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

Report Code: PMI288719 | Publish Date: June 2022 | No. of Pages: 182

Global Healthcare RFID Market By Overview

Radio-frequency identification (RFID) reads and captures information recorded on a tag affixed to an object using radio waves. This tag can be read from several feet away and does not require the reader to be in direct line of sight. RFID technology can be used in supply chain applications, patient safety applications, and quality assurance applications in the healthcare business. Patient tracking, surgery asset management, wait time monitoring, handwashing, asset management, parking, and medication authentication and control are all aided by RFID technologies in healthcare. Facilities management, access control, inventory management, laundry management, document and file monitoring, and trash management are all aided by these technologies. RFID tags, RFID readers, RFID cabinets, RFID middleware, and RFID printers are the various RFID components that can be found in the healthcare business. RFID in the healthcare market can be divided into equipment tracking, medicine tracking, persons identification and tracking, supply chain and medical report, samples and blood transfer tracking, and supply chain and medical report. In hospitals and clinics, RFID can be used to enhance patient flow, eliminate medical errors, increase asset utilisation rates, and manage stocks and implants, among other things. Improvements in inventory management in hospitals, pharmacies, and biotechnology businesses, as well as increased patient safety, low-cost and high-efficacy RFID devices, and the adoption of automated processes in hospitals and pharmacies, are projected to drive growth of healthcare RFID market. 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 By Dynamics

 

Increase in demand for RFID

The market for RFID in healthcare is being driven by an increase in demand for RFID in the healthcare sector to improve operational efficiency, growing concerns about drug counterfeiting and safety, government initiatives, the growing need to reduce operational costs in healthcare, and an increase in the incidence of medical device theft cases. Furthermore, the market for RFID in healthcare is being driven by a huge range of applications. However, a lack of understanding of RFID, a large installed base of barcode systems, and a lack of standardization are all factors limiting the worldwide RFID in healthcare market's growth. Growing demographics and economies in the developing countries such as China and India and low cost of RFID component such as original equipment manufacturing (OEM) services provided by China are expected to offer good opportunities in RFID in healthcare market in Asia. In addition, broader application of RFID technology in healthcare and rise in need for innovation in RFID technologies are expected to offer new opportunities for global RFID in healthcare market.

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Global Healthcare RFID Market By Segmentation

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

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.

Regional Insights:

 

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%. On 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. The dominance of the North American healthcare RFID market is due to an increase in collaboration in the medical device industry, non-profit research, and the availability of advanced healthcare infrastructure. During the predicted period, Asia-Pacific is expected to expand the most. The improved healthcare infrastructure in India, China, and Japan is credited with this significant rise. Furthermore, increased concerns about tracking expensive medical gadgets, patient safety, and facility upgrades are expected to push the market in this area the fastest.

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Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2029

Market representation

Revenue in USD Million & CAGR from 2020 – 2029

Market Segmentation

By Product 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-User – Agriculture, Healthcare, Transportation & Logistics Commercial, Sports, Contactless Cards, and Security & Access Control

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

 

 

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2029. For the purpose of this study, has segmented the Global Healthcare RFID Market report based on Product Type, Label Type, End-User and Region.

                                                                              

Global Healthcare RFID Market, By Region:

  • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Healthcare RFID Market By Key Players

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.

Global Healthcare RFID Market By Company Profile

  • Avery Dennison Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alien Technology LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Allflex USA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Applied Wireless Identifications Group, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GAO RFID, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Impinj Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mobile Aspects, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • RF Technologies and Radianse, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

 

Global Healthcare RFID Market By Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • 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
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Healthcare RFID Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Product Type
      • Market Snippet, By Label Type
      • Market Snippet, By End-User
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. 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
  5. Global Healthcare RFID Market, By Product Type, 2020 – 2030, (US$ Mn)
    • Overview                      
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Active RFID and Passive RFID
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Frequency
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Healthcare RFID Market, By Label Type, 2020 – 2030, (US$ Mn)
    • Overview                                                
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Plastic
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Paper
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Colorectal Cancer
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Glass
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Metal
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  7. Global Healthcare RFID Market, By End-User, 2020 – 2030, (US$ Mn)
    • Overview                                     
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Agriculture
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Healthcare
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Transportation & Logistics Commercial
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Sports
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Contactless Card
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
    • Security & Access Control
      • Overview
      • Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
  8. Global Healthcare RFID Market, By Region, 2020 – 2030, (US$ Mn)
    • Overview
      • Market Value and Forecast (US$ Mn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Label Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Label Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Label Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Label Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Mn), By Product Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Label Type, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By End-User, 2020 – 2030
      • Market Size and Forecast (US$ Mn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  9. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  10. Company Profiles

 

  • Avery Dennison Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Alien Technology LLC
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Allflex USA
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Applied Wireless Identifications Group, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Honeywell International, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GAO RFID, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Impinj Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Mobile Aspects, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • RF Technologies and Radianse, Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

 

FAQs

The global healthcare RFID market is segmented based on type, frequency, label type, end use and region.

Rising demand of RFID in healthcare is the major factor driving growth of the global market.

North America is dominating target market owing to increasing number of collaborations in the medical device industry.

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.