The global surgical instrument trackers market size was 351.4 million US$ in 2021. The global surgical instrument trackers market is expected to reach US$ 761.4 million by 2030 registering a compound annual growth rate (CAGR) of 10.9% over the forecast. period from 2022 to 2030.
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Devices used to track surgical instruments can combine application software with scanning technologies. They facilitate access to time-saving resources for healthcare professionals, allowing them to perform actions quickly and efficiently. Surgical tracking devices are great for organizing surgical sets, tracking instrument usage cycles, documenting instrument usage, understanding tool replacement, and other applications.
Factors influencing the market
Growing technological advancements in the medical sector aimed at adding more functionality to instruments will fuel the growth of the surgical instrument tracking devices market over the forecast period. Advanced surgical instrument tracking devices can effectively reduce the time spent performing the procedure. It will also improve the accessibility and quality of inventory management, which will benefit the entire healthcare industry.
Rising healthcare expenditures and rising awareness about the benefits of adopting advanced technologies will contribute to the growth of the surgical instrument tracking devices market during the study period.
The growth in the geriatric population, combined with the increase in the cases of chronic diseases, will contribute to the growth of the surgical instrument tracking devices market during the study period. On the other hand, technological limitations associated with surgical instrument tracking devices may limit the growth of the global market during the forecast period.
COVID-19 Impact Analysis
The demand for surgeries has decreased significantly, which has negatively impacted the surgical instrument tracking devices market. The healthcare sector has focused on the COVID-19 disease, and most institutions have been forced to expand facilities for patients affected by COVID-19. As a result, this has hampered the demand for surgical instrument tracking devices.
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Region-wise, the surgical instrument tracking device market in Asia Pacific is expected to dominate the global market. The growth of this regional market is attributed to rising per capita income and growing advancement in surgical procedures. Apart from this, the fact that China and India together hold 36.0% of the total global population is expected to provide lucrative growth opportunities for the surgical instrument tracking devices market over the study period. .
• Becton, Dickinson and company
• B. Braun Melsungen AG
• ASANUS Medizintechnik GmbH
• Limited medical fingerprints
• Steris plc.
• Stanley Black & Decker
• Getinge AB
• Murata Manufacturing Co., Ltd.
• Integra Life Sciences Holdings Corporation
• Advanced Haldor Technologies
• Other top players
Global Surgical Instrument Tracking Devices Market segmentation focuses on technology, product, end users and region.
By type of technology Outlook
By product type
From end-user perspectives
• Ambulatory surgery centers (ASC)
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By regional perspectives
● North America
o United States
o United Kingdom
o Rest of Western Europe
o Rest of Eastern Europe
o Australia and New Zealand
o Rest of Asia-Pacific
● Middle East and Africa (MEA)
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Rest of South America
What is the purpose of the report?
1.The market report presents the estimated market size at the end of the forecast period. The report also examines historical and current market sizes.
2.During the forecast period, the report analyzes the growth rate, market size and market valuation.
The report presents current industry trends and future potential for North America, Asia-Pacific, Europe, Latin America, Middle East and Africa markets.
3.The report provides a comprehensive view of the market based on geographic scope, market segmentation, and financial performance of major players.
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