RFID In Healthcare Market Technology Research and Future Prospects 2025 | 3M, Hitachi, IBM

The Global RFID In Healthcare Market provides information regarding market size, share, trends, growth, cost structure, global market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025. The report provides the overall scope of the market including future supply and demand, emerging market trends, high growth opportunity, and in-depth analysis of the future prospect of the market. This report also includes the overall and comprehensive study of the RFID In the Healthcare market with all its aspects influencing the growth of the market. The report also covers detailed analysis on current COVID-19 pandemic conditions and its future impacts on the growth of the overall market.

The RFID in the healthcare market was valued at USD 1.51 billion in 2019 and is expected to reach USD 3.28 billion by 2025, at a CAGR of 13.8% over the forecast period 2020 - 2025.

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Top Key Players in the Global RFID In Healthcare Market: 3M, Hitachi, Aaid Security Solutions, IBM, AdvantaPure, BearingPoint, Motorola, Alvin Systems, Siemens

Key Market Development:

March 2021 -RFID tech helps Reading Hospital boost the volume of COVID-19 vaccinations

April 2019 - Alien Technology announced the Higgs-9 IC, the first release of its next-generation of Higgs RFID semiconductor integrated circuits. It enables enterprise-critical applications to run faster, smarter, and with quicker ROI in RFID deployments.

Market Overview:

- Growing stringency in the pharmaceutical sector with regard to medicine labeling is the major driver for the introduction of RFID in this market. Manufacturers operating in the European Union add unique identification numbers to the outer packaging of all prescription drugs and equip containers with tamperproof seals starting February 2019.
- The stricter government policy in quality assurance in the healthcare sector indirectly assists the RFID market and creates an opportunity for the new entrants in the market. For instance, the government of India released the National Health Policy (NHP) 2017 to serve as a guiding document for the policymakers in the achievement of India's national goals and international commitments. The capital requirements are moderate, making it competitive for the businesses to quit easily.
- Many alternate labeling methods are being developed like linear barcoding and 2D data matrix barcoding, which hamper the growth of RFID. GS1 logistics label is the latest example which is used in the serial shipping container.

Market Segmentation:

By Type:

Asset Tracking Tags
Pharmaceutical Tracking Tags
Patient Tracking Tags
Blood Monitoring Tags

By Application:

Asset Tracking Systems
Pharmaceutical Tracking Systems
Patient Tracking Systems
Blood Monitoring Systems

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Regional Analysis:

North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Key Highlights of the Table of Contents:

Market Study: It includes key market segments, key manufacturers covered, the scope of products offered in the years considered, global RFID In Healthcare Market and study objectives. Additionally, it touches the segmentation study provided in the report on the basis of the type of product and applications.

Market Executive summary: This section emphasizes the key studies, market growth rate, competitive landscape, market drivers, trends, and issues in addition to the macroscopic indicators.

Market Production by Region: The report delivers data related to import and export, revenue, production, and key players of all regional markets studied are covered in this section.

Market Profile of Manufacturers: Analysis of each market player profiled is detailed in this section. This segment also provides SWOT analysis, products, production, value, capacity, and other vital factors of the individual player

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