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Surgical Instruments Tracking Systems Market Size, Share, and Analysis, By Product (Hardware, Software, and Services), By Technology (Barcode, and Radiofrequency Identification (RFID)), By End User (Hospitals and Clinics, Ambulatory Surgical Centers, and Others), and By Regional Forecast, 2024-2032

Region : Global | Report ID: FBI107167 | Status : Ongoing

 

KEY MARKET INSIGHTS

A surgical instrument tracking system gives the specific cycle counts completed by an instrument and can restrict further use after the maximum number of cycles has been reached. This surgical instrument tracking system totally eliminates manual cycle counts and makes the interaction more secure for patients and also helps to improve patient wellbeing. The global surgical instruments tracking devices market is likely driven by the rising need to execute Unique Device Identification (UDI) regulations by the FDA and inventory management.


A surgical instrument tracking system is also driven by the growth in the number of healthcare facilities getting international accreditation, which encourages hospitals to adopt the latest technologies and equipment, focus on providing higher standards of care and ensure higher levels of patient safety.

A surgical instrument tracking system helps in identifying mismatched surgical sets as well as helps in identifying expired surgical sets. The Radio Frequency Identification (RFID) tags are attached to the instruments that help to determine the content of sealed instruments without seeing the actual tools.

The surgical instrument tracking system enhances the hospital’s workflow and real-time traceability of surgical instruments.


  • The solution enables up to 97% of all surgical instruments to be tagged, allowing average cost savings of more than USD 3.0 million from increased staff efficiency and optimized operating room (OR) time.


Impact of COVID-19 on the Surgical Instruments Tracking Systems Market


COVID-19 has affected the overall market across the world and created uncertainty in the market. COVID-19 has impacted elective surgeries and procedures, cosmetic surgeries, and dental implant surgeries which have adversely impacted the surgical instrument tracking system market. Also, the pandemic has negatively impacted the business development and deployment activities of the product manufacturers of surgical instrument tracking systems due to the imposed lockdown and restrictions on travel.


  • According to the JG Journal of Global Health, a modeling study, 68%-73% of elective surgeries globally were canceled in the first 12 weeks due to the outbreak of COVID-19.

  • According to the Annals of Surgery open, it is estimated that the 1.1 million shortage of global specialty surgeons and anesthetists diversely affected the global surgical procedures and surgical instruments tracking systems market.

  • According to the World Economic Forum, 38% of global cancer surgery has been postponed or cancelled.


Due to the disaster of COVID-19, some sections of the healthcare care industry were adversely affected, and in some areas, there was a surge in ICU, ambulatory tanks, and emergency services.

As a result, COVID-19 negatively impacted the surgical instrument tracking system market.

Key Insights 


  The report will cover the following key insights


  • Key industry Developments – Mergers, Acquisition, and Collaboration 

  • Technological advancement in Surgical Instrument Tracking Systems

  • Overview of Deployment of Surgical Instrument Tracking System in Hospitals

  • Impact of COVID-19 On Surgical Instrument Tracking Systems


Analysis by Technology 


Based on technology, it is segmented into barcode and Radiofrequency identification (RFID). Barcode accounts for the most significant proportion of surgical instrument tracking systems because the growing adoption of barcodes in healthcare facilities due to the low installation cost results in the increasing adoption of barcodes in the surgical instrument tracking system market. The 2D barcodes and QR codes help the sterile staff processing members to identify instruments more accurately.


  • Barcode provides quicker and more precise exchange and recording of data helping the track of work in the process.

  • Sterile Processing Microsystem (SPM) by Steris healthcare is an electronic sterile processing asset management system that uses barcode technology to track the real-time location of instrument sets from sterilization to dispatch to the medical procedure.        


While on the other hand radiofrequency identification (RFID) segment is likely to expand its space into large projects. The RFID tags help to track the medical instruments in the medical facility. Also, RFID tags store the information on medical instrument’s vital statistics like repair cycle, and location.

