Top Companies in the Surgical Instrument Tracking System

The surgical instrument tracking systems market is projected to reach USD 751.2 million by 2030 from USD 371.4 million in 2025, at a CAGR of 15.2% from 2025 to 2030. Tracking systems are gaining importance among healthcare providers due to the drive to reduce costs and increase efficiency. Ensuring better inventory and asset management practices is key to this drive. End users are focused on minimizing the loss of valuable assets and ensuring smooth workflows. Other factors driving market growth include the FDA’s Unique Device Identification mandates and the growth of the surgical instruments market. However, high system costs, long investment cycles, budgetary constraints, and technological limitations are expected to restrain market growth to a certain extent.

Other factors driving market growth include the FDA’s Unique Device Identification mandates and the growth of the surgical instruments market. However, high system costs, long investment cycles, budgetary constraints, and technological limitations are expected to restrain market growth to a certain extent. Also, due to the COVID-19 pandemic, there was a slight decrease in growth in the first quarter of 2021. With elective and non-elective surgeries postponed, delayed, or cancelled worldwide, there was a marked decrease in the use of surgical instrument tracking systems and consumables.

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Some of the major players in the surgical instrument tracking systems market with significant global presence include Fortive Corporation (US), Becton, Dickinson and Company (US), Haldor Advanced Technologies (Israel), Intelligent InSites, Inc. (US), and Key Surgical, Inc. (US), among others. These players have incorporated various organic and inorganic growth strategies, including acquisitions, product launches, product approvals, and partnerships, to strengthen their international footprint and capture a greater share of the surgical instrument tracking systems market. These organic and inorganic strategies have allowed the market players to expand across geographies by offering Surgical instrument tracking systems products.

• In July 2024, Mobile Aspects (US) launched SurgiCart, the first RFID-enabled mobile case cart designed to address critical healthcare challenges by enabling real-time tracking and visibility of supplies in dynamic, fast-paced clinical environments.
• In February 2023, HID Global Corporation (US) acquired GuardRFID, a leading RTLS solutions provider in healthcare, strengthening HID’s portfolio in active RFID and enabling expanded use cases tailored to healthcare facility needs.
• In June 2022, HID Global Corporation (US) acquired ACURA, a Brazilian RFID hardware manufacturer and reseller, strengthening its RFID portfolio and expanding operational and manufacturing capabilities to reinforce its strategic presence in the Latin American market.
• In May 2022, HID Global Corporation (US) acquired Vizinex RFID, enhancing its RFID tag portfolio and expanding its footprint across key verticals such as healthcare, manufacturing, oil & gas, and data centers with advanced technology capabilities.

Some of the prominent players operating in the market include, are Fortive Corporation (US), Becton, Dickinson and Company (US), Key Surgical, Inc. (US), Mobile Aspects (US), Xerafy (Singapore), Securitas Healthcare LLC (US), B. Braun SE(Germany), Getinge AB (Sweden), SpaTrack Medical Limited (UK), and Scanlan International, Inc. (US)

Fortive Corporation (US)

Fortive Corporation, through its subsidiary Censis Technologies, holds a leading position in the surgical instrument tracking systems market due to its strong brand recognition, robust product portfolio, and focus on operational excellence. Censis Technologies' flagship solution, CensiTrac, offers advanced tracking capabilities for trays, individual surgical instruments, and scopes, catering to the unique needs of hospitals, acute care facilities, and government institutions across the US. The company’s dominance in the market is reinforced by its comprehensive service offerings, scalable solutions, and continued innovation in instrument-level tracking technologies. By addressing critical challenges such as regulatory compliance, inventory management, and surgical workflow optimization, the company enables healthcare providers to enhance patient safety and operational efficiency. The trust built through reliable service and tailored solutions positions Fortive as a preferred partner in the surgical tracking space, making it a key player in the US and a benchmark in the global market.

Becton Dickinson and Company (US)

Becton Dickinson and Company (BD) is recognized as a leading player in the Surgical Instrument Tracking Systems market, owing to its strong brand reputation and a comprehensive portfolio of scalable, real-time, and integrated tracking solutions. BD serves a wide range of healthcare stakeholders, including hospitals, clinical diagnostic labs, pharmaceutical and biotechnology companies, universities, and government agencies. Its robust presence is supported by a strong distribution network, combining independent channels with direct sales to healthcare institutions. Its continued investment in R&D—primarily conducted in North America—enables the company to innovate and meet evolving compliance and operational demands. Additionally, BD strategically expands its footprint in emerging markets across Eastern Europe, the Middle East, Africa, Latin America, and parts of Asia-Pacific, reinforcing its global presence. This broad market reach, combined with its advanced product capabilities and focus on quality, positions BD as a dominant and trusted player in the global surgical instrument tracking systems landscape.

Market Ranking

The ranking of the companies in the surgical instrument tracking systems market is based on market share analysis, secondary research, and validation from primary respondents. This rating considers revenue derived from product portfolio breadth and depth, innovation, and approvals/launches. The Surgical instrument tracking systems market is consolidated, with five main players collectively holding >50% of the total market share. The analysis states Becton Dickinson and Company (US), Stanley Healthcare (US), Fortive Corporation (US), Getinge AB (Sweden), and STERIS (Ireland) as the top five players leading the market of surgical instrument tracking systems. Fortive Corporation (US) stands out in the industry for its diverse portfolio of advanced surgical instrument tracking systems products. Becton Dickinson and Company (US) maintains a strong global presence with its advanced portfolio of surgical instrument tracking products. Additionally, STERIS plc (Ireland) stands out for its significantly diverse portfolio across the globe. The company continuously involves itself in organic strategies to maintain its position in the market. Getinge AB (Sweden) and Securitas Healthcare LLC (US) stand out in offering advanced surgical instrument tracking systems. The remaining <50% of the market is shared among other regional and emerging vendors, contributing to extensive fragmentation and offering opportunities for smaller players to establish a footprint.

Related Reports:

Surgical Instrument Tracking System Market by Component (Software, Hardware, Services), Technology (Barcode, Radiofrequency Identification), End User (Hospitals, Ambulatory Surgical Centers, Other End Users), Region - Global Forecast to 2030

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