Global Surgical Instrument Tracking Devices Market

Focus on Product Type, Technology, End User, 10 Countries' Data, and Competitive Landscape - Analysis and Forecast, 2021-2031

Published Year: 2021
SKU: BHR1048SA

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Table of Contents

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1 Product Definition

Product Definition

2 Scope of Research Study

2.1    Key Questions Answered in the Report
2.2    Forecast Period Selection Criteria

3 Research Methodology

3.1    Primary Research
3.2    Secondary Research
3.3    Data Sources and Categorization
3.4    Market Estimation and Forecast Methodology
3.5    Data Triangulation

4 Industry Insights

4.1    Legal Regulations
         4.1.1    U.S.
         4.1.2    European Union (EU)
         4.1.3    China
         4.1.4    Japan
4.2    Business Model Analysis
4.3    Impact of COVID-19 on Global Surgical Instrument Tracking Devices Market
         4.3.1    Changes in Surgical Facilities
         4.3.2    COVID-19 Created an Elective Surgery Backlog
         4.3.3    Impact on Instrument Manufacturers

5 Competitive Landscape

5.1    Key Strategies and Developments
         5.1.1    Partnerships, Alliances, and Business Expansions
         5.1.2    Regulatory and Legal Activities
         5.1.3    Product Offerings and Upgradation
         5.1.4    Funding Activities
         5.1.5    Mergers and Acquisitions
5.2    Market Share Analysis
         5.2.1    Technology Type
         5.2.2    Product Type
         5.2.3    Region
5.3    Growth-Share Analysis
         5.3.1    Technology Type
         5.3.2    Product Type
         5.3.3    Region

6 Global Surgical Instrument Tracking Devices Market Scenario

6.1    Assumptions and Limitations
6.2    Key Findings
6.3    Potential Opportunities
         6.3.1    Rise in Incidence Cases of Retained Surgical Instruments
         6.3.2    Development and High Demand for Integration of IoT in Surgical Instrument Tracking Devices
6.4    Market Drivers
         6.4.1    Increasing Need for Inventory Management and Implementation of Unique Device Identification (UDI) Regulations by the FDA to Incite the Use of Surgical Instrument Tracking Devices
         6.4.2    Rising Number of Surgical Procedures Globally to Propel the Demand for Surgical Instrument Tracking Devices
         6.4.3    Availability of Technological Advanced Products to Offer More Features in Surgical Instrument Tracking Devices
         6.4.4    Factors like Time Pressure and Infection Faced by the Hospitals to Lead to the Rise in Demand for Surgical Instrument Tracking Devices
6.5    Market Restraints
         6.5.1    Technological Limitations
         6.5.2    Fall in Elective Surgeries Across the Globe During COVID-19 Pandemic to Impact the Market Negatively
6.6    Market Trends
         6.6.1    Rise in Demand for Active RFIDs
         6.6.2    Growth of Web-Based Services in Global Surgical Instrument Tracking Devices Market

7 Global Surgical Instrument Tracking Devices Market (by Technology)

7.1    Market Overview
7.2    Market Size and Forecast
         7.2.1    Barcode Systems
         7.2.2    Radio Frequency Identification Devices (RFID) Systems
         7.2.3    Internet of Things (IoT)

8 Global Surgical Instrument Tracking Devices Market (by Product Type)

8.1    Market Overview
         8.1.1    Hardware
         8.1.2    Software
         8.1.3    Services

9 Global Surgical Instrument Tracking Devices Market (by End User)

9.1    Market Overview
         9.1.1    Hospitals
         9.1.2    Ambulatory Surgical Centers (ASCs)
         9.1.3    Others

10 Global Surgical Instrument Tracking Devices Market (by Region)

10.1    Market Overview
10.2    North America
           10.2.1    Overview
           10.2.2    Market Size and Forecast
           10.2.3    Country
                         10.2.3.1    U.S.
                         10.2.3.2    Canada
10.3    Europe
           10.3.1    Overview
           10.3.2    Market Size and Forecast
           10.3.3    Country
                         10.3.3.1    Germany
                         10.3.3.2    U.K.
                         10.3.3.3    France
                         10.3.3.4    Italy
                         10.3.3.5    Spain
                         10.3.3.6    Rest-of-Europe
10.4    Asia-Pacific
           10.4.1    Market Overview
           10.4.2    Market Size and Forecast
           10.4.3    Country
                         10.4.3.1    Japan
                         10.4.3.2    China
                         10.4.3.3    Australia and New Zealand
                         10.4.3.4    Rest-of-Asia-Pacific
10.5    Rest-of-the-World
           10.5.1    Market Overview
           10.5.2    Market Size and Forecast

11 Company Profiles

11.1    Overview
11.2    Key Players: Market Snapshot
11.3    ASANUS Medizintechnik GmbH
          11.3.1    Company Overview
          11.3.2    Role of the Company
          11.3.3    Product Portfolio and Offerings
          11.3.4    SWOT Analysis
11.4    B. Braun Melsungen AG
          11.4.1    Company Overview
          11.4.2    Product Portfolio and Offerings
          11.4.3    Financials
          11.4.4    SWOT Analysis
11.5    Becton, Dickinson and Company
          11.5.1    Company Overview
          11.5.2    Role of the Company
          11.5.3    Product Portfolio and Offerings
          11.5.4    Financials
          11.5.5    SWOT Analysis
11.6    FingerPrint Medical Limited
          11.6.1    Company Overview
          11.6.2    Role of the Company
          11.6.3    Product Portfolio and Offerings
          11.6.4    SWOT Analysis
11.7    Fortive Corporation
          11.7.1    Company Overview
          11.7.2    Role of the Company
          11.7.3    Product Portfolio and Offerings
          11.7.4    Financials
          11.7.5    SWOT Analysis
11.8    Getinge AB
          11.8.1    Company Overview
          11.8.2    Role of the Company
          11.8.3    Product Portfolio and Offerings
          11.8.4    Financials
          11.8.5    SWOT Analysis
11.9    Haldor Advanced Technologies
          11.9.1    Company Overview
          11.9.2    Role of the Company
          11.9.3    Product Portfolio and Offerings
          11.9.4    SWOT Analysis
11.10    Integra Lifesciences Holding Corporation
             11.10.1    Company Overview
             11.10.2    Role of the Company
             11.10.3    Product Portfolio and Offerings
             11.10.4    Financials
             11.10.5    SWOT Analysis
11.11    Murata Manufacturing Co., Ltd
             11.11.1    Company Overview
             11.11.2    Role of the Company
             11.11.3    Product Portfolio and Offerings
             11.11.4    Financials
             11.11.5    SWOT Analysis
11.12    NuTrace
             11.12.1    Company Overview
             11.12.2    Role of the Company
             11.12.3    Product Portfolio and Offerings
             11.12.4    SWOT Analysis
11.13    Scanlan International
             11.13.1    Company Overview
             11.13.2    Role of the Company
             11.13.3    Product Portfolio and Offerings
             11.13.4    SWOT Analysis
11.14    SpaTrack Medical Limited
             11.14.1    Company Overview
             11.14.2    Role of the Company
             11.14.3    Product Portfolio and Offerings
             11.14.4    SWOT Analysis
11.15    Stanley Black & Decker, Inc.
             11.15.1    Company Overview
             11.15.2    Role of the Company
             11.15.3    Product Portfolio and Offerings
             11.15.4    Financials
             11.15.5    SWOT Analysis
11.16    Steris plc
             11.16.1    Company Overview
             11.16.2    Role of the Company
             11.16.3    Product Portfolio and Offerings
             11.16.4    Financials
             11.16.5    SWOT Analysis
11.17    Xerafy Singapore Pte Ltd.
             11.17.1    Company Overview
             11.17.2    Role of the Company
             11.17.3    Product Portfolio and Offerings
             11.17.4    SWOT Analysis

List of Tables

Table 1:    Impact of Market Drivers, 2021-2031
Table 2:    Impact of Market Restraints, 2021-2031
Table 11.1:    Key Market Players: Snapshot

