The global surgical instrument tracking system market is anticipated to grow at a considerable CAGR of 15.5% during the forecast period (2021-2027). The key driver in the surgical instruments tracking system market is the rapid adoption of healthcare IT in hospitals. Tracking of surgical devices is improving the quality of patient’s care procedures, which has become one of the most important aspects in the healthcare service sector. According to the Xerafy, Singapore, every year in the US alone 4000 retained surgery cases have been detected. Thus, to prevent such errors from the medical procedures, hospitals are rapidly adopting surgical instrument tracking systems.
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Additionally, hospitals shifted to automatic identification technology, RFID for tracking. In this type of system, an error can occur in surgical instrument processing and it may increase the operative cost. Furthermore adopting RFID technology will be the next phase in innovation of hospitals. For Instance, in July 2020, Smith+Nephew launches its Real Intelligence brand which enables technology solutions, additionally its new generation handheld robotics platform named the CORI Surgical System. Real intelligence addresses clinical challenges of care including patient engagement, digital and robotic surgery and it informs the next phase of treatment. Moreover, CORI surgical platform was developed for knee arthroplasty ideally for ambulatory surgery centers. It includes new camera technology that is four-time faster and it is the fastest robotic surgery procedure.
Market Coverage
• The market number available for – 2020-2027
• Base year- 2020
• Forecast period- 2021-2027
• Segment Covered-
o By Product
o By Technology
o By End-User
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including FingerPrint Medical Ltd., Haldor Advanced Technologies, Johnson & Johnson Medical NV, Scanlan International, and SpaTrack Medical Ltd., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Surgical Instrument Tracking System Market Report Segment
By Product
• Hardware
• Software
By Technology
• Barcodes
• RFID
By End-User
• Hospitals
• Clinics
• Others (Ambulatory Surgical Centers, and Research centers)
Global Surgical Instrument Tracking System Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa