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Market Research Report

Surgical Instrument Tracking Systems Market, By Product (Hardware, Software, and Services), By Technology (Barcodes and RFID), By End-Use (Hospital Settings and Others) and Geography - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025

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Surgical Instrument Tracking Systems Market, By Product (Hardware, Software, and Services), By Technology (Barcodes and RFID), By End-Use (Hospital Settings and Others) and Geography - Analysis, Share, Trends, Size, & Forecast From 2014 - 2025
Published: February 3, 2018 Content info: 120 Pages
Description

Report Hightlights

The surgical instrument tracking systems market is estimated to represent a global market of USD 106.8 million by 2017 with growth rate of 19.7%.

Market Dynamics

Surgical instrument tracking systems are primarily used to track usage, and location of medical equipment in order to improve patient safety and to manage apparatus inventory. The key factor helping to catalyse the growth of this market is the continuous increase in incidences of the retained surgical instrument. The demand for medical instruments is increasing in various surgical interventions. Thus, in such cases the chances of misplacing these instruments increase in the operating room. Some of the common instruments that are left in a patient's body during surgery include sponges, knife blades, needles, scalpels, and safety pins. All such facts are driving the demand for surgical instrument tracking systems, thus, bolstering the overall market growth.

In addition, advancement in technologies, rising need for medical equipment inventory management, and increasing number of medical procedures support the market growth significantly. High cost for tracking systems is considered to be a major roadblock to the growth of the global market. Hardware and software used for surgical instrument tracking & tracing systems are expensive and its licensing, maintenance, and support incur additional cost. Thus, budget constraints of many healthcare facilities are anticipated to impede industry growth to some extent.

Product Takeaway

The market is studied in terms of products, technologies and end-user application. Product segment is categorized as hardware, software, and services. Software occupies the largest share owing to the technological advancements in the field of inventory management. Depending upon technology, the industry is categorized into Barcodes and RFID. Among which, barcodes dominates the overall market due to its user-friendliness and low installation cost.

Global Surgical Instrument Tracking Systems Market by Product, 2017 vs 2025

End-Use Takeaway

End User segment is divided in terms of Hospital Settings and Others. Hospital accounted for the largest share owing to the increasing demand for instrument tracking systems. Implementation of RFID and barcode technology in various hospital facilities further surge in demand for such systems. For instance, National Health Service (NHS) hospitals adopted 2D barcode systems to improve tracking of medical instruments, maximize asset management, and increase patient safety.

Regional Takeaway

Geographically, North America is dominant in the global industry. The degree of competition in this industry has intensified in regions such as North America in past few years due to the rising research and development activities in this field. On the other hand, Asia Pacific region is projected to grow with the highest growth rate due to the rising number of invasive medical procedures and government support.

Key Vendor Takeaway

Companies namely Getinge Group, B. Braun, Xerafy, Censis Technologies and Haldor Advanced Technologies are extensively profiled in the report. This industry constitutes a large number of global as well as local players. Companies such as Haldor Advanced Technologies and Censis Technologies offers the broad range of products and actively engaged in introducing novel products under this market segments. For instance, in 2016, Haldor Advanced Technologies launched a new RFID tag for its ORLocate Sponge System for tracking of sponges used in medical procedures, thereby expanding its product portfolio.

The market size and forecast for each segment has been provided for the period 2014 to 2025, considering 2015 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2016 to 2025 for every reported segment.

The years considered for the study are:

Historical Year - 2014 & 2015

Base Year - 2016

Estimated Year - 2017

Projected Year - 2025

TARGET AUDIENCE

Traders, Distributors, And Suppliers

Manufacturers

Hospitals

Government and Regional Agencies and Research Organizations

Consultants

Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Hardware

Software

Services

MARKET, BY TECHNOLOGY

Barcodes

RFID

MARKET, BY END-USE

Hospital Settings

Others

MARKET, BY REGION

North America

U.S.

Canada

Europe

Germany

France

Rest of Europe

Asia Pacific

India

China

Rest of APAC

Rest of the World

Middle East and Africa

Latin America

Table of Contents
Product Code: AV158

TABLE OF CONTENTS

1. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET OVERVIEW

  • 1.1. Study Scope
  • 1.2. Base Year
  • 1.3. Assumption and Methodology

2. EXECUTIVE SUMMARY

  • 2.1. Key Market Facts
  • 2.2. Geographical Scenario
  • 2.3. Companies in the Market

3. SURGICAL INSTRUMENT TRACKING SYSTEMS KEY MARKET TRENDS

  • 3.1. Market Drivers
    • 3.1.1. Impact Analysis of Market Drivers
  • 3.2. Market Restraints
    • 3.2.1. Impact Analysis of Market Restraints
  • 3.3. Market Opportunities
  • 3.4. Market Future Trends

4. SURGICAL INSTRUMENT TRACKING SYSTEMS INDUSTRY STUDY

  • 4.1. Porter's Analysis
  • 4.2. Market Attractiveness Analysis
  • 4.3. Value Chain Analysis

5. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET LANDSCAPE

  • 5.1. Market Share Analysis

6. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET - BY PRODUCTS:

  • 6.1. Overview
  • 6.2. Hardware
    • 6.2.1. Overview
    • 6.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 6.3. Software
    • 6.3.1. Overview
    • 6.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 6.4. Services
    • 6.4.1. Overview
    • 6.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

7. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET - BY TECHNOLOGY:

  • 7.1. Overview
  • 7.2. Barcodes
    • 7.2.1. Overview
    • 7.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 7.3. RFID
    • 7.3.1. Overview
    • 7.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

8. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET - BY END USE:

  • 8.1. Overview
  • 8.2. Hospital Settings
    • 8.2.1. Overview
    • 8.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 8.3. Others
    • 8.3.1. Overview
    • 8.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

9. SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET- BY GEOGRAPHY

  • 9.1. Introduction
  • 9.2. North America
    • 9.2.1. Overview
    • 9.2.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.2.3. U.S.
    • 9.2.3.1. Overview
    • 9.2.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.2.4. Canada
    • 9.2.4.1. Overview
    • 9.2.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 9.3. Europe
    • 9.3.1. Overview
    • 9.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.3.3. France
    • 9.3.3.1. Overview
    • 9.3.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.3.4. Germany
    • 9.3.4.1. Overview
    • 9.3.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.3.5. Rest of Europe
    • 9.3.5.1. Overview
    • 9.3.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 9.4. Asia Pacific (APAC)
    • 9.4.1. Overview
    • 9.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.4.3. China
    • 9.4.3.1. Overview
    • 9.4.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.4.4. India
    • 9.4.4.1. Overview
    • 9.4.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.4.5. Rest of APAC
    • 9.4.5.1. Overview
    • 9.4.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • 9.5. Rest of the World
    • 9.5.1. Overview
    • 9.5.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.5.3. Latin America
    • 9.5.3.1. Overview
    • 9.5.3.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
    • 9.5.4. Middle East and Africa
    • 9.5.4.1. Overview
    • 9.5.4.2. Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)

10. KEY VENDOR ANALYSIS

  • 10.1. Getinge Group
    • 10.1.1. Company Overview
    • 10.1.2. SWOT Analysis
    • 10.1.3. Key Developments
  • 10.2. B. Braun
    • 10.2.1. Company Overview
    • 10.2.2. SWOT Analysis
    • 10.2.3. Key Developments
  • 10.3. Xerafy
    • 10.3.1. Company Overview
    • 10.3.2. SWOT Analysis
    • 10.3.3. Key Developments
  • 10.4. Censis Technologies
    • 10.4.1. Company Overview
    • 10.4.2. SWOT Analysis
    • 10.4.3. Key Developments
  • 10.5. Haldor Advanced Technologies
    • 10.5.1. Company Overview
    • 10.5.2. SWOT Analysis
    • 10.5.3. Key Developments

Client can request additional company profiling as per specific requirements

11. 360 DEGREE ANALYSTVIEW

12. APPENDIX

  • 12.1. Research Methodology
  • 12.2. Abbreviations
  • 12.3. Disclaimer
  • 12.4. Contact Us

List of Tables

  • Table 1 List of Acronyms
  • Table 2 Key Market Facts, 2014 - 2025
  • Table 3 Market Drivers: Impact Analysis
  • Table 4 Market Restraint: Impact Analysis
  • Table 5 Market Opportunity: Impact Analysis
  • Table 6 PEST Analysis
  • Table 7 Porter's Five Forces Analysis
  • Table 8 Company Market Share Analysis
  • Table 9 Global Surgical Instrument Tracking Systems Market Analysis, Forecast, and Y-O-Y Growth Rate, 2014 - 2025, (US$ Million)
  • Table 10 Surgical Instrument Tracking Systems Market, by Product, 2014 - 2025 (USD Million)
  • Table 11 Surgical Instrument Tracking Systems Market, by Technology, 2014 - 2025 (USD Million)
  • Table 12 Surgical Instrument Tracking Systems Market, by End Use, 2014 - 2025 (USD Million)
  • Table 13 Surgical Instrument Tracking Systems Market, by Geography, 2014 - 2025 (USD Million)
  • Table 14 North America Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 15 U.S. Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 16 Canada Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 17 Europe Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 18 France Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 19 Germany Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 20 Asia Pacific Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 21 China Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 22 India Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 23 Latin America Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)
  • Table 24 MEA Surgical Instrument Tracking Systems Market, 2014 - 2025 (USD Million)

List of Figures

  • Figure 1 Research Methodology
  • Figure 2 Research Process Flow Chart
  • Figure 3 Comparative Analysis, by Geography, 2016-2025 (Value %)
  • Figure 4 Regulatory Framework Analysis
  • Figure 5 Value Chain Analysis Analysis
  • Figure 6 Surgical Instrument Tracking Systems Market, by Product, 2014 - 2025 (USD Million)
  • Figure 7 Surgical Instrument Tracking Systems Market, by Technology, 2014 - 2025 (USD Million)
  • Figure 8 Surgical Instrument Tracking Systems Market, by End Use, 2014 - 2025 (USD Million)
  • Figure 9 Surgical Instrument Tracking Systems Market, by Geography, 2014 - 2025 (USD Million)
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