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Report
Surgical Instrument Tracking Systems Market Forecast till 2027
Market Report I 2023-05-03 I 110 Pages I Market Research Future
Surgical Instrument Tracking Systems Market Forecast till 2027
Market Overview
The surgical instrument tracking systems market is experiencing significant growth due to several factors. One of the key drivers is the growing demand for automated tracking of critical equipment, particularly surgical instruments, to comply with the Unique Device Identification (UDI) program of the U.S. Food & Drug Administration (FDA). Furthermore, these systems ensure that the appropriate tools are available for each surgical procedure, ultimately improving patient outcomes. In addition, the increasing number of surgical procedures resulting from sports injuries, accidents, and cardiac surgeries, largely due to the increased prevalence of cardiovascular diseases and other chronic disorders, is also contributing to market growth.
Manufacturers are required to track surgical instruments from production to distribution to comply with regulations. Tracking systems ensure that instrument manufacturers set up tracking systems that allow them to locate devices quickly in commercial distribution. The surgical tool tracking systems market is expected to expand due to the proposed UDI requirements of the US FDA. To comply with UDI standards, manufacturers, resource and specification developers, re-packagers, and relabelers of surgical instruments must apply direct marking at the individual instrument level. Surgical equipment classified as Class I devices were expected to adhere to these FDA regulations by September 24, 2020. However, this deadline was changed to September 24, 2022. Additionally, labelers must report data to the FDA's Unique Device Identification Database (GUDID) for each device. This database serves as a reference catalog for all devices and contributes to the revenue growth of the surgical instrument monitoring systems market.
Segment Overview
The market for surgical instrument tracking systems is categorized into three components: hardware, software, and services. In 2022, the hardware segment held the largest share in the market, contributing significantly to the market revenue. Hardware advancements, such as the use of RFID chips and barcode tags, have greatly impacted the adoption of these systems for surgical instrument management and inventory management. For example, Harvard University's Wyss Institute has developed a method for embedding RFID chips onto metal surgical equipment using a vapor deposition process and a biocompatible sealant.
The market for surgical instrument tracking systems is also segmented by system type, which includes barcode tracking and radio frequency identification. In 2022, the barcode tracking segment dominated the market, while radio frequency identification is expected to experience faster growth during the forecast period of 2022 to 2027. Barcode tracking technology is currently the most widely used tracking method, and its growth in the medical device sector is a significant factor in the high revenue share of this technology. The use of 2D barcodes, such as data matrices and QR codes, is also increasing due to their cost-effectiveness, durability, and 360 readability.
Regional Analysis
The European market for surgical instrument tracking systems holds the second position in terms of market share, mainly driven by increased investment in healthcare, rising investments in surgical instrument products, and advancements in technology. Within Europe, Germany dominates the surgical instrument tracking systems market in terms of market share, while the UK market is witnessing the fastest growth.
Major Players
Key Players in the market are Steris PLC (Ireland), Becton, Getinge AB (Sweden), Fortive Corporation (US), Dickinson and Company (US), B. Braun Melsungen AG (Germany), Stanley Black & Decker Inc. (US), and Material Management Microsystems (US).
COVID 19 Impacts
The COVID-19 pandemic has significantly impacted the global surgical instrument tracking systems market. With the outbreak of the pandemic, hospitals and healthcare providers across the world have been forced to adopt stringent safety protocols, including the implementation of effective infection control measures. This has led to an increased demand for surgical instrument tracking systems, as they play a crucial role in ensuring the safety and efficacy of surgical procedures.
One of the key factors driving the growth of the surgical instrument tracking systems market is the increasing focus on patient safety and surgical instrument management. Surgical instrument tracking systems provide real-time information on the location and status of instruments, enabling healthcare providers to ensure that they are properly sterilized and ready for use in surgical procedures. This helps to reduce the risk of surgical site infections and other adverse events, thereby improving patient safety and outcomes.
Another factor driving the growth of the market is the increasing adoption of automation and digitalization in the healthcare sector. Surgical instrument tracking systems are increasingly being integrated with electronic health record (EHR) systems, enabling healthcare providers to track the entire lifecycle of surgical instruments, from procurement to disposal. This helps to improve operational efficiency and reduce costs, while also improving patient outcomes.
However, the market growth has been hindered by the disruptions caused by the pandemic, such as supply chain disruptions and the postponement of elective surgeries. Many hospitals and healthcare providers have been forced to delay their investments in surgical instrument tracking systems due to budgetary constraints caused by the pandemic. Additionally, the high cost of these systems is a significant barrier to adoption, particularly in developing countries.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
1.1 OVERVIEW 14
1.1.1 MARKET SYNOPSIS 14
2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 15
2.2 RESEARCH OBJECTIVE 15
2.3 LIST OF ASSUMPTIONS 16
3 RESEARCH METHODOLOGY
3.1.1 OVERVIEW 17
3.2 DATA MINING 17
3.3 SECONDARY RESEARCH 18
3.4 PRIMARY RESEARCH 19
3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 19
3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS 20
3.5 FORECASTING TECHNIQUES 20
3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 21
3.6.1 BOTTOM-UP APPROACH 22
3.6.2 TOP-DOWN APPROACH 22
3.7 DATA TRIANGULATION 23
3.8 VALIDATION 23
4 MARKET DYNAMICS
4.1 OVERVIEW 24
4.2 DRIVERS 25
4.2.1 HIGH RATE OF ADOPTION OF THE SURGICAL INSTRUMENT TRACKING SYSTEMS BY HOSPITALS 25
4.2.2 TECHNOLOGICAL ADVANCEMENTS IN SURGICAL INSTRUMENT TRACKING SYSTEM 25
4.2.3 GROWING NUMBER OF SURGICAL PROCEDURES 25
4.3 RESTRAINTS 26
4.3.1 HIGH COST ASSOCIATED WITH IMPLEMENTATION OF SURGICAL INSTRUMENT TRACKING SYSTEM 26
4.4 OPPORTUNITIES 27
4.4.1 ENTERING DEVELOPING MARKETS 27
5 MARKET FACTOR ANALYSIS
5.1 PORTER'S FIVE FORCES MODEL 28
5.1.1 THREAT OF NEW ENTRANTS 29
5.1.2 BARGAINING POWER OF SUPPLIERS 29
5.1.3 THREAT OF SUBSTITUTES 29
5.1.4 BARGAINING POWER OF BUYERS 29
5.1.5 INTENSITY OF RIVALRY 29
5.2 VALUE CHAIN ANALYSIS 30
5.2.1 INPUTS 30
5.2.2 SOFTWARE DEVELOPMENT PROCESSES 30
5.2.3 OUTPUT 31
5.2.4 MARKETING AND DISTRIBUTION 31
5.2.5 POST SELLING SERVICES 31
5.3 COVID-19 IMPACT ANALYSIS 31
5.3.1 IMPACT ON DEMAND 31
5.3.2 IMPACT ON SUPPLY 31
5.3.3 IMPACT ON MARKET PLAYER 32
6 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT
6.1 OVERVIEW 33
6.2 HARDWARE 34
6.3 SOFTWARE 35
6.4 SERVICES 35
7 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY
7.1 OVERVIEW 36
7.2 BARCODE 37
7.3 RFID 37
8 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE
8.1 OVERVIEW 38
8.2 HOSPITALS 39
8.3 OTHERS 39
9 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION
9.1 OVERVIEW 40
9.2 AMERICAS 41
9.2.1 NORTH AMERICA 43
9.2.1.1 US 46
9.2.1.2 CANADA 47
9.2.2 LATIN AMERICA 48
9.3 EUROPE 50
9.3.1 WESTERN EUROPE 52
9.3.1.1 GERMANY 55
9.3.1.2 FRANCE 56
9.3.1.3 UK 58
9.3.1.4 ITALY 59
9.3.1.5 SPAIN 60
9.3.1.6 REST OF WESTERN EUROPE 62
9.3.2 EASTERN EUROPE 63
9.4 ASIA-PACIFIC 65
9.4.1 JAPAN 67
9.4.2 CHINA 69
9.4.3 INDIA 70
9.4.4 AUSTRALIA 71
9.4.5 SOUTH KOREA 73
9.4.6 REST OF ASIA-PACIFIC 74
9.5 MIDDLE EAST & AFRICA 76
9.5.1 MIDDLE EAST 78
9.5.2 AFRICA 80
10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW 82
10.2 MAJOR PLAYERS IN THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 82
10.3 COMPETITIVE BENCHMARKING 83
10.4 COMPETITOR DASHBOARD 84
10.5 MAJOR GROWTH STRATEGIES IN THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 85
10.6 KEY DEVELOPMENTS & GROWTH STRATEGIES 85
