Global Healthcare RFID Market Size, Share, Forecast Report, 2020-2027

The global Healthcare RFID market garnered revenue around USD XX Billion in 2019 and projected to reach USD XX Billion in 2027, with at a compound annual growth rate of 23.40% throughout the estimate period from 2020 to 2027.

The implementation of radiofrequency identification (RFID) to the healthcare industry offers many benefits associated with patient safety, efficiencies in patient care, tracking, and provider satisfaction. RFID is a wireless-based system that utilizes radio waves for assembling data from a tag attached to an object, for several purposes such as automatic identification, tracking of objects, etc.

Enhancement of inventory management system within pharmacies, hospitals, and biotechnology companies; focused towards patient safety, high efficacy of the RFID systems, the rising population of cancer patients, and adoption of automated process in hospitals and pharmacies are expected to drive the growth of healthcare RFID during the forecast period. Moreover, rising research and development activities by non-profit organizations and aggressive strategies by top players such as mergers, expansion, and collaboration for the development of new technologies to reinforce RFID in healthcare also boosting the growth of the market. For instance, a leading provider of location tracking solutions, Harland Simon announced its partnership with an award-winning Cambridge-based technology company, PervasID for introducing new RFID reader technology to the market.

This research report encompasses precise assessment of the market with the help of comprehensive qualitative insights and supportable prognoses regarding market size, consumption and production. The projections presented in the report have been derived using proven research methodologies and assumptions. It does so by means of comprehensive qualitative insights, historical statistics, and verifiable predictions about market revenue and sales.

The rapidly budding threat owed to the eruption of COVID-19 is impacting lives, communities, businesses, and industries across the globe. With businesses shuttered, flights grounded, COVID-19 is about to affect the global economy in different ways such as by directly upsetting production and demand, by generating supply chain disruption, and by its financial impact on firms and financial markets. Therefore, this report covers COVID-19 outbreak impact analysis on the Healthcare RFID market under the research study. The market estimates offered in the report are the outcome of in-depth extensive secondary research, primary interviews and in-house professional assessments. These market evaluations have been measured by reviewing the impact of numerous social, political and economic factors coupled with recent market dynamics affecting the Healthcare RFID market growth.

The global Healthcare RFID market is characterized by the presence of numerous small as well as medium scale companies. These players are largely focused towards forward integration via raw material production, product manufacturing, and distribution across various industry verticals. The report recognizes numerous crucial manufacturers of the market. This research study aids to comprehend the strategies and associations that companies are converging to survive in this competitive marketplace. This report assists in understanding footprints of the manufacturers with the help of their global revenue, production, capacity and average selling price analysis for period 2016-2027.

Major manufacturers analysed under this study comprises:

• 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

• STiD RFID

This report delivers market breakdown and its revenue, consumption, production analysis and projections by categorizing it depending on parameters such as type, application/end-user, and region. This research report delivers the analysis and prognosis of revenue, production, price, market share and growth trend for different products such as:

Global Healthcare RFID Market, by Component

• Tags

o Active Tags

o Passive Tags

• Readers

o Active Readers

o Passive Reader

• Middleware

• Printers

• Others

Global Healthcare RFID Market, by Application

• Equipment Tracking

• People Identification and Tracking

• Medical Report and Blood Samples Tracking

• Medicine Tracking

• Other

Global Healthcare RFID Market, by End User

• Pharmaceutical and Biotechnology Companies

• Hospitals

• Research Institutes

• Others

Regional Analysis and Forecast

Further, this research study analyses market size, production, consumption and its advancement trends at global, regional, and country level for period 2016 to 2027 and covers following region in its scope:

• North America

 U.S.

 Canada

• Europe

 Germany

 U.K.

 Italy

 France

 Rest of EU

• Asia Pacific

 China

 India

 Japan

 Southeast Asia

 Rest of APAC

• Central & South America

 Brazil

 Argentina

 Rest of Central & South America

• Middle East and Africa

 UAE

 Saudi Arabia

 Rest of MEA