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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

 
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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.

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

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.

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

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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