Surgical Instrument Tracking System Market 2018 Research Report implements an exhaustive study on Market Research Future. This Report Cover Key Market Driver, market size, growth rate, opportunities, market Dynamics and Overall Analysis. And also cover the other information such as Surgical Instrument Tracking System Market trends, Prominent players, chapter-wise Description followed by various user perceptions and Forecast till 2027.
Surgical Instrument Tracking System Market – Overview
The global surgical tracking system market is growing at a rapid pace and is expected to maintain a similar momentum over the next couple of years. Hospitals face various challenges in administration of inventory and tracing of medical instruments and devices throughout their work cycle be it during sterilization processes, surgery or post-surgery. That calls for scientific units and instrument monitoring systems. Incidents of instrument misplacement and hospital-acquired infections are also increasing at a high rate and that can add to the requirement for specific solutions such as surgical instrument tracking system.
A large number of deaths occur annually due to hospital-acquired infections; hence, installation of surgical instrument tracking systems is becoming extremely important for prevention of contagions brought on by contaminated units. Annually, around 4,500 to 6,000 surgical instruments are left in the surgical sites in U.S and additional surgeries have to be carried out in order to have them removed from the bodies of the patients. Here too, an operating instrument tracking is desired. The fatality rate of retained surgical objects is around 2% as reported by the National Center for Biotechnology Information.
The report on global surgical instrument tracking system market by Market Research Future (MRFR) offers valuable insights on the market and the industry, helping evaluate the economic factors currently governing the market. The report also discusses the latest strategies implemented by ruling players in the industry.
The key factors driving the growth of the global surgical instrument tracking market include regulatory framworks, high patient well-being concerns, increasing demand for inventory management, and the urgency to increase operational effectiveness. However, factors such as high cost of technology, budgetary constraints, and lengthy investment cycles are accreditted as the challenges for the global surgical instrument tracking market.
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Surgical Instrument Tracking System Market: Competitive Landscape
Dickinson and Company (US), Censis Technologies, Becton, B. Braun Melsungen AG (Germany), Inc. (US), STANLEY Healthcare (US), Infor (US), TGX Medical Systems (US), Mobile Aspects, Inc. (US), and Key Surgical (US) are the major players in the global surgical instrument tracking system market.
Surgical Instrument Tracking System Market – Segmental Analysis
Based on types, the surgical instrument tracking system market is segmented into electronic tracking, barcode tracking, and radio frequency identification (RFID). Based on components, it is segmented into software, services and others. Based on end users, it is segmented into hospitals, research centers, laboratories, clinics and others.
Regional Analysis of Surgical Instrument Tracking System Market
North America is in the forefront of the global surgical instrument tracking system market, the market in the region is expected to grow at a steady CAGR during the forecast period. This growth can be primarily attributed to the rising need for inventory management for advanced products and presence of highly developed healthcare infrastructure in North America. Europe ranks second in the global market for surgical instrument tracking system and is likely to present lucrative growth opportunities for market players in the years to come. Meanwhile, Asia Pacific (APAC) is expected to represent the fastest growing market and closely follow North America and Europe.
The Middle East & African (MEA) region is expected to emerge as a promising market for surgical instrument tracking system as it holds favorable export opportunities for the local producers.
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