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Surgical Instrument Tracking Systems Market, By Product (Hardware, Software, and Services), By Technology (Barcodes and RFID), By End-Use (Hospital Settings and Others) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated
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Published by AnalystView: 01 Jul 2020 | 270578 | In Stock
Related Topics: COVID , Services , Software

Introduction

REPORT HIGHLIGHT

The surgical instrument tracking systems market is estimated to represent a global market of USD 130.6 million by 2019 with growth rate of 19.7%.

Market Dynamics

Surgical instrument tracking systems are primarily used to track usage, and location of medical equipment in order to improve patient safety and to manage apparatus inventory. The key factor helping to catalyse the growth of this market is the continuous increase in incidences of the retained surgical instrument. The demand for medical instruments is increasing in various surgical interventions. Thus, in such cases the chances of misplacing these instruments increase in the operating room. Some of the common instruments that are left in a patient’s body during surgery include sponges, knife blades, needles, scalpels, and safety pins. All such facts are driving the demand for surgical instrument tracking systems, thus, bolstering the overall market growth.

In addition, advancement in technologies, rising need for medical equipment inventory management, and increasing number of medical procedures support the market growth significantly. High cost for tracking systems is considered to be a major roadblock to the growth of the global market. Hardware and software used for surgical instrument tracking & tracing systems are expensive and its licensing, maintenance, and support incur additional cost. Thus, budget constraints of many healthcare facilities are anticipated to impede industry growth to some extent.

Product Takeaway

The market is studied in terms of products, technologies and end-user application. Product segment is categorized as hardware, software, and services. Software occupies the largest share owing to the technological advancements in the field of inventory management. Depending upon technology, the industry is categorized into Barcodes and RFID. Among which, barcodes dominates the overall market due to its user-friendliness and low installation cost.

COVID-19 Impact & Recovery Analysis

The proposed report, surgical instrument tracking systems market from AnalystView Market Insights suggests three possible forecast scenarios (probable, optimistic, and pessimistic) considering the COVID-19 impact. Our ongoing research analysis amplifies our framework to ensure the inclusion of underlying COVID-19 crisis impact and potential paths forward. The designed report is delivering detailed insights on COVID-19 considering the changes in consumer demand, purchasing patterns, re-routing of the supply chain, and the significant interventions of governments. The updated study provides insights, and forecast, considering the COVID-19 impact on the market.

Regional Takeaway

Geographically, North America is dominant in the global industry. The degree of competition in this industry has intensified in regions such as North America in past few years due to the rising research and development activities in this field. On the other hand, Asia Pacific region is projected to grow with the highest growth rate due to the rising number of invasive medical procedures and government support.

Key Vendor Takeaway

Companies namely Getinge Group, B. Braun, Xerafy, Censis Technologies and Haldor Advanced Technologies are extensively profiled in the report. This industry constitutes a large number of global as well as local players. Companies such as Haldor Advanced Technologies and Censis Technologies offers the broad range of products and actively engaged in introducing novel products under this market segments. For instance, in 2016, Haldor Advanced Technologies launched a new RFID tag for its ORLocate Sponge System for tracking of sponges used in medical procedures, thereby expanding its product portfolio.

The market size and forecast for each segment has been provided for the period 2014 to 2021-2027, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2021-2027 for every reported segment.

The market size and forecast for each segment has been provided for the period 2016 to 2027, considering 2019 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2021 to 2027 for every reported segment.

The years considered for the study are:

Historical Year – 2016 to 2018

Base Year – 2019

Estimated Year – 2020

Projected Year – 2027

The proposed reports analyse and evaluates the COVID-19 impact, and anticipated change on the future market scenario on this industry, by taking into the account the economic, political, technological, and social, parameters.

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY PRODUCT

Hardware

Software

Services

GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY

Barcodes

RFID

GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END-USE

Hospital Settings

Others

GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

Table of Contents
for Surgical Instrument Tracking Systems Market, By Product (Hardware, Software, and Services), By Technology (Barcodes and RFID), By End-Use (Hospital Settings and Others) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

  • TABLE OF CONTENT

    1. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET OVERVIEW

    1.1. Study Scope

    1.2. Base Year

    1.3. Assumption and Methodology

    2. EXECUTIVE SUMMARY

    2.1. Key Market Facts

    2.2. Geographical Scenario

    2.3. Companies in the Market

    3. SURGICAL INSTRUMENT TRACKING SYSTEMS KEY MARKET TRENDS

    3.1. Market Drivers

    3.1.1. Impact Analysis of Market Drivers

    3.2. Market Restraints

    3.2.1. Impact Analysis of Market Restraints

    3.3. Market Opportunities

    3.4. Market Future Trends

    4. SURGICAL INSTRUMENT TRACKING SYSTEMS INDUSTRY STUDY

    4.1. Porter’s Analysis

    4.2. Market Attractiveness Analysis

    4.3. Value Chain Analysis

    5. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET LANDSCAPE

    5.1. Market Share Analysis

    6. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET – BY PRODUCTS:

    6.1. Overview

    6.2. Hardware

    6.2.1. Overview

    6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.3. Software

    6.3.1. Overview

    6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    6.4. Services

    6.4.1. Overview

    6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET – BY TECHNOLOGY:

    7.1. Overview

    7.2. Barcodes

    7.2.1. Overview

    7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    7.3. RFID

    7.3.1. Overview

    7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET – BY END USE:

    8.1. Overview

    8.2. Hospital Settings

    8.2.1. Overview

    8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    8.3. Others

    8.3.1. Overview

    8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET– BY GEOGRAPHY

    9.1. Introduction

    9.2. North America

    9.2.1. Overview

    9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.2.3. U.S.

