Surgical Instrument Tracking System Market Research Report—Forecast till 2025

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the Global Surgical Instrument Tracking System Market is anticipated to witness a substantial CAGR of 15.07% during the forecast period of 2020 to 2027. The surgical tracking systems help healthcare professionals to advance time-saving tools to achieve efficient and time-saving methods and improved performance.

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Surgical Instrument Tracking System Market Research Report—Forecast till 2025

Market dynamics
the Global Surgical Instrument Tracking System Market is anticipated to witness a substantial CAGR of 15.07% during the forecast period of 2020 to 2027. The surgical tracking systems help healthcare professionals to advance time-saving tools to achieve efficient and time-saving methods and improved performance. The surgical systems provide many benefits such as streamline the workflow, regulate the costs, and reduce waste as well as for effective inventory management.
The global surgical instrument tracking systems market is expected to register a healthy market growth owing to the highest market value of USD 186.85 Million in 2019. The global market growth is driven by the increasing adoption rate of the surgical instrument tracking systems by hospitals, technological advancements in the surgical instrument tracking system market, and the rising number of surgical procedures globally. Besides, the major players operating in the surgical instrument tracking system market are concentrating on the acquisition of companies with similar products to expand their product portfolio and maintain a global footprint.
Market Segmentation
Global Surgical Instrument Tracking System Market has been classified into Components, Technology, and End-Use.
Based on the component segment the global market components have been classified into hardware, software, and services. The hardware segment is further segmented into readers, tags, and others.
In terms of the technology segment, the market has been classified into barcode tracking and radio frequency identification. Based on end-use, the global surgical instrument tracking system market has been divided into hospitals and others.
Regional Analysis
Geographically, the Global Surgical Instrument Tracking System Market has been classified into the Americas, Europe, Asia-Pacific, and the Middle East & Africa.
The Americas is expected to lead the global surgical instrument tracking system market owing to the largest market share of 45.9% in 2019. The regional market is driven by the awareness about inventory management and better care for patients, the need to cut healthcare costs, the highly developed healthcare infrastructure, and the availability of advanced products.
Europe held a substantial share in the global surgical instrument tracking system market owing to the increasing demand for surgical treatment, improving economies, high disposable income per individual, and increased healthcare spending. However, the presence of highly developed healthcare infrastructure and the rapid adoption of advanced technology and products are propelling the regional market.
The global surgical tracking System market in the Asia-Pacific region is expected to register the fastest growing market due to the increasing geriatric population, rising number of patients suffering from oncological problems, and the growing per capita income along with increasing availability of products from leading players
Major Players
The Key Players in the Global Surgical Instrument Tracking System Market include Getinge AB (Sweden), Becton, Dickinson, and Company (US), Fortive Corporation (US), B. Braun Melsungen AG (Germany), Steris PLC (Ireland), Stanley Black & Decker, Inc. (US), Material Management Microsystems (US), Key Surgical (US), Haldor Advanced Technologies (US), and TGX Medical Systems (US).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.

