Surgical Instrument Tracking System Market: A Study of the Industry's Key Applications and Technologies

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Increasing preference for robotic surgeries is a key factor driving surgical instrument tracking system market revenue growth

The latest market intelligence report, titled ‘Global Surgical Instrument Tracking System Market’, is intended to provide the target audience with the necessary information about the global Surgical Instrument Tracking System Market industry. The report comprises a detailed analysis of the vital elements of the Surgical Instrument Tracking System Market, including key drivers, constraints, opportunities, limitations, threats, and micro-and macro-economic factors. The report carefully investigates the present market scenario and the fundamental growth prospects. The report entails an organized database of the Surgical Instrument Tracking System Market dynamic that helps market analysts estimate the global market growth rate over the projected timeline.

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The global surgical instrument tracking system market size was USD 186.7 Million in 2021 and is expected to register a revenue CAGR of 12.1% during the forecast period. Increasing preference for robotic surgeries owing to the benefits offered such as minimal risk of errors and others, technological advancements in medical devices, increasing need for federal government device identifications are some of the key factors driving market revenue growth.

Robotic-assisted orthopedic surgery is gaining popularity in various countries across the globe, and it is expected to gain traction at a significantly high rate over the next few years as surgeons and patients seek better and more predictable outcomes. According to research, with approximately 200,000 joint replacement procedures performed each year, the need exists, and the opportunity to introduce a game-changing new technology is well-timed. Various major companies are launching surgical devices, which are increasing the demand for this market. For instance, on 13 July 2021, Smith and Nephew, a global medical technology company, announced the launch of its Real Intellectual ability suite of enabling technology solutions in India, which includes its next-generation robotics platform, the CORI Surgical System.

The report offers a complete analysis of the global Surgical Instrument Tracking System market on a global and regional scale and offers a forecast for the market for 8 years. The report provides extensive coverage of the market drivers, restraints, limitations, growth prospects, threats, opportunities, and current and emerging trends in the market. The report also offers an in-depth analysis of the market players along with their business overview, product portfolio, technological advancements, expansion plans, financial standing, and global position. It also sheds light on the collaborations in the competitive landscape, such as mergers and acquisitions, joint ventures, collaborations, product launches, brand promotions, corporate and government deals, licensing agreements, and others.

Major Companies in the Market Include:

BD, Xerafy Singapore Pte Ltd., FingerPrint Medical Limited, Getinge AB, B. Braun SE, Haldor Advanced Technologies, Microsystems, Inc., Ternio Group LLC, Keir Surgical, and Paragon Group Limited.

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Market Overview:

The report bifurcates the Surgical Instrument Tracking System market on the basis of different product types, applications, end-user industries, and key regions of the world where the market has already established its presence. The report accurately offers insights into the supply-demand ratio and production and consumption volume of each segment.

Emergen Research has segmented the global surgical instrument tracking system market on the basis of product, technology, end-use, and region:

  • Product Outlook (Revenue, USD Million; 2019-2030)

    • Hardware
    • Software
    • Others
  • Technology Outlook (Revenue, USD Million; 2019-2030)

    • RFID
    • Barcodes
  • End-Use Outlook (Revenue, USD Million; 2019-2030)

    • Hospitals
    • Ambulatory surgical centers
    • Others

Regional Landscape section of the Surgical Instrument Tracking System report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.

The various regions analyzed in the report include:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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The report covers the analysis of the factors anticipated to drive the Global Surgical Instrument Tracking System Market growth over the forecast period of 2022-2030. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report considers 2020 as the base year and 2019-2020 as the historical years. It puts examines the drivers and restraints of the Surgical Instrument Tracking System market and analyzes their impact on the industry throughout the forecast period.

Market Taxonomy:

Chapter 1: Methodology Scope

  • Definition and forecast parameters
  • Methodology and forecast parameters
  • Data Sources

Chapter 2:

Executive Summary

  • Business trends
  • Regional trends
  • Product trends
  • End-use trends

Chapter 3:

Industry Insights

  • Industry segmentation
  • Industry landscape
  • Vendor matrix
  • Technological and innovation landscape

Chapter 4:

Regional Landscape

Chapter 5:

Company Profile

  • Business Overview
  • Financial Data
  • Product Landscape
  • Strategic Outlook 

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