Surgical Instrument Tracking Systems 2018: Worldwide Market Outlook to 2024 - Rising Number of Surgeries Across the Globe is Driving Growth

News provided by

Jul 13, 2018, 09:03 ET

DUBLIN, July 13, 2018 /PRNewswire/ --

The "Global Surgical Instrument Tracking Systems Market - Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.

Global surgical instrument tracking systems market is expected to rise with a CAGR of 17.5% over the forecast period (2017-2024).

Rising number of surgeries across the globe and increasing incidences of retained surgical instrument are the factors propelling the global surgical instrument tracking systems market. In addition, rising need for inventory management & better patient care along with Unique Device Identification (UDI) regulations by Food & Drug Administration are also propelling the global surgical instrument tracking systems market.

However, the market growth is impeded by several factors that include high system costs and budgetary limitations. Major challenge affecting the growth of global surgical instrument tracking systems include unreliability of the barcode system.

However, the market has immense opportunities that could cope up with the challenge over the forecast period (2017-2024). The opportunities include rising adoption of RFID in medical sector along with continuous research and technological advancements.

Global surgical instrument tracking systems market report includes three major segments that are technology, component and end user. Further, these segments are bifurcated into various sub segments.

On the basis of technology, barcodes and RFID are the sub segments. RFID technology is expected to witness the fastest growth rate over the forecast period (2017-2024).

Also, the component segment has been further divided into three sub segments that are hardware, software and services.

The end user segment also covers two major segments that are hospitals and others. Hospitals are accounted to be the dominant segment in 2017 in terms of revenue under the surgical instrument tracking systems market.

Global surgical instrument tracking systems market report has been geographically segmented in North America, Asia Pacific, Europe and Rest of world.

North America dominated the surgical instrument tracking systems market in 2017 in terms of revenue. Unique Device Identification (UDI) system by the U.S. Food and Drug Administration and rising healthcare expenditure are the major reasons behind the dominance of North America surgical instrument tracking systems market.

However, Asia Pacific is expected to be the fastest growing region over the forecast period (2017-2024). High observation of medical tourism coupled with evolving healthcare infrastructure are the factors governing fastest growth rate of Asia Pacific.

Key players of global surgical instrument tracking systems market are Censis Technologies, Inc. (U.S.), Getinge Group (Sweden), B. Braun Melsungen AG (Germany), Vizbee Rfid Solutions (France), Becton, Dickinson and Company (U.S.) and others. Partnership is the key strategy adopted by the companies in the surgical instrument tracking systems market.

Key Topics Covered

1.Introduction
1.1.Executive Summary
1.2.Estimation Methodology

2.Market Overview
2.1.Global Surgical Instrument Tracking Systems Market: Evolution & Transition
2.2.Market Definition & Scope
2.3.Industry Structure
2.4.Regulatory Framework
2.5.Total Market Analysis
2.5.1.Top 5 Findings
2.5.2.Top 5 Opportunity Markets
2.5.3.Top 5 Companies
2.5.4.Top 3 Competitive Strategies
2.6.Estimation Analysis
2.7.Strategic Analysis
2.7.1.Investment Vs. Adoption Model
2.7.2.360 Degree Industry Analysis
2.7.3.Porters 5 Force Model
2.7.4.See-Saw Analysis
2.7.5.Consumer Analysis And Key Buying Criteria
2.8.Competitive Analysis
2.8.1.Key Strategies & Analysis
2.8.2.Market Share Analysis & Top Company Analysis
2.9.Strategic Recommendations & Key Conclusions
2.9.1.Investment Opportunities By Regions
2.9.2.Opportunities In Emerging Applications
2.9.3.Investment Opportunity In Fastest Growing Segment

3.Market Determinants
3.1.Market Drivers
3.1.1.UDI (Unique Device Identification) Regulations By Fda
3.1.2.Rising Need For Inventory Management And Better Patient Care
3.1.3.Increasing Incidences Of Retained Surgical Instrument Cases
3.1.4.Rising Number Of Surgeries Across The Globe
3.2.Market Restraints
3.2.1.High System Costs
3.2.2.Budgetary Limitations
3.3.Market Opportunities
3.3.1.Rising Adoption Of Rfid In Medical Sector
3.3.2.Continuous Research And Technological Advancements
3.4. Market Challenges
3.4.1.Unreliability Of The Barcode System

