North America 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: 57501
- Date: May, 2023
- Pages: 91
- Category: Healthcare & Pharmaceuticals
North America surgical instrument tracking systems market is projected to grow by 12.3% annually in the forecast period and reach $422.7 million by 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 22 tables and 36 figures, this 91-page report “North America 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 North America 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 North America 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 North America surgical instrument tracking systems market in every aspect of the classification from perspectives of Component, Technology, End User, and Country.
Based on Component, the North America 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 North America 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 North America 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:
• U.S.
• Canada
• Mexico
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 North America 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 North America 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 North America 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 North America Market 2021-2031 by Country 59
6.1 Overview of North America Market 59
6.2 U.S. 62
6.3 Canada 65
6.4 Mexico 67
7 Competitive Landscape 69
7.1 Overview of Key Vendors 69
7.2 New Product Launch, Partnership, Investment, and M&A 72
7.3 Company Profiles 73
ASANUS Medizintechnik GmbH 73
B. Braun Melsungen AG 75
Becton, Dickinson and Company 76
FingerPrint Medical Limited 77
Fortive Corporation (Censis Technologies Inc.) 78
Getinge AB (Carl Bennet AB) 79
Haldor Advanced Technologies Ltd. 80
Integra Lifesciences Holding Corporation 81
Murata Manufacturing Co., Ltd. 82
NuTrace 83
ScanCARE Pty Ltd. 84
Scanlan International, Inc. 85
SpaTrack Medical Limited 86
Stanley Black & Decker, Inc. (Stanley Healthcare) 87
Steris plc 88
Ternio Group LLC 89
Xerafy Singapore Pte Ltd. 90
RELATED REPORTS 91
List of Tables
List of Tables:
Table 1. Snapshot of North America 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 North America Surgical Instrument Tracking Systems Market 30
Table 5. North America Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 38
Table 6. North America Surgical Instrument Tracking Systems Market: Hardware by Type, 2021-2031, $ mn 40
Table 7. North America Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 46
Table 8. North America Surgical Instrument Tracking Systems Market: RFID Systems by Type, 2021-2031, $ mn 50
Table 9. North America Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 54
Table 10. North America Surgical Instrument Tracking Systems Market by Country, 2021-2031, $ mn 60
Table 11. U.S. Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 64
Table 12. U.S. Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 64
Table 13. U.S. Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 64
Table 14. Canada Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 66
Table 15. Canada Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 66
Table 16. Canada Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 66
Table 17. Mexico Surgical Instrument Tracking Systems Market by Component, 2021-2031, $ mn 68
Table 18. Mexico Surgical Instrument Tracking Systems Market by Technology, 2021-2031, $ mn 68
Table 19. Mexico Surgical Instrument Tracking Systems Market by End User, 2021-2031, $ mn 68
Table 20. ASANUS Medizintechnik GmbH: Company Snapshot 73
Table 21. ASANUS Medizintechnik GmbH: Business Segmentation 74
Table 22. ASANUS Medizintechnik GmbH: Product Portfolio 74
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. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. North America 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 North America 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 North America Surgical Instrument Tracking Systems Market 27
Figure 10. Investment Opportunity Analysis 31
Figure 11. Porter’s Fiver Forces Analysis of North America Surgical Instrument Tracking Systems Market 34
Figure 12. Breakdown of North America Surgical Instrument Tracking Systems Market by Component, 2021-2031, % of Revenue 39
Figure 13. North America Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 39
Figure 14. North America Surgical Instrument Tracking Systems Market by Component: Hardware, 2021-2031, $ mn 40
Figure 15. North America Surgical Instrument Tracking Systems Market by Hardware: Readers, 2021-2031, $ mn 41
Figure 16. North America Surgical Instrument Tracking Systems Market by Hardware: Tags, 2021-2031, $ mn 42
Figure 17. North America Surgical Instrument Tracking Systems Market by Hardware: Other Hardware Components, 2021-2031, $ mn 43
Figure 18. North America Surgical Instrument Tracking Systems Market by Component: Software, 2021-2031, $ mn 44
Figure 19. North America Surgical Instrument Tracking Systems Market by Component: Services, 2021-2031, $ mn 45
Figure 20. Breakdown of North America Surgical Instrument Tracking Systems Market by Technology, 2021-2031, % of Sales Revenue 47
Figure 21. North America Addressable Market Cap in 2022-2031 by Technology, Value ($ mn) and Share (%) 47
Figure 22. North America Surgical Instrument Tracking Systems Market by Technology: Barcode Systems, 2021-2031, $ mn 48
Figure 23. North America Surgical Instrument Tracking Systems Market by Technology: Radio Frequency Identification Devices (RFID) Systems, 2021-2031, $ mn 49
Figure 24. North America Surgical Instrument Tracking Systems Market by RFID Systems: Active RFID Tags, 2021-2031, $ mn 51
Figure 25. North America Surgical Instrument Tracking Systems Market by RFID Systems: Passive RFID Tags, 2021-2031, $ mn 52
Figure 26. Breakdown of North America Surgical Instrument Tracking Systems Market by End User, 2021-2031, % of Sales Revenue 55
Figure 27. North America Addressable Market Cap in 2022-2031 by End User, Value ($ mn) and Share (%) 55
Figure 28. North America Surgical Instrument Tracking Systems Market by End User: Hospitals, 2021-2031, $ mn 56
Figure 29. North America Surgical Instrument Tracking Systems Market by End User: Ambulatory Surgical Centers (ASCs), 2021-2031, $ mn 57
Figure 30. North America Surgical Instrument Tracking Systems Market by End User: Other End Users, 2021-2031, $ mn 58
Figure 31. Breakdown of North America Surgical Instrument Tracking Systems Market by Country, 2021 and 2031, % of Revenue 60
Figure 32. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 61
Figure 33. U.S. Surgical Instrument Tracking Systems Market, 2021-2031, $ mn 63
Figure 34. Canada Surgical Instrument Tracking Systems Market, 2021-2031, $ mn 65
Figure 35. Surgical Instrument Tracking Systems Market in Mexico, 2021-2031, $ mn 67
Figure 36. Growth Stage of North America Surgical Instrument Tracking Systems Industry over the Forecast Period 69
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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