Global Surgical Instrument Tracking Systems Market 2018-2024: CAGR Projected to Grow at 17.5% - ResearchAndMarkets.com
Jul. 13, 2018
DUBLIN--(BUSINESS WIRE)--Jul 13, 2018--The "Global Surgical Instrument Tracking Systems Market - Technologies, Market share and Industry Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.
Global surgical instrument tracking systems market is expected to rise with a CAGR of 17.5% over the forecast period (2017-2024).
Rising number of surgeries across the globe and increasing incidences of retained surgical instruments are the factors propelling the global surgical instrument tracking systems market. In addition, rising need for inventory management & better patient care along with Unique Device Identification (UDI) regulations by Food & Drug Administration are also propelling the global surgical instrument tracking systems market.
However, the market growth is impeded by several factors that include high system costs and budgetary limitations. Major challenges affecting the growth of global surgical instrument tracking systems include unreliability of the barcode system.
However, the market has immense opportunities that could cope with the challenge over the forecast period (2017-2024). The opportunities include rising adoption of RFID in the medical sector along with continuous research and technological advancements.
On the basis of technology, barcodes and RFID are the sub segments. RFID technology is expected to witness the fastest growth rate over the forecast period (2017-2024).
The end user segment also covers two major segments that are hospitals and others. Hospitals are accounted to be the dominant segment in 2017 in terms of revenue under the surgical instrument tracking systems market.
Companies FeaturedApplied Logic, Inc. (U.S.) B. Braun Melsungen AG (Germany) Becton, Dickinson And Company (U.S.) Censis Technologies, Inc. (U.S.) Fingerprint Medical Ltd. (England) Getinge Group (Sweden) Haldor Advanced Technologies. Ltd. (U.S.) Infor (U.S.) Intelligent Insites, Inc. (U.S.) Key Surgical, Inc. (U.S.) Materials Management Microsystems, Inc (U.S.) Mobile Aspects, Inc. (U.S.) TGX Medical Systems (U.S.) Vizbee RFID Solutions (France) Xerafy (Hong Kong)
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Related Topics:Surgical Devices
INDUSTRY KEYWORD: SURGERY HEALTH MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 07/13/2018 10:50 AM/DISC: 07/13/2018 10:51 AM