RFID in Healthcare Market - Global Industry Analysis

RFID in Healthcare Market By Product (Systems & Software, Tags), By Application (Asset Tracking, Patient Tracking, Pharmaceutical Tracking, Blood Tracking, Others), and By Region – Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028

Published Date: 29-Mar-2022 Category: Healthcare Report Format : PDF Pages: 167 Report Code: ZMR-270 Status : Published

The global RFID in healthcare market was worth around USD 1659.2 million in 2021 and is estimated to grow to about USD 3436 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.9 percent over the forecast period.

Description

Industry Prospective:

The global RFID in healthcare market was worth around USD 1659.2 million in 2021 and is estimated to grow to about USD 3436 million by 2028, with a compound annual growth rate (CAGR) of approximately 12.9 percent over the forecast period. The report analyzes the RFID in healthcare market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the RFID in healthcare market.

RFID in Healthcare Market: Overview

Technological proliferation in all walks of life has increased significantly and this trend is also expected to have an impact on the healthcare industry. RFID in healthcare has emerged as a popular trend and is anticipated to have a bright scope of the application over the forecast period.

The healthcare industry has seen some major changes in recent years and technology has become a crucial aspect of the industry. RFID technology has seen an increase in adoption in the healthcare industry and is proving to be a major hit in reducing the overall cost of healthcare infrastructure by offering effective management opportunities. Increasing use of technology in healthcare has substantially reduced the errors and this is a major factor that will guide growth for not only RFID in healthcare market but for other useful healthcare technologies over the forecast period.

However, high costs associated with the RFID in healthcare implementation and deployment are expected to constrain RFID in healthcare market growth through 2028.

Global RFID in Healthcare Market

COVID-19 Impact:

The COVID-19 pandemic revolutionized the healthcare industry and caused the world to rethink complete healthcare infrastructure. Technology played a crucial role in the pandemic and was one of the very essential aspects that kept the world running even in the most adverse of situations and unexpected of times.  

The adoption of RFID in healthcare was negatively impacted in the year 2020 but this trend is expected to change in the post-pandemic era as coronavirus infections are brought under control and the pandemic turns into an epidemic.

High adoption of technology in healthcare is expected to be the major factor driving RFID in healthcare market potential in the post-pandemic era.

RFID in Healthcare Market: Growth Drivers

Improves operational Efficiency

RFID technology has proven its effectiveness in healthcare facility management and this is major propelling the RFID in healthcare market growth through 2028. RFID in healthcare has improved management of inventory, prevention of shortages, overstocking, counterfeiting, etc., and this has largely influenced operating costs of multiple healthcare institutions on a global scale and is expected to further bolster the demand for RFID in healthcare over the forecast period.

RFID in Healthcare Market: Restraints

High Cost of RFID Systems

RFID technology is relatively new in the market and is seeing rapid growth as well but the costs of implementing and deploying this technology are still relatively high and are not possible if the implementation is on a very advanced level for a huge institution. So the costs of the technology are expected to hinder RFID in healthcare market growth in the forecast period. RFID tags with advanced features are more expensive than regular ones and the more feature-heavy tag you opt for the more cost it incurs.

RFID technology providers could solve this problem by developing cost-efficient solutions and components that are easier to access and install for all healthcare institutions.

Global RFID in Healthcare Market: Segmentation

The global RFID in healthcare market is segregated based on product type, application, and region.

By Product Type, the market is divided into systems & software, and tags. Tags segment holds a dominant outlook as it is the most fundamental part of the RFID technology and is required in quantity for the systems to function efficiently. Increasing awareness about the efficiency of this technology is expected to further boost the demand for tags through 2028.

By Application, the RFID in healthcare market is segmented into asset tracking, patient tracking, pharmaceutical tracking, blood tracking, and others. The pharmaceutical tracking segment holds a major market share and is expected to maintain a dominant outlook through 2028. Increasing adoption of RFID in healthcare to identify counterfeit drugs is the major factor favoring the growth of this segment and is expected to continue to do so throughout the forecast period.

Report Scope:

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Recent Developments

  • In August 2020 – a business unit of Novanta Corporation called JADAK announced te launch of a new handheld barcode scanner. The new scanner is enabled with barcode scanning, contactless card reading and prox card reading functionalities which makes it a versatile launch.

