Surgical instrument tracking is the process of keeping a record of surgical instruments and their usage during surgical procedures. This practice ensures that all instruments are sterilized before use and that none are accidentally left inside the patient’s body at the conclusion of the surgery. There are a number of methods used for instrument tracking, including barcoding, RFID tagging, and manual logging. Each method has its own advantages and disadvantages. Barcoding and RFID tagging offer automatic tracking capabilities, while manual logging requires more human intervention. According to the latest research, the global surgical instrument tracking market is poised to grow by USD 265.5 million during 2023-2029, progressing at a CAGR of 9.2% during the forecast period.

The report covers market size and growth, segmentation, regional breakdowns, competitive landscape, trends and strategies for global surgical instrument tracking market. It presents a quantitative analysis of the market to enable stakeholders to capitalize on the prevailing market opportunities. The report also identifies top segments for opportunities and strategies based on market trends and leading competitors’ approaches.

This industry report offers market estimates and forecasts of the global market, followed by a detailed analysis of the component, technology, end user, and region. The global market for surgical instrument tracking can be segmented by component: software, hardware, services. The hardware segment held the largest revenue share in 2022. Surgical instrument tracking market is further segmented by technology: barcode, radiofrequency identification (RFID). Among these, the RFID segment was accounted for the highest revenue generator in 2022. Based on end user, the surgical instrument tracking market is segmented into: ambulatory surgery centers (ASCs), hospitals, others. The hospitals segment captured the largest share of the market in 2022. On the basis of region, the surgical instrument tracking market also can be divided into: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America. According to the research, North America had the largest share in the global surgical instrument tracking market.

The hardware market is further segmented into readers, tags, others. Globally, the readers segment made up the largest share of the surgical instrument tracking market.

Market Segmentation
By component: software, hardware, services
By technology: barcode, radiofrequency identification (RFID)
By end user: ambulatory surgery centers (ASCs), hospitals, others
By region: North America, Europe, Asia-Pacific, MEA (Middle East and Africa), Latin America

The report has also analysed the competitive landscape of the global surgical instrument tracking market with some of the key players being Asanus Medizintechnik GmbH, B Braun Melsungen AG (Aesculap, Inc.), Becton, Dickinson and Company, Censis Technologies, Inc., FingerPrint Medical Ltd., Fortive Corporation, Getinge AB, Haldor Advanced Technologies Ltd., Intechnology Distribution PTY Ltd., Integra LifeSciences Holdings Corporation, Murata Manufacturing Co., Ltd., Promedical Inc dba Nutrace, Scanlan International, Inc., Spa Track Medical Limited, Stanley Black & Decker, Inc., Steris Corporation, Xerafy Singapore Pte. Ltd., Zebra Technologies Corporation, among others. In this report, key players and their strategies are thoroughly analyzed to understand the competitive outlook of the market.
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Scope of the Report
• To analyze and forecast the market size of the global surgical instrument tracking market.
• To classify and forecast the global surgical instrument tracking market based on component, technology, end user, region.
• To identify drivers and challenges for the global surgical instrument tracking market.
• To examine competitive developments such as mergers & acquisitions, agreements, collaborations and partnerships, etc., in the global surgical instrument tracking market.
• To identify and analyze the profile of leading players operating in the global surgical instrument tracking market.

Why Choose This Report
• Gain a reliable outlook of the global surgical instrument tracking market forecasts from 2023 to 2029 across scenarios.
• Identify growth segments for investment.
• Stay ahead of competitors through company profiles and market data.
• The market estimate for ease of analysis across scenarios in Excel format.
• Strategy consulting and research support for three months.
• Print authentication provided for the single-user license.