The Worldwide Surgical Instrument Tracking Systems Industry is Expected to Reach $486 Million by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--Oct 27, 2022--

The "Surgical Instrument Tracking Systems Market Research Report by Technology (Barcode and Radiofrequency Identification), Component, End User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Surgical Instrument Tracking Systems Market size was estimated at USD 206.22 million in 2021, USD 237.60 million in 2022, and is projected to grow at a CAGR 15.38% to reach USD 486.80 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Surgical Instrument Tracking Systems Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Surgical Instrument Tracking Systems Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Surgical Instrument Tracking Systems Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Surgical Instrument Tracking Systems Market?

4. What is the competitive strategic window for opportunities in the Global Surgical Instrument Tracking Systems Market?

5. What are the technology trends and regulatory frameworks in the Global Surgical Instrument Tracking Systems Market?

6. What is the market share of the leading vendors in the Global Surgical Instrument Tracking Systems Market?

7. What modes and strategic moves are considered suitable for entering the Global Surgical Instrument Tracking Systems Market?

Market Dynamics

Drivers

• Stipulation for Better Inventory and Asset Management Practices
• Prerequisite Demand of FDA Unique Device Identification Mandates
• Technological Advancement Boosting Up Workflow in Clinics and Researches

Restraints

• High Implementation Cost Associated
• Long Investment Cycle and Errors in System Processing

Opportunities

• Focus on Automatic Identification Technology Such as RFID to Track Medical Devices and Surgical Instruments
• Developing Healthcare Infrastructure in Emerging Economies

Challenges

• Slower Regulatory Approval Process

   

Companies Mentioned

• ASANUS Medizintechnik GmbH
• B. Braun Melsungen AG
• Becton, Dickinson and Company
• Censis Technologies, Inc. by Fortive Corporation
• FingerPrint Medical Limited
• Getinge AB
• GS1 UK
• Haldor Advanced Technologies Ltd.
• inTechnology Distribution Pty Ltd
• McKesson Corporation
• Nutrace
• Omega Surgical Instruments Ltd.
• Pacific Surgical Holdings Ltd.
• ScanCARE Pty Ltd
• Scanlan International, Inc.
• Spatrack Medical Limited
• STANLEY Healthcare
• STERIS PLC
• TGX Medical Systems by Integra LifeSciences
• Xerafy Singapore Pte Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/kim552

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KEYWORD:

INDUSTRY KEYWORD: SURGERY HEALTH

SOURCE: Research and Markets

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