Sarasota, FL -- (SBWIRE) -- 07/10/2017 -- Zion Market Research, the market research group announced the analysis report titled "Surgical Instrument Tracking Systems Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2016–2024"
Global Surgical Instrument Tracking Systems Market: Overview
Surgical instrument tracking systems are effective systems that aid the healthcare providers. The system basically includes service, hardware, and software. The surgical instrument tracking system can decrease case delays, enhance patient safety, and enhance staff productivity.
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Global Surgical Instrument Tracking Systems Market: Growth Factors
The key factors propelling the growth of the global surgical instrument tracking market include Unique Device Identification regulations by Food and Drug Administration, high patient well-being concerns, increasing demand for inventory management, and the necessity to increase revenues through operational effectiveness. However, factors such as huge system costs, budgetary limitations, and lengthy investment cycles can be attributed to the restraining factors of the global surgical instrument tracking market growth.
Global Surgical Instrument Tracking Systems Market: Segmentation
The global surgical instrument tracking market may be segmented based on component, technology, end-user, and region. The component segment of the global market is divided into software, hardware, and services. The hardware segment is assumed to grow in the coming period due to the frequent requirement to change labels or tags, which ultimately leads to repeated purchases. The technology segment of the global surgical instrument tracking market is classified into radio-frequency identification and bar codes. The barcode segment is expected to dominate the technology market owing to its feasible use and low cost for installation. The end-user segment is diversified into hospitals and other. The hospital segment is sub-segmented into private hospitals and public hospitals. The hospital segment of the global surgical instrument tracking systems market is expected to grow at a fast pace due to the increasing need for inventory management to supervise a huge quantity of surgical instruments and to secure better patient well-being. Regionally, the global surgical instrument tracking market is diversified into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa.
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Global Surgical Instrument Tracking Systems Market: Regional Analysis
North America is expected to dominate the global surgical instrument tracking systems market due to the regulation by Food and Drug Administration for Unique Device Identification. However, the Asia-Pacific region is also anticipated to grow in the global market in the near future.
Global Surgical Instrument Tracking Systems Market: Competitive Players
The major players in the global surgical instrument tracking systems market include Getinge Group, Censis Technologies, Inc., B. Braun Melsungen AG, Dickinson and Company, Becton, Applied Logic, Inc., and Haldor Advanced Technologies Ltd. The other key players in the global market are TGX Medical Systems, Materials Management Microsystems, Inc., Synergy Health, Vizbee RFID Solutions, Intelligent InSites, Inc., Infor, Xerafy, Mobile Aspects, Inc., and Key Surgical, Inc.
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Global Surgical Instrument Tracking Systems Market: Regional Segment Analysis
North America(U.S.); Europe(UK, France, Germany); Asia-Pacific(China, Japan, India); Latin America(Brazil); The Middle East and Africa