Healthcare RFID Market Research Report – Global Forecast till 2027

Healthcare RFID Market: Information By Component (Tags, Readers, Middleware, Printers), Application (Equipment Tracking, Medicine Tracking, Others), End-User (Pharmaceutical and Biotechnology Companies, Hospitals, Others) — Forecast till 2027

ID: MRFR/HC/6111-HCR | February 2021 | Region: Global | 85 pages

Healthcare RFID Market Scenario


The Healthcare RFID market is accounted for USD 1,154 million in 2017 and expected to register 23.37% CAGR during the forecast period (2018–2023).


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 healthcare RFID market.


However, the high cost of the system, lack of awareness about RFID and technical limitations such as system errors may hamper the growth of the market during the assessment period.


Segmentation


The healthcare RFID market has been segmented on the basis of components, applications, end-user, and region.


On the basis of type, the market has been classified as tags, readers, middleware, printers, and others. The market, by tags, has been sub-segmented into active tags and passive tags. Also, by readers market has been further segmented into active readers and passive readers. Based on applications, the market has been segmented into equipment tracking, people identification and tracking, medical report and blood samples tracking, medicine tracking, and others. The market, by end-user, has been segmented into pharmaceutical and biotechnology companies, hospitals, research institutes, and others. The tags segment is expected to hold the largest market share of the healthcare RFID market, by components owing to its wide application in asset tracking, pharmaceutical tracking, for tacking blood monitoring systems, and patient tracking. Also, by end-user research institutes to register the highest CAGR owing to rising research and development by the major players during the forecast period.


The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The healthcare RFID market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.


The European healthcare RFID market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 


The healthcare RFID market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East & Africa has been segmented into the Middle East and Africa.


Regional Market Summary


Global Healthcare RFID Market Share, by Region, 2017 (%)


Healthcare RFID Market


Source: MRFR Analysis


The Americas are likely to dominate the healthcare RFID market owing to the rising strategic alliance by major players, the involvement of non-profit organization in research & development, and well-established healthcare infrastructure. According to the US Department of Health and Human Services, in 2018, around 1,735,350 new cases of cancer will be diagnosed in the United States and 609,640 people will die from the disease. For instance, in May 2018, CCL Industries Inc. acquired Nortec International Ltd. a privately held company for approximately USD 9 million.


The European market is expected to be the second-largest healthcare RFID market. The market growth in this region can be attributed to government funding and support of the healthcare sector coupled with increasing research and development.


Asia-Pacific is expected to be the fastest-growing healthcare RFID market during the forecast period owing to the improving healthcare infrastructure, rising investments in healthcare and expansions by market players in the region. Also, countries such as India and China are considering the fastest growing region due to the government focused on adopting new technology, and the best treatment option from a developed country. According to the World Health Organization, in 2010, the healthcare expenditure of India was 3.27% of GDP, whereas, in 2015 it has 3.89% of total GDP.


The market in the Middle East & Africa is expected to account for the smallest share of the healthcare RFID market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.


Key Players


Some of the key players in the 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, STiD RFID


Market of Healthcare RFID, by Component



  • Tags


    • Active Tags

    • Passive Tags


  • Readers


    • Active Readers

    • Passive Reader


  • Middleware

  • Printers

  • Others


Market of Healthcare RFID, by Application



  • Equipment Tracking

  • People Identification and Tracking

  • Medical Report and Blood Samples Tracking

  • Medicine Tracking

  • Other


Market of Healthcare RFID, by End User



  • Pharmaceutical and Biotechnology Companies

  • Hospitals

  • Research Institutes

  • Others


Market of Healthcare RFID, by Region



  • Americas


    • North America


      • US

      • Canada


    • Latin America


  • Europe


    • Western Europe


      • Germany

      • France

      • Italy

      • Spain

      • UK

      • Rest of Western Europe


    • Eastern Europe


  • Asia-Pacific


    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific


  • The Middle East & Africa


    • Middle East

    • Africa



Company Profiles    



  • 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


Intended Audience



  • RFID Manufacturers

  • RFID Distributors and Suppliers

  • Healthcare Providers

  • Research Institutes and Academic Centers

  • Medical Devices Manufacturers

  • Government Associations

  • Market Research and Consulting



Frequently Asked Questions (FAQ) :

The global healthcare RFID market was valued at more than USD 1.1 billion in 2017.