List of Figures

Figure 1:    Global Surgical Instrument Tracking Devices Market Size and Forecast, $Million, 2020-2031
Figure 2:    Share of Key Developments and Strategies in the Global Surgical Instrument Tracking Devices market (by Category), January 2016-March 2021
Figure 3:    Global Surgical Instrument Tracking Devices Market (by Product Type), 2020 and 2031
Figure 4:    Global Surgical Instrument Tracking Devices Market (by Technology), 2020 and 2031
Figure 5:    Growth Analysis of Region-Specific Demand for Surgical Instrument Tracking Devices Market
Figure 3.1:    Research Methodology
Figure 3.2:    Primary Research
Figure 3.3:    Secondary Research
Figure 3.4:    Data Triangulation
Figure 3.5:    Bottom-Up Approach
Figure 4.1:    Regulatory Process for Medical Devices in the U.S.
Figure 4.2:    MDR Transitional Provisions (EU)
Figure 4.3:    Regulatory Process for Medical Devices in China
Figure 4.4:    Regulatory Process for Medical Devices in Japan
Figure 4.5:    Impact of COVID-19 on Global Surgical Instrument Tracking Devices Market
Figure 5.1:    Share of Key Developments and Strategies in the Global Surgical Instrument Tracking Devices Market (by Category), January 2016-March 2021
Figure 5.2:    Global Surgical Instrument Tracking Devices Market – Key Partnerships, Alliances, and Business Expansions, January 2016- March 2021
Figure 5.3:    Global Surgical Instrument Tracking Devices Market – Key Regulatory and Legal Activities, January 2016-March 2021
Figure 5.4:    Global Surgical Instrument Tracking Devices Market – Product Offerings and Upgradation, 2016-2021
Figure 5.5:    Global Surgical Instrument Tracking Devices Market Share of  Key Players, 2020
Figure 5.6:    Global Surgical Instrument Tracking Devices Market Share (by Technology), 2020
Figure 5.7:    Global Surgical Instrument Tracking Devices Market Share  (by Product), 2020
Figure 5.8:    Global Surgical Instrument Tracking Devices Market Share  (by Region), 2020
Figure 5.9:    Global Surgical Instrument Tracking Devices Growth-Share Matrix (by Technology Type), 2020-2031
Figure 5.10:    Global Surgical Instrument Tracking Devices Growth-Share Matrix (by Product Type), 2020-2031
Figure 5.11:    Global Surgical Instrument Tracking Devices Growth-Share Matrix (by Region), 2020-2031
Figure 7.1:    Global Surgical Instrument Tracking Devices Market Segmentation (by Technology Type)
Figure 7.2:    Benefits of Barcode Tracking System from End User’s Perspective
Figure 7.3:    Advantages of QR Code Tracking System
Figure 7.4:    Global Surgical Instrument Tracking Devices Market (Barcode Systems), $Million, 2020-2031
Figure 7.5:    Types of RFID Tags
Figure 7.6:    Global Surgical Instrument Tracking Devices Market (RFID Systems), $Million, 2020-2031
Figure 7.7:    Internet of Things (IoT) System
Figure 7.8:    Benefits of IoT System from End User’s Perspective
Figure 8.1:    Global Surgical Instrument Tracking Devices Market (by Product Type)
Figure 8.2:    Global Surgical Instrument Tracking Devices Market (Share by Product Type), $Million, 2020 and 2031
Figure 8.3:    Global Surgical Instrument Tracking Devices Market (Hardware), $Million, 2020-2031
Figure 8.4:    Global Surgical Instrument Tracking Devices Market (Software) $Million, 2020-2031
Figure 8.5:    Global Surgical Instrument Tracking Devices Market (Services) $Million, 2020-2031
Figure 9.1:    Global Surgical Instrument Tracking Devices Market (by End User)
Figure 9.2:    Global Surgical Instrument Tracking Devices Market (Share by End User), $Million, 2020 and 2031
Figure 9.3:    Global Surgical instrument tracking devices market (Hospitals), $Million, 2020-2031
Figure 9.4:    Global Surgical Instrument Tracking Devices Market (Ambulatory Surgical Centers (ASCs), $Million, 2020-2031
Figure 9.5:    Global Surgical Instrument Tracking Devices Market (Others), $Million, 2020-2031
Figure 10.1:    Global Surgical Instrument Tracking Devices Market (by Region), $Million, 2020 and 2031
Figure 10.2:    North America Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.3:    North America Surgical instrument tracking devices market (by Country), $Million, 2020-2031
Figure 10.4:    U.S. Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.5:    Canada Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.6:    Europe Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.7:    Europe Surgical Instrument Tracking Devices Market (by Country), $Million, 2020-2031
Figure 10.8:    Germany Surgical Instrument Tracking Devices Market, $Million,  2020-2031
Figure 10.9:    U.K. Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.10:    France Surgical Instrument Tracking Devices Market, $Million,  2020-2031
Figure 10.11:    Italy Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.12:    Spain Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.13:    Rest-of-Europe Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.14:    Asia-Pacific Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.15:    Asia-Pacific Surgical Instrument Tracking Devices Market (by Country), $Million, 2020-2031
Figure 10.16:    Japan Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.17:    China Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.18:    Australia and New Zealand Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.19:    Rest-of-Asia-Pacific Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 10.20:    Rest-of-the-World Surgical Instrument Tracking Devices Market, $Million, 2020-2031
Figure 11.1:    Share of the Companies Profiled (by Ownership Type)
Figure 11.2:    B. Braun Melsungen AG: Overall Financials, $Million, 2018-2020
Figure 11.3:    B. Braun Melsungen AG: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.4:    B. Braun Melsungen AG: Net Revenue (by Region), $Million, 2018-2020
Figure 11.5:    B. Braun Melsungen AG: R&D Expenditure, $Million, 2018-2020
Figure 11.6:    Becton, Dickinson and Company: Overall Financials, $Million, 2018-2020
Figure 11.7:    Becton, Dickinson and Company: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.8:    Becton, Dickinson and Company: Net Revenue (by Region), $Million, 2018-2020
Figure 11.9:    Becton, Dickinson and Company: R&D Expenditure, $Million, 2018-2020
Figure 11.10:    Fortive Corporation: Overall Financials, $Million, 2018-2020
Figure 11.11:    Fortive Corporation: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.12:    Fortive Corporation: Net Revenue (by Region), $Million, 2018-2020
Figure 11.13:    Fortive Corporation: R&D Expenditure, $Million, 2018-2020
Figure 11.14:    Getinge AB: Overall Financials, $Million, 2018-2020
Figure 11.15:    Getinge AB: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.16:    Getinge AB: Net Revenue (by Region), $Million, 2018-2020
Figure 11.17:    Getinge AB: R&D Expenditure, $Million, 2018-2020
Figure 11.18:    Integra LifeSciences Holdings Corporation: Overall Financials, $Million, 2018-2020
Figure 11.19:    Integra LifeSciences Holdings Corporation: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.20:    Integra LifeSciences Holdings Corporation: Net Revenue (by Region), $Million, 2018-2020
Figure 11.21:    Integra LifeSciences Holdings Corporation:  R&D Expenditure, $Million, 2018-2020
Figure 11.22:    Murata Manufacturing Co., Ltd: Overall Financials $Million, 2018-2020
Figure 11.23:    Murata Manufacturing Co., Ltd: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.24:    Murata Manufacturing Co., Ltd: Net Revenue (by Region), $Million, 2018-2020
Figure 11.25:    Murata Manufacturing Co., Ltd: R&D Expenditure, $Million, 2018-2020
Figure 11.26:    Stanley Black & Decker, Inc.: Overall Financials, $Million, 2018-2020
Figure 11.27:    Stanley Black & Decker, Inc.: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.28:    Stanley Black & Decker, Inc.: Net Revenue (by Region), $Million,  2018-2020
Figure 11.29:    Stanley Black & Decker, Inc.: R&D Expenditure, $Million, 2018-2020
Figure 11.30:    Steris Plc.: Overall Financials, $Million, 2018-2020
Figure 11.31:    Steris plc.: Net Revenue (by Segment), $Million, 2018-2020
Figure 11.32:    Steris Plc.: Net Revenue (by Region), $Million, 2018-2020
Figure 11.33:    Steris plc.: R&D Expenditure, $Million, 2018-2020

