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Forecast Year
The global surgical instrument tracking systems market value was USD 222.96 million in 2024, driven by the rising incidence of retained surgical instruments across the globe. The market size is anticipated to grow at a CAGR of 20% during the forecast period of 2025-2034 to achieve a value of USD 1,150.42 million by 2034.
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The major factors driving the industry growth are the growing incidences of retained surgical instruments in the human body and the misplacement of such devices after surgical operations. Thus, the demand for advanced solutions like 2D barcodes and RFID to monitor the retained equipment is rising, boosting the sales of surgical instrument tracking systems globally.
Surgical instrument tracking systems are devices with advanced scanning technology in combination with inventory management application software, which provides management solutions for comprehensive surgical devices. It helps the user to gain full control over the surgical inventory.
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The global surgical instrument tracking systems market can be divided based on segments like product, technology, and regions.
The EMR report looks into the regional surgical instrument tracking systems markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
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With the growing instances of surgeries, 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.
The software segment, among other product-types, leads the global surgical instrument tracking systems market, accounting for the highest share in the market. Further, the barcode technology, particularly 2D barcodes like data matrix and QR code, accounted for a major share in the market in 2020 owing to its increased adoption in the medical devices industry due to its low cost and robust build.
Region-wise, while North America dominated the surgical instrument tracking systems industry, accounting for the highest share in the market in 2020, the Asia Pacific is expected to witness the fastest growth rate over the forecast period owing to the untapped growth opportunities and the rapidly evolving healthcare sector in countries like China and India in the region.
The report presents a detailed analysis of the following key players in the global surgical instrument tracking systems industry, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Types |
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| Breakup by Technology |
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| Breakup by End User |
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| Breakup by Distribution Channel |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The surgical instrument tracking market was valued at USD 222.96 million in 2024.
The market is expected to grow at a CAGR of 20% from 2025 to 2034 to reach a value of USD 1,150.42 million by 2034.
The major drivers of the market include the growing incidences of retained surgical instruments in the human body and the misplacement of such devices after surgical operations, rising need for inventory management, growing technological development, and innovations in the industry.
The growing demand for advanced solutions like 2D barcodes and RFID to monitor the retained equipment is the key industry trend propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The leading products of surgical instrument tracking systems in the industry are hardware systems, software systems, and services.
The major technologies of surgical instrument tracking systems in the market are barcodes and radio frequency identification (RFID).
The major players in the industry are Censis Technologies, Inc., Xerafy Singapore Pte Ltd., Getinge AB, Microsystems, Inc., B. Braun Melsungen AG, Haldor Advanced Technologies and SpaTrack Medical Limited, among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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