Regional Landscape

Asia Pacific region is expected to see growth at the fastest CAGR owing to increasing demand for efficient pharmaceutical supply chains. The presence of key pharmaceutical companies, increasing technological proliferation, improving healthcare infrastructure, growing healthcare expenditure are some of the key factors that guide RFID in healthcare market growth in this region. Emerging economies like India and China are expected to be the most lucrative markets in this region.

The market for RFID in healthcare in North America is anticipated to be the most lucrative region in the global landscape owing to the presence of developed healthcare infrastructure and high technological proliferation are expected to be major trends propelling RFID in healthcare market growth in this region. The major market in this region is expected to be the United States followed by Canada.

Competitive Landscape

Some of the main competitors dominating the global RFID in healthcare market include - LogiTag, CenTrak, SpaceCode, Impinj, Zebra Technologies Corporation, Biolog-id, Terso Solutions, Carinal Health, Mobile Aspects, Tagsys RFID, Pepperl+Fuchs, and metraTec GmbH.

Global RFID in healthcare market is segmented as follows:

By Product

  • Systems & Software
  • Tags

By Application

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France 
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global RFID in Healthcare Market, 2017-2024(USD Billion)
    • 2.2. Global RFID in Healthcare Market : Snapshot
  •  
  • Chapter 3. RFID in Healthcare Market - Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global RFID in Healthcare Market drivers: Impact analysis
      • 3.2.2. Inventory management enhancement in pharmacies, hospitals, and biotech companies
      • 3.2.3. High accuracy and low-cost of RFID systems
    • 3.3. Market restraints
      • 3.3.1. Absence of awareness regarding RFID
      • 3.3.2. Lack of barcode systems
    • 3.4. Opportunities
      • 3.4.1. Research activities undertaken by not for profit organizations intended for the development of new and improved technologies
      • 3.4.2. Increasing adoption of RFID in healthcare
    • 3.5. Porter's five forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. Threat from new entrants
      • 3.5.4. Threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by productsegment
      • 3.6.2. Market attractiveness analysis, by application
      • 3.6.3. Market attractiveness analysis, by end usesegment
  •  
  • Chapter 4. Global RFID in Healthcare Market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global RFID in Healthcare Market: company market share, 2017
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Components Launch
      • 4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures
      • 4.2.4. Research and Development, Regional Expansion
  •  
  • Chapter 5. Global RFID in Healthcare Market - ComponentsSegment Analysis
    • 5.1. Global RFID in Healthcare Market: Componentsoverview
      • 5.1.1. Global RFID in Healthcare Market revenue share, by Components, 2017 and 2024
    • 5.2. Readers
      • 5.2.1. Global RFID in Healthcare Market for Readers, 2017 - 2024(USD Billion)
    • 5.3. Tags
      • 5.3.1. Global RFID in Healthcare Market for Tags, 2017 - 2024(USD Billion)
    • 5.4. Printers
      • 5.4.1. Global RFID in Healthcare market for Printers, 2017 - 2024 (USD Billion)
    • 5.5. Cabinets
      • 5.5.1. Global RFID in Healthcare market for Cabinets, 2017 - 2024 (USD Billion)
  •  
  • Chapter 6. Global RFID in Healthcare Market - ApplicationSegment Analysis
    • 6.1. Global RFID in Healthcare Market: Applicationoverview
      • 6.1.1. Global RFID in Healthcare Market revenue share, by Application, 2017 and 2024
    • 6.2. Supply Chain and Medical Report
      • 6.2.1. Global RFID in Healthcare market for Supply Chain and Medical Report, 2017 - 2024 (USD Billion)
    • 6.3. Samples and Blood Transfer Tracking
      • 6.3.1. Global RFID in Healthcare market for Samples and Blood Transfer Tracking, 2017 - 2024 (USD Billion)
    • 6.4. People Identification and Tracking
      • 6.4.1. Global RFID in Healthcare market for People Identification and Tracking, 2017 - 2024 (USD Billion)
    • 6.5. Medicine Tracking
      • 6.5.1. Global RFID in Healthcare market for Medicine Tracking, 2017 - 2024 (USD Billion)
    • 6.6. Equipment Tracking
      • 6.6.1. Global RFID in Healthcare market for Equipment Tracking, 2017 - 2024 (USD Billion)
  •  
  • Chapter 7. Global RFID in Healthcare Market - End UserSegment Analysis
    • 7.1. Global RFID in Healthcare Market: End Useroverview
      • 7.1.1. Global RFID in Healthcare Market revenue share, by End User, 2017 and 2024
    • 7.2. Hospitals
      • 7.2.1. Global RFID in Healthcare market for Hospitals, 2017 - 2024 (USD Billion)
    • 7.3. Biotechnology Companies
      • 7.3.1. Global RFID in Healthcare market for Biotechnology Companies, 2017 - 2024 (USD Billion)
    • 7.4. Pharmaceutical Companies
      • 7.4.1. Global RFID in Healthcare market for Pharmaceutical Companies, 2017 - 2024 (USD Billion)
  •  
  • Chapter 8. Global RFID in Healthcare Market - Regional Segment Analysis
    • 8.1. Global RFID in Healthcare Market: Regional overview
      • 8.1.1. Global RFID in Healthcare Market revenue share, by region, 2017 and 2024
    • 8.2. North America
      • 8.2.1. North America RFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
      • 8.2.2. North America RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
      • 8.2.3. North America RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.2.4. U.S.
        • 8.2.4.1. U.S. RFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.2.4.2. U.S. RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.2.4.3. U.S. RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.2.5. Canada
        • 8.2.5.1. Canada RFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.2.5.2. Canada RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.2.5.3. Canada RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.2.6. Rest of North America
        • 8.2.6.1. Rest of North AmericaRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.2.6.2. Rest of North AmericaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.2.6.3. Rest of North AmericaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
    • 8.3. Europe
      • 8.3.1. EuropeRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
      • 8.3.2. EuropeRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
      • 8.3.3. EuropeRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.3.4. Germany
        • 8.3.4.1. GermanyRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.3.4.2. Germany RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.3.4.3. Germany RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.3.5. U.K.
        • 8.3.5.1. U.K. RFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.3.5.2. U.K. RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.3.5.3. U.K. RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.3.6. France
