Industries - RFID in Healthcare Market Analysis by Product (Tags, System, Software), by Applications (Patient Tracking, Asset Tracking, Blood Tracking, Pharmaceutical Tracking), and by Region – Forecast to 2025

Ablation Technology Market Analysis

RFID in Healthcare Market Analysis by Product (Tags, System, Software), by Applications (Patient Tracking, Asset Tracking, Blood Tracking, Pharmaceutical Tracking), and by Region – Forecast to 2025
October 2020

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RFID in Healthcare Market Analysis by Product (Tags, System, Software), by Applications (Patient Tracking, Asset Tracking, Blood Tracking, Pharmaceutical Tracking), and by Region - Forecast to 2025

Published: October 2020 | Historical Data: 2017-2019 | Base Year: 2019
SKU: ICI-HC-1335 | Number of Pages: 128 | Category: Healthcare IT

The global RFID in healthcare market size is estimated to be USD 3,077.1 million in 2019 and is expected to witness a CAGR of 21.0% during the forecast period. Rising attention on restructuring the healthcare value chain, minimizing operational costs, need for efficient management of supply chain, and prerequisite of improvising efficiency & quality of healthcare services are key drivers for global RFID in healthcare market. Moreover, the rise in healthcare cost, error in recording & healthcare data management, increase in patient real-time monitoring, and growing adoption of healthcare data analytics technique are other drivers propelling the market growth. However, high implementation costs and lack of adequate training programs in remote locations are expected to restrain the market growth.

RFID in Healthcare Market

By Product

Based on product, the market is segmented into tags and system & software. In 2019, the tags segment held the maximum revenue share due to the owing to rising awareness for the benefits of tags in healthcare system such as real-time asset monitoring, convenient inventory management, and quicker data record processing. This segment is expected to foresee fastest growth owing to rising penetration of RFID technology with existing system.

By Applications

Based on application, the market is categorized into patient tracking, asset tracking, blood tracking, pharmaceutical tracking, and others. In 2019, the pharmaceutical tracking segment accounted for a significant revenue share due to the rising cases of drug adulteration and counterfeiting worldwide. Growing adoption of RFID systems in pharmaceutical sector enables pharmaceutical organizations, medical supply chain stakeholders and patients to identify the quality and originality of drugs, thereby safeguarding the hazardous health risk among users. The patient tracking segment is anticipated to grow at the fastest CAGR during the forecast period, due to the increasing need of attaining optimum hospital management efficiency.

Regional Insights

In 2019, North America accounted for the highest revenue share globally and is expected to maintain its dominance during the forecast period. This is attributed to the stringent government regulations for patient safety, increase in number of hospitals, standardization for tracking medical devices, existence of advanced healthcare infrastructure and high adoption of modern technologies.

Asia Pacific is projected to exhibit the fastest CAGR over the forecast period owing to the presence of large number of medical companies needing efficient supply chain management system. Factors such as increasing healthcare expenditure, advancing healthcare infrastructure and increasing chronic illness patients in the region are expected to drive the market growth.

North America RFID in Healthcare Market Size (2017-2025), USD Million

North America RFID in Healthcare Market

Competitor Insights

Some of the major companies in the RFID in healthcare market are Zebra Technologies Corporation (U.S.), LogiTag Systems (Israel), Halma plc (U.K.), Biolog-id (France), Hitachi, Ltd. (Japan), Pepperl+Fuchs (Germany), metraTec GmbH (Germany), Cardinal Health, Inc. (U.S.), Promega Corporation (U.S.), and Shenzhen Invengo Information (China). The leading players have adopted strategic collaborations, mergers & acquisitions, and novel technology development approaches to capture the market share.

 

This exhaustive research report focuses on market size and forecast at global, segmental, regional and country-level along with key market trends and dynamics from 2017 to 2025. The RFID in healthcare market report is categorized into the following segments and subsegments:

RFID in Healthcare Market, By Products (Revenue, 2017-2025, USD Million)

  • Tags
  • System & Software

RFID in Healthcare Market, By Applications (Revenue, 2017-2025, USD Million)

  • Patient tracking
  • Asset tracking
  • Blood tracking
  • Pharmaceutical tracking
  • Others

RFID in Healthcare Market, By Region (Revenue, 2017-2025, USD Million)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA

Scope of RFID in Healthcare Market Report:

Key Parameters Details
Data Availability 2017-2025
Historical Years 2017-2019
Base Year Considered 2019
Forecast Period 2019-2025
Company Profiles 10
Companies Considered (Across Value Chain) >50
Value Units Value in USD and CAGR in %
Market Segments Product and Application
Regional Coverage North America (U.S. and Canada), Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe), Asia Pacific (China, Japan, Australia, India, South Korea, Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), and the Middle East & Africa (South Africa, Saudi Arabia, Rest of MEA)
Key Market Players Zebra Technologies Corporation (U.S.), LogiTag Systems (Israel), Halma plc (U.K.), Biolog-id (France), Hitachi, Ltd. (Japan), Pepperl+Fuchs (Germany), metraTec GmbH (Germany), Cardinal Health, Inc. (U.S.), Promega Corporation (U.S.), and Shenzhen Invengo Information (China)
Custom Analysis Customization up to 60 analyst hours

RFID in Healthcare Market, By Product (Revenue, 2017-2025, USD Million)

  • Tags
  • System & Software

RFID in Healthcare Market, By Application (Revenue, 2017-2025, USD Million)

  • Patient tracking
  • Asset tracking
  • Blood tracking
  • Pharmaceutical tracking
  • Others

RFID in Healthcare Market, By Region (Revenue, 2017-2025, USD Million)