10.6.1 ACQUISITION 85
10.6.2 EXPANSION 85
11 COMPANY PROFILES
11.1 GETINGE AB 86
11.1.1 COMPANY OVERVIEW 86
11.1.2 FINANCIAL OVERVIEW 87
11.1.3 PRODUCTS/SERVICES OFFERED 87
11.1.4 KEY DEVELOPMENTS 88
11.1.5 SWOT ANALYSIS 88
11.1.6 KEY STRATEGIES 88
11.2 BECTON, DICKINSON AND COMPANY 89
11.2.1 COMPANY OVERVIEW 89
11.2.2 FINANCIAL OVERVIEW 89
11.2.3 PRODUCTS/SERVICES OFFERED 90
11.2.4 KEY DEVELOPMENTS 90
11.2.5 SWOT ANALYSIS 90
11.2.6 KEY STRATEGIES 90
11.3 FORTIVE CORPORATION 91
11.3.1 COMPANY OVERVIEW 91
11.3.2 FINANCIAL OVERVIEW 92
11.3.3 PRODUCTS/SERVICES OFFERED 92
11.3.4 KEY DEVELOPMENTS 93
11.3.5 SWOT ANALYSIS 93
11.3.6 KEY STRATEGIES 93
11.4 B. BRAUN MELSUNGEN AG 94
11.4.1 COMPANY OVERVIEW 94
11.4.2 FINANCIAL OVERVIEW 94
11.4.3 PRODUCTS/SERVICES OFFERED 95
11.4.4 KEY DEVELOPMENTS 95
11.4.5 SWOT ANALYSIS 95
11.4.6 KEY STRATEGIES 96
11.5 STERIS PLC 97
11.5.1 COMPANY OVERVIEW 97
11.5.2 FINANCIAL OVERVIEW 97
11.5.3 PRODUCTS/SERVICES OFFERED 98
11.5.4 KEY DEVELOPMENTS 98
11.5.5 SWOT ANALYSIS 98
11.5.6 KEY STRATEGIES 98
11.6 STANLEY BLACK & DECKER, INC. (STANLEY HEALTHCARE) 99
11.6.1 COMPANY OVERVIEW 99
11.6.2 FINANCIAL OVERVIEW 99
11.6.3 PRODUCTS/SERVICES OFFERED 100
11.6.4 KEY DEVELOPMENTS 100
11.6.5 SWOT ANALYSIS 100
11.6.6 KEY STRATEGIES 100
11.7 MATERIAL MANAGEMENT MICROSYSTEMS 101
11.7.1 COMPANY OVERVIEW 101
11.7.2 FINANCIAL OVERVIEW 101
11.7.3 PRODUCTS/SERVICES OFFERED 101
11.7.4 KEY DEVELOPMENTS 101
11.7.5 SWOT ANALYSIS 102
11.7.6 KEY STRATEGIES 102
11.8 KEY SURGICAL 103
11.8.1 COMPANY OVERVIEW 103
11.8.2 FINANCIAL OVERVIEW 103
11.8.3 PRODUCTS/SERVICES OFFERED 103
11.8.4 KEY DEVELOPMENTS 103
11.8.5 SWOT ANALYSIS 104
11.8.6 KEY STRATEGIES 104
11.9 HALDOR ADVANCED TECHNOLOGIES 105
11.9.1 COMPANY OVERVIEW 105
11.9.2 FINANCIAL OVERVIEW 105
11.9.3 PRODUCTS/SERVICES OFFERED 105
11.9.4 KEY DEVELOPMENTS 105
11.9.5 SWOT ANALYSIS 106
11.9.6 KEY STRATEGIES 106
11.10 TGX MEDICAL SYSTEMS 107
11.10.1 COMPANY OVERVIEW 107
11.10.2 FINANCIAL OVERVIEW 107
11.10.3 PRODUCTS/SERVICES OFFERED 107
11.10.4 KEY DEVELOPMENTS 107
11.10.5 SWOT ANALYSIS 108
11.10.6 KEY STRATEGIES 108
12 APPENDIX
12.1 REFERENCES 109
12.2 RELATED REPORTS 109
LIST OF TABLES
TABLE 1 LIST OF ASSUMPTIONS 16
TABLE 2 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 33
TABLE 3 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY REGION, 2018-2027 (USD MILLION) 34
TABLE 4 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 34
TABLE 5 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR SOFTWARE, BY REGION, 2018-2027 (USD MILLION) 35
TABLE 6 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR SERVICES, BY REGION, 2018-2027 (USD MILLION) 35
TABLE 7 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 36
TABLE 8 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR BARCODE, BY REGION, 2018-2027 (USD MILLION) 37
TABLE 9 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR RFID, BY REGION, 2018-2027 (USD MILLION) 37
TABLE 10 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 38
TABLE 11 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HOSPITALS, BY REGION, 2018-2027 (USD MILLION) 39
TABLE 12 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 40
TABLE 13 AMERICAS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 42
TABLE 14 AMERICAS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 42
TABLE 15 AMERICAS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 42
TABLE 16 AMERICAS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 43
TABLE 17 AMERICAS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 43
TABLE 18 NORTH AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COUNTRY, 2018-2027 (USD MILLION) 44
TABLE 19 NORTH AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 44