        • 8.3.6.1. FranceRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.3.6.2. FranceRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.3.6.3. FranceRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.3.7. Italy
        • 8.3.7.1. Italy RFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.3.7.2. Italy RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.3.7.3. Italy RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.3.8. Spain
        • 8.3.8.1. Spain RFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.3.8.2. Spain RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.3.8.3. Spain RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.3.9. Russia
        • 8.3.9.1. Russia RFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.3.9.2. Russia RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.3.9.3. Russia RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.3.10. Rest of Europe
        • 8.3.10.1. Rest of EuropeRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.3.10.2. Rest of EuropeRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.3.10.3. Rest of EuropeRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
    • 8.4. Asia Pacific
      • 8.4.1. Asia PacificRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
      • 8.4.2. Asia PacificRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
      • 8.4.3. Asia PacificRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.4.4. China
        • 8.4.4.1. ChinaRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.4.4.2. ChinaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.4.4.3. ChinaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.4.5. Japan
        • 8.4.5.1. JapanRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.4.5.2. JapanRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.4.5.3. JapanRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.4.6. India
        • 8.4.6.1. IndiaRFID in Healthcare Market revenue, byComponents, 2017 - 2024(USD Billion)
        • 8.4.6.2. IndiaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.4.6.3. IndiaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.4.7. Australia
        • 8.4.7.1. AustraliaRFID in Healthcare Market revenue, byComponents, 2017 - 2024 (USD Billion)
        • 8.4.7.2. AustraliaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.4.7.3. AustraliaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.4.8. Rest of Asia Pacific
        • 8.4.8.1. Rest of Asia PacificRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.4.8.2. Rest of Asia PacificRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.4.8.3. Rest of Asia PacificRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
    • 8.5. Latin America
      • 8.5.1. Latin AmericaRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
      • 8.5.2. Latin AmericaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
      • 8.5.3. Latin AmericaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.5.4. Brazil
        • 8.5.4.1. BrazilRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.5.4.2. BrazilRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.5.4.3. BrazilRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.5.5. Mexico
        • 8.5.5.1. MexicoRFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.5.5.2. MexicoRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.5.5.3. MexicoRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.5.6. Argentina
        • 8.5.6.1. ArgentinaRFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.5.6.2. ArgentinaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.5.6.3. ArgentinaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.5.7. Rest of Latin America
        • 8.5.7.1. Rest of Latin AmericaRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
        • 8.5.7.2. Rest of Latin AmericaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.5.7.3. Rest of Latin AmericaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
    • 8.6. Middle East and Africa
      • 8.6.1. Middle East and AfricaRFID in Healthcare Market revenue, by Components, 2017 - 2024(USD Billion)
      • 8.6.2. Middle East and AfricaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
      • 8.6.3. Middle East and AfricaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.6.4. Saudi Arabia
        • 8.6.4.1. Saudi ArabiaRFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.6.4.2. Saudi ArabiaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.6.4.3. Saudi ArabiaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.6.5. UAE
        • 8.6.5.1. UAERFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.6.5.2. UAERFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.6.5.3. UAERFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.6.6. South Africa
        • 8.6.6.1. South AfricaRFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.6.6.2. South AfricaRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.6.6.3. South AfricaRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.6.7. Qatar
        • 8.6.7.1. QatarRFID in Healthcare Market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.6.7.2. QatarRFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.6.7.3. QatarRFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
      • 8.6.8. Rest of Middle East and Africa
        • 8.6.8.1. Rest of Middle East and Africa RFID in Healthcare market revenue, by Components, 2017 - 2024 (USD Billion)
        • 8.6.8.2. Rest of Middle East and Africa RFID in Healthcare Market revenue, by Application, 2017 - 2024 (USD Billion)
        • 8.6.8.3. Rest of Middle East and Africa RFID in Healthcare Market revenue, by End User, 2017 - 2024 (USD Billion)
  •  
  • Chapter 9. Company Profile
    • 9.1. Hitachi, Ltd.
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Therapy portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. 3M
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Therapy portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. AdvantaPure
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Therapy portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. IBM
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Therapy portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Aaid Security Solutions Inc
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Therapy portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Siemens
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Therapy portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Motorola
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Therapy portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Alvin Systems
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Therapy portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. BearingPoint
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Therapy portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. American RFID Solutions
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Therapy portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. ACC Systems Inc.
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Therapy portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments

Table Of Figures

List of Figures 

1 Market research process
2 Market research methodology
3 Global RFID in Healthcare Market revenue, 2017–2024(USD Billion) 
4 Porter’s five forces analysis
5 RFID in Healthcare Market attractiveness analysis, by Componentssegment
6 RFID in Healthcare Market attractiveness analysis, by Applicationsegment
7 RFID in Healthcare Market attractiveness analysis, by End Usersegment
8 RFID in Healthcare: Market attractiveness analysis, by Regional segment
9 Company market share analysis, 2017
10 Global RFID in Healthcare Market revenue share by Components, 2017 and 2024
11 Global RFID in Healthcare Market for Readers, 2017 – 2024(USD Billion)
12 Global RFID in Healthcare Market for Tags, 2017 – 2024 (USD Billion)
13 Global RFID in Healthcare Market for Printers, 2017 – 2024 (USD Billion)
14 Global RFID in Healthcare market for Cabinets, 2017 – 2024 (USD Billion)
15 Global RFID in Healthcare Market revenue share by Application, 2017 and 2024
16 Global RFID in Healthcare Market for Supply Chain and Medical Report, 2017 – 2024 (USD Billion)
17 Global RFID in Healthcare Market for Samples and Blood Transfer Tracking, 2017 – 2024 (USD Billion)
18 Global RFID in Healthcare Market for People Identification and Tracking, 2017 – 2024 (USD Billion)
19 Global RFID in Healthcare Market for Medicine Tracking, 2017 – 2024 (USD Billion)
20 Global RFID in Healthcare market for Equipment Tracking, 2017 – 2024 (USD Billion)
21 Global RFID in Healthcare Market revenue share by End User, 2017 and 2024
22 Global RFID in Healthcare Market for Hospitals, 2017 – 2024 (USD Billion)
23 Global RFID in Healthcare Market for Biotechnology Companies, 2017 – 2024 (USD Billion)
24 Global RFID in Healthcare market for Pharmaceutical Companies, 2017 – 2024 (USD Billion)
25 North America RFID in Healthcare Market, 2017 - 2024 (USD Billion)
26 EuropeRFID in Healthcare Market, 2017 - 2024 (USD Billion)
27 Asia Pacific RFID in Healthcare Market, 2017 - 2024 (USD Billion)
28 Latin America RFID in Healthcare Market, 2017 - 2024 (USD Billion)
29 Middle East and Africa RFID in Healthcare Market, 2017 - 2024 (USD Billion)


