The latest research report by Emergen Research, named ‘Global Surgical Instrument Tracking System Market- Forecast to 2032 ’, entails a comprehensive review of the global Surgical Instrument Tracking System Marketpresent and future trends. The report gathers viable information on the most established industry players, sales and distribution channels, regional spectrum, estimated market share and size, and revenue estimations over the forecast timeframe.
The global surgical instrument tracking system market size was USD 186.7 Million in 2021 and is expected to register a revenue CAGR of 12.1% during the forecast period, according to latest analysis by Emergen Research. Increasing preference for robotic surgeries owing to the benefits offered such as minimal risk of errors and others, technological advancements in medical devices, increasing need for federal government device identifications are some of the key factors driving market revenue growth.
Robotic-assisted orthopedic surgery is gaining popularity in various countries across the globe, and it is expected to gain traction at a significantly high rate over the next few years as surgeons and patients seek better and more predictable outcomes. According to research, with approximately 200,000 joint replacement procedures performed each year, the need exists, and the opportunity to introduce a game-changing new technology is well-timed. Various major companies are launching surgical devices, which are increasing the demand for this market.
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Some major players in the market include BD, Xerafy Singapore Pte Ltd., FingerPrint Medical Limited, Getinge AB, B. Braun SE, Haldor Advanced Technologies, Microsystems, Inc., Ternio Group LLC, Keir Surgical, and Paragon Group Limited.
Elucidating the competitive landscape of the Global Surgical Instrument Tracking System Market :
- The global Surgical Instrument Tracking System Market report offers viable insights into the competitive spectrum of the Surgical Instrument Tracking System Market business sphere.
- The report systematically profiles the company information of each market player.
- It identifies the estimated industry share, production facilities, development prospects, and geographies served by each market player.
- The study showcases the extensive product portfolios of the prominent market contenders.
Objectives of the Global Surgical Instrument Tracking System Market Study:
- An in-depth study of the evolving market sectors and the growth penetration status of the global Surgical Instrument Tracking System Market .
- COVID-19 Impact Analysis to highlight the major opportunities and challenges
- Strategic recommendations to help readers formulate lucrative business strategies
- Identification of the emerging players and their tactical approaches to expand market presence
- An extensive study of the product portfolios of the major market players and their regional presence
- A closer look at the strategic initiatives undertaken by the leading companies across this industry, including mergers acquisitions, collaborations, partnerships, and joint ventures
The purpose of the global Surgical Instrument Tracking System Market research report is to provide substantial information about key segments and the competitive landscape of the Surgical Instrument Tracking System Market report. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Surgical Instrument Tracking System Market .
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Emergen Research has segmented the global surgical instrument tracking system market on the basis of product, technology, end-use, and region:
· Product Outlook (Revenue, USD Million; 2019-2030)
- Hardware
- Software
- Others
· Technology Outlook (Revenue, USD Million; 2019-2030)
- RFID
- Barcodes
· End-Use Outlook (Revenue, USD Million; 2019-2030)
- Hospitals
- Ambulatory surgical centers
- Others
Regional Outlook (Revenue, USD Million; 2018-2028)
North America
U.S.
Canada
Mexico
Europe
U.K.
Germany
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
In North America, the United States is the major market for industrial maintenance coatings due to the presence of a well-established industrial sector and increasing investments in infrastructure development. The market in Canada is also expected to grow due to the expansion of the oil and gas industry.
In Europe, Germany and the United Kingdom are the major markets for industrial maintenance coatings, owing to the presence of a large number of manufacturing industries and increasing demand for high-performance coatings. The market in France is also expected to grow due to the increasing adoption of advanced coating technologies.
In the Asia-Pacific region, China is the largest market for industrial maintenance coatings due to the presence of a large number of manufacturing industries and increasing investments in infrastructure development.
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