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North America Surgical Instrument Tracking Systems Market – Industry Trends and Forecast to 2028

Healthcare

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North America Surgical Instrument Tracking Systems Market – Industry Trends and Forecast to 2028

  • Healthcare
  • Published Report
  • May 2021
  • North America
  • 350 Pages
  • No of Tables: 53
  • No of Figures: 40

North America Surgical Instrument Tracking Systems Market, By Type (Pro Sites, Multi Sites), Component (Hardware, Software, Services), Technology (Barcode Tracking, Radio Frequency Identification (RFID), Electronic Tracking, Others), End User (Hospitals, Ambulatory Surgical Centers, Research Centers, Clinics, Others), Distribution Channel (Direct Tender, Third Party Distributor), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028

North America Surgical Instrument Tracking Systems MarketMarket Analysis and Insights : North America Surgical Instrument Tracking Systems Market

North America surgical instrument tracking systems market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 13.3% in the forecast period of 2021 to 2028 and is expected to reach USD 490.02 million by 2028. High usability of RFID technology and rising adoption of healthcare IT in hospitals are the major drivers which propelled the demand of the market in the forecast period.

Establishment of unique device identification (UDI) system by FDA and increasing cross-contamination and infections due to the surgical instruments are the major drivers which propelled the demand of the market in the forecast period.

Surgical instrument tracking systems is the system that combines scanning technology and application software. It's a useful system for assisting healthcare professionals in gaining access to time-saving instruments and resulting in safe and efficient processes. The surgical instrument tracking systems aids in providing insight into the organization's processes in order to increase employee effectiveness. The system aids in the improvement of resource and tool governance, reducing the need for instant steam sterilization. These tracking instruments make the task of the personnel who are involved in the surgical instruments as well as the healthcare providers because their main motive is to enhance the quality of the patient’s life without any complications that can occur during the surgeries.

The demand for the surgical instrument tracking systems market has been increased in both developed as well as in developing countries and the reason behind this is an increasing cross-contamination and infections due to the surgical instruments. The surgical instrument tracking systems market is growing due to the high usability of RFID technology. The surgical instrument tracking systems market will grow in the forecasted period with the increasing number of surgical process worldwide.

High cost of full-fledged tracking system is expected to restraint the surgical instrument tracking systems market growth.

The surgical instrument tracking systems market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an analyst brief, our team will help you create a revenue impact solution to achieve your desired goal.

North America Surgical Instrument Tracking Systems MarketEurope Surgical Instrument Tracking Systems Market Scope and Market Size

Surgical instrument tracking systems market is segmented on the based on the basis of type, component, technology, end user and distribution channel. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

  • On the basis of type, the surgical instrument tracking systems market is segmented into pro sites, and multi sites. In 2021, multi sites segment is expected to dominate the surgical instrument tracking systems market due to the multi-site tracking systems which cover major area of the hospitals and delivering all articles on time while reducing costs and increasing patient safety.
  • On the basis of component, the surgical instrument tracking systems market is segmented into hardware, software and services. Hardware is further segmented into readers, tags and others. In 2021, software segment is expected to dominate the surgical instrument tracking systems market due to continuous technological advancement for inventory as well as surgical instrument management. Software are costly but it’s a onetime investment for long term use.
  • On the basis of technology, the surgical instrument tracking systems market is segmented into barcode tracking, radio frequency identification (RFID), electronic tracking and others. In 2021, radio frequency identification (RFID) segment is expected to dominate the surgical instrument tracking systems market because it offers a larger memory and greater detection range. Moreover, the RFID technology can detect very small surgical instrument which are more expensive.
  • On the basis of end user, the surgical instrument tracking systems market is segmented into hospitals, ambulatory surgical centers, research centers, clinics and others. In 2021, hospitals segment is expected to dominate the surgical instrument tracking systems market because hospitals have higher in and out patient flow and hospitals are more equipped which required continuous tracking for the instrument. Moreover, hospitals have higher adoption rate for the surgical tracking instrument during work cycle including surgery, post-surgery, storage and sterilization procedures.
  • On the basis of distribution channel, the surgical instrument tracking systems market is segmented into direct tender and third party distributor. In 2021, direct tender segment is expected to dominate the surgical instrument tracking systems market as because software are installed on big level in hospitals which required cost effective scheme.

Surgical Instrument Tracking Systems Market Country Level Analysis

The surgical instrument tracking systems market is analyzed and market size information is provided by the basis of type, component, technology, end-user and distribution channel.

The countries covered in the surgical instrument tracking systems market report are the U.S., Canada, Mexico.

Multi-site segment in North American region is expected to grow with the highest growth rate in the forecast period of 2021 to 2028 because of increasing adoption of surgical instrument tacking technology by healthcare industries. The U.S. is leading the growth of the North America market and multi-site segment is dominating in this country due to rising government initiatives that every surgical instrument should be track and trace for the patient safety and work quality in operating room.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.

Establishment of Unique Device Identification (UDI) System by FDA and Increasing Cross-Contamination and Infections Due To the Surgical Instruments are Boosting the Market Growth of Surgical Instrument Tracking Systems

Surgical instrument tracking systems market also provides you with detailed market analysis for every country growth in surgical instrument tracking systems industry with surgical instrument tracking systems drugs sales, impact of advancement in the surgical instrument tracking systems technology and changes in regulatory scenarios with their support for the surgical instrument tracking systems market. The data is available for historic period 2010 to 2019.

