Healthcare RFID Market is estimated to be US$ 5.90 billion by 2030 with a CAGR of 13.3% during the forecast period


 Healthcare RFID Market accounted for US$ 1.72 billion in 2020 and is estimated to be US$ 5.90 billion by 2030 and is anticipated to register a CAGR of 13.3%. RFID is a wireless technique that extracts a unique identity from microelectronic tags affixed to objects, allowing for automatic and unambiguous identification without the need for line of sight. Manufacturing, supply chain, agriculture, transportation, healthcare, and services are just a few of the industries where radio frequency identification (RFID) solutions have proved successful. Building a safer healthcare system could help to prevent medical blunders. RFID has recently been used in hospital administration. The RFID is useful for swiftly retrieving patient information and keeping track of where patients are in the hospital.

The report " Global Healthcare RFID Market, By Type (Active RFID and Passive RFID), Frequency (Low Frequency, High Frequency & Near Field Communication, Ultra Frequency, and Active Ultra-High Frequency), By Label type (Plastic, Paper, Glass, and Metal), By End-Use (Agriculture, Healthcare, Transportation & Logistics Commercial, Sports, Contactless Cards, and Security & Access Control), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2029’’

Key Highlights:

  • In October 2021, AmerisourceBergen, a global healthcare firm, announced upgrades to its medication tray solution in an effort to advance inventory management solutions for acute care settings across the United States.
  • In August 2021, Tageos Introduces the World's Smallest RFID Inlay For Healthcare & Pharmaceutical Applications

Analyst View:

The adoption of RFID technology in healthcare businesses is projected to be boosted by the high operational costs associated with the industry. RFID tags make it easier for surgical staff to track medical devices in operating rooms, which improves patient safety. RFID use is predicted to grow in response to a growing demand for lower operational expenses. In addition, non-profit organizations are doing a slew of research projects aimed at developing new technologies to bolster RFID in healthcare. The growing demand for patient monitoring, as well as government obligations to improve safety, are all contributing to the development.

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Key Market Insights from the report:

Global Healthcare RFID Market accounted for US$ 1.72 billion in 2020 and is estimated to be US$ 5.90 billion by 2030 and is anticipated to register a CAGR of 13.3%. Global Healthcare RFID market is segmented into product type, label type, end-use and region.

  • Based on Type, the Global Healthcare RFID Market is segmented into Active RFID and Passive RFID), Frequency (Low Frequency, High Frequency & near Field Communication, Ultra Frequency, and Active Ultra-High Frequency).
  • Based on Label Type, the Global Healthcare RFID Market is segmented into Plastic, Paper, Glass, and Metal.
  • Based on End-use, the Global Healthcare RFID Market is segmented into Agriculture, Healthcare, Transportation & Logistics Commercial, Sports, Contactless Cards, and Security & Access Control.
  • By Region, the Global Healthcare RFID Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is dominating target market owing to increasing number of collaboration in the medical device industry.

Competitive Landscape & their strategies of Global Healthcare RFID Market:

The key players in the global Healthcare RFID market includes Avery Dennison Corporation, Alien Technology LLC, Allflex USA, Inc., Applied Wireless Identifications Group, Inc., Honeywell International, Inc., GAO RFID, Inc., Impinj Inc., Mobile Aspects, Inc., RF Technologies and Radianse, Inc..

The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.

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Some Important Points Answered in this Market Report Are Given Below:

  • Explains an overview of the product portfolio, including product development, planning, and positioning
  • Explains details about key operational strategies with a focus on R&D strategies, corporate structure, localization strategies, production capabilities, and financial performance of various companies.
  • Detailed analysis of the market revenue over the forecasted period.
  • Examining various outlooks of the market with the help of Porter’s five forces analysis, PEST & SWOT Analysis.
  • Study on the segments that are anticipated to dominate the market.
  • Study on the regional analysis that is expected to register the highest growth over the forecast period

Market Purview

  1. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
    •  Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions

To know more

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