Surgical Instrument Tracking System Technology Market OverviewSurgical Instrument Tracking System Technology Market Expand at The Rate of 18% During The Forecast Period (2018-2027), Suggests Market Research Future (MRFR).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.Get Free Sample at: https://www.marketresearchfuture.com/sample_request/1391Market Boosters and Top ChallengesThe 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.
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 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.Esteemed VendorsVizbee 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 Technology Market.Market SegmentationThe worldwide market for Surgical Instrument Tracking System Technology Market 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.Intended AudienceSurgical Instrument Tracking System Technology Market product manufacturers and vendorsHospitals and clinicsVarious consulting and research firmsDistributors of Surgical Instrument Tracking System Technology MarketsAmbulatory surgical centersBrowse Full Detailed Research Page along with Complete Table of Content at: https://www.marketresearchfuture.com/reports/surgical-instrument-tracking-system-market-1391Regional AnalysisThe Surgical Instrument Tracking System Technology 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 Technology Market, with the United States (USA) as the most significant contributor to the said growth.