Surgical Instruments Tracking Systems Market Considerable Growth And ForecastPosted by Neha Bora on February 6th, 2020 San Francisco, 6 February 2020: The Report Surgical Instruments Tracking Systems Market Size, Share & Trends Analysis Report By Product (Hardware, Software, Services), By Technology (Barcodes, RFID), By End Use, And Segment Forecasts, 2019 – 2026 The global surgical instrument tracking systems market size is expected to reach a value of USD 536.0 million by 2026, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 19.9% during the forecast period. Rising incidence of retained surgical foreign bodies in the body during surgery is expected to boost the growth. In U.S., around 4,500 to 6,000 surgical equipment are left in the surgical sites, annually, leading to the requirement for an additional surgery to remove that equipment from the body. Thus, there is an increasing demand for operating instruments tracking products. Increasing need for inventory management and implementation of Unique Device Identification (UDI) regulations by the Food and Drug Administration (FDA) are some of the major factors supporting the market growth. The U.S. FDA has proposed a rule requiring UDI for medical devices to encounter the requirements of the FDA Amendments Act, to improve medical devices safety and reporting of device-related adverse events. According to the UDI regulations, surgical instruments would essentially to have be UDI marked on the device to modernize post market surveillance and patient safety of various surgical instruments. Thus, favorable government regulations for implementation of tracking solutions is projected to boost the market growth. Access Research Report of Surgical Instruments Tracking Systems Market @ https://www.grandviewresearch.com/industry-analysis/surgical-instrument-tracking-systems-market Further key findings from the study suggest:
Grand View Research has segmented the global surgical instrument tracking systems market report on the basis of product, technology, end use, and region: Surgical Instrument Tracking Systems Product Outlook (Revenue, USD Million, 2015 - 2026)
Surgical Instrument Tracking Systems Technology Outlook (Revenue, USD Million, 2015 - 2026)
Surgical Instrument Tracking Systems End Use Outlook (Revenue, USD Million, 2015 - 2026)
Surgical Instrument Tracking Systems Regional Outlook (Revenue, USD Million, 2015 - 2026)
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