Global surgical instrument tracking systems market was valued at around USD160 million until 2021 and is expected to grow at a robust CAGR during the forecast period. The global surgical instrument tracking systems market is driven by extensive utilization of instrument tracking products by hospital across the globe. Moreover, surging need for improved practices for managing assets is expected to positively impact the growth of market during the forecast period. Also, continuous technological advancement in the healthcare industry is further expected to bolster the growth of market over the next few years. The global surgical instrument tracking systems market is segmented based on technology, component, end user, company, and region. Based on technology, the market can be categorized into barcode and RFID. Out of these, the RFID segment dominated the market in terms of largest market share during 2021 and is expected to maintain its leading position the market during the forecast period as well. This can be ascribed to the benefits of RFID over barcode labelling such as capability to enable multiple dynamic data updates with rapid read rates and batch reading capability, faster data transmission, higher data storage capacity, and ability to perform multiple read-write of data to the tag. Therefore, such benefits are driving the high adoption of the RFID technology for the management of surgical instruments in hospitals, which is anticipated to bolster the growth of segment over the coming years. Major players operating in the global surgical instrument tracking systems market include Censis Technologies, Material Management Microsystems, Becton, Dickinson and Company, Haldor Advanced Technologies, Intelligent InSites, Inc., Key Surgical, Inc., Mobile Aspects, TGX Medical Systems, Xerafy, STANLEY Healthcare, B. Braun Melsungen AG, Getinge AB, SpaTrack Medical Limited, Scanlan International, Inc. and others. The companies are developing advanced technologies and launching new products in order to stay competitive in the market. Other competitive strategies include mergers & acquisitions, partnership, agreements, and new developments. Download Free Sample Report: https://www.techsciresearch.com/sample-report.aspx?cid=5049 For More Information Visit: https://www.techsciresearch.com/report/surgical-instrument-tracking-systems-market/5049.html