Surgical Instruments Tracking Devices Market to Grow with a CAGR of 15.17% through 2030
Increasing the number of surgical procedures
is expected to drive the growth of global surgical Instruments tracking
devices in the forecast period, 2026-2030.
According
to TechSci Research report, “Surgical Instruments Tracking
Devices Market - Global Industry Size, Share, Trends, Opportunity, and
Forecast, 2030F”, the Global Surgical Instruments Tracking Devices
Market was valued at USD 321.45 million in 2024 and is expected to reach USD
750.29 million by 2030 with a CAGR of 15.17% during the forecast
period. This can be ascribed to the increasing number of sports injuries,
accidents, cardiovascular illness, and chronic disorder along with growing
number of surgical procedures among the population, globally. Additionally,
increasing demand from FDA and growing healthcare expenditure especially, in
the developed countries in North America and Europe, are expected to create
lucrative opportunities for the market growth in the coming years. Besides,
increasing investment by government organizations in the healthcare sector for
the development of new therapies and devices is further expected to support
market growth. Similarly, growing levels of disposable income and urbanizations
are the major factors that will boost the market growth during the forecast
period. Additionally, a growing emphasis on better patient care and inventory
management, a growing focus of manufacturers on the adoption of advanced
technologies and a growing number of key players in the market will further
boost the market growth during the forecast period.
However,
the high cost of tracking devices along with technological limitations, are
slowing down the growth of the global surgical instruments tracking
devices market in the forecast period. Similarly, lengthy
investment cycles may also hamper the surgical instruments tracking
devices market growth during the forecast period. Also, return on
investment on tracking systems is low and thus further lack of understanding
about the necessity of these technologies in emerging countries can further
restrict the growth of the global surgical instruments tracking devices market.
Also, technological limitations are expected to restrain the growth of the
surgical instrument tracking devices market during the forecast period.
Browse
over XX market data Figures spread through XX Pages and an in-depth TOC
on “Global Surgical Instruments Tracking Devices Market”.
The
Global Surgical Instruments Tracking Devices Market is segmented into
Component, Technology, End User, Regional Distribution and Company.
Based on Component, the software segment is projected to show the
fastest growth among all components. This surge is driven by the increasing
need for real-time data integration, automation, analytics, and compliance
tracking within hospital surgical departments and sterile processing units. As
healthcare systems globally move towards digital transformation, there is
growing demand for software solutions that not only track surgical instruments
but also provide end-to-end visibility into inventory levels, instrument
sterilization cycles, usage history, and maintenance requirements. Modern
tracking software offers advanced features such as cloud-based dashboards,
predictive analytics for instrument lifecycle management, integration with
Electronic Health Records (EHR), and alerts for recall or overdue
maintenance—enhancing operational efficiency and patient safety. Governments
are also pushing hospitals to maintain accurate documentation of surgical
tools. For instance, the U.S. FDA’s Unique Device Identification (UDI) rule
mandates detailed digital traceability of reusable surgical instruments, which
has accelerated the adoption of software-driven systems. In countries like
Germany and the U.K., national digital health frameworks have encouraged
healthcare providers to integrate automated tracking software with their
central IT systems.
Based on the Region, Asia Pacific is expected to exhibit the
fastest growth in the Global Surgical Instruments Tracking Devices Market,
driven by a combination of expanding healthcare infrastructure, increasing
surgical procedures, and growing emphasis on patient safety and hospital
efficiency. Countries like China, India, Japan, and South Korea are making
significant investments in modernizing their healthcare systems and
incorporating advanced digital technologies to enhance surgical outcomes and
ensure better asset management within hospitals. The rise in the number of
multi-specialty hospitals, coupled with the growing middle-class population and
increasing demand for quality medical care, is contributing to the adoption of
surgical instrument tracking solutions. Furthermore, government initiatives to
improve hospital standards and encourage the use of health information
technologies are accelerating the digital transformation across healthcare
institutions in the region. For example, India's National Digital Health
Mission (NDHM) promotes the integration of digital tools in hospitals, which
indirectly supports the implementation of tracking systems for surgical tools.
Major
companies operating in the Global Surgical Instruments Tracking
Devices Market are:
- ASANUS
Medizintechnik GmbH
- Becton,
Dickinson, and Company
- B.
Braun Melsungen AG
- FingerPrint
Medical Limited
- Fortive
Corporation
- Getinge
AB
- Integra
Lifesciences Holding Corporation
- Murata
Manufacturing Co., Ltd
- Stanley
Black & Decker, Inc.
- Steris
plc.
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“North
America is expected to dominate in the global surgical instruments tracking devices market due to the increasing
adoption of advanced technologies and products along with the presence of
highly developed healthcare infrastructure across the region. Furthermore,
increasing number of surgical procedures and increasing investments by major
key players to produce novel drugs, are further contributing to the demand of
transcriptomics. Also, increasing demand for implementing unique device
identification standards and inventory management devices will further boost
the market growth during the forecast period. Similarly, growing demand for
non-durable RFID chips and barcode tags is expected to create a significant
during the forecast period. Besides, increasing favorable government
reimbursement policies and growing awareness about usage of transcriptomics in
the region, are further expected to create lucrative opportunities for the
market growth” said Mr. Karan Chechi, Research Director of TechSci Research, a
research based global management consulting firm.
“Surgical Instruments Tracking Devices Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented by Component (Hardware, Software, Services), By Technology (Barcode Systems, Radio Frequency Identification Devices (RFID) Systems, Internet of Things (IoT)), By End User (Hospitals, Ambulatory Surgical Centers, Others), By Region and Competition, 2020-2030F”, has evaluated the future
growth potential of global surgical instruments tracking devices market and
provides statistics & information on market size, structure, and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in global surgical instruments tracking devices market.
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