Healthcare RFID Market: Information By Component (Tags, Readers, Middleware, Printers), Application (Equipment Tracking, Medicine Tracking, Others), End-User (Pharmaceutical and Biotechnology Companies, Hospitals, Others) — Global Forecast till 2027
ID: MRFR/HC/6111-HCR | February 2021 | Region: Global | 85 pages
Market Scenario
The Global 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 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 global 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 Healthcare RFID 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 (%)
Source: MRFR Analysis
The Americas are likely to dominate the global 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 global 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 global 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
Global Healthcare RFID Market, by Component
- Tags
- Active Tags
- Passive Tags
- Readers
- Active Readers
- 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
Global Healthcare RFID Market, by Region
- Americas
- North America
- US
- Canada
- Latin America
- North America
- Europe
- Western Europe
- Germany
- France
- Italy
- Spain
- UK
- Rest of Western Europe
- Eastern Europe
- Western 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.