The global healthcare RFID market is expected to exhibit a solid 23.37% CAGR over the forecast period from 2018 to 2023.

The increasing demand for efficient inventory systems in the healthcare sector is the major driver for the global healthcare RFID market.

Lack of awareness and the high costs of RFID equipment have held back the market, especially in developing regions such as Asia Pacific, Latin America, and Africa.

The Americas segment dominates the global healthcare RFID market.

Table of Contents:

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1. Definition

2.2. Scope of the Study

2.2.1. Research Objective

2.2.2. Assumptions

2.2.3. Limitations

Chapter 3. Research Methodology

3.1. Introduction

3.2. Primary Research

3.3. Secondary Research

3.4. Market Size Estimation

Chapter 4. Market Dynamics

4.1. Drivers

4.2. Restraints

4.3. Opportunities

4.4. Challenges

4.5. Macroeconomic Indicators

Chapter 5. Market Factor Analysis

5.1. Porter’s Five Forces Analysis

5.1.1. Bargaining Power of Suppliers

5.1.2. Bargaining Power of Buyers

5.1.3. Threat of New Entrants

5.1.4. Threat of Substitutes

5.1.5. Intensity of Rivalry

5.2. Value Chain Analysis

5.3. Investment Feasibility Analysis

5.4. Pricing Analysis

Chapter 6. Global Healthcare RFID Market, by Component

6.1. Introduction

6.2. Tags

6.2.1. Active Tags

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.2.2. Passive Tags

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3. Readers

6.3.1. Active Readers

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.3.2. Passive Readers

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.4. Middleware

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.5. Printers

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

6.6. Others

Chapter 7. Global Healthcare RFID Market, by Application

7.1. Introduction

7.2. Equipment Tracking

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.3. People Identification and Tracking

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.4. Medical Report and Blood Samples Tracking

