Surgical Instrument Tracking Systems Market Report, By Technology (RFID, Barcode), Component (Hardware, Software, Services), End User (Hospital and others), and Geography - Global Market Share, Trend Analysis & Forecast

Surgical instruments tracking system have been accessible for use in healthcare systems for quite a while. Today, Surgical instruments tracking system have become a need. The previous four to five years has considered critical to be in global surgical instruments market as new innovation and cell phones and tablets have been merged into the healthcare field. Be that as it may, with the coming of innovation, the utilization of global positioning frameworks has gotten more extensive. Presentation of 2D standardized tags has helped sterile preparing staff individuals to all the more precisely distinguish instruments and furthermore help in building up a powerful history of each instrument's utilization

Surgical Instrument Tracking Systems Market Driving Factors

•   FDA regulations for UDI (Unique Device Identification) is pushing the development of surgical                                  instrument tracking systems of the market
•   Inventory management and better care for patients is driving the growth of the market
•   Increasing number of operations global is providing to the growth of the market
•   Growing impact of maintained cases of surgical instruments is boosting the growth of the market

Surgical Instrument Tracking Systems Market Challenging Factors

•   High expenses of the scheme are hindering the growth of the market.
•   The lengthy investment process act as a restraint to the market
•   Financial constraints are restricting the growth of the market

COVID 19 Pandemic impact on Surgical Instrument Tracking Systems Market Outlook

Health care systems worldwide have been affected by the novel severe acute respiratory syndrome coronavirus emergence since December 2019. The impact of COVID-19 on surgical practice is widespread, ranging from workforce and staffing issues, procedural prioritisation, viral transmission risk intraoperatively, changes to perioperative practice and ways of working alongside the impact on surgical education and training. The COVID-19 pandemic caused a steep decrease in elective surgery scheduling, to the extent of complete cancellation without future planning of safe development. The decline in number of surgeries being conducted, the surgical instrument tracking system market is expected to decline in market growth.

Surgical Instrument Tracking Systems Market Segmental Overview

• The report analyses the global a surgical instrument tracking systems market based on, component, end user and geography.
• Surgical instrument tracking systems technology studied in this report include Barcode and RFID. Barcode technology is most used type of tracking technology and its augmented adoption in medical devices industry owing to the low installation cost of these products boost the growth of the market. 
• Surgical instrument tracking systems major component consists of hardware, software, and services. Hardware consists of    readers, tags and other hardware. Technological advancements in software is a major factor driving the adoption of these devices for inventory as well as surgical instrument management. 
• By end user, the market is categorised into hospitals and other end users. The hospitals segment is projected to account for the largest share of the market
• By geography, the global Surgical Instrument Tracking Systems market is analysed across key regions such as, North America, Europe, Asia Pacific, and Rest of the world. The dominance of North America is attributed to factors growing geriatric population presence of highly developed healthcare infrastructure, rapid adoption of advanced technology and products, and high per capita healthcare expenditure

Surgical Instrument Tracking Systems Market Key Players

Some of the key players operating in the global Surgical Instrument Tracking Systems market are Fortive Corporation Group , Material Management Microsystems, Becton, Dickson and Company, Haldor Advanced Technologies, Key Surgical,Inc., Mobile Aspects , TGX Medical Systems , Xerafy, Stanley Healthcare (Israel), B.Barun Melsungen , Gentinge Group, Steris Instrument Management Services, Koch Industries , SpaTrack Medical Limited, Scanlan International,Inc. , Case Medical, Asanus Medizintechnik Gmbh Inc., Keir Surgical Ltd., Intechnology Distribution PTY Ltd., and Nutrace among others