    9.2.3.1. Overview

    9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.2.4. Canada

    9.2.4.1. Overview

    9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3. Europe

    9.3.1. Overview

    9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3.3. France

    9.3.3.1. Overview

    9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3.4. Germany

    9.3.4.1. Overview

    9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.3.5. Rest of Europe

    9.3.5.1. Overview

    9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4. Asia Pacific (APAC)

    9.4.1. Overview

    9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4.3. China

    9.4.3.1. Overview

    9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4.4. India

    9.4.4.1. Overview

    9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.4.5. Rest of APAC

    9.4.5.1. Overview

    9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.5. Rest of the World

    9.5.1. Overview

    9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.5.3. Latin America

    9.5.3.1. Overview

    9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    9.5.4. Middle East and Africa

    9.5.4.1. Overview

    9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

    10. KEY VENDOR ANALYSIS

    10.1. Getinge Group

    10.1.1. Company Overview

    10.1.2. SWOT Analysis

    10.1.3. Key Developments

    10.2. B. Braun

    10.2.1. Company Overview

    10.2.2. SWOT Analysis

    10.2.3. Key Developments

    10.3. Xerafy

    10.3.1. Company Overview

    10.3.2. SWOT Analysis

    10.3.3. Key Developments

    10.4. Censis Technologies

    10.4.1. Company Overview

    10.4.2. SWOT Analysis

    10.4.3. Key Developments

    10.5. Haldor Advanced Technologies

    10.5.1. Company Overview

    10.5.2. SWOT Analysis

    10.5.3. Key Developments

    *Client can request additional company profiling as per specific requirements

    11. 360 DEGREE ANALYSTVIEW

    12. APPENDIX

    12.1. Research Methodology

    12.2. Abbreviations

    12.3. Disclaimer

    12.4. Contact Us

List Of Tables
in Surgical Instrument Tracking Systems Market, By Product (Hardware, Software, and Services), By Technology (Barcodes and RFID), By End-Use (Hospital Settings and Others) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Tables

Table 1 List of Acronyms

Table 2 Key Market Facts, 2016 – 2027

Table 3 Market Drivers: Impact Analysis

Table 4 Market Restraint: Impact Analysis

Table 5 Market Opportunity: Impact Analysis

Table 6 PEST Analysis

Table 7 Porter’s Five Forces Analysis

Table 8 Company Market Share Analysis

Table 9 Global Surgical Instrument Tracking Systems Market Analysis, Forecast, and Y-O-Y Growth Rate, 2016 – 2027, (US$ Million)

Table 10 Surgical Instrument Tracking Systems Market, by Product, 2016 – 2027 (USD Million)

Table 11 Surgical Instrument Tracking Systems Market, by Technology, 2016 – 2027 (USD Million)

Table 12 Surgical Instrument Tracking Systems Market, by End Use, 2016 – 2027 (USD Million)

Table 13 Surgical Instrument Tracking Systems Market, by Geography, 2016 – 2027 (USD Million)

Table 14 North America Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 15 U.S. Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 16 Canada Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 17 Europe Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 18 France Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 19 Germany Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 20 Asia Pacific Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 21 China Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 22 India Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 23 Latin America Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

Table 24 MEA Surgical Instrument Tracking Systems Market, 2016 – 2027 (USD Million)

List Of Figures, Charts and Diagrams
in Surgical Instrument Tracking Systems Market, By Product (Hardware, Software, and Services), By Technology (Barcodes and RFID), By End-Use (Hospital Settings and Others) and Geography (North America, Europe, Asia Pacific, and RoW) – Analysis, Share, Trends, Size, & Forecast From 2016 – 2027- COVID- 19 Updated

List of Figures

Figure 1 Research Methodology

Figure 2 Research Process Flow Chart

Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)

Figure 4 Regulatory Framework Analysis

Figure 5 Value Chain Analysis Analysis

Figure 6 Surgical Instrument Tracking Systems Market, by Product, 2016 – 2027 (USD Million)

Figure 7 Surgical Instrument Tracking Systems Market, by Technology, 2016 – 2027 (USD Million)

Figure 8 Surgical Instrument Tracking Systems Market, by End Use, 2016 – 2027 (USD Million)

Figure 9 Surgical Instrument Tracking Systems Market, by Geography, 2016 – 2027 (USD Million)

Additional Details

Publisher

AnalystView

Publisher Information

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.



These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.



We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.



We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.



It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

Reference

270578 | AV158

Number of Pages

206

Report Format

PDF

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This report is published by AnalystView

AnalystView Market Insights is a market research and consulting firm that adopts a proactive approach to provide the diverse need for accurate and precise market research, custom research, and consulting solutions across geographies and industry verticals. Our company is led by a team of passionate, naturally curious, and strategic thinkers from different industry backgrounds.

These experts are dedicated to creating concrete market data analysis in various industries such as Healthcare, Bulk Chemicals, Semiconductors and Electronics, Foods and Beverages. We strive to develop meaningful and evidence-based research data that helps our clients, empowering organizations and brands of all sizes with strategic analysis, accurate data, and consumer trends.

We aim to be the number one choice for various clients who require credible data to make vital business decisions. We wish to be a trusted and reliable analytics partner to major business organizations.

We understand that critical business decisions can be taken only when verified, authentic information is available. Therefore, our experts work meticulously to provide our clients with the accurate data, so that they need not spend time in verifying it.

It is also our goal to help our clients ignore traditional research methods that require a large amount of capital, manpower, and most important of it all – the time. We know that these factors are precious to a company and always follow the latest research techniques that produce the required result in a short span of time.

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