Industries > Pharma > Global RFID in Healthcare Market Report 2019-2029

Global RFID in Healthcare Market Report 2019-2029

Analysis by Component (Readers, Tags, Printers, Cabinets), by Application (Supply Chain and Medical Report, Samples and Blood Transfer Tracking, People Identification and Tracking, Medicine Tracking, Equipment Tracking), by End User (Hospitals, Biotechnology Companies, Pharmaceutical Companies), Company and Country Analysis and Forecasts

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Market Definition:
• RFID technology in healthcare has been used in supply chain management, primarily to track goods.
• RFID technology improves the cost saving and also increases the efficiency of the hospitals and healthcare industry.
• Enhancement of inventory administration in emergency clinics, hospitals, drug stores, and biotechnology organizations; improved patient security by social insurance suppliers, ease and high viability of the RFID systems, and appropriation of robotized process in medical clinics and drug stores are relied upon to goad the development of healthcare RFID during the conjecture time period. Besides, many research exercises are being completed by non-benefit associations and organizations for advancement of new advances to strengthen RFID in healthcare.

Market Overview and Trends
• The RFID in healthcare industry offers various benefits such as tracking, patient safety, efficiencies in patient care, and provider satisfaction.
• RFID tags provide the ability to reduce misidentification issues in healthcare.
• The increasing demand for RFID in healthcare due to its ability to track the assets with the help of tags and readers saves time and cost.
• This technology is used among various healthcare institutions, biotech and pharmaceutical companies.

Market Dynamics:

Factors Influencing the Market Growth:
• Growing stringency in pharmaceutical sector with regards to medicine labeling
• Increased applications and use of devices supporting RFID across the healthcare sector

Factors Restraining the Market Growth:
• Development of alternate labeling methods
• Technical limitations

Market Segmentation 2019-2029:

Component
• Readers Market, 2019-2029
• Tags Market, 2019-2029
• Printers,2019-2029
• Cabinets, 2019-2029

Application
• Supply Chain and Medical Report Market, 2019-2029
• Samples and Blood Transfer Tracking Market, 2019-2029
• People Identification and Tracking Market, 2019-2029
• Medicine Tracking, 2019-2029
• Equipment Tracking, 2019-2029

End User
• Hospitals Market, 2019-2029
• Biotechnology Companies Market, 2019-2029
• Pharmaceutical Companies, 2019-2029

Geographic breakdown
Focused regional forecasts and analysis explore the future opportunities:
• North America Market, 2019-2029
• Europe Market, 2019-2029
• Asia-Pacific Market, 2019-2029
• Middle East Market, 2019-2029
• Africa Market, 2019-2029

Competitive Analysis:
• Being a new technology, there are very few companies operating in the RFID in Healthcare Market.
• Increasing number of collaborations, partnership and acquisition in the medical device industry, research by non-profits organizations and presence of well-developed healthcare infrastructure contribute to the dominance of North American
• Companies are strategically expanding their global presence and offering improved RFID in Healthcare technology across various sectors. Alien Technology announced the Higgs-9 IC, which is its next-generation of Higgs RFID semiconductor integrated circuits. This allows enterprise-critical applications to run faster, smarter, and with quicker ROI in RFID deployments.

Major Market Players:
• Smartrac NV, Avery Dennison Corporation, CCL Industries Inc., Alien Technology Corporation, GAO RFID, Inc, Honeywell International Inc., S3Edge Inc., STANLEY Healthcare, Biolog Inc., Impinj Inc., Mobile Aspects Inc. Champion Healthcare Technologies, Terso Solutions Inc,RF Technologies, Hitachi, Ltd, Siemens AG, Radianse, STid Groupe, The 3M Company, IBM Corporation, BearingPoint, Alvin Systems, ACC Systems Inc, American RFID Solutions

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CCR Ref number: KD4R6

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