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Surgical Instrument Tracking Systems Market Worth 204.8 Million USD by 2021


News provided by

MarketsandMarkets

19 Jul, 2016, 16:00 GMT

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PUNE, India, July 19, 2016 /PRNewswire/ --

According to a new market research report "Surgical Instrument Tracking Systems Market by Technology (RFID and Barcodes), Components (Hardware, Software, Services), End-User (Hospitals), Geography (North America, Europe, Asia-Pacific and RoW) - Forecast to 2021", published by MarketsandMarkets, this report studies the global Surgical Instrument Tracking Systems Market during the forecast period of 2016 to 2020. This market is expected to grow at a CAGR of 17.3% between 2016 and 2021, to reach USD 204.8 Million by 2021.

     (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )

Browse 38 market data Tables and 9 Figures spread through 177 Pages and in-depth TOC on "Surgical Instrument Tracking Systems Market"

http://www.marketsandmarkets.com/Market-Reports/surgical-instrument-tracking-system-market-211153029.html

Early buyers will receive 10% customization on this report. 

This report provides a detailed overview of the major drivers, restraints, challenges, opportunities, current market trends, and strategies impacting the Surgical Instrument Tracking Systems Market along with the estimates and forecasts of the revenue and share analysis.

Based on technology, the global Surgical Instrument Tracking Systems Market is segmented into barcodes and radiofrequency identification (RFID). Of these, barcodes dominated the market with the largest share in 2015. The low installation cost and user friendliness of barcode systems are major factors driving their adoption in the market.

Talk To Our Research Analysts: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=211153029

Based on components, the Surgical Instrument Tracking Systems Market is segmented into software, hardware, and services. In this segment, the software segment held the largest share in 2015; however, the hardware segment is expected to grow at the highest CAGR between 2016 and 2021 mainly due to the constant need to replace tags or labels, which leads to repeat purchases.

Based on end users, the Surgical Instrument Tracking Systems Market is segmented into hospitals and others. The hospitals segment dominated the Surgical Instrument Tracking Systems Market in 2015. This segment is also expected to witness the highest growth in the end-user market. The need for inventory management to handle a large number of surgical instruments and to ensure better patient safety is majorly driving the adoption of surgical instrument tracking systems in the hospitals segment.

Based on geography, the Surgical Instrument Tracking Systems Market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World (RoW). North America commanded the largest share of the global Surgical Instrument Tracking Systems Market in 2015. However, the market in Asia-Pacific is expected to witness the highest growth during the forecast period. FDA's regulations for Unique Device Identification (UDI) are a major factor contributing to the large share of the North American region in the global Surgical Instrument Tracking Systems Market.

The key players operating in the Surgical Instrument Tracking Systems Market include Censis Technologies Inc., (U.S.), Materials Management Microsystems (U.S.), Applied Logic Inc. (U.S.), Getinge Group (Sweden), and Haldor Advanced Technologies (U.S.).

Browse Related Reports: 

Healthcare Asset Management Market by Product (RFID (Active, Passive), RTLS, Infrared, Ultrasound Tags), Application (Hospitals (Equipment, Staff Management, Patient Monitoring), Pharmaceuticals (Drug Counterfeiting, Supply Chain)) - Global Forecast to 2020.

http://www.marketsandmarkets.com/Market-Reports/healthcare-and-pharmaceuticals-asset-management-market-1195.html  

RTLS Market for Healthcare by Product (Hardware, Software & Services), Technology (RFID, WiFi, Infrared, Ultrasound, Zigbee, and Ultrawide Band), Application, by Device and Equipment, & by Geography- Analysis & Forecast to 2014 - 2020.

http://www.marketsandmarkets.com/Market-Reports/rtls-healthcare-market-19089515.html

About MarketsandMarkets: 

MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Subscribe Reports from Healthcare Domain @ http://www.marketsandmarkets.com/Subscription.html

Contact:
Mr. Rohan
Unit No. 802, 8th Floor, 
Tower - 7, Magarpatta City SEZ,
Hadapsar, Pune - 411013, 
Maharashtra, India.
Tel: +1-888-6006-441.
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://mnmblog.org/market-research/healthcare/medical-devices
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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