Surgical Instrument Tracking System Market Research by Types of Testing, Types of Treatment and Clinical Reviews

 Surgical Instrument Tracking System Market Overview

The substantial market growth is the result of the rising incidence of retained surgical instruments in the human body after surgery as well as instrument misplacement. The National Center for Biotechnology Information (NCBI) has to say that due to retained surgical objects, the fatality rate is now close to 2%. This number clearly points towards the need for advanced technologies like 2D barcodes and RFID for tracking retained instruments for patients still in the operation theater.

The surge in the adoption rate of instrument tracking system by hospitals results in market growth. At present, hospitals face major issues in the form of tracing medical devices as well as inventory management during the work cycle such as surgery, storage, sterilization procedures, and post-surgery. Instigated by these challenges, hospitals are now adopting innovative technologies for keeping track of such equipment and systems, which is expected to do wonders for the market. Case in point is St. Joseph’s Hospital and Medical Clinic (Arizona), which has started using IMPRESS instrument management system that has helped save more than USD 1.0 million in repair, instrument purchasing costs and refurbishment annually.

surgical instrument tracking system could expand at a CAGR of 18% during the forecast period (2018-2027), suggests Market Research Future (MRFR).

Avail FREE Sample Here and More details@ https://www.medgadget.com/2019/03/surgical-instrument-tracking-system-market-2019-overview-by-growth-factors-product-chain-value-competitors-analysis-and-forecast-2027.html 

The imminent market expansion could also be in response to the rising need for inventory management along with the implementation of Unique Device Identification (UDI) regulations by the FDA. Technological innovations combined with the efforts from governments for uplifting the use of these devices is also poised to favor market growth in the years to come.

Major Esteemed Key Players

Vizbee RFID Solutions, Xerafy, Millennium Surgical Corp Applied Logic, Inc., Braun Melsungen AG BD, Intelligent InSites, Key Surgical, Mobile Aspects Inc., STANLEY Healthcare, JJ International Instruments, Infor, Roboz Surgical Instrument Co., Microsystems, Inc., Haldor Advanced Technologies, GEISTER MEDIZINTECHNIK GmbH, ESI, Censis Technologies, Inc., Katalyst Surgical, LLC, TGX Medical Systems, are some of the esteemed companies in the worldwide surgical instrument tracking system market.

Market Segmentation

The worldwide market for surgical instrument tracking system has been segmented on the basis of types, end-users, and component.

Type-wise, the market includes electronic tracking, barcode tracking, Radio Frequency Identification (RFID), and others.

The end users profiled in the MRFR report are clinics, hospitals, laboratories, research facilities, and others.

With respect to component, the segments include software, services, and others.

Regional Analysis

The surgical instrument tracking system market is split across the regions of Asia Pacific, Middle East and Africa, North America, and Europe.

North America presides over the global surgical instrument tracking system market, with the United States (USA) as the most significant contributor to the said growth. Availability of high-quality products along with established healthcare infrastructure drives the demand for surgical instrument tracking system in the region. The robust product demand in North America is the result of UDI regulations by FDA that raises the adoption rate for surgical instrument tracking system.

Europe thrives as the second most lucrative surgical instrument tracking system market. Factors instrumental in market growth could be the growing medical tourism and rising healthcare privatization in the region. The regional market also gets a considerable boost from the continually expanding population base and the emergence of high-quality and sophisticated healthcare infrastructure.

Browse Complete Premium Research along with Detailed TOC at: https://www.marketresearchfuture.com/reports/surgical-instrument-tracking-system-market-1391

Asia Pacific could expect to rise at the highest rate in the given timeframe owing to abundant untapped opportunities for vendors. The status of the healthcare industry in APAC is noting a tremendous surge, even more than the one in the Americas and Europe. This factor aids in market growth as well. The burgeoning geriatric population and the rapidly increasing healthcare infrastructure in India and China are presumed to favor the overall regional market growth in the years ahead.

Surging healthcare costs and high health expenditure have resulted in an abysmal performance of the Middle East and Africa market. To make matters worse, weak economy and dismal financial backup for healthcare hamper the market growth. However, North Africa holds some potential in terms of export for the regional producers, which could work in favor of the market during the conjectured period.

About Market Research Future: MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by Components, Application, Logistics and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.

Contact:

Market Research Future

+1 646 845 9312

Email: sales@marketresearchfuture.com

Comments

Post a Comment

Popular posts from this blog

Silicon Carbide Wafer Market Growth Opportunity, Size, Status and Forecast To 2026

  IDA Provides Silicon Carbide Wafer Growth Analysis 2021 Report by Key Players, Types, Applications, Countries, and Forecast. The Final Research Insights will get the complete Pandemic Impact Analysis on Information Technology & Telecommunication Category Till 2026: This Silicon Carbide Wafer Market research report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. The global Industry growth depends on several factors that are Rising inclusion of artificial intelligence, automation, internet of things and others are expected to make sure that the market gains good mileage. Involving demand estimation, new product development and entry strategies, marketing and distribution strategies in the high-risk arena of new developments by helping you identify unmet needs. The Silicon Carbide Wafer Market Major Eminent players making significant moves in the global market have earned their ...
Read more

Global eClinical Solutions Market Key Companies, Global Expansion Strategies and Application Scope Till 2023

The  Global eClinical Solutions Market  is estimated to be valued at  USD 9434.57 million by 2023  and is expected to register a  CAGR of 12.24%  during the forecast period . The clinical data management system (CDMS) dominated the  global eClinical solutions market , by type, and is projected to reach  USD 2579 million by 2023  owing to the benefits offered by the product such as centralized end-to-end management of clinical trial activities, real-time status tracking, elimination of reliance on manual processes, and maintenance of multiple databases, which improve the overall efficiency of clinical trials. However, the electronic clinical outcome assessment (eCOA) segment is projected to be the fastest-growing segment during the forecast period. Americas dominated the market, accounting for the largest share of the market in 2017, and the regional market is expected to register a  CAGR of 12.41%  during the review perio...
Read more

Big Data in Healthcare Market Rising Trends, New Designs, Manufacturer Details, Forecasts to 2027

Big Data in Healthcare Market Research Report, by Hardware (Routers, VPNs), by Software (EHR, Practice Management), by Analytical service type (Descriptive, Predictive, Prescriptive) by region (Europe, Americas, APAC & MEA) – Forecast to 2027 The “ Big Data in Healthcare Market  ” In-Depth competition analysis of the major companies in the report, sector of the report includes the market depictions, requirements, and product portrayals, manufacture, competence, contact figures, cost, and revenue. The Big Data in Healthcare Market Free Growth Sample will provide valuable insight with an emphasis on the global market including some of the  major players  such As,  Cerner Corporation, Dell, Mckesson, Philips, Xerox, Cognizant, GE Healthcare,  Optum, Siemens, and others.. For Market Big Data in Healthcare Market analysis, the report covers upstream raw materials, equipment, downstream client survey, Marketing channels, Market development trend and propos...
Read more