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.5. Medicine Tracking

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

7.6. Others

Chapter 8. Global Healthcare RFID Market, by End User

8.1. Introduction

8.2. Pharmaceutical and Biotechnology Companies

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

8.3. Hospitals

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

8.4. Research Institutes

Market Estimates & Forecast, by Region, 2020–2027

Market Estimates & Forecast, by Country, 2020–2027

8.5. Others

Chapter 9. Global Healthcare RFID Market, by Region

9.1. Introduction

9.2. Americas

9.2.1. North America

9.2.1.1. US

9.2.1.2. Canada

9.2.2. Latin America

9.3. Europe

9.3.1. Western Europe

9.3.1.1. Germany

9.3.1.2. France

9.3.1.3. Italy

9.3.1.4. Spain

9.3.1.5. UK

9.3.1.6. Rest of Western Europe

9.3.2. Eastern Europe

9.4. Asia-Pacific

9.4.1. Japan

9.4.2. China

9.4.3. India

9.4.4. Australia

9.4.5. South Korea

9.4.6. Rest of Asia-Pacific

9.5. Middle East & Africa

9.5.1. Middle East

9.5.2. Africa

Chapter 10. Company Landscape

10.1. Introduction

10.2. Market Share Analysis

10.3. Key Developments & Strategies

Chapter 11. Company Profiles

11.1. Alien Technology Corporation

11.1.1. Company Overview

11.1.2. Product Overview

11.1.3. Financial Overview

11.1.4. Key Developments

11.1.5. SWOT Analysis

11.1.6. Key Strategies

11.2. Applied Wireless Identifications Group, Inc.

11.2.1. Company Overview

11.2.2. Product Overview

11.2.3. Financial Overview

11.2.4. Key Developments

11.2.5. SWOT Analysis

11.2.6. Key Strategies

11.3. CAEN RFID S.r.l.

11.3.1. Company Overview

11.3.2. Product Overview

11.3.3. Financial Overview

11.3.4. Key Developments

11.3.5. SWOT Analysis

11.3.6. Key Strategies

11.4. Gao RFID, Inc.

11.4.1. Company Overview

11.4.2. Product Overview

11.4.3. Financial Overview

11.4.4. Key Developments

11.4.5. SWOT Analysis

11.4.6. Key Strategies

11.5. Honeywell International Inc.

11.5.1. Company Overview

11.5.2. Product Overview

11.5.3. Financial Overview

11.5.4. Key Developments

11.5.5. SWOT Analysis

11.5.6. Key Strategies

11.6. Impinj Inc.

11.6.1. Company Overview

11.6.2. Product Overview

11.6.3. Financial Overview

11.6.4. Key Developments

11.6.5. SWOT Analysis

11.6.6. Key Strategies

11.7. Invengo Information Technology Ltd. Co.

11.7.1. Company Overview

11.7.2. Product Overview

11.7.3. Financial Overview

11.7.4. Key Developments

11.7.5. SWOT Analysis

11.7.6. Key Strategies

11.8. Mobile Aspects, Inc.

11.8.1. Company Overview

11.8.2. Product Overview

11.8.3. Financial Overview

11.8.4. Key Developments

11.8.5. SWOT Analysis

11.8.6. Key Strategies

11.9. Motorola Solutions, Inc.

11.9.1. Company Overview

11.9.2. Product Overview

11.9.3. Financial Overview

11.9.4. Key Developments

11.9.5. SWOT Analysis

11.9.6. Key Strategies

11.10. Radianse

11.10.1. Company Overview

11.10.2. Product Overview

11.10.3. Financial Overview

11.10.4. Key Developments

11.10.5. SWOT Analysis

11.10.6. Key Strategies

11.11. RF Technologies

11.11.1. Company Overview

11.11.2. Product Overview

11.11.3. Financial Overview

11.11.4. Key Developments

11.11.5. SWOT Analysis

11.11.6. Key Strategies

11.12. Stanley Healthcare

11.12.1. Company Overview

11.12.2. Product Overview

11.12.3. Financial Overview

11.12.4. Key Developments

11.12.5. SWOT Analysis

11.12.6. Key Strategies

11.13. STiD RFID

11.13.1. Company Overview

11.13.2. Product Overview

11.13.3. Financial Overview

11.13.4. Key Developments

11.13.5. SWOT Analysis

11.13.6. Key Strategies

11.14. Others

Chapter 12. MRFR Conclusion

12.1. Key Findings

12.1.1. From CEO’s Viewpoint

12.1.2. Unmet Needs of the Market

12.2. Key Companies to Watch

12.3. Predictions for the Healthcare RFID Industry

Chapter 13. Appendix

 

LIST OF TABLES

Table 1. Global Healthcare RFID Market Synopsis, 2020–2027

Table 2. Global Healthcare RFID Market Estimates and Forecast, 2020–2027 (USD Million)

Table 3. Global Healthcare RFID Market, by Region, 2020–2027 (USD Million)

Table 4. Global Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 5. Global Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 6. Global Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 7. North America: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 8. North America: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 9. North America: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 10. US: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 11. US: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 12. US: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 13. Canada: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 14. Canada: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 15. Canada: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 16. Latin America: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 17. Latin America: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 18. Latin America: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 19. Europe: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 20. Europe: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 21. Europe: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 22. Western Europe: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 23. Western Europe: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 24. Western Europe: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 25. Eastern Europe: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 26. Eastern Europe: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 27. Eastern Europe: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 28. Asia-Pacific: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 29. Asia-Pacific: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 30. Asia-Pacific: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

