Surgical Instrument Tracking System Market: Global Market Size, Industry Growth, Future Prospects, Opportunities and Forecast 2019-2025

The global surgical instrument tracking system market is significantly growing due to various key factors, such as increasing incidence of retained surgical instrument cases, and rapid need for surgical instrument inventory management. The global surgical instrument tracking system market is growing significantly owing to the cohesive government regulations such as impact of the UDI (Unique Device Identification) and increasing need for inventory management. There are significant complications that occurred in the inpatient surgical procedures due to improvement in surgical quality are flourishing the surgical instrument tracking system. 

The surgical instrument tracking system is very effective tool for healthcare sector to access any instrument or device and is considered as time saving, which in turn, is driving the growth of the global market. Furthermore, the increasing adoption of medical devices tracking products and devices through public and private hospitals is considered a major factor attributing to the growing market. There are various challenges involved with the surgeries and instruments, including inventory management and tracking the instruments and medical devices post-surgery and sterilization procedures that are faced through the hospitals. Thus, the need for tracking systems for medical devices is anticipated to grow the growth of the market.   

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The increasing adoption of technological advancement in software is flourishing the growth of the market. This includes tracking software devices that enables inventory and surgical instruments management. For instance, in 2018, Becton, Dickinson, and Co. launched an IMPRESS instrument, management software that enables to delivers the information to people, and processes with different levels of functionality to meet the needs of the customers. Thus, this technology advancement is useful for managing the tracking system that contributes to driving the growth of the global surgical instrument tracking system. 

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Further, the barcode technology is used for tracking system and increasing the adoption of barcode technology in the medical devices industry. Hence, the need for advanced technologies, including radio-frequency identification (RFID) and 2D barcodes are increasingly used to track the instruments used in the healthcare sector that is expected to boost the demand for surgical instrument tracking system. Furthermore, an automated system for surgical instrument and sponge tracking (ASSIST) is used in the healthcare sector that increases the safety of surgical procedures. ASSIST utilizes the RFID technology that enables to aid all the items used during surgery. 

Global Surgical Instrument Tracking System Market- Segmentation

By Technology

• Bar Code Scanning
• Radio-Frequency Identification (RFID)

By Component

• Software
• Hardware
• Services

By Vertical

• Hospitals
• Ambulatory Surgical Centers

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Global Surgical Instrument Tracking Market– Segment by Region 

North America           

• US
• Canada

Europe

• Germany
• UK
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific    

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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Source: Surgical Instrument Tracking Market