Global Radiofrequency Identification (RFID) Market In Healthcare

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Global Radiofrequency Identification (RFID) Market in Healthcare

Global Radiofrequency Identification (RFID) Market in Healthcare was valued US$ XX Bn in 2018 and is expected to reach US$ 13 Bn by 2026, at CAGR of XX% during forecast period of 2019 to 2026.

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Radio Frequency Identification (RFID) is a wireless technology, which utilize radiofrequency waves for track the tags attached to the objects and people. RFID technology aids in real-time tracking of assets, monitoring patients, medication authentication, wait time monitoring, and hand washing, among others in the healthcare sector. In healthcare contain price, capability, and size, which are the major factor driving the RFID technology market growth. As the price of RFID technology is presenting a constant downfall, its demand has been widely increasing in both private as well as government hospitals. RFID market in healthcare is anticipated to experience a noteworthy growth in the coming years.

The global radiofrequency identification (RFID) market in healthcare market is driven by effective management of counterfeit drugs, major drug counterfeit events and increased operational efficiency in hospitals favors RFID acceptance. However, Low awareness and Installed base of barcode systems are hampering the market growth at the global level. Chinese manufacturers offer low cost original equipment manufacturing (OEM) services and huge scope for development of immature RFID technology in healthcare are likely to create lucrative opportunities in the in Healthcare market.

The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Global Radiofrequency Identification (RFID) Market Segmentation Analysis:

Based on the component, the market in Healthcare market has been segmented into RFID tags, System &software. The RFID segment held the dominant market share of XX% in 2018 and it is anticipated to maintain its dominance over the upcoming period, with a valuation of US$ XX Bn. RFID segment is expected to grow at the moat promising CAGR of XX% during the forecast period, due to RFID tags’ easy implementation and high efficiency,
Global Radiofrequency Identification (RFID) Market Regional Analysis:

Geographically, the radiofrequency identification (RFID) market in healthcare is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America held the XX% share of the radiofrequency identification (RFID) Market in Healthcare in 2018 and it is expected to maintain its prominence over the upcoming period. Increasing scrutiny, large number of tier-1 and tier-2 hospitals, owing to prevalence of drug counterfeiting, medical device theft, and need for more efficient supply chain management are fuelling the market growth in the region. The impact of the economic crises of 2008 has significantly impacted the growth of the RFID market in the European countries. Decreased budget on healthcare sector have reduced the overall hospital expenditure. The market is likely to gain momentum during the forecast period due to anticipating economic recovery in the near future. The market in Asia Pacific is expected to expand at a high CAGR of XX% during the forecast period. China has developed as the home for low-cost RFID components and OEM service providers. The rise in RFID component providers in China, providers in North America and the Europe are facing tough rivalry in the market. China is one of the main suppliers of UHF and HF tags in the world.
Global Radiofrequency Identification (RFID) Market Healthcare Competitive landscape

Major Key players operating in this market are Abbott Laboratories, CombiMatrix Corporation, General Electric Company, Sigma-Tau Pharmaceuticals, Inc, and Johnson & Johnson. Manufacturers in the Global Radiofrequency Identification (RFID) Market in Healthcare are focusing on competitive pricing as the strategy to capture significant market share. Moreover, strategic mergers and acquisitions and technological innovations are also the key focus areas of the manufacturers.

The objective of the report is to present a comprehensive analysis of Global Market in Healthcare including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all aspects of the industry with a dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market are presented in the report.
External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Radiofrequency Identification (RFID) Market in Healthcare dynamics, structure by analyzing the market segments and project the in Healthcare size. Clear representation of competitive analysis of key players By Type, Price, Financial position, Product portfolio, Growth strategies, and regional presence in the t in Healthcare make the report investor’s guide.

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Scope of the Global Radiofrequency Identification (RFID) Market in Healthcare: Inquire before buying

Global Radiofrequency Identification (RFID) Market, by product:

• Systems & Software
• Tags
Global Radiofrequency Identification (RFID) Market, by Application:

• Asset Tracking
• Patient Tracking
• Pharmaceutical Tracking
• Blood Tracking
• Others
Global Radiofrequency Identification (RFID) Market, by Region:

• Asia Pacific
• North America
• Europe
• Latin America
• Middle East Africa
Global Radiofrequency Identification (RFID) Market, Major Players:

• Alien Technology
• Applied Wireless Identifications Group
• CAEN RFID
• GAO RFID, Inc.
• Impinj
• Intermec
• Invengo
• Motorola Solutions
• Sato Holdings
• STiD
• LogiTag,
• CenTrak,
• SpaceCode,
• Zebra Technologies Corporation
• Biolog-id
• Terso Solutions
• Carinal Health
• Mobile Aspects
• Tagsys RFID
• Pepperl+Fuchs
• metraTec GmbH

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