TABLE 20 NORTH AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 45
TABLE 21 NORTH AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 45
TABLE 22 NORTH AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 45
TABLE 23 US: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 46
TABLE 24 US: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 46
TABLE 25 US: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 46
TABLE 26 US: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 47
TABLE 27 CANADA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 47
TABLE 28 CANADA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 47
TABLE 29 CANADA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 48
TABLE 30 CANADA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 48
TABLE 31 LATIN AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 48
TABLE 32 LATIN AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 49
TABLE 33 LATIN AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 49
TABLE 34 LATIN AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 49
TABLE 35 EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 51
TABLE 36 EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 51
TABLE 37 EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 51
TABLE 38 EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 52
TABLE 39 EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 52
TABLE 40 WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COUNTRY, 2018-2027 (USD MILLION) 53
TABLE 41 WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 54
TABLE 42 WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027
(USD MILLION) 54
TABLE 43 WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 54
TABLE 44 WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 55
TABLE 45 GERMANY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 55
TABLE 46 GERMANY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 55
TABLE 47 GERMANY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 56
TABLE 48 GERMANY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 56
TABLE 49 FRANCE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 56
TABLE 50 FRANCE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 57
TABLE 51 FRANCE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 57
TABLE 52 FRANCE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 57
TABLE 53 UK: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 58
TABLE 54 UK: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 58
TABLE 55 UK: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 58
TABLE 56 UK: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 59
TABLE 57 ITALY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 59
TABLE 58 ITALY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 59
TABLE 59 ITALY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 60
TABLE 60 ITALY: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 60
TABLE 61 SPAIN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 60
TABLE 62 SPAIN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 61
TABLE 63 SPAIN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 61
TABLE 64 SPAIN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 61
TABLE 65 REST OF WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027
(USD MILLION) 62
TABLE 66 REST OF WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027
(USD MILLION) 62
TABLE 67 REST OF WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 62
TABLE 68 REST OF WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 63
TABLE 69 EASTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 63
TABLE 70 EASTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027