Competitive Landscape and Surgical Instrument Tracking Systems Market Share Analysis

Surgical instrument tracking systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the company’s focus related to surgical instrument tracking systems market.

The major companies which are dealing in the surgical instrument tracking systems are Censis Technologies, Inc. (A Subsidiary of Fortive), BD, Key Surgical (A Subsidiary of STERIS), TGX Medical Systems, Haldor Advanced Technologies, Infor, MOBILE ASPECTS, STANLEY Healthcare, Microsystems, Scanlan International, Getinge AB, STERIS, B. Braun Melsungen AG, ASANUS Medizintechnik GmbH, CASE MEDICAL, Steelco S.p.A., and Vizinex RFID among other global or domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Many product launch and agreement are also initiated by the companies worldwide which are also accelerating the surgical instrument tracking systems market.

For instance,

  • In February 2020, Infor had acquired Intelligent InSites Inc. a company focused on the development and manufacturing of healthcare services and software for locating or tracking the clinical equipment among others. Through this acquisition the company has expanded it suite of technology for healthcare facilities and enhanced its value among the current and future healthcare customers.

Collaboration, product launch, business expansion, award and recognition, joint ventures and other strategies by the market player is enhancing the company market in the surgical instrument tracking systems market which also provides the benefit for organization to improve their offering for surgical instrument tracking systems.


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LIST OF TABLES

TABLE 1 MARKET PLAYERS OF SURGICAL INSTRUMENT TRACKING SYSTEMS

TABLE 2 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 3 NORTH AMERICA MULTI SITE IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 4 NORTH AMERICA PRO SITE IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 5 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2019-2028 (USD MILLION)

TABLE 6 NORTH AMERICA SOFTWARE IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2017-2028 (USD MILLION)

TABLE 7 NORTH AMERICA HARDWARE IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2017-2028 (USD MILLION)

TABLE 8 NORTH AMERICA HARDWARE IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT, 2019-2028 (USD MILLION)

TABLE 9 NORTH AMERICA SERVICES IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2017-2028 (USD MILLION)

TABLE 10 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 11 NORTH AMERICA RADIO FREQUENCY IDENTIFICATION (RFID) IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 12 NORTH AMERICA BARCODE TRACKING IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 13 NORTH AMERICA ELECTRONIC TRACKING IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 14 NORTH AMERICA OTHERS IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 15 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 16 NORTH AMERICA HOSPITALS IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 17 NORTH AMERICA HOSPITALS IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 18 NORTH AMERICA AMBULATORY SURGICAL CENTERS IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 19 NORTH AMERICA CLINICS IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 20 NORTH AMERICA RESEARCH CENTERS IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 21 NORTH AMERICA OTHERS IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 22 NORTH AMERICA DISTRIBUTION CHANNEL IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2017-2028 (USD MILLION)

TABLE 23 NORTH AMERICA DIRECT TENDER IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2017-2028 (USD MILLION)

TABLE 24 NORTH AMERICA HARDWARE IN SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION, 2017-2028 (USD MILLION)

TABLE 25 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY REGION, 2019-2028 (USD MILLION)

TABLE 26 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 27 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENT 2019-2028 (USD MILLION)

TABLE 28 NORTH AMERICA HARDWARE IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENET, 2019-2028 (USD MILLION)

TABLE 29 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 30 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 31 NORTH AMERICA HOSPITALS IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 32 NORTH AMERICA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019-2028 (USD MILLION)

TABLE 33 U.S. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 34 U.S. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENT 2019-2028 (USD MILLION)

TABLE 35 U.S. HARDWARE IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENET, 2019-2028 (USD MILLION)

TABLE 36 U.S. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 37 U.S. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 38 U.S. HOSPITALS IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 39 U.S. SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019-2028 (USD MILLION)

TABLE 40 CANADA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 41 CANADA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENT 2019-2028 (USD MILLION)

TABLE 42 CANADA HARDWARE IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENET, 2019-2028 (USD MILLION)

TABLE 43 CANADA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 44 CANADA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 45 CANADA HOSPITALS IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 46 CANADA SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019-2028 (USD MILLION)

TABLE 47 MEXICO SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TYPE, 2019-2028 (USD MILLION)

TABLE 48 MEXICO SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENT 2019-2028 (USD MILLION)

TABLE 49 MEXICO HARDWARE IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY COMPONENET, 2019-2028 (USD MILLION)

TABLE 50 MEXICO SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY TECHNOLOGY, 2019-2028 (USD MILLION)

TABLE 51 MEXICO SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 52 MEXICO HOSPITALS IN SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY END USER, 2019-2028 (USD MILLION)

TABLE 53 MEXICO SURGICAL INSTRUMENT TRACKING SYSTEM MARKET, BY DISTRIBUTION CHANNEL, 2019-2028 (USD MILLION)

 

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FREQUENTLY ASK QUESTIONS

The North America Surgical Instrument Tracking Systems Market is projected to grow at a CAGR of 13.3% during the forecast period by 2028.
The future market value of the North America Surgical Instrument Tracking Systems Market is expected to reach USD 490.02 million by 2028.
The major players in the North America Surgical Instrument Tracking Systems Market are Censis Technologies, Inc. (A Subsidiary of Fortive), BD, Key Surgical (A Subsidiary of STERIS), TGX Medical Systems, Haldor Advanced Technologies, Infor, MOBILE ASPECTS, etc.
The countries covered in the North America Surgical Instrument Tracking Systems Market are U.S., Canada, Mexico.
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