Surgical Instrument Tracking Systems Market Is Driven By Extensive Utilization Of Instrument Tracking Products By Hospital Across The Globe

Global surgical instrument tracking systems market was valued at around USD160 million until 2021 and is expected to grow at a robust CAGR during the forecast period. The global surgical instrument tracking systems market is driven by extensive utilization of instrument tracking products by hospital across the globe. Moreover, surging need for improved practices for managing assets is expected to positively impact the growth of market during the forecast period. Also, continuous technological advancement in the healthcare industry is further expected to bolster the growth of market over the next few years.

The global surgical instrument tracking systems market is segmented based on technology, component, end user, company, and region. Based on technology, the market can be categorized into barcode and RFID. Out of these, the RFID segment dominated the market in terms of largest market share during 2021 and is expected to maintain its leading position the market during the forecast period as well. This can be ascribed to the benefits of RFID over barcode labelling such as capability to enable multiple dynamic data updates with rapid read rates and batch reading capability, faster data transmission, higher data storage capacity, and ability to perform multiple read-write of data to the tag. Therefore, such benefits are driving the high adoption of the RFID technology for the management of surgical instruments in hospitals, which is anticipated to bolster the growth of segment over the coming years.

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Major players operating in the global surgical instrument tracking systems market include Censis Technologies, Material Management Microsystems, Becton, Dickinson and Company, Haldor Advanced Technologies, Intelligent InSites, Inc., Key Surgical, Inc., Mobile Aspects, TGX Medical Systems, Xerafy, STANLEY Healthcare, B. Braun Melsungen AG, Getinge AB, SpaTrack Medical Limited, Scanlan International, Inc. and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments.

Objective of the Study:

  • To analyze and estimate the market size of global surgical instrument tracking systems market from 2017 to 2020.
  • To estimate and forecast the market size of global surgical instrument tracking systems market from 2021 to 2027 and growth rate until 2027.
  • To classify and forecast global surgical instrument tracking systems market based on technology, component, end user, company and regional distribution.
  • To identify dominant region or segment in the global surgical instrument tracking systems market.
  • To identify drivers and challenges for global surgical instrument tracking systems market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global surgical instrument tracking systems market.
  • To conduct pricing analysis for global surgical instrument tracking systems market.
  • To identify and analyze the profile of leading players operating in global surgical instrument tracking systems market.
  • To identify key sustainable strategies adopted by market players in global surgical instrument tracking systems market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of service providers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the hospitals/clinics which could not be identified due to the limitations of secondary research. TechSci Research analyzed the service providers and presence of all major players across the globe.

TechSci Research calculated the market size of global surgical instrument tracking systems market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

  • Surgical instrument tracking systems service providers, vendors and other stakeholders
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to surgical instrument tracking systems
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such service providers, vendors, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

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