(USD MILLION) 63
TABLE 71 EASTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 64
TABLE 72 EASTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 64
TABLE 73 ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COUNTRY, 2018-2027 (USD MILLION) 66
TABLE 74 ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 66
TABLE 75 ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 66
TABLE 76 ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 67
TABLE 77 ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 67
TABLE 78 JAPAN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 67
TABLE 79 JAPAN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 68
TABLE 80 JAPAN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 68
TABLE 81 JAPAN: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 68
TABLE 82 CHINA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 69
TABLE 83 CHINA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 69
TABLE 84 CHINA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 69
TABLE 85 CHINA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 70
TABLE 86 INDIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 70
TABLE 87 INDIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 70
TABLE 88 INDIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 71
TABLE 89 INDIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 71
TABLE 90 AUSTRALIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 71
TABLE 91 AUSTRALIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 72
TABLE 92 AUSTRALIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 72
TABLE 93 AUSTRALIA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 72
TABLE 94 SOUTH KOREA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 73
TABLE 95 SOUTH KOREA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 73
TABLE 96 SOUTH KOREA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 73
TABLE 97 SOUTH KOREA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 74
TABLE 98 REST OF ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 74
TABLE 99 REST OF ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027
(USD MILLION) 74
TABLE 100 REST OF ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 75
TABLE 101 REST OF ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 75
TABLE 102 MIDDLE EAST & AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 77
TABLE 103 MIDDLE EAST & AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 77
TABLE 104 MIDDLE EAST & AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027
(USD MILLION) 77
TABLE 105 MIDDLE EAST & AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 78
TABLE 106 MIDDLE EAST & AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 78
TABLE 107 MIDDLE EAST: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 78
TABLE 108 MIDDLE EAST: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 79
TABLE 109 MIDDLE EAST: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 79
TABLE 110 MIDDLE EAST: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 79
TABLE 111 AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 80
TABLE 112 AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET FOR HARDWARE, BY TYPE, 2018-2027 (USD MILLION) 80
TABLE 113 AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 80
TABLE 114 AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 81
TABLE 115 MAJOR PLAYERS IN THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 82
TABLE 116 COMPETITOR DASHBOARD: GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 84
TABLE 117 ACQUISITION 85
TABLE 118 EXPANSION 85
TABLE 119 GETINGE AB: PRODUCTS/SERVICES OFFERED 87
TABLE 120 BECTON, DICKINSON AND COMPANY: PRODUCTS/SERVICES OFFERED 90
