RFID In Healthcare Market – Global Industry Analysis and Forecast (2022-2029)

RFID In Healthcare Market size is expected to reach US$ 23.14 Bn. by year 2029 at a CAGR of 21.92% during the forecast period.

Radio frequency identification (RFID) is a wireless technology-based system which collects data from tags that are attached to an object. This is done using radio waves. The data is collected for several purposes like tracking of objects and their automatic identification.

The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

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RFID In Healthcare Market Segment Analysis:
The Segmentation of Global RFID In Healthcare Market is done by application, component, and geography. The leading sub-segment by the component are RFID Tags and RFID Readers and they are expected to be the forerunners in the forecast period. As the demand for advanced technology in healthcare is rising across the globe and also the prices for the RFID tags are declining continuously, there is a growing demand for RFID Tags as well as RFID Readers. Global RFID In Healthcare Market on the basis of geography is segmented by North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

Increasing application and therefore increasing demand for RFID in Healthcare market are trending the overall Global RFID In Healthcare Market. Also, the market is driven by factors such as price, capability, and size. However, security and privacy concerns, a lack of skilled professionals and a large amount of initial installation are the factors which restrain market growth.
RFID in Healthcare Market Regional Analysis:
By volume and value, North America is going to emerge as one of the higher growth regions in the forecast period followed by the Asia Pacific and Europe. Asia-Pacific is expected to grow at the largest rate in the forecast period. Moreover, the growing awareness towards healthcare in the countries of major economies such as India and China will further fuel the Global RFID In Healthcare Market in the healthcare sector.

Blood monitoring systems are anticipated to account for largest share of the global RFID in healthcare market between 2022 and 2029. This growth can be attributed to rising concern for inventory management of blood products over the forecast period.

By application, the largest segment of the Global RFID In Healthcare Market is estimated to be the Inventory management. It has the highest share in the total revenue of RFID. The market will hold arise as the loss incurred by the hospitals is the highest in terms of misplacement of surgical assets.
RFID in Healthcare Market, Key Highlights:
• Assessment of market definition along with the identification of key players and analysis of their strategies to determine the competitive outlook of the market, opportunities, drivers, restraints, and challenges for Global RFID In Healthcare Market during the forecast period
• Complete quantitative analysis of the industry from 2022 to 2029 to enable the stakeholders to capitalize on the prevailing market opportunities
• In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain
• RFID in Healthcare Market analysis and comprehensive segmentation with respect to the application, component, and region to assist in strategic business planning
• Global RFID In Healthcare Market analysis and forecast for five major geographies, Asia Pacific, Europe, North America, Middle East & Africa, Latin America, and their key regions
Years that have been considered for the study are as follows:
• Base Year - 2021
• Estimated Year - 2022
• Forecast Period - 2022 to 2029
For company profiles, 2021 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
RFID in Healthcare Market, Research Methodology:
The research methodology used in this report contains various secondary sources including directories such as Retail Wire, RFID Journal, newsletters and the whitepapers of the leading players in this market. Hoovers and Factiva are some of the sites that are being referred to gain insights into RFID in Healthcare Market. Experts from top manufacturing companies along with other stakeholders have been considered. This is done to validate and collect critical information for evaluating trends related to this market during the forecast period. Top-down and bottom-up approaches have been used to estimate the global and regional size of this market. Data triangulation techniques and other comparative analysis can also be used to calculate the exact size of the RFID in Healthcare Market globally.
Global RFID in Healthcare Market,Key Target Audience:
• Pharmaceutical manufacturers
• Manufacturers of field devices such as sensors, controllers, actuators, relays, and valves
• End-users/enterprise-users
• Nursing homes
• Research institutes and organizations
• Government bodies, venture capitalists, and private equity firms
• Market research and consulting firms
• Enterprise data center professionals
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Global RFID in Healthcare Market


Report Coverage
Details


Base Year:
2021
Forecast Period:
2022-2029


Historical Data:
2017 to 2021
Market Size in 2021:
US $ 4.74 Bn.


Forecast Period 2022 to 2029 CAGR:
21.92%
Market Size in 2029:
US $ 23.14 Bn.


 Segments Covered:
by Application
• Inventory Management
• Equipment Tracking
• People Identification and Tracking
• Medical Report, Samples and Blood Transfer Tracking
• Medicine Tracking
• Supply Chain


by Component
• RFID Tags
• RFID Readers
• RFID Middleware
• RFID Printers
• RFID Cabinets



Global RFID in Healthcare Market, by Region
• North America
• Asia Pacific
• Europe
• The Middle East and Africa
• Latin America
RFID In Healthcare Market Key Players :
• Dolphin RFID Pvt. Ltd.
• GAO RFID Inc.
• Stanley Innerspace
• Impinj, Inc.
• Radianse
• VIZBEE RFID Solutions
• WaveMark, Inc
• LogiTag Systems Ltd.
• ThingMagic, Inc.
• Awarepoint Corporation
• MetraTec GmbH
• STid Electronic Identification
• SMARTRAC N.V.
• Sonitor RTLS Technologies
• Intermec, Inc.
• Motorola Solutions, Inc.
• Invengo Information Technology Ltd. Co.
• Applied Wireless Identifications Group, Inc.
• Alien Technology Corporation
• Honeywell International Inc
• Mobile Aspects, Inc.
• RF Technologies, Inc.
• STANLEY Healthcare
• SATO HOLDINGS CORPORATION
• NewAge Industries, Inc.
• IBM Corporation
Frequently Asked Questions:
1. Which region has the largest share in Global RFID in Healthcare Market?
Ans: North America region held the highest share in 2021.

2. What is the growth rate of Global RFID in Healthcare Market?
Ans: The Global RFID in Healthcare Market is expected to grow at a CAGR of 21.92% during forecast period 2022-2029.

3. What is scope of the Global RFID in Healthcare market report?
Ans: Global RFID in Healthcare Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global RFID in Healthcare market?
Ans: The important key players in the Global RFID in Healthcare Market are – Dolphin RFID Pvt. Ltd., GAO RFID Inc., Stanley Innerspace, Impinj, Inc., Radianse, VIZBEE RFID Solutions, WaveMark, Inc, LogiTag Systems Ltd., ThingMagic, Inc., Awarepoint Corporation, MetraTec GmbH, STid Electronic Identification, SMARTRAC N.V., and Sonitor RTLS Technologies

5. What is the study period of this market?
Ans: The Global RFID in Healthcare Market is studied from 2021 to 2029.