4.Global Surgical Instrument Tracking Systems Market By Technology
4.1.1.Market Definition And Scope
4.1.2.Decision Support Database & Estimation Methodology
4.1.3.Comparative Analysis Across Market Segments
4.1.4. Opportunity Matrix
4.1.5.Market Segmentation
4.1.5.1.Global Barcodes Market
4.1.5.1.1.Adoption Scenario & Market Determinants
4.1.5.1.2.Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.1.3.Key Players & Key Products
4.1.5.1.4.Key Conclusions
4.1.5.2.Global Rfid Market
4.1.5.2.1.Adoption Scenario & Market Determinants
4.1.5.2.2.Market Estimations And Forecasts 2015-2024 ($ Million)
4.1.5.2.3.Key Players & Key Products
4.1.5.2.4.Key Conclusions

5.Global Surgical Instrument Tracking Systems Market By Component
5.1.1.Market Definition And Scope
5.1.2.Decision Support Database & Estimation Methodology
5.1.3.Comparative Analysis Across Market Segments
5.1.4. Opportunity Matrix
5.1.5.Market Segmentation
5.1.5.1.Global Hardware Market
5.1.5.1.1.Adoption Scenario & Market Determinants
5.1.5.1.2.Market Estimations And Forecasts 2015-2024 ($ Million)
5.1.5.1.3.Key Players & Key Products
5.1.5.1.4.Key Conclusions
5.1.5.2.Global Software Market
5.1.5.2.1.Adoption Scenario & Market Determinants
5.1.5.2.2.Market Estimations And Forecasts 2015-2024 ($ Million)
5.1.5.2.3.Key Players & Key Products
5.1.5.2.4.Key Conclusions
5.1.5.3.Global Services Market
5.1.5.3.1.Adoption Scenario & Market Determinants
5.1.5.3.2.Market Estimations And Forecasts 2015-2024 ($ Million)
5.1.5.3.3.Key Players & Key Products
5.1.5.3.4.Key Conclusions

6.Global Surgical Instrument Tracking Systems Market By End-User
6.1.1.Market Definition And Scope
6.1.2.Decision Support Database & Estimation Methodology
6.1.3.Comparative Analysis Across Market Segments
6.1.4. Opportunity Matrix
6.1.5.Market Segmentation
6.1.5.1.Global Hospitals Market
6.1.5.1.1.Adoption Scenario & Market Determinants
6.1.5.1.2.Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.1.3.Key Players & Key Products
6.1.5.1.4.Key Conclusions
6.1.5.2.Global Others Market
6.1.5.2.1.Adoption Scenario & Market Determinants
6.1.5.2.2.Market Estimations And Forecasts 2015-2024 ($ Million)
6.1.5.2.3.Key Players & Key Products
6.1.5.2.4.Key Conclusions

7.Competitive Landscape
7.1.Key Strategies
7.1.1.List Of Merger & Acquisition
7.1.2.List Of Joint Venture
7.1.3.List Of Product Launches
7.1.4.List Of Partnership
7.2.Key 10 Company Analysis

8.Geographic Analysis
8.1.Decision Support Database & Estimation Methodology
8.2.Comparative Analysis Across Market Segments
8.3.Opportunity Matrix
8.4. Global Surgical Instrument Tracking Systems Market By Region 2015-2024
8.4.1.North America
8.4.1.1.Industry Analysis 2015-2024 ($ Million)
8.4.1.2.Key Country Analysis
8.4.1.2.1.U.S.
8.4.1.2.1.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.1.2.1.2.Key Players & Key Products
8.4.1.2.1.3.Key Conclusions
8.4.1.2.2.Canada
8.4.1.2.2.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.1.2.2.2.Key Players & Key Products
8.4.1.2.2.3.Key Conclusions
8.4.2.Europe
8.4.2.1.Industry Analysis 2015-2024 ($ Million)
8.4.2.2.Key Country Analysis
8.4.2.2.1.UK
8.4.2.2.1.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.1.2.Key Players & Key Products
8.4.2.2.1.3.Key Conclusions
8.4.2.2.2.France
8.4.2.2.2.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.2.2.Key Players & Key Products
8.4.2.2.2.3.Key Conclusions
8.4.2.2.3.Germany
8.4.2.2.3.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.3.2.Key Players & Key Products
8.4.2.2.3.3.Key Conclusions
8.4.2.2.4.Spain
8.4.2.2.4.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.4.2.Key Players & Key Products
8.4.2.2.4.3.Key Conclusions
8.4.2.2.5.Rest Of Europe
8.4.2.2.5.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.2.2.5.2.Key Players & Key Products
8.4.2.2.5.3.Key Conclusions
8.4.3.Asia Pacific
8.4.3.1.Industry Analysis 2015-2024 ($ Million)
8.4.3.2.Key Country Analysis
8.4.3.2.1.China
8.4.3.2.1.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.1.2.Key Players & Key Products
8.4.3.2.1.3.Key Conclusions
8.4.3.2.2.India
8.4.3.2.2.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.2.2.Key Players & Key Products
8.4.3.2.2.3.Key Conclusions
8.4.3.2.3.Japan
8.4.3.2.3.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.3.2.Key Players & Key Products
8.4.3.2.3.3.Key Conclusions
8.4.3.2.4.Australia
8.4.3.2.4.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.4.2.Key Players & Key Products
8.4.3.2.4.3.Key Conclusions
8.4.3.2.5.Rest Of Asia Pacific
8.4.3.2.5.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.3.2.5.2.Key Players & Key Products
8.4.3.2.5.3.Key Conclusions
8.4.4.Row
8.4.4.1.Industry Analysis 2015-2024 ($ Million)
8.4.4.2.Key Country Analysis
8.4.4.2.1.Latin America
8.4.4.2.1.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.4.2.1.2.Key Players & Key Products
8.4.4.2.1.3.Key Conclusions
8.4.4.2.2.Middle East & Africa
8.4.4.2.2.1.Market Estimations And Forecasts 2015-2024 ($ Million)
8.4.4.2.2.2.Key Players & Key Products
8.4.4.2.2.3.Key Conclusions

