systems and upgrading legacy infrastructure. Scalable cloud-based platforms are especially in demand across ambulatory surgical centers and specialty clinics.
Consolidation in United States
Key M&A activity: In 2014, Steris acquired Integrated Medical Systems International (IMS) for USD 175 million, marking major consolidation in instrument-tracking services .
Updation in United States
Recent innovation: In January 2024, Becton Dickinson & Co. launched an AI-enabled RFID tracking system, enhancing real-time visibility across hospital networks.
♦ Asia-Pacific - Opportunity & Trends
Opportunity in Asia Pacific
Asia-Pacific, including China, India, and Australia, is seeing rapid healthcare digitalization. Government initiatives to integrate HIT and build smart surgery centers are boosting demand.
Trends in Asia Pacific
Trend drivers include steep investment in digital sterile processing and adoption of cost-effective barcode tagging vs. RFID. Hardware dominates the market, but RFID's resilience is prompting faster growth.
Consolidation in Asia Pacific
In 2025, Xerafy partnered with a research institute to develop next-gen sterilization-resistant RFID tags-an example of strategic R&D collaborations.
Updation in Asia Pacific
IPO and product updates are evolving: Several regional players from Singapore and Australia are expanding via innovative cloud-based platforms and partnerships.
Eager to discover what's within? Secure your sample copy of the report today:https://www.maximizemarketresearch.com/request-sample/84029/
♦ Europe - Trends & Consolidation
Trends in Europe
European hospitals are adopting digital health solutions like IoT-enabled sterilization and real-time analytics. Getinge AB expanded its offering in 2024 with centralized sterilization and tracking integrated analytics .
Consolidation in Europe
Censis Technologies and BD continue to innovate via mergers within automation and sterile-processing sectors. Additionally, Europe's scan4Safety initiative furthers regulatory-led consolidation .
Opportunity in Europe
As the EU MDR brings more complex regulations, there's growing opportunity for cloud-based, compliance-verified tracking solutions that integrate with existing hospital IT systems.
Updation in Europe
In January 2024, Censis Technologies (Fortive) launched the CensisAI2 Instrument Recovery System-an AI-powered sterilization monitoring platform that reduces costs and enhances compliance .
♦ Middle East & Africa - Opportunity & Updation
Opportunity in Middle East & African
Healthcare infrastructure investments across GCC and Saudi Arabia-such as 36 new hospitals being built with nearly 9,000 beds-create demand for advanced digital tracking systems.
Updation in Middle East & African
Governments in the region are increasing spending on healthcare digitization often with subsidies, leading to emerging opportunities for barcode/RFID system implementation and training.
Trends in Middle East & African
Adoption remains nascent, yet growing interest in standardizing sterile processing, reducing surgical site infections, and meeting international accreditation standards is accelerating growth.
Consolidation in Middle East & African
Though large global M&A activity is limited, regionally-focused acquisitions and partnerships-often with European or U.S. vendors-are boosting market presence.
Intrigued to explore the contents? Secure your hands-on sample copy of the report:https://www.maximizemarketresearch.com/request-sample/84029/
► Market Segmentation: In-Depth Analysis:
by Product
Hardware
Software
Services
The market for surgical instrument tracking systems is divided into three segments: software, hardware, and services. The surgical instrument tracking system market was dominated by hardware in 2024. It is anticipated that the industry will maintain its dominance during the study period. Hardware innovations such as barcode tags and RFID chips are increasing the use of these systems for inventory and surgical instrument management. For instance, the Wyss Institute at Harvard University has developed a technique that uses vapor deposition and biocompatible sealant to implant RFID chips inside metal surgical equipment.
by Application
Barcodes
Hospitals
Others
RFID
Others
RFID and barcodes are the two segments of the global surgical instrument tracking system market. The segment with the largest revenue share in 2024 was barcode technology. Barcodes are the most popular type of tracking technology, and their growing application in the medical device industry is a major contributor to their high market share. 2D barcodes, like data matrices and QR codes, are growing in popularity in the business because of their benefits, which include low costs, robust construction, and 360° readability.
