Healthcare RFID Market

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

PMI288719 | Healthcare IT

Oct 2019 | 182 | PDF

Prophecy Market Insights has recently published its insights on “Global Healthcare RFID Market” for the forecast period of 2018-2029. The market is segmented into 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.

This market is expected to witness significant growth during the forecast period on account of utilization of RFID in hospitals and clinics to improve patient flow and avoid medial errors. In addition, the properties of RFID to improve asset utilization rates, and mange inventories & implants are also propelling the target market. Moreover, demand for the improvement of inventory management in hospitals, pharmacies, and biotechnology companies has fuel growth the target market. Furthermore, demand for patient safety is expected to drive growth of the global market over the forecast period. The global market size was valued at US$ XXX Mn in 2018 and is expected to grow at a CAGR of around XX % from 2019 to 2029.

Simley face

North America to grow at the highest CAGR during the forecast period

North America is dominating target market owing to increasing number of collaboration in the medical device industry. In addition, research by non-profits organizations and presence of sophisticated healthcare infrastructure has driven the target market in North America. Asia-Pacific is the second leading target market, owing to improving healthcare infrastructure in China, Japan, and India.

The research scope provides comprehensive market size, and other in-depth market information details such as, market growth supporting factors, restraining factors, trends, opportunities, market risk factors, market competition, product and services advancements and launches, product/services related regulations overview, and recent developments for the mentioned forecast period. In addition, the report provides key examination of market players operating in the specific market and analysis and outcomes related with the target market for more than 20 countries.

In the current research scope 2018 is considered as base year and 2019 is estimated year for market value/volume calculations. The report offers market estimates for the forecast period – 2019 to 2029. The report provides factual inputs and analysis based on primary and secondary research, which includes insights gained through in-depth interviews with primary research participants. Also, the data is gathered from authentic secondary sources and is verified by key opinion leaders in the target market. The in-house research is applied on gathered information to provide more accurate data points and reduce the margin of error. The in-house research and analysis efforts include various tools and 360o data analysis methodology.

The global healthcare RFID market report segments the market on the basis of type, frequency, label type, end-use, and region.

The report expected to answer various target market related questions and offers insights on:

  • Definition, description, overview of market growth influencing factors, and forecast for the target market
  • Scope for related market in the forecast period
  • Analysis and outcome for the global healthcare RFID market by segment and region followed by countries
  • Market segmentation, dominating segment and region followed by country along with market value, share, Y-o-Y growth, CAGR, forecast, and contribution in the market
  • Key market player profiles, their recent developments, strategies, financial details, key competencies, presence by region, and product portfolio
  • Valuable insights, data, and forecast that can be referenced to plan business strategies, to tap market opportunities, understand business related risks, derive business goals, to recognize trends, and understand target customers/end users
  • Insights on recent technologies, pipeline products, regulations related with target market, market investment, and offers insights on political and economic factors that may influence market growth
  • PEST Analysis, PORTER’s five forces analysis, opportunity map analysis, drivers and restraints impact analysis, and market attractiveness index

Competitive Analysis

Advancements in the product as well as in manufacturing process, product launches, and strategic partnerships are some trends witnessed in the global healthcare RFID market. For instance, On April 2017, Avery Dennison, a global leader in pressure-sensitive and functional materials and labeling solutions has opened Netherlands-based innovation center, I.Lab™, in Oegstgeest. Being the world’s highest UHF RFID provider, Avery Dennison combined its technical capabilities and materials science expertise to showcase applications within this space. 

  • 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
  • Radianse, Inc.

Prophecy Market Insights offers required customization on this report according to specific business requirements.

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  • We at Prophecy Market Insights performs in-depth primary and secondary market research to identify market growth and restraining factors, opportunities, and trends, and to determine the key players in the target market, market size of the target market, leading products, leading applications in the target market, suppliers and distributors in the target market etc.
  • Primary Research – Prophecy Market Insights formulates a detailed discussion guide to perform primary research. In primary research collection of data is performed through telephonic interview, E-mail questionnaire’s, and in-depth discussion with industry experts, manufacturers, suppliers, distributors, and end-users. The primary research participant includes but not limited to CEO’s, Managers, Directors, VP’s, Suppliers, and CSO’s.
  • Secondary Research – Our research analyst performs in-depth secondary research and extensive data mining to collect market related information through various authentic data sources such as Government Portals, Annual Reports, Trade Publications, Clinical Trials Publications, Research Publications, Company Press Release, and some paid data sources.
  • In-house Data Analysis – After extensive data mining, we perform in-house market analysis by using various data tools, statistical methods, and data analysis tools to arrive on a conclusion and reduce the margin of error. We provide our overviews and market forecast for the target market after thoroughly understanding and analyzing of collected data, historic market trends, and research outputs.
  • Report Delivery – Prophecy Market Insights provide report in required electronic format (preferably in PDF format), as PDF format is easy to read and present.
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