9.Company Profiles
9.1.Applied Logic, Inc. (U.S.)
9.1.1.Overview
9.1.2.Product Portfolio
9.1.3.Strategic Initiatives
9.1.4.Scot Analysis
9.1.5.Strategic Analysis
9.2.B. Braun Melsungen AG (Germany)
9.2.1.Overview
9.2.2.Product Portfolio
9.2.3.Strategic Initiatives
9.2.4.Scot Analysis
9.2.5.Strategic Analysis
9.3.Becton, Dickinson And Company (U.S.)
9.3.1.Overview
9.3.2.Product Portfolio
9.3.3.Strategic Initiatives
9.3.4.Scot Analysis
9.3.5.Strategic Analysis
9.4.Censis Technologies, Inc. (U.S.)
9.4.1.Overview
9.4.2.Product Portfolio
9.4.3.Strategic Initiatives
9.4.4.Scot Analysis
9.4.5.Strategic Analysis
9.5.Fingerprint Medical Ltd. (England)
9.5.1.Overview
9.5.2.Product Portfolio
9.5.3.Strategic Initiatives
9.5.4.Scot Analysis
9.5.5.Strategic Analysis
9.6.Getinge Group (Sweden)
9.6.1.Overview
9.6.2.Product Portfolio
9.6.3.Strategic Initiatives
9.6.4.Scot Analysis
9.6.5.Strategic Analysis
9.7.Haldor Advanced Technologies. Ltd. (U.S.)
9.7.1.Overview
9.7.2.Product Portfolio
9.7.3.Strategic Initiatives
9.7.4.Scot Analysis
9.7.5.Strategic Analysis
9.8.Infor (U.S.)
9.8.1.Overview
9.8.2.Product Portfolio
9.8.3.Strategic Initiatives
9.8.4.Scot Analysis
9.8.5.Strategic Analysis
9.9. Intelligent Insites, Inc. (U.S.)
9.9.1.Overview
9.9.2.Product Portfolio
9.9.3.Strategic Initiatives
9.9.4.Scot Analysis
9.9.5.Strategic Analysis
9.10.Key Surgical, Inc. (U.S.)
9.10.1.Overview
9.10.2.Product Portfolio
9.10.3.Strategic Initiatives
9.10.4.Scot Analysis
9.10.5.Strategic Analysis
9.11.Materials Management Microsystems, Inc (U.S.)
9.11.1.Overview
9.11.2.Product Portfolio
9.11.3.Strategic Initiatives
9.11.4.Scot Analysis
9.11.5.Strategic Analysis
9.12.Mobile Aspects, Inc. (U.S.)
9.12.1.Overview
9.12.2.Product Portfolio
9.12.3.Strategic Initiatives
9.12.4.Scot Analysis
9.12.5.Strategic Analysis
9.13.TGX Medical Systems (U.S.)
9.13.1.Overview
9.13.2.Product Portfolio
9.13.3.Strategic Initiatives
9.13.4.Scot Analysis
9.13.5.Strategic Analysis
9.14.Vizbee RFID Solutions (France)
9.14.1.Overview
9.14.2.Product Portfolio
9.14.3.Strategic Initiatives
9.14.4.Scot Analysis
9.14.5.Strategic Analysis
9.15.Xerafy (Hong Kong)
9.15.1.Overview
9.15.2.Product Portfolio
9.15.3.Strategic Initiatives
9.15.4.Scot Analysis
9.15.5.Strategic Analysis

For more information about this report visit https://www.researchandmarkets.com/research/q9dftm/surgical?w=5

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets