Surgical Instruments Tracking Systems Industry Overview
The global surgical instruments tracking systems market size is anticipated to reach USD 513.09 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 12.1% over the forecast period. The increasing need for inventory management and implementation of Unique Device Identification (UDI) regulations formed by the FDA are some of the major factors supporting the market growth. Furthermore, surgical tool manufacturers are expected to track their products from manufacturing to distribution. The goal of device tracking is to ensure that instrument manufacturers set up mechanisms that allow them to quickly locate devices in commercial distribution. The proposed UDI regulations by the U.S. Food & Drug Administration (FDA) are projected to propel market growth. Surgical Instruments Tracking Systems Market Segmentation Grand View Research has segmented the global surgical instruments tracking systems market report based on product, technology, end use, and region: Based on the Product Insights, the market is segmented into hardware, software and services
Based on the Technology Insights, the market is segmented into barcodes and RFID
Based on the End-use Insights, the market is segmented into hospitals and others
Key Companies Profile & Market Share Insights The leading companies are undertaking several strategic initiatives, such as product developments or launches, collaborations, and mergers & acquisitions along with regional expansions for gaining a higher market share. Some of the prominent players in the global surgical instruments tracking systems market include:
Market Industry Development
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