Surgical Instrument Tracking System Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024

Description

The global surgical instrument tracking system market is projected to grow from $350.9 million in 2024 to $627.4 million by 2030, registering a compound annual growth rate (CAGR) of 10.2%. This growth is driven by technological advancements in healthcare, increasing adoption of regulatory standards such as the Unique Device Identification (UDI) system, and the rising number of surgeries worldwide. These systems are instrumental in improving surgical workflows, enhancing patient safety, and ensuring effective inventory management in healthcare facilities.

Key Insights

The integration of advanced technologies, including barcoding and Radio Frequency Identification (RFID), is enabling real-time tracking of surgical instruments, reducing errors, and improving operational efficiency.

Regulatory compliance with UDI standards mandated by the FDA is a key driver, as healthcare providers implement tracking systems to meet these requirements and improve traceability.

The increasing number of surgical procedures globally is propelling the demand for tracking systems to enhance instrument availability, reduce infection risks, and ensure patient safety.

Effective inventory management facilitated by these systems is reducing operational costs and optimizing the utilization of surgical instruments in hospitals and other healthcare facilities.

RFID technology, which provides real-time data on instrument location, usage, and sterilization status, is being widely adopted for its ability to enhance productivity and ensure instrument accountability.

The market is fragmented, with numerous players focusing on innovation, strategic partnerships, and product development to strengthen their market position.

The growing awareness among healthcare providers about the benefits of surgical instrument tracking systems is driving their adoption in developed and developing regions alike.

Advances in software solutions for instrument tracking are improving data integration and reporting capabilities, making them more user-friendly and efficient.

The rising emphasis on patient safety and the need to comply with regulatory standards are creating significant opportunities for market growth.

The Asia-Pacific region is expected to witness significant growth due to increasing healthcare investments and a rising number of surgical procedures in emerging economies.

Product Code: 12349

Chapter 1. Research Scope

1.1. Research Objectives
1.2. Market Definition
1.3. Analysis Period
1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by component
- 1.4.2. Market size breakdown, by end user
- 1.4.3. Market size breakdown, by technology
- 1.4.4. Market size breakdown, by region
- 1.4.5. Market size breakdown, by country
1.5. Market Data Reporting Unit
- 1.5.1. Value
1.6. Key Stakeholders

Chapter 2. Research Methodology

2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
2.2. Primary Research
2.3. Market Size Estimation
2.4. Data Triangulation
2.5. Currency Conversion Rates
2.6. Assumptions for the Study
2.7. Notes and Caveats

Chapter 3. Executive Summary

Chapter 4. Market Indicators

Chapter 5. Industry Outlook

5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
5.2. Impact of COVID-19
5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes

Chapter 6. Global Market

6.1. Overview
6.2. Market Revenue, by Component (2019-2030)
6.3. Market Revenue, by End User (2019-2030)
6.4. Market Revenue, by Technology (2019-2030)
6.5. Market Revenue, by Region (2019-2030)

Chapter 7. North America Market

7.1. Overview
7.2. Market Revenue, by Component (2019-2030)
7.3. Market Revenue, by End User (2019-2030)
7.4. Market Revenue, by Technology (2019-2030)
7.5. Market Revenue, by Country (2019-2030)

Chapter 8. Europe Market

8.1. Overview
8.2. Market Revenue, by Component (2019-2030)
8.3. Market Revenue, by End User (2019-2030)
8.4. Market Revenue, by Technology (2019-2030)
8.5. Market Revenue, by Country (2019-2030)

Chapter 9. APAC Market

9.1. Overview
9.2. Market Revenue, by Component (2019-2030)
9.3. Market Revenue, by End User (2019-2030)
9.4. Market Revenue, by Technology (2019-2030)
9.5. Market Revenue, by Country (2019-2030)

Chapter 10. LATAM Market

10.1. Overview
10.2. Market Revenue, by Component (2019-2030)
10.3. Market Revenue, by End User (2019-2030)
10.4. Market Revenue, by Technology (2019-2030)
10.5. Market Revenue, by Country (2019-2030)

Chapter 11. MEA Market

11.1. Overview
11.2. Market Revenue, by Component (2019-2030)
11.3. Market Revenue, by End User (2019-2030)
11.4. Market Revenue, by Technology (2019-2030)
11.5. Market Revenue, by Country (2019-2030)

Chapter 12. U.S. Market

12.1. Overview
12.2. Market Revenue, by Component (2019-2030)
12.3. Market Revenue, by End User (2019-2030)
12.4. Market Revenue, by Technology (2019-2030)