TABLE 121 FORTIVE CORPORATION: PRODUCTS/SERVICES OFFERED 92
TABLE 122 FORTIVE CORPORATION: KEY DEVELOPMENTS 93
TABLE 123 B. BRAUN MELSUNGEN AG: PRODUCTS/SERVICES OFFERED 95
TABLE 124 B. BRAUN MELSUNGEN AG: KEY DEVELOPMENTS 95
TABLE 125 STERIS PLC: PRODUCTS/SERVICES OFFERED 98
TABLE 126 STANLEY BLACK & DECKER, INC.: PRODUCTS/SERVICES OFFERED 100
TABLE 127 STANLEY BLACK & DECKER, INC.: PRODUCTS/SERVICES OFFERED 101
TABLE 128 KEY SURGICAL: PRODUCTS/SERVICES OFFERED 103
TABLE 129 HALDOR ADVANCED TECHNOLOGIES: PRODUCTS/SERVICES OFFERED 105
TABLE 130 TGX MEDICAL SYSTEMS: PRODUCTS/SERVICES OFFERED 107
LIST OF FIGURES
FIGURE 1 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET STRUCTURE 16
FIGURE 2 BOTTOM-UP AND TOP-DOWN APPROACHES 22
FIGURE 3 MARKET DYNAMICS: ANALYSIS OF THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 24
FIGURE 4 DRIVER IMPACT ANALYSIS 26
FIGURE 5 RESTRAINT IMPACT ANALYSIS 27
FIGURE 6 PORTER'S FIVE FORCES ANALYSIS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET 28
FIGURE 7 VALUE CHAIN ANALYSIS OF THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET 30
FIGURE 8 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2018-2027 (USD MILLION) 33
FIGURE 9 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2018-2027 (USD MILLION) 36
FIGURE 10 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE, 2018-2027 (USD MILLION) 38
FIGURE 11 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 40
FIGURE 12 AMERICAS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET SHARE, BY REGION, 2020 (%) 41
FIGURE 13 AMERICAS: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 41
FIGURE 14 NORTH AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (%) 43
FIGURE 15 NORTH AMERICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COUNTRY, 2018-2027 (USD MILLION) 44
FIGURE 16 EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET SHARE, BY REGION, 2020 (%) 50
FIGURE 17 EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 50
FIGURE 18 WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (%) 52
FIGURE 19 WESTERN EUROPE: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COUNTRY, 2018-2027 (USD MILLION) 53
FIGURE 20 ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET SHARE, BY COUNTRY, 2020 (%) 65
FIGURE 21 ASIA-PACIFIC: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COUNTRY, 2018-2027 (USD MILLION) 65
FIGURE 22 MIDDLE EAST & AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET SHARE, BY REGION, 2020 (%) 76
FIGURE 23 MIDDLE EAST & AFRICA: SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2018-2027 (USD MILLION) 76
FIGURE 24 BENCHMARKING OF MAJOR COMPETITORS 83
FIGURE 25 MAJOR STRATEGIES ADOPTED BY KEY PLAYERS IN THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 85
FIGURE 26 GETINGE AB: FINANCIAL OVERVIEW SNAPSHOT 87
FIGURE 27 GETINGE AB: SWOT ANALYSIS 88
FIGURE 28 BECTON, DICKINSON AND COMPANY: FINANCIAL OVERVIEW SNAPSHOT 89
FIGURE 29 BECTON, DICKINSON AND COMPANY: SWOT ANALYSIS 90
FIGURE 30 FORTIVE CORPORATION: FINANCIAL OVERVIEW SNAPSHOT 92
FIGURE 31 FORTIVE CORPORATION: SWOT ANALYSIS 93
FIGURE 32 B. BRAUN MELSUNGEN AG: FINANCIAL OVERVIEW SNAPSHOT 94
FIGURE 33 B. BRAUN MELSUNGEN AG: SWOT ANALYSIS 95
FIGURE 34 STERIS PLC: FINANCIAL OVERVIEW SNAPSHOT 97
FIGURE 35 STERIS PLC: SWOT ANALYSIS 98
FIGURE 36 STANLEY BLACK & DECKER, INC.: FINANCIAL OVERVIEW SNAPSHOT 99
FIGURE 37 STANLEY BLACK & DECKER, INC.: SWOT ANALYSIS 100
FIGURE 38 MATERIAL MANAGEMENT MICROSYSTEMS: SWOT ANALYSIS 102
FIGURE 39 KEY SURGICAL: SWOT ANALYSIS 104
FIGURE 40 HALDOR ADVANCED TECHNOLOGIES: SWOT ANALYSIS 106
FIGURE 41 TGX MEDICAL SYSTEMS: SWOT ANALYSIS 108
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