Table 31. Middle East & Africa: Healthcare RFID Market, by Component, 2020–2027 (USD Million)

Table 32. Middle East & Africa: Healthcare RFID Market, by Application, 2020–2027 (USD Million)

Table 33. Middle East & Africa: Healthcare RFID Market, by End User, 2020–2027 (USD Million)

LIST OF FIGURES

Figure 1. Research Process

Figure 2. Segmentation for Global Healthcare RFID Market

Figure 3. Segmentation Market Dynamics for Global Healthcare RFID Market

Figure 4. Global Healthcare RFID Market Share, by Component, 2020

Figure 5. Global Healthcare RFID Market Share, by Application, 2020

Figure 6. Global Healthcare RFID Market Share, by End User, 2020

Figure 7. Global Healthcare RFID Market Share, by Region, 2020

Figure 8. North America: Healthcare RFID Market Share, by Country, 2020

Figure 9. Europe: Healthcare RFID Market Share, by Country, 2020

Figure 10. Asia-Pacific: Healthcare RFID Market Share, by Country, 2020

Figure 11. Middle East & Africa: Healthcare RFID Market Share, by Country, 2020

Figure 12. Global Healthcare RFID Market: Company Share Analysis, 2020 (%)

Figure 13. Alien Technology Corporation: Key Financials

Figure 14. Alien Technology Corporation: Segmental Revenue

Figure 15. Alien Technology Corporation: Geographical Revenue

Figure 16. Applied Wireless Identifications Group, Inc.: Key Financials

Figure 17. Applied Wireless Identifications Group, Inc.: Segmental Revenue

Figure 18. Applied Wireless Identifications Group, Inc.: Geographical Revenue

Figure 19. CAEN RFID S.r.l.: Key Financials

Figure 20. CAEN RFID S.r.l.: Segmental Revenue

Figure 21. CAEN RFID S.r.l.: Geographical Revenue

Figure 22. Gao RFID, Inc.: Key Financials

Figure 23. Gao RFID, Inc.: Segmental Revenue

Figure 24. Gao RFID, Inc.: Geographical Revenue

Figure 25. Honeywell International Inc.: Key Financials

Figure 26. Honeywell International Inc.: Segmental Revenue

Figure 27. Honeywell International Inc.: Geographical Revenue

Figure 28. Impinj Inc.: Key Financials

Figure 29. Impinj Inc.: Segmental Revenue

Figure 30. Impinj Inc.: Geographical Revenue

Figure 31. Invengo Information Technology Ltd. Co.: Key Financials

Figure 32. Invengo Information Technology Ltd. Co.: Segmental Revenue

Figure 33. Invengo Information Technology Ltd. Co.: Geographical Revenue

Figure 34. Mobile Aspects, Inc.: Key Financials

Figure 35. Mobile Aspects, Inc.: Segmental Revenue

Figure 36. Mobile Aspects, Inc.: Geographical Revenue

Figure 37. Motorola Solutions, Inc.: Key Financials

Figure 38. Motorola Solutions, Inc.: Segmental Revenue

Figure 39. Motorola Solutions, Inc.: Geographical Revenue

Figure 40. Radianse: Key Financials

Figure 41. Radianse: Segmental Revenue

Figure 42. Radianse: Geographical Revenue

Figure 43. RF Technologies: Key Financials

Figure 44. RF Technologies: Segmental Revenue

Figure 45. RF Technologies: Geographical Revenue

Figure 46. Stanley Healthcare: Key Financials

Figure 47. Stanley Healthcare: Segmental Revenue

Figure 48. Stanley Healthcare: Geographical Revenue

Figure 49. STiD RFID: Key Financials

Figure 50. STiD RFID: Segmental Revenue

Figure 51. STiD RFID: Geographical Revenue



This table of content is tentative and subject to change as the research progresses.

Please Note:  Financial details of company cannot be provided if the information of the company is not available in public domain and or reliable source.