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • France
    • UK
    • Spain
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • South Korea
    • Rest of APAC
  • Latin America
    • Brazil
    • Mexico
    • Argentina
    • Rest of LATAM
  • Middle East & Africa
    • South Africa
    • Saudi Arabia
    • Rest of MEA
1. Research Methodology
 1.1. Research Objective
 1.2. Study Scope: Market Segments
 1.3. Study Timeframe, Limitations& Currency
 1.4. Domain-Assisted Cognition (DAC) Framework
  1.4.1. Three-stage Research Methodology
   1.4.1.1. Understand Ecosystem
    1.4.1.1.1. Secondary Research
    1.4.1.1.2. Primary Research
    1.4.1.1.3. Internal Repository
   1.4.1.2. Synthesize Information
    1.4.1.2.1. Data Analysis
    1.4.1.2.2. Data Triangulation
   1.4.1.3. Predict/Project Growth
    1.4.1.3.1. Market Size Estimation
     1.4.1.3.1.1. Bottom-up Approach
     1.4.1.3.1.2. Top-down Approach
    1.4.1.3.2. Data Validation
  1.4.2. Two-stage Quality Check Mechanism
   1.4.2.1. Inspection & Reporting
   1.4.2.2. Quality Audit
2. Market Summary
 2.1. Market Definition & Market Landscape
 2.2. Market Segment Snapshot
 2.3. Geographic Market Snapshot
3. Market Dynamics
 3.1. Market Driver Analysis
  3.1.1. Rising attention on restructure the healthcare value chain
  3.1.2. Increasing need for minimizing operational costs
  3.1.3. Government initiative for avoiding error in recording and healthcare data management
  3.1.4. Growing healthcare data analytics
 3.2. Market Restraint Analysis
  3.2.1. Huge capital cost for implementation of RFID technology
  3.2.2. Lack of technical know-how in remote locations
 3.3. Market Opportunities
  3.3.1. Emerging economies
  3.3.2. Mapping untapped application of RFID in healthcare sector
4. Industry Outlook
 4.1. Key Market Trends
 4.2. Value Chain Analysis
 4.3. Porter’s 5 Forces Analysis
 4.4. Pricing Analysis (2017-2019)
 4.5. Product Benchmarking
5. Covid-19 Impact and Deviation Analysis
 5.1. Covid-19 Prevalence Analysis
 5.2. Key Market Trends
 5.3. Market Size Deviation Analysis (2020-2025)
6. RFID in Healthcare Market Size and Forecast, by Product (2017-2025), USD Million
 6.1. Tags
 6.2. System & Software
7. RFID in Healthcare Market Size and Forecast, by Application (2017-2025), USD Million
 7.1. Patient tracking
 7.2. Asset tracking
 7.3. Blood tracking
 7.4. Pharmaceutical tracking
 7.5. Others
8. Regional Analysis (2017-2025), USD Million
 8.1. North America
  8.1.1. Market Size & Forecast, by Product (2017-2025), USD Million
  8.1.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.1.3. Market Size & Forecast, by Country (2017-2025), USD Million
  8.1.4. U.S.
   8.1.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.1.4.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.1.5. Canada
   8.1.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.1.5.2. Market Size & Forecast, by Application (2017-2025), USD Million
 8.2. Europe
  8.2.1. Market Size & Forecast, by Product (2017-2025), USD Million
  8.2.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.2.3. Market Size & Forecast, by Country (2017-2025), USD Million
  8.2.4. Germany
   8.2.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.2.4.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.2.5. UK
   8.2.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.2.5.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.2.6. France
   8.2.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.2.6.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.2.7. Spain
   8.2.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.2.7.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.2.8. Italy
   8.2.8.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.2.8.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.2.9. Russia
   8.2.9.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.2.9.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.2.10. Rest of Europe
   8.2.10.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.2.10.2. Market Size & Forecast, by Application (2017-2025), USD Million
 8.3. Asia Pacific (APAC)
  8.3.1. Market Size & Forecast, by Product (2017-2025), USD Million
  8.3.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.3.3. Market Size & Forecast, by Country (2017-2025), USD Million
  8.3.4. China
   8.3.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.3.4.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.3.5. Japan
   8.3.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.3.5.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.3.6. India
   8.3.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.3.6.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.3.7. Australia
   8.3.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.3.7.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.3.8. South Korea
   8.3.8.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.3.8.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.3.9. Rest of Asia Pacific
   8.3.9.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.3.9.2. Market Size & Forecast, by Application (2017-2025), USD Million
 8.4. Latin America (LATAM)
  8.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
  8.4.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.4.3. Market Size & Forecast, by Country (2017-2025), USD Million
  8.4.4. Brazil
   8.4.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.4.4.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.4.5. Mexico
   8.4.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.4.5.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.4.6. Argentina
   8.4.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.4.6.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.4.7. Rest of LATAM
   8.4.7.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.4.7.2. Market Size & Forecast, by Application (2017-2025), USD Million
 8.5. Middle East & Africa (MEA)
  8.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
  8.5.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.5.3. Market Size & Forecast, by Country (2017-2025), USD Million
  8.5.4. South Africa
   8.5.4.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.5.4.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.5.5. Saudi Arabia
   8.5.5.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.5.5.2. Market Size & Forecast, by Application (2017-2025), USD Million
  8.5.6. Rest of MEA
   8.5.6.1. Market Size & Forecast, by Product (2017-2025), USD Million
   8.5.6.2. Market Size & Forecast, by Application (2017-2025), USD Million
9. Competitor Analysis
 9.1. Market Player Comparison
 9.2. Product-wise Player Mapping
 9.3. Region-wise Player Mapping
 9.4. Market Share Analysis
 9.5. Market Position Analysis
 9.6. Recent Development Analysis
10. Company Profiles
 10.1. Zebra Technologies Corporation (U.S.)
  10.1.1. Company Overview
  10.1.2. Company Financials
  10.1.3. Product Portfolio
  10.1.4. Recent Developments
 10.2. LogiTag Systems (Israel)
  10.2.1. Company Overview
  10.2.2. Company Financials
  10.2.3. Product Portfolio
  10.2.4. Recent Developments
 10.3. Halma plc (U.K.)
  10.3.1. Company Overview
  10.3.2. Company Financials
  10.3.3. Product Portfolio
  10.3.4. Recent Developments
 10.4. Biolog-id (France)
  10.4.1. Company Overview
  10.4.2. Company Financials
  10.4.3. Product Portfolio
  10.4.4. Recent Developments
 10.5. Hitachi, Ltd. (Japan)
  10.5.1. Company Overview
  10.5.2. Company Financials
  10.5.3. Product Portfolio
  10.5.4. Recent Developments
 10.6. Pepperl+Fuchs (Germany)
  10.6.1. Company Overview
  10.6.2. Company Financials
  10.6.3. Product Portfolio
  10.6.4. Recent Developments
 10.7. metraTec GmbH (Germany)
  10.7.1. Company Overview
  10.7.2. Company Financials
  10.7.3. Product Portfolio
  10.7.4. Recent Developments
 10.8. Cardinal Health, Inc. (U.S.)
  10.8.1. Company Overview
  10.8.2. Company Financials
  10.8.3. Product Portfolio
  10.8.4. Recent Developments
 10.9. Promega Corporation (U.S.)
  10.9.1. Company Overview
  10.9.2. Company Financials
  10.9.3. Product Portfolio
  10.9.4. Recent Developments
 10.10. Shenzhen Invengo Information (China)
  10.10.1. Company Overview
  10.10.2. Company Financials
  10.10.3. Product Portfolio
  10.10.4. Recent Developments

Key questions addressed by the research report-

  1. What are the current market trends and future market forecast from 2019 to 2025 for RFID in healthcare market?
  2. What are the market dynamics and probable opportunities for market players during the forecast period?
  3. Initiatives undertaken my market players to address the COVID-19 impact to sustain in the competitive market.
  4. Which geographies have immense opportunities in different segments of the RFID in healthcare market?
  5. What are the recent strategies adopted by market players such as product launch, partnership, agreement, collaboration, merger & acquisition, and geographical expansion?


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