Table Of Tables

List of Tables

1. RFID in Healthcare Market: Market snapshot                                                            
2. Drivers of global RFID in Healthcare Market: Impact analysis
3. Restraints of global RFID in Healthcare Market: Impact analysis
4. Opportunitiesof global RFID in Healthcare Market: Impact analysis
5. North America RFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion)
6. North America RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
7. North America RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
8. U.S.RFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion)
9. U.S.RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
10. U.S.RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
11. CanadaRFID in Healthcare marketrevenue, by Components, 2017 – 2024 (USD Billion)
12. CanadaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
13. CanadaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
14. Rest of North AmericaRFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion)
15. Rest of North AmericaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
16. Rest of North AmericaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
17. EuropeRFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion)
18. EuropeRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
19. EuropeRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
20. GermanyRFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion)
21. GermanyRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
22. GermanyRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
23. U.K.RFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion)
24. U.K.RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
25. U.K.RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
26. FranceRFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion)
27. FranceRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
28. FranceRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
29. ItalyRFID in Healthcare marketrevenue, by Components, 2017 – 2024 (USD Billion)
30. ItalyRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
31. ItalyRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
32. SpainRFID in Healthcare marketrevenue, by Components, 2017 – 2024 (USD Billion)
33. SpainRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
34. SpainRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
35. RussiaRFID in Healthcare marketrevenue, by Components, 2017 – 2024 (USD Billion)
36. RussiaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
37. RussiaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
38. Rest of EuropeRFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion)
39. Rest of EuropeRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
40. Rest of EuropeRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
41. Asia Pacific RFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion) 
42. Asia Pacific RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
43. Asia Pacific RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
44. China RFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion)
45. China RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
46. China RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
47. Japan RFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion) 
48. Japan RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
49. Japan RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
50. India RFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion)
51. India RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
52. India RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
53. AustraliaRFID in Healthcare market revenue, by Components, 2017 – 2024 (USD Billion)
54. AustraliaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
55. AustraliaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
56. Rest of Asia PacificRFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion) 
57. Rest of Asia PacificRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
58. Rest of Asia PacificRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
59. Latin America RFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion)
60. Latin America RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
61. Latin America RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
62. BrazilRFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion)
63. BrazilRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
64. BrazilRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
65. MexicoRFID in Healthcare marketrevenue, by Components, 2017 – 2024 (USD Billion)
66. MexicoRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
67. MexicoRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
68. ArgentinaRFID in Healthcare marketrevenue, by Components, 2017 – 2024 (USD Billion)
69. ArgentinaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
70. ArgentinaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
71. Rest of Latin AmericaRFID in Healthcare Marketrevenue, by Components, 2017 – 2024(USD Billion) 
72. Rest of Latin AmericaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
73. Rest of Latin AmericaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
74. Middle East & Africa RFID in Healthcare Market revenue, by Components, 2017 – 2024(USD Billion)
75. Middle East & Africa RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
76. Middle East & Africa RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
77. Saudi ArabiaRFID in Healthcare market revenue, by Components, 2017 – 2024 (USD Billion)
78. Saudi ArabiaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
79. Saudi ArabiaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
80. UAERFID in Healthcare market revenue, by Components, 2017 – 2024 (USD Billion)
81. UAERFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
82. UAERFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
83. South AfricaRFID in Healthcare market revenue, by Components, 2017 – 2024 (USD Billion)
84. South AfricaRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
85. South AfricaRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
86. QatarRFID in Healthcare market revenue, by Components, 2017 – 2024 (USD Billion)
87. QatarRFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
88. QatarRFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)
89. Rest of Middle East & Africa RFID in Healthcare market revenue, by Components, 2017 – 2024 (USD Billion)
90. Rest of Middle East & Africa RFID in Healthcare Market revenue, by Application, 2017 – 2024 (USD Billion)
91. Rest of Middle East & Africa RFID in Healthcare Market revenue, by End User, 2017 – 2024 (USD Billion)

Methodology

Free Analysis

Radiofrequency identification (RFID) is a technology that employs electromagnetic fields for identifying and tracking tags fixed to objects automatically. The tags consist of data that is stored electronically. The passive tags gather energy from interviewing radio waves of the closely placed RFID reader. Active tags, on the other hand, consist of a native power source that enables it to operate far away from the RFID reader. The radiofrequency identification (RFID) technology differs from the barcode system due to the wide distance range. The RFID tag can function even if it is far from the reader’s line of sight. RFID tags are employed in a wide variety of industries ranging from automobiles to pharmaceutical and logistics to livestock management. RFID tags and readers are the two main components of the RFID system. The tags are implanted with a receiver and transmitter. There are two parts of the tags: a microchip and an antenna. The microchip stocks and processes data, whereas the antenna receives and conveys the signal. The tags also have a protective material that safeguards it from environmental conditions. The usage determines what type of protective material is used in the tag.

