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 2023
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.
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he 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.
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.
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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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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 2027Market HighlightsRadiofrequency 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.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/7580Regional AnalysisThe 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.
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.Get free sample copy @ https://www.marketresearchfuture.com/sample_request/7580The 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.Market key PlayersSome 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 RFIDSegmentationThe 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 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.Regional AnalysisThe 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.
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 HighlightsRadio frequency identification (RFID) solutions in the healthcare sector are an asset favored by major organizations due to their ability in saving time and money.
The global healthcare RFID market report by Market Research Future (MRFR) pinpoints pertinent growth drivers and challenges faced for the period of 2018 to 2023 with a suitable pulse on the latest trends.Market OutlookThe global healthcare RFID market is expected to exhibit a CAGR of 23.37% from 2018 to 2023 (forecast period).
The focus of hospitals in providing quality patient care as well as improvements of the inventory management system in pharmacies, hospitals, and biotechnology companies is expected to fuel market growth.
This would prove to be a boon in reducing the overhead costs of healthcare organizations.
The use of RFID in reducing patient errors, tracking of patients and equipment, and better tracking of assets are other drivers which can bolster the demand of the healthcare RFID market.Lack of awareness of RFID systems, technical bugs, and high costs of installation are certain challenges which may pose a challenge to the market.Request Free Sample Copy at:https://www.marketresearchfuture.com/sample_request/7580Segmentation AnalysisThe global healthcare RFID market is segmented by component, application, and end-use.By component, it is segmented into tags, readers, middleware, printers, and others.
The tags segment can dominate during the forecast period due to its application in pharmaceutical tracking, asset tracking, and patient tracking.By application, it is segmented into medicine tracking, equipment tracking, people identification and tracking, medical report and blood samples tracking, and others.By end-use, it is segmented into research institutes, pharmaceutical and biotechnology companies, hospitals, and others.
