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Surgical Instrument Tracking Systems Market Report by Component (Hardware, Software, Services), Technology (Barcode Tracking, Radio Frequency Identification (RFID)), End User (Hospitals, Ambulatory Surgical Centers, Research Centers, and Others), and Region 2024-2032
Market Report I 2024-07-01 I 135 Pages I IMARC Group
The global surgical instrument tracking systems market size reached US$ 242.3 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 732.1 Million by 2032, exhibiting a growth rate (CAGR) of 12.8% during 2024-2032.
Surgical instrument tracking systems are used to manage inventory at various stages of surgical procedures to meet the unique needs of healthcare professionals and improve the quality of patient care. They ensure the accessibility of necessary instruments in real-time, which further help reduce case delays, enhance operation safety, simplify complex tasks, and manage workflow efficiently. They can also create detailed load records of defective devices and provide comprehensive insights into usage patterns. As a result, surgical instrument tracking systems are utilized in hospitals, private clinics, and ambulatory surgery centers (ASCs) to minimize medical errors in operation theatres (OTs), enhance staff productivity, and collect surgical inventory data.
Surgical Instrument Tracking Systems Market Trends:
Errors in surgical instrument processing can lead to high operative time and costs and increased risk of surgical infections, perioperative morbidity, and retained surgical item (RSI) cases. This, in confluence with the rising number of individuals undergoing surgical procedures, represents one of the major factors driving the need for surgical instrument tracking systems to improve the safety of surgical care in hospitals. In addition, the growing geriatric population with chronic ailments like cardiovascular diseases (CVDs), arthritis, cancer, and obesity is catalyzing the demand for surgical instrument tracking systems to prevent infections caused by contaminated instruments. Apart from this, several medical equipment suppliers are offering comprehensive surgical instrument tracking systems incorporated with the latest scanning software for proper central sterile supply department (CSSD) management. They are also focusing on developing systems with automatic identification and data capture technologies, such as two-dimensional (2D) barcodes and radio frequency identification (RFID) tags. This, along with the growing emphasis on better patient care and inventory management, is influencing the market positively.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global surgical instrument tracking systems market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on component, technology and end user.
Breakup by Component:
Hardware
Software
Services
Breakup by Technology:
Barcode Tracking
Radio Frequency Identification (RFID)
Breakup by End User:
Hospitals
Ambulatory Surgical Centers
Research Centers
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Becton Dickinson and Company, Censis Technologies (Fortive), Fingerprint Medical Limited, Getinge AB, Scanlan International, Spatrack Medical Limited, Steelco S.p.A. (Miele), Steris, Ternio Group LLC and Xerafy Singapore Pte Ltd.
Key Questions Answered in This Report
1. What was the size of the global surgical instrument tracking systems market in 2023?
2. What is the expected growth rate of the global surgical instrument tracking systems market during 2024-2032?
3. What are the key factors driving the global surgical instrument tracking systems market?
4. What has been the impact of COVID-19 on the global surgical instrument tracking systems market?
5. What is the breakup of the global surgical instrument tracking systems market based on the component?
6. What is the breakup of the global surgical instrument tracking systems market based on the technology?
7. What is the breakup of the global surgical instrument tracking systems market based on the end user?
8. What are the key regions in the global surgical instrument tracking systems market?
9. Who are the key players/companies in the global surgical instrument tracking systems market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Surgical Instrument Tracking Systems Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Component
6.1 Hardware
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Software
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Services
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Technology
7.1 Barcode Tracking
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Radio Frequency Identification (RFID)
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by End User
8.1 Hospitals
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Ambulatory Surgical Centers
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Research Centers
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Others
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Becton Dickinson and Company
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Financials
14.3.1.4 SWOT Analysis
14.3.2 Censis Technologies (Fortive)
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.3 Fingerprint Medical Limited
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 Getinge AB
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.5 Scanlan International
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 Spatrack Medical Limited
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Steelco S.p.A. (Miele)
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Steris
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.9 Ternio Group LLC
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Xerafy Singapore Pte Ltd.
