Healthcare RFID Market Leading Players, Statistics, Applications and Trends By 2027
Healthcare
RFID Market: Information By Component (Tags, Readers, Middleware, Printers),
Application (Equipment Tracking, Medicine Tracking, Others), End-User
(Pharmaceutical and Biotechnology Companies, Hospitals, Others) — Global
Forecast till 2027
Healthcare RFID Market Highlights
Radiofrequency
identification (RFID) is used for patient monitoring,
efficiencies in patient care, tracking, and provider satisfaction. RFID is a
wireless system that exploits radio waves for collecting data from a tag
attached to an object, for several purposes such as automatic identification,
and tracking of objects.
The rising concerns about
inventory management, awareness about patient safety, and increasing acceptance
of automation in the healthcare sector are the major factors driving the growth
of the global healthcare RFID market. Additionally, aggressive strategies
adopted by the top players and the introduction of new products in the market
are fueling the growth of the market during the forecast period. For instance,
Alien Technology Corporation, a leader in RFID technology introduced RFID
Reader with the ALR-F800-X, the product is known for its use in maintaining the
workflow and efficiently handling the data. Also, the company is trying to
expand its geographical boundaries by signing distribution agreements.
The high costs associated with
the RFID products and lack of awareness about the RFID in developing countries
are likely to hinder market growth during the forecast period.
Regional
Analysis
The market is likely to
dominate by Americas during the forecast period owing to the increasing
prevalence of cancer patients, increasing cases of drug counterfeiting, and
well-established healthcare sector in the region. The European market is
expected to be the second-largest due to government funding and support of the
healthcare sector, raising awareness about the innovative technologies, and
improvement in the healthcare sector with respect to infrastructure and
facilities. Moreover, the market in Asia-Pacific is anticipated to be the
fastest-growing during the forecast period owing to technological development,
the increasing prevalence of chronic diseases, rising investments in healthcare
and expansions by market players in the region. The market in the Middle East
& Africa is likely to account for the smallest share of the global
healthcare RFID market.
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Segmentation
The global healthcare RFID
market has been segmented on the basis of component, application, end user, and
region.
On the basis of component, the
market has been segmented into tags, readers, middleware, printers, and others.
The tags segment is further divided into active tags and passive tags. The
reader segment is further segmented into active reader and passive reader.
The global healthcare RFID
market, by application, has been segmented into equipment tracking, people
identification and tracking, medical report and blood samples tracking medicine
tracking, and others.
On the basis of end user, the
market has been classified as pharmaceutical and biotechnology companies,
hospitals, research institutes, and others.
Key
Players
Some of the key players in the
global healthcare RFID market are Alien Technology Corporation, Applied
Wireless Identifications Group, Inc., CAEN RFID S.r.l., Gao RFID, Inc.,
Honeywell International Inc., Impinj Inc., Invengo Information Technology Ltd.
Co., Mobile Aspects, Inc., Motorola Solutions, Inc., Radianse, RF Technologies,
Stanley Healthcare, and STiD RFID
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