FAQ's

Q. What is the estimated growth rate of global surgical instrument tracking devices market in the coming years?

The global surgical instrument tracking devices market was estimated at $354.3 Million in 2020 and is expected to grow at a CAGR of 9.2% during the forecast period from 2021-2031.

Q. What are the possible technologies studied under the global surgical instrument tracking devices market?

Technologies studied under the surgical instruments tracking include Barcode and Radio Frequency Identification Device (RFID).

Q. What are factors driving the growth of global surgical instrument tracking devices market

Factors driving the growth of the market include Increasing need for inventory management and implementation of Unique Device Identification (UDI) regulations by the FDA inciting the use of surgical instrument tracking devices, Rising number of surgical procedures globally propels the demand for surgical instrument tracking devices, Availability of technologically advanced products offering more features in tracking devices, and factors like time pressure and infection faced by the hospital lead to a rise in demand for surgical instrument tracking devices.

Q. Which end-users stand to gain from the data gathered from global surgical instrument tracking devices market?

These end-users include hospitals, ambulatory surgical centers (ASCs), and others.

Q. Which are the top market players operating in the global surgical instrument tracking devices market?

Companies operating in the market include ASANUS Medizintecknik GmbH, B Braun Melsungen AG, Becton, Dickinson and Company, FingerPrint Medical Limited, Fortive Corporation, Getinge AB, Haldor Advanced Technologies, Integra LifeSciences Holdings Corporation, Murata Manufacturing Co., Ltd., NuTrace, Scanlan International, SpaTrack Medical Limited, Stanley Black & Decker, Inc., Steris plc. and Xerafy Singapore Pte Ltd.

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Global Surgical Instrument Tracking Devices Market

Focus on Product Type, Technology, End User, 10 Countries' Data, and Competitive Landscape - Analysis and Forecast, 2021-2031