The launch of the latest software and hardware items is likewise expected to support surgical instrument tracking devices in the future. Moreover, due to the repetitive purchase of non-durable RFID tags and barcode labels that need replacement is expected to drive the market growth in the forecast period.


  • Censis OR Scheduler Interface gives instantaneous tracking to surgical cases and catches all sterilization records required for accreditation and contamination prevention purposes.

  • KeyDot software is an efficient and affordable solution for surgical instrument tracking. The 2D barcode is easily applied to an instrument’s surface and has been tested for sanitization viability.


Regional Analysis


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North America accounts for the largest share of surgical instrument tracking systems because the presence of profoundly evolved medical care infrastructure and quick adoption of modern innovations and items are expected to drive the geographical market growth.

Another driving factor for the growth in the market is the adoption of surgical instrument tracking devices after several cases of retained foreign bodies were reported across the globe.


  • In September 2018, leading hospitals like Mayo Clinics Saint Mary’s Hospital (Minnesota) and Rush university medical care center (Chicago) also applied the RFID tags to monitor the surgical instruments, sterilization procedures, and calibration.

  • The Ottawa Hospital is the first in Canada to install the ‘Alex Gold’ tracking software to track its vital equipment effectively. Also, The Ottawa Hospital implement the multi-facility system of Alex Gold in its three more campuses which will help them to identify and track the location of surgical instrument sets and equipment throughout the three city hospital sites.

  • In South Carolina, Greenville hospital has 1,268 licensed beds, and 1,250 physicians out of 10,500 employees. The hospital deploys RFID surgical instrument tracking system, and after the implementation RFID tags the hospital reports that not a single instrument has been lost.


While, Asia-Pacific is expected to grow due to the increasing awareness about RFID tags in surgical instrument tracking along with the rising number of surgeries combined with the rapidly evolving healthcare industry in Asian countries like China, India, and Indonesia is projected to maximize the regional market development in surgical instrument tracking systems.     

Key Players Covered


The article will include the profiles and products of key players such as Fortive Corporation, Material Management Microsystems, Becton, Dickinson, and Company (BD), Haldor Advanced Technologies, STERIS, STANLEY Healthcare, Getinge AB , Mobile Aspects, Integra LifeSciences Holdings Corporation, Xerafy, B. Braun Melsungen AG, SpaTrack Medical Limited, syrma SGS

Segmentation


















By Product


By  Technology


By End User


By Geography



  • Hardware

  • Software

  • Services




  • Barcode

  • Radiofrequency Identification (RFID)




  • Hospitals and Clinics

  • Ambulatory Surgical Centers

  • Others




  • North America (U.S. and Canada)

  • Europe (Germany, U.K., Spain, France, Italy and Rest of Europe)

  • Asia Pacific (India, China, Japan, rest of Asia pacific)

  • Middle East & Africa (UAE, South Africa, and Rest of MEA)

  • Latin America (Brazil, Mexico, and the Rest of LATAM )



Key Industry Developments



  • In August 2021, SATO partnered with Xerafy to bring pioneering metal skin radio frequency identification (RFID) labels to the automotive, and manufacturing markets, through its RFID-enabled printers.

  • In November2020, STERIS plc. acquired Key Surgical. This acquisition strengthen, complements and expands STERIS’s product portfolio offerings and global reach.

  • In May 2020, STANLEY Healthcare collaborated with CISCO. As part of this collaboration, STANLEY Healthcare’s AeroScout Real-time Location System (RTLS) platform was fully integrated with Cisco DNA Spaces. Also, this platform offers the wide visibility for location of asset and people’s healthcare environment.

  • In November 2019, Fortive Corporation acquired Censis Technologies to expand its SaaS-based surgical instrument tracking and workflow solutions for sterile processing department (SPDs) of hospitals and ambulatory surgical centers.





  • Ongoing
  • 2023
  • 2019-2022

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