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Table of Contents

TABLE OF CONTENT
1 EXECUTIVE SUMMARY
1.1 OVERVIEW 14

1.1.1 MARKET SYNOPSIS 14

2 MARKET INTRODUCTION
2.1 SCOPE OF THE STUDY 15

2.2 RESEARCH OBJECTIVE 15

2.3 LIST OF ASSUMPTIONS 16

3 RESEARCH METHODOLOGY
3.1.1 OVERVIEW 17

3.2 DATA MINING 17

3.3 SECONDARY RESEARCH 18

3.4 PRIMARY RESEARCH 19

3.4.1 PRIMARY INTERVIEWS AND INFORMATION GATHERING PROCESS 19

3.4.2 BREAKDOWN OF PRIMARY RESPONDENTS 20

3.5 FORECASTING TECHNIQUES 20

3.6 RESEARCH METHODOLOGY FOR MARKET SIZE ESTIMATION 21

3.6.1 BOTTOM-UP APPROACH 22

3.6.2 TOP-DOWN APPROACH 22

3.7 DATA TRIANGULATION 23

3.8 VALIDATION 23

4 MARKET DYNAMICS
4.1 OVERVIEW 24

4.2 DRIVERS 25

4.2.1 HIGH RATE OF ADOPTION OF THE SURGICAL INSTRUMENT TRACKING SYSTEMS BY HOSPITALS 25

4.2.2 TECHNOLOGICAL ADVANCEMENTS IN SURGICAL INSTRUMENT TRACKING SYSTEM 25

4.2.3 GROWING NUMBER OF SURGICAL PROCEDURES 25

4.3 RESTRAINTS 26

4.3.1 HIGH COST ASSOCIATED WITH IMPLEMENTATION OF SURGICAL INSTRUMENT TRACKING SYSTEM 26

4.4 OPPORTUNITIES 27

4.4.1 ENTERING DEVELOPING MARKETS 27

5 MARKET FACTOR ANALYSIS
5.1 PORTER’S FIVE FORCES MODEL 28

5.1.1 THREAT OF NEW ENTRANTS 29

5.1.2 BARGAINING POWER OF SUPPLIERS 29

5.1.3 THREAT OF SUBSTITUTES 29

5.1.4 BARGAINING POWER OF BUYERS 29

5.1.5 INTENSITY OF RIVALRY 29

5.2 VALUE CHAIN ANALYSIS 30

5.2.1 INPUTS 30

5.2.2 SOFTWARE DEVELOPMENT PROCESSES 30

5.2.3 OUTPUT 31

5.2.4 MARKETING AND DISTRIBUTION 31

5.2.5 POST SELLING SERVICES 31

5.3 COVID-19 IMPACT ANALYSIS 31

5.3.1 IMPACT ON DEMAND 31

5.3.2 IMPACT ON SUPPLY 31

5.3.3 IMPACT ON MARKET PLAYER 32

6 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY COMPONENT
6.1 OVERVIEW 33

6.2 HARDWARE 34

6.3 SOFTWARE 35

6.4 SERVICES 35

7 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY TECHNOLOGY
7.1 OVERVIEW 36