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
Figure 1: Global: Surgical Instrument Tracking Systems Market: Major Drivers and Challenges
Figure 2: Global: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018-2023
Figure 3: Global: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 4: Global: Surgical Instrument Tracking Systems Market: Breakup by Component (in %), 2023
Figure 5: Global: Surgical Instrument Tracking Systems Market: Breakup by Technology (in %), 2023
Figure 6: Global: Surgical Instrument Tracking Systems Market: Breakup by End User (in %), 2023
Figure 7: Global: Surgical Instrument Tracking Systems Market: Breakup by Region (in %), 2023
Figure 8: Global: Surgical Instrument Tracking Systems (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
Figure 9: Global: Surgical Instrument Tracking Systems (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 10: Global: Surgical Instrument Tracking Systems (Software) Market: Sales Value (in Million US$), 2018 & 2023
Figure 11: Global: Surgical Instrument Tracking Systems (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 12: Global: Surgical Instrument Tracking Systems (Services) Market: Sales Value (in Million US$), 2018 & 2023
Figure 13: Global: Surgical Instrument Tracking Systems (Services) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Surgical Instrument Tracking Systems (Barcode Tracking) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Surgical Instrument Tracking Systems (Barcode Tracking) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Surgical Instrument Tracking Systems (Radio Frequency Identification (RFID)) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Surgical Instrument Tracking Systems (Radio Frequency Identification (RFID)) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Surgical Instrument Tracking Systems (Hospitals) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Surgical Instrument Tracking Systems (Hospitals) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Surgical Instrument Tracking Systems (Ambulatory Surgical Centers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Surgical Instrument Tracking Systems (Ambulatory Surgical Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Surgical Instrument Tracking Systems (Research Centers) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Surgical Instrument Tracking Systems (Research Centers) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Surgical Instrument Tracking Systems (Other End Users) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Surgical Instrument Tracking Systems (Other End Users) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: North America: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: North America: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: United States: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: United States: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Canada: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Canada: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Asia-Pacific: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Asia-Pacific: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: China: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 35: China: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 36: Japan: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 37: Japan: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 38: India: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 39: India: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 40: South Korea: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 41: South Korea: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 42: Australia: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 43: Australia: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 44: Indonesia: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Indonesia: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Others: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Others: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Europe: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Europe: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: Germany: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: Germany: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: France: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: France: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: United Kingdom: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: United Kingdom: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Italy: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Italy: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Spain: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Spain: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 60: Russia: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 61: Russia: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 62: Others: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 63: Others: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 64: Latin America: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 65: Latin America: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 66: Brazil: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 67: Brazil: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Mexico: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 69: Mexico: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 70: Others: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 71: Others: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 72: Middle East and Africa: Surgical Instrument Tracking Systems Market: Sales Value (in Million US$), 2018 & 2023
Figure 73: Middle East and Africa: Surgical Instrument Tracking Systems Market: Breakup by Country (in %), 2023
Figure 74: Middle East and Africa: Surgical Instrument Tracking Systems Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 75: Global: Surgical Instrument Tracking Systems Industry: SWOT Analysis
Figure 76: Global: Surgical Instrument Tracking Systems Industry: Value Chain Analysis
Figure 77: Global: Surgical Instrument Tracking Systems Industry: Porter's Five Forces Analysis
Table 1: Global: Surgical Instrument Tracking Systems Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Surgical Instrument Tracking Systems Market Forecast: Breakup by Component (in Million US$), 2024-2032
Table 3: Global: Surgical Instrument Tracking Systems Market Forecast: Breakup by Technology (in Million US$), 2024-2032
Table 4: Global: Surgical Instrument Tracking Systems Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 5: Global: Surgical Instrument Tracking Systems Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 6: Global: Surgical Instrument Tracking Systems Market: Competitive Structure
Table 7: Global: Surgical Instrument Tracking Systems Market: Key Players
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