Lucintel Forecasts Surgical Instrument Tracking System Market to Grow at a CAGR of 16%-18% from 2020 to 2025

According to the recent study the surgical instrument tracking system market is projected to grow at a CAGR of 16%-18% from 2020 to 2025. Growth in this market is primarily driven by increasing number of surgical procedures, rising adoption of healthcare IT, rising trend for better patient care, and need of minimizing the operational expenses of healthcare facilities.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in surgical instrument tracking system market by What are some of the most promising potential, high-growth opportunities for the global surgical instrument tracking system market by end user (barcodes and radiofrequency identification), end user (hospitals, clinics, research facilities, laboratories and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?.

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“Barcodes market is expected to remain the largest segment during the forecast period.”

Based on technology, the surgical instrument tracking system market is segmented into barcodes and radiofrequency identification. Lucintel forecasts that the barcodes market is expected to remain the largest segment due to the several advantages, such as ease of handling and low installation cost.

“Within the surgical instrument tracking system market, the hospitals segment is expected to remain the largest end user.”

Based on end user the hospitals segment is expected to witness the highest growth over the forecast period due to the high patient inflow as compared to other end users in the market, use of more equipment and instruments on average than other healthcare providers, and greater number of surgical procedures.

“North America will dominate the surgical instrument tracking system market in near future.”

North America will remain the largest region over the forecast period due to improving regulations and growth in healthcare expenditure.

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Major players of surgical instrument tracking system market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Censis Technologies, Becton, Dickinson and Company, Materials Management Microsystem, Getinge, B. Braun, Haldor Advanced Technologies, Intelligent InSites, Key Surgical, Mobile Aspects, TGX Medical System, Vizbee RFID Solutions, and Xerafy are among the major surgical instrument tracking system providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/surgical-instrument-tracking-system-market.aspx   or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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