7.2 BARCODE 37

7.3 RFID 37

8 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY END USE
8.1 OVERVIEW 38

8.2 HOSPITALS 39

8.3 OTHERS 39

9 GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEMS MARKET, BY REGION
9.1 OVERVIEW 40

9.2 AMERICAS 41

9.2.1 NORTH AMERICA 43

9.2.1.1 US 46

9.2.1.2 CANADA 47

9.2.2 LATIN AMERICA 48

9.3 EUROPE 50

9.3.1 WESTERN EUROPE 52

9.3.1.1 GERMANY 55

9.3.1.2 FRANCE 56

9.3.1.3 UK 58

9.3.1.4 ITALY 59

9.3.1.5 SPAIN 60

9.3.1.6 REST OF WESTERN EUROPE 62

9.3.2 EASTERN EUROPE 63

9.4 ASIA-PACIFIC 65

9.4.1 JAPAN 67

9.4.2 CHINA 69

9.4.3 INDIA 70

9.4.4 AUSTRALIA 71

9.4.5 SOUTH KOREA 73

9.4.6 REST OF ASIA-PACIFIC 74

9.5 MIDDLE EAST & AFRICA 76

9.5.1 MIDDLE EAST 78

9.5.2 AFRICA 80

10 COMPETITIVE LANDSCAPE
10.1 OVERVIEW 82

10.2 MAJOR PLAYERS IN THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 82

10.3 COMPETITIVE BENCHMARKING 83

10.4 COMPETITOR DASHBOARD 84

10.5 MAJOR GROWTH STRATEGIES IN THE GLOBAL SURGICAL INSTRUMENT TRACKING SYSTEM MARKET 85

10.6 KEY DEVELOPMENTS & GROWTH STRATEGIES 85

10.6.1 ACQUISITION 85

10.6.2 EXPANSION 85

11 COMPANY PROFILES
11.1 GETINGE AB 86

11.1.1 COMPANY OVERVIEW 86

11.1.2 FINANCIAL OVERVIEW 87

11.1.3 PRODUCTS/SERVICES OFFERED 87

11.1.4 KEY DEVELOPMENTS 88

11.1.5 SWOT ANALYSIS 88

11.1.6 KEY STRATEGIES 88

11.2 BECTON, DICKINSON AND COMPANY 89

11.2.1 COMPANY OVERVIEW 89

11.2.2 FINANCIAL OVERVIEW 89

11.2.3 PRODUCTS/SERVICES OFFERED 90

11.2.4 KEY DEVELOPMENTS 90

11.2.5 SWOT ANALYSIS 90

11.2.6 KEY STRATEGIES 90

11.3 FORTIVE CORPORATION 91

11.3.1 COMPANY OVERVIEW 91

11.3.2 FINANCIAL OVERVIEW 92

11.3.3 PRODUCTS/SERVICES OFFERED 92

11.3.4 KEY DEVELOPMENTS 93

11.3.5 SWOT ANALYSIS 93

11.3.6 KEY STRATEGIES 93

11.4 B. BRAUN MELSUNGEN AG 94

11.4.1 COMPANY OVERVIEW 94

11.4.2 FINANCIAL OVERVIEW 94

11.4.3 PRODUCTS/SERVICES OFFERED 95

11.4.4 KEY DEVELOPMENTS 95

11.4.5 SWOT ANALYSIS 95

11.4.6 KEY STRATEGIES 96

11.5 STERIS PLC 97

11.5.1 COMPANY OVERVIEW 97

11.5.2 FINANCIAL OVERVIEW 97

11.5.3 PRODUCTS/SERVICES OFFERED 98

11.5.4 KEY DEVELOPMENTS 98

11.5.5 SWOT ANALYSIS 98

11.5.6 KEY STRATEGIES 98

11.6 STANLEY BLACK & DECKER, INC. (STANLEY HEALTHCARE) 99

11.6.1 COMPANY OVERVIEW 99

11.6.2 FINANCIAL OVERVIEW 99

11.6.3 PRODUCTS/SERVICES OFFERED 100

11.6.4 KEY DEVELOPMENTS 100

11.6.5 SWOT ANALYSIS 100

11.6.6 KEY STRATEGIES 100

11.7 MATERIAL MANAGEMENT MICROSYSTEMS 101

11.7.1 COMPANY OVERVIEW 101

11.7.2 FINANCIAL OVERVIEW 101

11.7.3 PRODUCTS/SERVICES OFFERED 101

11.7.4 KEY DEVELOPMENTS 101

11.7.5 SWOT ANALYSIS 102

11.7.6 KEY STRATEGIES 102

11.8 KEY SURGICAL 103

11.8.1 COMPANY OVERVIEW 103

11.8.2 FINANCIAL OVERVIEW 103

11.8.3 PRODUCTS/SERVICES OFFERED 103

11.8.4 KEY DEVELOPMENTS 103

11.8.5 SWOT ANALYSIS 104

11.8.6 KEY STRATEGIES 104

11.9 HALDOR ADVANCED TECHNOLOGIES 105

11.9.1 COMPANY OVERVIEW 105

11.9.2 FINANCIAL OVERVIEW 105

11.9.3 PRODUCTS/SERVICES OFFERED 105

11.9.4 KEY DEVELOPMENTS 105

11.9.5 SWOT ANALYSIS 106

11.9.6 KEY STRATEGIES 106

11.10 TGX MEDICAL SYSTEMS 107

11.10.1 COMPANY OVERVIEW 107

11.10.2 FINANCIAL OVERVIEW 107

11.10.3 PRODUCTS/SERVICES OFFERED 107

11.10.4 KEY DEVELOPMENTS 107

11.10.5 SWOT ANALYSIS 108

11.10.6 KEY STRATEGIES 108

12 APPENDIX
12.1 REFERENCES 109

12.2 RELATED REPORTS 109