RFID in Healthcare Market 2022 Current Trends and Future Aspect Analysis 2030 - CAGR Grow at 13.1%

The global RFID in healthcare market is expected to reach USD 1,947.04 million by 2030 at a CAGR of 13.10% over the forecast period 2022-2030.

The RFID in Healthcare market Industry Report provides in-depth market data and sharp insights on the market's size, growth, forecasts, and other issues. Additionally, it provides recent RFID in Healthcare market statistics for the business as well as an industry viewpoint for projections through 2022. We provide resources for the benefit of executives, marketing, and sales. Product managers, consultants, analysts, and anyone looking for essential industry data in a single, easily accessible document may also obtain well-organised tables and graphs. The worldwide RFID in Healthcare market is further segmented in the research study by major rivals and brands, regions, product categories, and end users. This study also looks at the potential and difficulties, distribution routes, market shares, growth rates, and competitive environments of the international market.

Market Overview:

RFID is gaining prominence for patients in healthcare and can also provide asset tracking in developed and emerging economies. It also aids in drug screening detection. It can also reduce waste and avoid unwanted costs. Its use provides many benefits to the healthcare industry, such as patient safety, tracking, patient care, provider satisfaction, etc., and improves inventory management systems in hospitals, biotechnology centers, and pharmacies. Growing population of cancer patients and hospitals focusing on high efficiency and patient safety and adopting automated systems will boost the market growth. The large number of collaborations and market participants present in the growing region is a major factor in the market. However, the market has several advantages. However, the high cost involved in the system and the people's lack of awareness of RFID may hinder the market. Technical limitations such as errors may hinder the healthcare RFID market. The market position is likely to improve due to increased strategies and alliances with major players in North America.

The Prominent Players in RFID in Healthcare market:
Applied Wireless Identifications Group, Inc., Invengo Information Technology Ltd. Co., Alien Technology Corporation, CAEN RFID S.r.l., Impinj, Inc., GAO RFID Inc., Intermec, Inc., Sato Holdings Corporation, STiD and Motorola Solutions, Inc.

Industry Insights:

June 2022 - Impinj, Inc. introduces the Impinj E910 RAIN RFID reader chip for next-generation enterprise-class readers that can quickly and consistently find and interact with many connected items, including retail clothing, pallets, air cargo and vehicle parts. The Impinj E910 reader chip provides supply chain automation, inventory management, loss prevention solutions, performance, low power consumption, and ease of use that sets industry standards.

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RFID in Healthcare by Segmentation:

By Component
o RFID tags
• Active RFID tags
• Passive RFID tags
o RFID readers
• Active RFID tags
• Passive RFID tags
• RFID middleware
• RFID printers
• RFID cabinets

By Application
• Equipment tracking
• Patient identification and tracking
• Samples and blood transfer tracking
• Medicine tracking
• Others

Reasons to Purchase This Report:

The updated research, available as an extract, also includes the option to acquire premium features that cover extensive historical, present, and future data. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment markets by type, application and, region, and, as a result, provides a holistic view of, as well as a deep insight into the RFID in Healthcare market covering all its essential aspects.

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Regional Insights:

In Japan, various companies are collaborating to provide improved healthcare solutions and services. For example, in August 2022, Fujitsu Limited and Tsuda University collaborated to launch a joint social design research project to leverage flexible and sustainable community health services in Japan. The project aims to provide a framework for high-quality health and medical care to patients regardless of limited social resources. These initiatives by several companies and universities in the region to boost the country's healthcare industry are expected to fuel the country's need for advanced RFID medical devices and solutions.

RFID in Healthcare Market Dynamics:

Medicines have been produced for worldwide distribution by multinational pharmaceutical companies for decades. However, labeling is a rigorous and time-consuming task that is becoming increasingly difficult. Pharmaceutical companies are forced to create systems that meet global requirements or outsource labeling and packaging to experts due to new labeling regulations that may vary by country and region, which is expected to boost the growth of the RFID market by orders of magnitude.
The stringent regulatory framework in the pharmaceutical sector is driving the adoption of RFID readers in supply chain operations as it can help maintain compliance and certification regulations set by regulators. As a result, manufacturers are continuously developing next-generation RFID tags and readers to implement efficient labeling systems to minimize medical errors in pharmaceuticals and comply with newly implied regulatory compliance and regulations.

Following Chapter Covered in the RFID in Healthcare Market Research:

Chapter 1- Provides an overview of RFID in Healthcare market, containing global revenue and CAGR. The forecast and analysis of RFID in Healthcare market by type, application, and region are also presented in this chapter.
Chapter 2- Describes the market environment and major players. It provides basic information of these players along with competitive situation and market concentration status.
Chapter 3- Introduces the industrial chain of RFID in Healthcare. In this chapter, industrial chain analysis, raw materials (suppliers, price, supply and demand, market concentration rate), and downstream buyers are analysed.
Chapter 4- Concentrates on manufacturing analysis, including cost structure analysis and process analysis, constituting a comprehensive analysis of manufacturing cost.
Chapter 5- Provides clear insights on market dynamics, impact of COVID-19 on industries, and analysis of consumer behaviour.
Chapter 6- Provides a full-scale analysis of major players in RFID in Healthcare industry. Basic information is provided as well as profile, applications, and specifications of product market performance along with business overview.
Chapter 7- Pays attention to the sales, revenue, price, and gross margin of RFID in Healthcare in different geographical markets. This part covers the analysis of sales, revenue, price, and gross margin in the global market.
Chapter 8- Gives a worldwide view of the market RFID in Healthcare. It includes sales, revenue, price, market share, and growth rate by type.
Chapter 9- Focuses on the application of RFID in Healthcare, by analysing the consumption and growth rate of each application.
Chapter 10- Forecasts the entire RFID in Healthcare market, including global sales and revenue forecasts, as well as regional forecasts. It also foresees the RFID in Healthcare market by type and application.

• Historical Years: 2017-2021
• Base Year: 2022
• Estimated Year: 2022
• Forecast Period: 2023-2030

FAQs:
1) What Is the Industry's Current Market Situation?
2) What is the level of market competition in this sector, both regionally and nationally?
3) What is Market Analysis of the Market Considering Applications and Types?
4) What Will the Supply, Consumption, and Market Share Be?
5) What Does Upstream Raw Material and Downstream Industry Market Chain Analysis?

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