RFID system is being widely used in retail and automobile industry as it makes inventory management very convenient and hassle-free. The use of RFID in the healthcare sector is also gaining popularity. Time and precision have a very prominent significance in the healthcare sector as it deals with human lives. When human lives are at stake, the availability of instantaneous data at hand is very vital. RFID systems can make all the data available to the healthcare providers when it matters the most. The increasing demand for RFID in healthcare can be attributed to the low cost and high effectiveness of these systems. The RFID tag is the most important factor that makes the RFID system popular among the players operating in the healthcare sector.

Global RFID in Healthcare Market

The RFID technology has the capability to save money and time of the healthcare organizations. The ability of RFID in providing real-time identification, traceability, communication, location, and temperature data for individuals and resources can be very beneficial. The implementation of RFID technology in hospitals and clinics can decrease inaccuracies in patient care, simplify patient and equipment tracking, enable better healthcare asset management, and improve audit processes. 

Factors such as inventory management enhancement in pharmacies, hospitals, and biotech companies, high accuracy and low-cost of RFID systems, growing automation of processes in pharmacies and hospitals, increasing concern regarding drug safety, rising need for reduction of healthcare operational costs, need for prevention of medical device theft, multiple government initiatives, and wide application range of RFID in healthcare will act as driving factors in the growth of global RFID in healthcare market. Research activities are undertaken by not for profit organizations intended for the development of new and improved technologies and increasing adoption of RFID in healthcare will act as an opportunity for the market players in the RFID in healthcare market. However, the absence of awareness regarding RFID, lack of barcode systems, and absence of standardization will restrict the growth of global RFID in healthcare market.

The global RFID in healthcare market has been segmented into components, application, end user, and region. The components segment has been divided into readers, tags, printers, and cabinets. Tagssub-segment holds the majority share in the components segment due to its high penetration across myriad sectors. Based on application, RFID in healthcare market has been segmented into the supply chain and medical report, samples and blood transfer tracking, people identification and tracking, medicine tracking, and equipment tracking. Samples and blood transfer tracking sub-segment holds the majority share of the application segment due to the growing requirement of blood products inventory management. Based on the end user, RFID in healthcare market has been segmented into hospitals, biotechnology companies, and pharmaceutical companies.

North America will be the leading region during the forecast period. Increasing collaborations in the medical device industry, intensive research and developments activities conducted by not for profit organizations, and the presence of advanced healthcare infrastructure will boost the RFID in healthcare market growth in this region. Europe will be the second largest market. The major reasons for the regional growth can be attributed to high operational efficiency in healthcare, initiatives taken by the governments, and increasing demand for reduction in costs. Asia Pacific market will propagate at a speedy rate over the forecast period. Availability of services such as original equipment manufacturing (OEM) in China at reasonable costs and increasing adoption of RFID systems in the region will lift the RFID in healthcare market growth in this region. Latin America market will grow at a modest rate during the forecast period. Africa and the Middle Eastern countries are expected to experience noticeable growth in the near future.

Some of the key players in the RFID in healthcare market include Hitachi, Ltd, 3M, AdvantaPure, IBM, Aaid Security Solutions Inc., Siemens, Motorola, Alvin Systems, BearingPoint, American RFID Solutions, and ACC Systems Inc.among others.

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FrequentlyAsked Questions

Increasing technological proliferation and developing healthcare infrastructure are trends that guide RFID in healthcare market growth.

According to the Zion Market Research report, the global RFID in healthcare market was worth about US$ 1659.2 million in 2021 and is predicted to grow to around US$ 3436 million by 2028, with a compound annual growth rate (CAGR) of around 12.9 percent.

The market for RFID in healthcare in North America is anticipated to be the most lucrative region in the global landscape owing to the presence of developed healthcare infrastructure and high technological proliferation

Some of the main competitors dominating the global RFID in healthcare market include -- LogiTag, CenTrak, SpaceCode, Impinj, Zebra Technologies Corporation, Biolog-id, Terso Solutions, Carinal Health, Mobile Aspects, Tagsys RFID, Pepperl+Fuchs, and metraTec GmbH.

 

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