The global Surgical Instrument Tracking Systems market is forecasted to beworth USD 431.6 Million by 2027, according to a current analysis by EmergenResearch. The surgical instrument tracking system market is used in thehealthcare industry for tracking new technology and smartphones and tablets.
Another major propelling factor is the implementation of aunique device identification (UDI) system by the Food and Drug Administration.This has led most of the devices to include UDI in human and machine-readable form.However, factors such as budget limitations, massive cost systems, and lengthyinvestment cycles can hinder the growth of the market.
Based on the in-depth analysis the research also brings to lightmajor facts pertaining to the vital aspects such as market share, size, andgrowth rate. Deep dive into other aspects including the investment feasibility,demand and supply, import and export status, supply chain management and growthprospects narrates a lot about what the business environment will be like forthe forecast period,2020 - 2027. All the vital statistics in the report areexplained with the help of resources such as tables, charts, and info graphics.
The advent of the latest technology and usage of tracking systemsin the form of bar codes has fueled market growth. It improves patient safetyand fast and accurate instrument identification, resulting in an optimizedprocess. The need for research centers and clinics to improve workflow is alsobenefitting the market demand.
Read more@ https://www.emergenresearch.com/industry-report/surgical-instrument-tracking-systems-market
Key HighlightsFrom The Report
In June 2020, Terso Solutions announced its partnership withMedical Tracking Solutions, Inc. They launched an RFID surgical loaner kittracking solution to help the visibility for manufacturers and hospitals fromthe warehouse to the point of use and everything in between.
Surgical instrument tracking system hardware is gainingpopularity as there is a repeat purchase of non-durableradiofrequency-identification barcode labels that require constant replacementas they are more prone to detachment during damage or washing.
RFID tags are designed to resist the rigors of the healthcareindustry, as well as the harsh sterilization processes, which are used toautomate the Joint Commission's Universal Protocol and meet FDA UDIrequirements.
Hospitals are witnessing high demand due to the adoption ofproducts and a rise in the incidence of surgeries. The hospitals lose a lot ofits surgical devices or misplace it, which makes the whole process moreexpensive. This will propel the segment’s demand in the market.
North America held the largest market share due to the adoptionof advanced technologies and the need for lower healthcare expenses andefficient equipment management, which will drive the demand for the product.The region will hold a market share of 34.8% in the year 2019.
Keyparticipantsinclude Material Management Microsystems, Fortive Corporation Group, HaldorAdvanced Technologies, Becton, Dickinson And Company, Mobile Aspects, KeySurgical, Inc., TGX Medical Systems, B. Braun Melsungen, Xerafy, and GetingeGroup, among others.
Request For Free Sample@ https://www.emergenresearch.com/request-sample/343
ComponentOutlook (Revenue, USD Billion; 2017-2027)
Software
Services
Hardware
Readers
Tags
Others
TechnologyOutlook (Revenue, USD Billion; 2017-2027)
Radiofrequency identification (RFID)
Barcode
End UsersOutlook (Revenue, USD Billion; 2017-2027)
Hospitals
Private Hospitals
Public Hospitals
Others
RegionalOutlook (Revenue, USD Billion; 2017-2027)
North America
Europe
Asia Pacific
Latin America
MEA
Table of Content
Chapter 1.Methodology & Sources
1.1. Surgical Instrument Tracking Systems Market Definition
1.2. Surgical Instrument Tracking Systems Market Research Scope
1.3. Surgical Instrument Tracking Systems Market Methodology
1.4. Surgical Instrument Tracking Systems Market Research Sources
1.4.1.Primary
1.4.2.Secondary
1.4.3.Paid Sources
1.5. Surgical Instrument Tracking Systems Market Estimation Technique
Chapter 2.Executive Summary
2.1. SummarySnapshot, 2019-2027
Chapter 3. KeyInsights
Chapter 4. Surgical Instrument Tracking Systems Market Segmentation & Impact Analysis
Continued…
Find similarreports by Emergen Research:
Soil Stabilization Market By Application (Agriculture, Industrial, Non-Agriculture), By Method(Chemical, Mechanical), By Additive (Mineral & Stabilizing agents,Polymers), Forecasts to 2027
DripIrrigation Market By Application (Subsurface drip irrigation, Surface drip irrigation), ByCrop Type (Vegetable Crops, Field Crops, Vineyards, Orchard Crops), ByComponent (Emitters, Drip Tubes, Pressure Pumps, Filters, Valves), Forecasts to2027
TargetDrones Market By Payload (Camera, Control Systems, Tracking Systems, Others), ByEnd-Users (Military, Commercial), By Price Range (Budget, Medium, Premium), andRegions Forecasts to 2027
Multi-RotorDrone Market By Payload (Camera, Control Systems, Tracking Systems, Others), ByEnd-Users (Military, Commercial), By Price Range (Budget, Medium, Premium), andRegions Forecasts to 2027
PlasticAdhesives Market By Resin Type (Epoxy, Polyurethane, Acrylic, Silicone, Cyanoacrylate,Methyl Methacrylate, and Others), By Substrate (Polyethylene, Polypropylene,Polyvinyl Chloride, and Others), By Distribution Channel (Online and Offline),By Application (Packaging, Building & Construction, Automotive &Transportation, Assembly, Medical, and Others), Forecasts to 2027
AboutEmergen Research
At Emergen Research, we believe in advancing with technology.We are a growing market research and strategy consulting company with anexhaustive knowledge base of cutting-edge and potentially market-disruptingtechnologies that are predicted to become more prevalent in the coming decade.
ContactUs:
Eric Lee
Corporate Sales Specialist
EmergenResearch | Web: https://www.emergenresearch.com
E-mail: sales@emergenresearch.com
