Healthcare resource management has gained importance with increasing concerns on safety and security of medical devices and instruments. Surgical instrument tracking devices keep the track of surgical instruments and provide comprehensive reporting to the healthcare provider. These devices offer various advantages such as efficient workflow management, proper resources utilization and reduce cost. Therefore, majority of hospitals and surgical centers incorporate such systems for improving productivity and accountability of the organization.
The global surgical instrument tracking systems market exhibits exponential growth during forecast period due to increasing number of surgical procedures and rising adoption of healthcare IT in hospitals. Furthermore, increasing focus on security of costly surgical instruments and growing sue of RFID technology for instrument tracking drives the growth of the market. However, high cost of these tracking systems and competition among existing market players may restrain market growth.
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The “Global Surgical Instrument Tracking Systems Market Analysis to 2025” is a specialized and in-depth study of the industry with a focus on the global market trend. The report aims to provide an overview of global surgical instrument tracking systems market with detailed market segmentation by component, technology, end user, and geography. The global surgical instrument tracking systems market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
The surgical instrument tracking systems market is segmented based on component, technology and end user. On the basis of component, the market is segmented into hardware, software and services. On the basis of technology, the market is segmented into RFID and barcode. Based on the end user the market is segmented as hospitals and ambulatory surgical centers.
The report provides a detailed overview on the industry and forecast of the global Surgical Instrument Tracking Systems market based on component, technology and end user. It also provides market size and forecast till 2025 for overall Surgical Instrument Tracking Systems market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 13 countries globally along with current trend and opportunities prevailing in the region.
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North America is anticipated to hold largest share due to presence of key players in the US and growth of healthcare IT system. Also, adoption of these systems is found to be increasing with the rising emphasis on healthcare resource management and growing awareness about healthcare security systems. The market in Asia Pacific is driven by increasing number of market players offering instruments tracking solutions and increasing demand for technological advanced medical devices. Additionally, progress of healthcare IT sector in Japan China and India and increasing healthcare expenditure further influence the growth of market.
The report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the market in these regions.
The report also includes the profiles of key Surgical Instrument Tracking Systems companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, products and services offered, financial information of last 3 years, key development in past five years.
Some of the key players influencing the market Censis Technologies, Inc., Key Surgical, Getinge AB, Haldor Advanced Technologies. Ltd, Materials Management Microsystems, Inc., BD, B. Braun Melsungen AG, Applied Logic Inc., STANLEY Healthcare, Synergy Health plc and others.
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