Europe Surgical Instrument Tracking Systems Market is expected to gain market growth in the forecast period till 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 12.8% in the forecast period till 2028 and is expected to reach USD 490.02 million by 2028. Establishment of unique device identification (UDI) system by FDA and increasing cross-contamination and infections due to the surgical instruments are the major drivers which propelled the demand of the market in the forecast period. Surgical instruments have their own useful life and manufacturers usually indicate the number of cycles an instrument can be used for. For e.g. bipolar vessel-sealing surgical instruments. the demand for surgical instrument tracking systems is also growing. In hospitals, the adoption of instrument tracking devices has witnessed a significant growth, which is boosting the sales of surgical instrument tracking systems globally. The factors like the growing need for inventory management coupled with the implementation of Unique Device Identification (UDI) regulations by the FDA, rapid technological development, and increased government efforts, encouraging the adoption of such devices are expected to aid the industry over the forecast period. Detection of medical equipment, along with the need for enhanced inventory management practices for surgical instruments, including sterilisation procedures, are some of the major issues encountered during the work cycle in the hospitals. Thus, the manufacturers are developing innovative technologies, which, in turn, is aiding the growth of the industry.
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Surgical sets are assembled as per pre-defined instrument checklists and may sometimes contain over 200 instruments. A CSSD technician must meticulously assemble sets, making sure no items are missing or mismatched. This job is complex and requires technicians to have in-depth knowledge and experience. Time pressures are par for the course and it is not uncommon to find sets deviating from defined checklists. This task can be made easier through use of a tracking system that gives pictorial guides to technicians for identifying instruments, or better still, automatically identifying and matching instruments via RFID / Barcode reading.
When handling recall of a sterilization batch, the key task is retrieval of affected items. Manual sterilization records seldom contain sufficient information about the load that was present in each batch, and it falls upon staff to check every label on packs in storage to retrieve recalled items. A good surgical instrument tracking system, on the other hand, creates detailed load records and can help identify the exact location of affected inventory. It also allows patient-wise traceability so that if any recalled item was used on a patient before the recall was announced, such patients can be carefully monitored by the care-giving staff.
Highlight of Table of Content:
- Chapter 1: Market overview
- Chapter 2: Europe Surgical Instrument Tracking Systems Market analysis
- Chapter 3: Regional analysis of the Europe Surgical Instrument Tracking Systems Market
- Chapter 4: Market segmentation based on types and applications
- Chapter 5: Revenue analysis based on types and applications
- Chapter 6: Market share
- Chapter 7: Competitive Landscape
- Chapter 8: Drivers, Restraints, Challenges, and Opportunities
- Chapter 9: Gross Margin and Price Analysis
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Profound Questions Answered in this Report:
- What is the growth rate of various stages in the value chain of the industry?
- Which region has the highest growth rate and size of the emerging market by value in 2022?
- Who are the competitive players in Europe Surgical Instrument Tracking Systems Market?
- Which region has the largest share and degree of competition in the industry?
- What is the CAGR of the market during the forecast period 2022 to 2028?
- Which region is expected to hold the highest market share for the market?
- What is the main driver of the Europe Surgical Instrument Tracking Systems Market?
- What is sales volume, revenue, and price analysis of top players of the market?
- What are the market opportunities and threats faced by the vendors in the industry?
- What has been the impact of COVID-19 on the Europe Surgical Instrument Tracking Systems Market?
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