by End-Use
Hospitals
Others
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-surgical-instrument-tracking-systems-market/84029/
► Learn about the top players driving innovation in the Market :
North America
1. Fortive Corporation (USA)
2. Material Management Microsystems (USA)
3. Haldor Advanced Technologies (USA
4. BD (Becton, Dickinson & Co.) (USA)
5. STERIS (USA)
6. STANLEY Healthcare (USA)
7. Mobile Aspects (USA)
8. Integra LifeSciences (USA)
9. Scanlan International (USA)
10. CASE Medical (USA)
11. Vizinex RFID (USA)
12. ScanCARE Pty Ltd. (USA)
13. TGX Medical Systems (USA)
14. Censis Technologies, Inc. (USA)
Europe
1. Getinge AB (Sweden)
2. B. Braun Melsungen AG (Germany)
3. SpaTrack Medical Limited (UK)
4. ASANUS Medizintechnik GmbH (Germany)
Asia-Pacific
1. Xerafy Singapore Pte Ltd. (Singapore)
2. ScanCARE Pty Ltd. (Australia)
3. Cadi Scientific (Singapore)
► Get Market Research Latest Trends :
♦ Bulimia Nervosa Market https://www.maximizemarketresearch.com/market-report/bulimia-nervosa-market/188570/
♦ Bone Screw System Market https://www.maximizemarketresearch.com/market-report/bone-screw-system-market/121454/
♦ Mother Child Healthcare Market https://www.maximizemarketresearch.com/market-report/mother-child-healthcare-market/187324/
♦ Global Bioengineered Protein Drugs Market https://www.maximizemarketresearch.com/market-report/global-bioengineered-protein-drugs-market/39151/
♦ Pregabalin Market https://www.maximizemarketresearch.com/market-report/global-pregabalin-market/109027/
♦ Global Adhesion Barrier Device Market https://www.maximizemarketresearch.com/market-report/global-adhesion-barrier-device-market/10968/
♦ Global Alzheimer's Disease Diagnostic Market https://www.maximizemarketresearch.com/market-report/global-alzheimers-disease-diagnostic-market/116921/
♦ Global Hospital Information Systems Market https://www.maximizemarketresearch.com/market-report/global-hospital-information-systems-market/83327/
♦ Global Eye Tracking System Market https://www.maximizemarketresearch.com/market-report/global-eye-tracking-system-market/23340/
♦ Epilepsy Treatment Market https://www.maximizemarketresearch.com/market-report/epilepsy-treatment-market/124423/
♦ Global Pulmonary Arterial Hypertension Market https://www.maximizemarketresearch.com/market-report/pulmonary-arterial-hypertension-market/122335/
♦ Global Pharmaceutical Continuous Manufacturing Market https://www.maximizemarketresearch.com/market-report/global-pharmaceutical-continuous-manufacturing-market/37204/
♦ Heparin Market https://www.maximizemarketresearch.com/market-report/global-heparin-market/103436/
♦ Global Nuclear Medicine/Radiopharmaceuticals Market https://www.maximizemarketresearch.com/market-report/global-nuclear-medicine-radiopharmaceuticals-market/7741/
♦ Global Anti Malarial Drugs Market https://www.maximizemarketresearch.com/market-report/global-anti-malarial-drugs-market/24938/
► Contact Maximize Market Research:
3rd Floor, Navale IT Park, Phase 2
Pune Banglore Highway, Narhe,
Pune, Maharashtra 411041, India
sales@maximizemarketresearch.com
+91 96071 95908, +91 9607365656
► About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Surgical Instrument Tracking System Market to Reach USD 1067.30 Mn. in 2032 here
News-ID: 4111586 • Views: …
More Releases from MAXIMIZE MARKET RESEARCH PVT. LTD.
Ethernet PHY Chip Market Forecast: From USD 11.25 Billion in 2024 to USD 21.45 B …
Ethernet Phy Chip Market size was valued at USD 11.25 Bn. in 2024, and the total Global Ethernet Phy Chip Market revenue is expected to grow by 8.4% from 2024 to 2032, reaching nearly USD 21.45 Bn.
