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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.
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.
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.
The report will cover the following key insights
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.
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.
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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.
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.
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
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