Surgical instrument tracking system helps healthcare providers worldwide gain access to surgical equipment or instruments and leads to reliable and time-saving procedures. The system also helps enhance tool governance to decrease the need for instant steam sterilization. Thus, with the rising number of surgical procedures across the globe, the use or demand for surgical instrument tracking system is also increasing rapidly; driving the market growth.

Market Dynamics:

Increasing prevalence of cardiovascular disorders and other chronic disorders, growing number of surgical procedures, lack of skilled or trained healthcare professionals, and increasing demand for surgical instrument tracking devices/systems are major factors expected to augment the growth of the global surgical instrument tracking market over the forecast period.

For instance, according to the Centers for Disease Control and Prevention (CDC), cardiovascular diseases are the leading cause of death in the U.S. Moreover, according to the International Society of Aesthetic Plastic Surgery (2022 report), around 10,129,528 cosmetic surgeries were performed in 2020, and the top 5 surgical procedures included breast augmentation (1,624,281), liposuction (1,525,197), eyelid surgery (1,225,540), abdominoplasty (765,248), and rhinoplasty (852,554).

Key features of the study:

• This report provides in-depth analysis of the global surgical instrument tracking market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global surgical instrument tracking market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Keir Surgical Ltd., Case Medical, Scanlan International, Inc., Koch Industries, Getinge Group, B. Braun (Aesculap, Inc.), Xerafy, Mobile Aspects, Key Surgical, Inc., Spatrack Medical Limited, Fortive Corporation Group, Haldor Advanced Technologies, Tgx Medical Systems, Becton, Dickinson and Company, Intechnology Distribution Pty Ltd., Nutrace,  Steris Insturment Management Services, Material Management Microsystems, Asanus Medizintechnik GmbH Inc., and Stanley Healthcare (Division of Stanley Black & Decker), among others.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global surgical instrument tracking market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global surgical instrument tracking market.

Detailed Segmentation:

• Global Surgical Instrument Tracking Market, By Technology:
  • Barcode
  • Radiofrequency Identification (RFID)
• Global Surgical Instrument Tracking Market, By Component:
  • Software
  • Hardware
  • Readers
  • Tags
  • Other Hardware
  • Services
• Global Surgical Instrument Tracking Market, By End User:
  • Public Hospitals
  • Private Hospitals
  • Other End Users
• Global Surgical Instrument Tracking Market, By Geography:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa
• Company Profiles:
  • Keir Surgical Ltd.
  • Case Medical
  • Scanlan International, Inc.
  • Koch Industries
  • Getinge Group
  • Braun (Aesculap, Inc.)
  • Xerafy
  • Mobile Aspects
  • Key Surgical, Inc.
  • Spatrack Medical Limited
  • Fortive Corporation Group
  • Haldor Advanced Technologies
  • Tgx Medical Systems
  • Becton, Dickinson and Company
  • Intechnology Distribution Pty Ltd.
  • Nutrace
  • Steris Insturment Management Services
  • Material Management Microsystems
  • Asanus Medizintechnik GmbH Inc.
  • Stanley Healthcare (Division of Stanley Black & Decker)