Ethernet PHY Chip Market Overview:
The Ethernet PHY Chip Market plays a crucial role in enabling reliable and high-speed data communication across a wide range of devices and networking systems. Ethernet PHY (Physical Layer)…
Invoice Factoring Market Size Expected to Double, Hitting USD 5.51 Billion by 20 …
Invoice Factoring Market size was valued at USD 2.55 Billion in 2024 and the total Invoice Factoring revenue is expected to grow at a CAGR of 10.11% from 2025 to 2032, reaching nearly USD 5.51 Billion.
Invoice Factoring Market Overview:
The Invoice Factoring Market has gained significant momentum as businesses across industries seek efficient ways to manage working capital and cash flow challenges. Factoring enables companies to sell their outstanding invoices to…
LPG Market Trends: Demand Surge in Emerging Economies to Drive Future Growth
LPG Market size was valued at US $ 157.08 Bn. in 2023 and the total revenue is expected to grow at 6.5 % through 2024 to 2030, the LPG market is reaching nearly US $ 244.11 Bn. in 2030.
LPG Market Overview:
The Liquefied Petroleum Gas (LPG) market plays a vital role in the global energy landscape due to its versatility, cost-effectiveness, and cleaner-burning properties compared to traditional fossil fuels. It is…
Plastic Market Forecast: From USD 532.82 Bn in 2024 to USD 787.22 Bn by 2032
Plastic Market size was valued at USD 532.82 Billion in 2024 and the total Plastic revenue is expected to grow at a CAGR of 5% from 2025 to 2032, reaching nearly USD 787.22 Billion.
Plastic Market Overview:
The plastic market is one of the most influential sectors in the global manufacturing and packaging industries, serving as a foundation for countless applications across automotive, electronics, construction, medical devices, textiles, and consumer goods. Plastics…
More Releases for USA
Remote Team Online Collaboration Tools Market Size in 2023 To 2029 | Asana (USA) …
The global market for Remote Team Online Collaboration Tools is anticipated to achieve a value of US$ million by 2029, experiencing growth from the US$ million recorded in 2022. This expansion is projected to be fueled by a compounded annual growth rate (CAGR) of % during the timeframe spanning from 2023 to 2029. Notable factors influencing the market, including economic conditions, the impacts of COVID-19, and the Russia-Ukraine War, have…
Risk Analysis Management Market 2019: By FireMon (USA), ForcePoint (USA), HPE De …
This report studies the Risk Analysis Management market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Risk Analysis Management market by product type and applications/end industries.
The global Risk Analysis Management market is valued at xx million USD in 2017 and is expected to reach xx million USD by…
Global Medical Wearable Market to 2025| Abbott Laboratories(USA), MC10(USA), Med …
Researchmoz added Most up-to-date research on "Global Medical Wearable Market Insights, Forecast to 2025" to its huge collection of research reports.
The global Medical Wearable market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025. The objectives of this study are to define, segment, and project the size of the Medical Wearable market based on company,…
Global Wearables in Healthcare Market to 2025: Abbott Laboratories(USA), MC10(US …
Researchmoz added Most up-to-date research on "Global Wearables in Healthcare Market Insights, Forecast to 2025" to its huge collection of research reports.
The global Wearables in Healthcare market is valued at million US$ in 2017 and will reach million US$ by the end of 2025, growing at a CAGR of during 2018-2025. The objectives of this study are to define, segment, and project the size of the Wearables in Healthcare…
Risk Analysis Management Market Outlook to 2023 – FireMon (USA), ForcePoint (U …
Risk and Vulnerability Analysis – including the ability to create virtual network maps and visualize network connections and analyze traffic flow
In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Risk Analysis Management market for 2018-2023.
Request for Sample of Global Risk Analysis Management Market 2018 Research Report: https://www.researchreportsinc.com/sample-request?id=232759
Over the next five years, Publisher projects that Risk Analysis Management will…
Risk Analysis Management Market Outlook to 2023 – FireMon (USA), ForcePoint (U …
In this report, Publisher studies the present scenario (with the base year being 2017) and the growth prospects of global Risk Analysis Management market for 2018-2023.
Risk and Vulnerability Analysis – including the ability to create virtual network maps and visualize network connections and analyze traffic flow
Request for Sample of Global Risk Analysis Management Market 2018 Research Report: https://www.researchreportsinc.com/sample-request?id=232759
Over the next five years, Publisher projects that Risk Analysis Management will…
