The global surgical instrument tracking systems market is expected to grow substantially from 2016 to 2021, according to a Research and Markets report.
Here are four takeaways:
1. In 2016, the market was valued at $92.2 million.
2. The market is projected to hit $204.8 million at a compound annual growth rate of 17.3 percent from 2016 to 2021.
3. Unique device identification regulations, an increasing need for inventory management, more patient safety concerns and the drive to maximize revenues through operational efficiency are spurring market growth.
4. Market players include Key Surgical, Stanley Healthcare, TGX Medical Systems, Xerafy, Vizbee RFID Solutions, Mobile Aspects, Material Management Microsystems, Intelligent Insites, Infor, Getinge Group, Censis Technologies, Becton Dickinson, B. Braun and Applied Logic.
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