RFID in Healthcare Market 2023 Driving Factors Forecast Research 2029

RFID in healthcare market is anticipated to grow at a CAGR of 15.2% during the forecast period (2023-2030). Inventory management in pharmacies, hospitals, and biotech firms and also improved patient security by healthcare providers are the driving factor for the growth of Improvement RFID in the Healthcare market. According to the UPS Healthcare Supply Chain Vital Signs US Hospitals Study, The operating room accounts for between 40.0% to 60.0% percent of a hospital's overall supply spending. Tissues and biologics are frequently used to manage temperature in these areas, and they also have higher compliance requirements. For instance, in April 2023, Terso Solutions, Inc. implemented its TrackCore and 500th Terso Solutions smart enclosure. The adoption of this RFID enabled technology continues to accelerate throughout U.S. healthcare systems.

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The global RFID in Healthcare market is segmented on the product, application, and end-users. Based on the product, the market is sub-segmented into systems and software, tags. Based on the application, the market is sub-segmented into blood tracking, patient tracking, pharmaceutical tracking, asset tracking. Further, on the basis of end-users, the market is sub-segmented into hospitals & clinics, and pharmaceutical. Among the end-users, the pharmaceutical sub-segment is anticipated to hold a considerable share of the market owing to the rise in damaged reputations and illegitimate product-liability cases. Product marking plays a key role in anti-counterfeiting measures. Tiny transponders in RFID labels store individual product information.

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• Market Coverage
• Market number available for - 2023-2029
• Base year- 2022
• Forecast period- 2023-2029
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global RFID in Healthcare Market by Product
o Systems & Software
o Tags

Global RFID in Healthcare Market by Application
o Blood Tracking
o Patient Tracking
o Pharmaceutical Tracking
o Asset Tracking

Global RFID in Healthcare Market by End-Users
o Hospitals and Clinics
o Pharmaceutical

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World

Company Profiles
o American RFID Solutions
o CenTrak, Inc.
o Honeywell International Inc.
o Invego
o Litum Technologies
o LogiTag Systems
o Mobile Aspects
o Motorola Solutions, Inc.
o Radianse
o RF Technologies
o SATO HOLDINGS CORP.
o Siemens AG
o Tagsys RFID
o Terso Solutions, Inc.
o Xerafy

The Report Covers
• Market value data analysis of 2022 and forecast to 2030.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global RFID in healthcare market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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