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Europe Surgical Instrument Tracking Systems Market 2023-2031 by Component (Hardware, Software, Services), Technology (Barcode, RFID), End User (Hospitals, ASCs, Others), and Country: Trend Forecast and Growth Opportunity

  • Report ID: 57502
  • Date: May, 2023
  • Pages: 100
  • Category: Healthcare & Pharmaceuticals

Europe surgical instrument tracking systems market was valued at $46.3 million in 2021 and will grow by 13.9% annually over 2021-2031, driven by the growing geriatric population with chronic ailments, increasing need for ensuring better inventory and asset management practices, implementation of unique device identification (UDI) regulations by the FDA, rising number of surgical procedures, and the availability of technologically advanced products.

Highlighted with 32 tables and 40 figures, this 100-page report “Europe Surgical Instrument Tracking Systems Market 2023-2031 by Component (Hardware, Software, Services), Technology (Barcode, RFID), End User (Hospitals, ASCs, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe surgical instrument tracking systems market and all its sub-segments through extensively detailed classifications.

Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2023 till 2031 with 2022 as the base year.

(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

In-depth qualitative analyses include identification and investigation of the following aspects:

• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces

The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe surgical instrument tracking systems market in every aspect of the classification from perspectives of Component, Technology, End User, and Country.

Based on Component, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.

• Hardware
o Readers
o Tags
o Other Hardware Components
• Software
• Services

Based on Technology, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.

• Barcode Systems
• Radio Frequency Identification Devices (RFID) Systems
o Active RFID Tags
o Passive RFID Tags

By End User, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.

• Hospitals
• Ambulatory Surgical Centers (ASCs)
• Other End Users

Geographically, the following national/local markets are fully investigated:

• Germany
• UK
• France
• Spain
• Italy
• Netherlands
• Rest of Europe (further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)

For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2031. The breakdown of national markets by Component, Technology, and End User over the forecast years are also included.

The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.

Selected Key Players:

ASANUS Medizintechnik GmbH
B. Braun Melsungen AG
Becton, Dickinson and Company
FingerPrint Medical Limited
Fortive Corporation (Censis Technologies Inc.)
Getinge AB (Carl Bennet AB)
Haldor Advanced Technologies Ltd.
Integra Lifesciences Holding Corporation
Murata Manufacturing Co., Ltd.
NuTrace
ScanCARE Pty Ltd.
Scanlan International, Inc.
SpaTrack Medical Limited
Stanley Black & Decker, Inc. (Stanley Healthcare)
Steris plc
Ternio Group LLC
Xerafy Singapore Pte Ltd.


(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)

1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 20
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 27
2.4 Emerging Opportunities and Market Trends 30
2.5 Porter’s Fiver Forces Analysis 34
3 Segmentation of Europe Market by Component 38
3.1 Market Overview by Component 38
3.2 Hardware 40
3.2.1 Readers 41
3.2.2 Tags 42
3.2.3 Other Hardware Components 43
3.3 Software 44
3.4 Services 45
4 Segmentation of Europe Market by Technology 46
4.1 Market Overview by Technology 46
4.2 Barcode Systems 48
4.3 Radio Frequency Identification Devices (RFID) Systems 49
4.3.1 Active RFID Tags 51
4.3.2 Passive RFID Tags 52
4.4 Emerging Technologies 53
5 Segmentation of Europe Market by End User 54
5.1 Market Overview by End User 54
5.2 Hospitals 56
5.3 Ambulatory Surgical Centers (ASCs) 57
5.4 Other End Users 58
6 European Market 2021-2031 by Country 59
6.1 Overview of European Market 59
6.2 Germany 62
6.3 U.K. 65
6.4 France 68
6.5 Spain 70
6.6 Italy 72
6.7 Netherlands 74
6.8 Rest of European Market 76
7 Competitive Landscape 78
7.1 Overview of Key Vendors 78
7.2 New Product Launch, Partnership, Investment, and M&A 81
7.3 Company Profiles 82
ASANUS Medizintechnik GmbH 82
B. Braun Melsungen AG 84
Becton, Dickinson and Company 85
FingerPrint Medical Limited 86
Fortive Corporation (Censis Technologies Inc.) 87
Getinge AB (Carl Bennet AB) 88
Haldor Advanced Technologies Ltd. 89
Integra Lifesciences Holding Corporation 90
Murata Manufacturing Co., Ltd. 91
NuTrace 92
ScanCARE Pty Ltd. 93
Scanlan International, Inc. 94
SpaTrack Medical Limited 95
Stanley Black & Decker, Inc. (Stanley Healthcare) 96
Steris plc 97
Ternio Group LLC 98
Xerafy Singapore Pte Ltd. 99
RELATED REPORTS 100


List of Tables

List of Tables:

Table 1. Snapshot of Europe Surgical Instrument Tracking Systems Market in Balanced Perspective, 2021-2031 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. World Health Spending by Region, $ bn, 2013-2020 26
Table 4. Main Product Trends and Market Opportunities in Europe Surgical Instrument Tracking Systems Market 30
Table 5. Europe Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 38
Table 6. Europe Surgical Instrument Tracking Systems Market: Hardware by Type, 2021-2031, $ mn 40
Table 7. Europe Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 46
Table 8. Europe Surgical Instrument Tracking Systems Market: RFID Systems by Type, 2021-2031, $ mn 50
Table 9. Europe Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 54
Table 10. Europe Surgical Instrument Tracking Systems Market by Country, 2021-2031, $ mn 61
Table 11. Germany Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 64
Table 12. Germany Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 64
Table 13. Germany Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 64
Table 14. U.K. Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 67
Table 15. U.K. Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 67
Table 16. U.K. Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 67
Table 17. France Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 69
Table 18. France Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 69
Table 19. France Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 69
Table 20. Spain Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 71
Table 21. Spain Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 71
Table 22. Spain Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 71
Table 23. Italy Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 73
Table 24. Italy Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 73
Table 25. Italy Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 73
Table 26. Netherlands Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 75
Table 27. Netherlands Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 75
Table 28. Netherlands Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 75
Table 29. Surgical Instrument Tracking Systems Market in Rest of Europe by Country, 2021-2031, $ mn 77
Table 30. ASANUS Medizintechnik GmbH: Company Snapshot 82
Table 31. ASANUS Medizintechnik GmbH: Business Segmentation 83
Table 32. ASANUS Medizintechnik GmbH: Product Portfolio 83


List of Figures

List of Figures:

Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. Europe Surgical Instrument Tracking Systems Market, 2021-2031, $ mn 17
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of Europe Surgical Instrument Tracking Systems Market 22
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 25
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 25
Figure 9. Primary Restraints and Impact Factors of Europe Surgical Instrument Tracking Systems Market 27
Figure 10. Investment Opportunity Analysis 31
Figure 11. Porter’s Fiver Forces Analysis of Europe Surgical Instrument Tracking Systems Market 34
Figure 12. Breakdown of Europe Surgical Instrument Tracking Systems Market by Component, 2021-2031, % of Revenue 39
Figure 13. Europe Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 39
Figure 14. Europe Surgical Instrument Tracking Systems Market by Component: Hardware, 2021-2031, $ mn 40
Figure 15. Europe Surgical Instrument Tracking Systems Market by Hardware: Readers, 2021-2031, $ mn 41
Figure 16. Europe Surgical Instrument Tracking Systems Market by Hardware: Tags, 2021-2031, $ mn 42
Figure 17. Europe Surgical Instrument Tracking Systems Market by Hardware: Other Hardware Components, 2021-2031, $ mn 43
Figure 18. Europe Surgical Instrument Tracking Systems Market by Component: Software, 2021-2031, $ mn 44
Figure 19. Europe Surgical Instrument Tracking Systems Market by Component: Services, 2021-2031, $ mn 45
Figure 20. Breakdown of Europe Surgical Instrument Tracking Systems Market by Technology, 2021-2031, % of Sales Revenue 47
Figure 21. Europe Addressable Market Cap in 2022-2031 by Technology, Value ($ mn) and Share (%) 47
Figure 22. Europe Surgical Instrument Tracking Systems Market by Technology: Barcode Systems, 2021-2031, $ mn 48
Figure 23. Europe Surgical Instrument Tracking Systems Market by Technology: Radio Frequency Identification Devices (RFID) Systems, 2021-2031, $ mn 49
Figure 24. Europe Surgical Instrument Tracking Systems Market by RFID Systems: Active RFID Tags, 2021-2031, $ mn 51
Figure 25. Europe Surgical Instrument Tracking Systems Market by RFID Systems: Passive RFID Tags, 2021-2031, $ mn 52
Figure 26. Breakdown of Europe Surgical Instrument Tracking Systems Market by End User, 2021-2031, % of Sales Revenue 55
Figure 27. Europe Addressable Market Cap in 2022-2031 by End User, Value ($ mn) and Share (%) 55
Figure 28. Europe Surgical Instrument Tracking Systems Market by End User: Hospitals, 2021-2031, $ mn 56
Figure 29. Europe Surgical Instrument Tracking Systems Market by End User: Ambulatory Surgical Centers (ASCs), 2021-2031, $ mn 57
Figure 30. Europe Surgical Instrument Tracking Systems Market by End User: Other End Users, 2021-2031, $ mn 58
Figure 31. Breakdown of European Surgical Instrument Tracking Systems Market by Country, 2021 and 2031, % of Revenue 60
Figure 32. Contribution to Europe 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 61
Figure 33. Surgical Instrument Tracking Systems Market in Germany, 2021-2031, $ mn 62
Figure 34. Surgical Instrument Tracking Systems Market in U.K., 2021-2031, $ mn 65
Figure 35. Surgical Instrument Tracking Systems Market in France, 2021-2031, $ mn 68
Figure 36. Surgical Instrument Tracking Systems Market in Spain, 2021-2031, $ mn 70
Figure 37. Surgical Instrument Tracking Systems Market in Italy, 2021-2031, $ mn 72
Figure 38. Surgical Instrument Tracking Systems Market in Netherlands, 2021-2031, $ mn 74
Figure 39. Surgical Instrument Tracking Systems Market in Rest of Europe, 2021-2031, $ mn 76
Figure 40. Growth Stage of Europe Surgical Instrument Tracking Systems Industry over the Forecast Period 78

Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.

In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.

This research methodology has been segmented into following types:

Primary Research:

It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.

Secondary Research:

The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.

Qualitative Research:

It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.

Quantitative Research:

It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.

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