Surgical Instrument Tracking Systems Market Registering A CAGR Of 11.2% From 2021 To 2028
San Francisco, 8 June 2021: The Report Surgical Instrument Tracking Systems Market Size, Share & Trends Analysis Report By Product (Hardware, Software, Services), By Technology (Barcodes, RFID), By End-use, By Region, And Segment Forecasts, 2021 - 2028 The global surgical instrument tracking systems market size is anticipated to reach USD 395.7 million by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 11.2% from 2021 to 2028. The increasing need for inventory management and implementation of Unique Device Identification (UDI) regulations formed by the FDA are some of the major factors supporting the market growth. The U.S. regulations required surgical tools to be marked with a UDI by 2020. Most surgical instruments are identified under class I devices by the U.S. FDA. As per the FDA’s June 2020 guidelines, the agency postponed the compliance date for UDI labeling, Direct Mark, GUDID Data Submission, and Standard Dat