The Surgical Instrument Tracking System Market size is expected to grow from USD 230.2 Million in 2022 to USD 746.9 Million by 2030, at a CAGR of 15.9 % during the forecast period.
An institution's tray-level instrument inventory management can be enhanced with the use of a surgical tool tracking system, which replaces paper trails and manual recording. RFID Discovery helps enhance asset management, auditing, and usage by providing real-time location data on surgical instruments and endoscopes. By helping with inventory management and automating tracking at particular points of service, like assembly, distribution, sterile processing, and others, an instrument tracking system enhances surgical care safety and operational efficiency. When the maximum number of cycles is reached, the device stops functioning and provides users with precise cycle counts obtained by an instrument. Patient safety is increased and user discretion and manual cycle counts are eliminated entirely.
Top Key Players Covered In The Surgical Instrument Tracking System Market
Xerafy Singapore Pte Ltd. (Singapore), B. Braun Melsungen AG (Germany), Ternio Group LLC (US), FingerPrint Medical Limited (UK), Integra LifeSciences Holdings Corporation (US), SpaTrack Medical Limited (UK), Getinge AB (Sweden), Material Management Microsystems (US), Fortive Corporation (US), BD (US), and Other Major Players
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Segmentation Analysis of the Surgical Instrument Tracking System Market
By Components
- Hardware
- Software
- Services
By Technology
- Barcodes
- RFID
By End Users
- Hospitals
- Ambulatory Surgical Centers
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Emerging Technologies in Surgical Instrument Tracking System
With the use of RFID technology, surgical instruments can be accurately identified, their whereabouts can be tracked, and sterilization operations can be monitored in real-time and automatically throughout their lifecycle. By reducing human error and guaranteeing instrument availability, this enhances surgical workflows. The SITS market is expanding due in large part to the Internet of Things (IoT), which improves connectivity between surgical instruments and a centralized management system. This allows for better inventory management, resource allocation, and maintenance schedules, as well as insightful usage patterns and useful usage insights.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Target Audience of the Global Surgical Instrument Tracking System Market in Market Study:
- Key Consulting Companies & Advisors
- Key manufacturers
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers
- Third-party knowledge providers
- Investment bankers
- Investors
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