Chapter 13. Canada Market

13.1. Overview
13.2. Market Revenue, by Component (2019-2030)
13.3. Market Revenue, by End User (2019-2030)
13.4. Market Revenue, by Technology (2019-2030)

Chapter 14. Germany Market

14.1. Overview
14.2. Market Revenue, by Component (2019-2030)
14.3. Market Revenue, by End User (2019-2030)
14.4. Market Revenue, by Technology (2019-2030)

Chapter 15. France Market

15.1. Overview
15.2. Market Revenue, by Component (2019-2030)
15.3. Market Revenue, by End User (2019-2030)
15.4. Market Revenue, by Technology (2019-2030)

Chapter 16. U.K. Market

16.1. Overview
16.2. Market Revenue, by Component (2019-2030)
16.3. Market Revenue, by End User (2019-2030)
16.4. Market Revenue, by Technology (2019-2030)

Chapter 17. Italy Market

17.1. Overview
17.2. Market Revenue, by Component (2019-2030)
17.3. Market Revenue, by End User (2019-2030)
17.4. Market Revenue, by Technology (2019-2030)

Chapter 18. Spain Market

18.1. Overview
18.2. Market Revenue, by Component (2019-2030)
18.3. Market Revenue, by End User (2019-2030)
18.4. Market Revenue, by Technology (2019-2030)

Chapter 19. Japan Market

19.1. Overview
19.2. Market Revenue, by Component (2019-2030)
19.3. Market Revenue, by End User (2019-2030)
19.4. Market Revenue, by Technology (2019-2030)

Chapter 20. China Market

20.1. Overview
20.2. Market Revenue, by Component (2019-2030)
20.3. Market Revenue, by End User (2019-2030)
20.4. Market Revenue, by Technology (2019-2030)

Chapter 21. India Market

21.1. Overview
21.2. Market Revenue, by Component (2019-2030)
21.3. Market Revenue, by End User (2019-2030)
21.4. Market Revenue, by Technology (2019-2030)

Chapter 22. Australia Market

22.1. Overview
22.2. Market Revenue, by Component (2019-2030)
22.3. Market Revenue, by End User (2019-2030)
22.4. Market Revenue, by Technology (2019-2030)

Chapter 23. South Korea Market

23.1. Overview
23.2. Market Revenue, by Component (2019-2030)
23.3. Market Revenue, by End User (2019-2030)
23.4. Market Revenue, by Technology (2019-2030)

Chapter 24. Brazil Market

24.1. Overview
24.2. Market Revenue, by Component (2019-2030)
24.3. Market Revenue, by End User (2019-2030)
24.4. Market Revenue, by Technology (2019-2030)

Chapter 25. Mexico Market

25.1. Overview
25.2. Market Revenue, by Component (2019-2030)
25.3. Market Revenue, by End User (2019-2030)
25.4. Market Revenue, by Technology (2019-2030)

Chapter 26. Saudi Arabia Market

26.1. Overview
26.2. Market Revenue, by Component (2019-2030)
26.3. Market Revenue, by End User (2019-2030)
26.4. Market Revenue, by Technology (2019-2030)

Chapter 27. South Africa Market

27.1. Overview
27.2. Market Revenue, by Component (2019-2030)
27.3. Market Revenue, by End User (2019-2030)
27.4. Market Revenue, by Technology (2019-2030)

Chapter 28. U.A.E. Market

28.1. Overview
28.2. Market Revenue, by Component (2019-2030)
28.3. Market Revenue, by End User (2019-2030)
28.4. Market Revenue, by Technology (2019-2030)

Chapter 29. Competitive Landscape

29.1. List of Market Players and their Offerings
29.2. Competitive Benchmarking of Key Players
29.3. Product Benchmarking of Key Players
29.4. Recent Strategic Developments

Chapter 30. Company Profiles

30.1. Becton, Dickinson and Company
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
30.2. B. Braun Melsungen AG
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
30.3. Fortive Corporation
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
30.4. SpaTrack Medical Limited
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
30.5. Promedical Inc DBA NuTrace
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
30.6. STERIS plc
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
30.7. Stanley Black & Decker Inc.
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
30.8. Getinge AB
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
30.9. Scanlan International Inc.
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
30.10. Vizinex RFID
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
30.11. ScanCARE Pty Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
30.12. Censis Technologies Inc.
- 30.12.1. Business overview
- 30.12.2. Product and service offerings
- 30.12.3. Key financial summary

Chapter 31. Appendix

31.1. Abbreviations
31.2. Sources and References
31.3. Related Reports

Surgical Instrument Tracking System Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)