San Francisco, Nov 28 The
global surgical
instrument tracking systems market is expected to reach a value of
USD 442.9 million by 2025, according to a new report by Grand View Research,
Inc. Increasing incidence of surgical instruments being left behind after
surgery is the most significant factor anticipated to boost the market growth
during the forecast period. Annually in the U.S, around 4,500 to 6,000 surgical
instruments are left in the surgical sites, which results in the need of
additional surgery for removal of retained devices from the body. This in turn
results in the need for operating instrument tracking products.
Rising
adoption of medical devices and instrument tracking products by private and
public hospitals is another major factor contributing to the growth of the
market. The inventory management and tracing of medical devices and instruments
during work cycle, such as during sterilization procedures, surgery, and
post-surgery, is a major problem faced by the hospitals. Thus, the need of
medical devices and instrument tracking systems is growing at high rate, which
is expected to propel the growth of the sector.
Browse full research report on Surgical Instrument Tracking Systems Market:
www.grandviewresearch.com/industry-analysis/surgical-instrument-tracking-systems-market
Further key findings from the study suggest:
- As a result
of low installation cost and ease of handling, barcode technology was the
largest grossing segment of the surgical instrument tracking systems
market in 2015.
- The software
solutions segment was the highest revenue-generating segment in 2015,
owing to increasing technological advancement in software solutions.
- In 2015,
hospitals segment held the largest revenue share in the market, owing to
the increasing adoption of track-and-trace for inventory management and
surgical instruments tracing to provide better patient safety.
- North America
held the largest share of the surgical instrument tracking systems market
in the year 2015. This region is expected to uphold its dominance during
the forecast period.
- Highly
developed healthcare infrastructure and availability of advanced products
is anticipated to drive the demand for medical device and instruments
tracking products in North America during the forecast period
- Some of the
key players include Censis Technologies, Inc.; Materials Management Microsystems,
Inc.; Haldor Advanced Technologies. Ltd.; Xerafy; B. Braun Melsungen AG;
Getinge Group; and Becton, Dickinson and Company
Browse more reports of this category
by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand
View Research has segmented the surgical instrument tracking systems market on
the basis of product, technology, end use, and region:
Surgical
Instrument Tracking Systems Product Outlook (Revenue, USD Million; 2014 -2025)
- Hardware
- Software
- Services
Surgical
Instrument Tracking Systems Technology Outlook (Revenue, USD Million; 2014 -
2025)
- Barcodes
- RFID
Surgical
Instrument Tracking Systems End-Use Outlook (Revenue, USD Million; 2014 -2025)
- Hospitals
- Others
Surgical
Instrument Tracking Systems Regional Outlook (Revenue, USD Million; 2014 -
2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- China
- India
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
Browse press release of this report
by Grand View Research: www.grandviewresearch.com/press-release/global-surgical-instrument-tracking-systems-market
About Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business decisions,
we offer market intelligence studies ensuring relevant and fact-based research
across a range of industries, from technology to chemicals, materials and
healthcare.
For more information:
www.grandviewresearch.com
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