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Surgical Instruments Tracking System Market Trends

Report ID: GMI6026
Published Date: Jun 2023
Report Format: PDF

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Surgical Instruments Tracking System Market Trends

Cloud-based solutions, real-time locating systems (RTLS), mobile applications and user interfaces, and use of artificial intelligence (AI) and machine learning (ML) technologies in surgical instrument tracking systems are among the key technological advancements. Mobile applications and user-friendly interfaces have simplified instrument tracking processes. Healthcare professionals can use smartphones or tablets to access instrument tracking data, perform inventory checks, and receive alerts or notifications.

Further, AI and ML technologies can analyse large volumes of tracking data, identify usage patterns, predict maintenance needs, and optimize inventory management. AI-powered algorithms can detect anomalies or errors in instrument usage, improving patient safety and reducing the risk of surgical errors. Moreover, integration of IoT allows the system to transmit data in real time, providing insights into usage patterns, instrument condition, and maintenance needs.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

The global market for surgical instruments tracking system was valued at over USD 221million in 2022 and will cross USD 819 million by 2032, backed by the increasing adoption of electronic health records (EHRs), need for operational efficiency, technological advancements in tracking technologies, and rising surgical procedures.

The software segment accounted for over USD 90 million in 2022, owing to the increasing adoption of digital solutions, improved data management & analytics, integration with existing systems, and scalability & flexibility of these software.

The U.S. surgical instrument tracking system market will witness healthy growth rate of 12.7% 2023 and 2032. The growth is primarily attributed to high volume of surgical procedures performed each year in the country.

Becton, Dickinson and Company, Haldor Advanced Technologies, Fortive Corporation, STERIS, Getinge AB, B. Braun Melsungen AG, and SpaTrack Medical Limited among others.