Surgical Instrument Tracking Industry from 2017 to 2021 Compared to Demand Outlook for 2022 to 2032

The market reached a valuation of US$ 215.01 Mn in 2021, experiencing a Y-o-Y expansion rate of 15% from 2020. Integration of scanning technologies such as RFID or barcode scanning along with software services for inventory management are providing significant traction to the widespread deployment of surgical instrument tracking systems.

During the historic period (2017-2021), the global surgical instrument tracking market expanded at a significant rate, registering a CAGR worth 15.1%, as a result of the augmented level of automation in the healthcare industry along with technological advancements in the IT & telecom industry.

Owing to the integration of scanning technology & instrument tracking systems like RFID surgical instrument tracking, censitrac instrument tracking system or barcode scanning along with software services for inventory management forms Surgical Instrument Tracking system, the market witnessed immense growth potential.

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 Key findings of the Surgical Instrument Tracking market study:

·         Regional breakdown of the Surgical Instrument Tracking market based on predefined taxonomy.

·         Innovative manufacturing processes implemented by Surgical Instrument Tracking vendors in detail.

·         Region-wise and country-wise fragmentation of the Surgical Instrument Tracking market to grasp the revenue, and growth outlook in these areas.

·         Changing preferences among consumers across various regions and countries.

·         Factors (Positive and Negative) impacting the growth of the global Surgical Instrument Tracking market.

Competitive Landscape:

Prominent players are embracing innovative approaches such as ground-breaking marketing tactics, technological advancements, mergers, and acquisitions to expand their market ground

  • In October 2020, Steris- a seller of infection prevention, surgical equipment and other hospital products has acquired Key Surgical in a US$850 million deal that adds complementary product lines and expands its geographic reach.
  • Getinge AB and Intelligent InSites, Inc. have developed T-DOC 2000 surgical instrument traceability system. The solution supports the sterile supply workflow of instruments, consumables, and implants, from reprocessing, inventory and logistics to use.

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 Queries addressed in the Surgical Instrument Tracking market report:

·         Why are the Surgical Instrument Tracking market players targeting region for increased product sales?

·         What patented technologies are the players utilizing in the global Surgical Instrument Tracking market?

·         Which regions are displaying the fastest growth in the Surgical Instrument Tracking market?

·         What are the underlying micro- macroeconomic factors affecting the global Surgical Instrument Tracking market?

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