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Surgical Instrument Tracking System Market Register Healthy Growth of 18% CAGR due to Increasing Number of Surgeries, Industry Size, Demand, Technology and Rising Trends Till – 2027

November 4th, 2019 Market Research Future Releases

Surgical instrument tracking systems are incredibly effective systems that assist healthcare providers. It basically comprises of software, hardware, and service. The specialty of this tracking system is it can work wonders in enhancing staff productivity, enhancing patient safety, and decreasing case delays.

Various factors are propelling the surgical instrument tracking system market growth. Some of these factors include growing need for better patient care and inventory management, unique device identification regulations by FDA, growing prevalence of retained surgical instrument, increasing number of surgeries, growing need for inventory management, growing use of medical devices, growth of surgical instruments, and investments by public and private hospitals, and technological advancements.

The “surgical instrument tracking system market is predicted to grow at a 18% CAGR between 2017-2027”, reveals the new Market Research Future (MRFR) report.

Get a  FREE Sample Copy at: https://www.marketresearchfuture.com/sample_request/1391

On the flip side, the unreliability of barcode systems, lengthy investment cycles, budgetary limitations, and huge system costs are factors that may hamper the surgical instrument tracking system market growth over the forecast period.

Key players have incorporated different strategies to create a foothold in the market, such as partnerships/joint ventures, R&D activities, mergers and acquisitions, product innovations, and more.

Major players profiled in the surgical instrument tracking system market report includes-

Key Surgical (US)

Mobile Aspects Inc. (US)

TGX Medical Systems (US)

Infor (US)

STANLEY Healthcare (US)

Censis Technologies Inc. (US)

Braun Melsungen AG (Germany)

Dickinson and Company (US)

and Becton.

Market Segmentation

The Market Research Future report provides a complete segmental analysis of the surgical instrument tracking system market based on types, end users, and component.

Based on type, the surgical instrument tracking system market is segmented into radio frequency identification, barcode tracking, electronic tracking, and others. Of these, the barcode tracking segment will have the largest share in the market over the forecast period. It is the most extensively used, especially in the medical devices industry, which is adding to the growth of the segment.

Based on end users, the surgical instrument tracking system market is segmented into laboratories, research facilities, clinics, hospitals, and others. Of these, the hospitals segment will dominate the market over the forecast period. This is owing to the high inflow of patients in hospitals compared to others. Moreover, hospitals use more instruments and equipment and perform a higher number of surgical procedures compared to other forms of healthcare providers.

Based on the component, the surgical instrument tracking system market is segmented into services, software, and others. Of these, the software segment will lead the market over the forecast period owing to the introduction of new software applications and frequent need for upgrades.

Intended Audience

Surgical instrument tracking system product manufacturers and vendors

Hospitals and clinics

Various consulting and research firms

Distributors of surgical instrument tracking systems

Ambulatory surgical centers

Access Complete Premium Research Details at: https://www.marketresearchfuture.com/reports/surgical-instrument-tracking-system-market-1391

Regional Analysis 

Based on the region, the surgical instrument tracking system market report covers the latest trends and growth opportunities across North America, Europe, the Middle East and Africa, and the Asia Pacific. Of these, North America will have the lion’s share in the market over the forecast period chiefly due to the increasing adoption of surgical instrument tracking systems, highly developed healthcare infrastructure, accessibility of advanced products, and the UDI regulations by the FDA. The US is the chief contributor in the region.

The surgical instrument tracking system market in Europe is predicted to have the second-largest share in the market over the forecast period. This is chiefly on account of growing private funds, government initiatives, the emergence of better and high-quality healthcare infrastructure, cost advantage, rising healthcare sector privatization, and rising medical tourism.

The surgical instrument tracking system market in the APAC region is predicted to grow at the fastest pace over the forecast period. Factors aiding the growth of the surgical instrument tracking system market in the region include rapidly evolving healthcare infrastructure, increasing geriatric population, healthcare industry from other regions shifting to APAC, and better health management. China, as well as India, are the leading contributors in this region.

The surgical instrument tracking system market in the MEA is predicted to have a small share in the market over the forecast period.

About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

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