Global RFID in Healthcare Market Size, Share, Trends, Industry Growth by Product (Systems & Software, Tags), by Application (Asset Tracking, Patient Tracking, Pharmaceutical Tracking, Blood Tracking, Others), by End-User, by Region, and Forecast to 2028

Price: 3795/- USD | Published Date: May 15, 2022 |

The global RFID in healthcare market size is projected to grow at a significant CAGR of over 14% from 2022 to 2028. The increasing adoption of RFID in healthcare and the growing demand for reduced operation costs are some of the major factors to drive the market growth. Furthermore, the increasing use of the technology in inventory management, assets tracking, and patient tracking are further anticipated to boost the market. Moreover, the increasing adoption of the technology in pharmacies, hospitals, and biotech companies to lower cost and higher efficacy and the growing hospital and pharmacies automation are expected to fuel the market over the forecast period.

Market Insights:

The global RFID in healthcare market is bifurcated into product, application, end-user, and geography. On the basis of product, the market is further segmented into tags and systems & software. The tags segment dominated the global market in 2021 and is estimated to hold the largest revenue share of around two-thirds market share by the end of the analysis period. The increasing demand for faster processing and real-time monitoring of assets is a major factor to drive the segment growth. Furthermore, the increasing number of patients and the growing visit frequency and the technological advancement in telemedicine are further anticipated to fuel the segment growth over the forecast period.

On the basis of application, the market is further segmented into asset tracking, patient tracking, pharmaceutical tracking, blood tracking, and others. The pharmaceutical tracking segment dominated the global RFID in healthcare market in 2021 and expected to hold the largest revenue share of over one-fourth share of the market by the end of the analysis period. The increasing adoption of the technology in the pharmaceutical sector to identify the drugs and the benefits associated with the technology for organizations, patients, and the supply chain are some major factors to drive the segment growth. On the flip side, the patient tracking segment is expected to register the fastest growth rate over the forecast period.

RFID in Healthcare Market Growth

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The RFID in healthcare comprehensive study analyzes industry trends, market size, competitive analysis, and market forecast – 2022 to 2028. Research Corridor report provides detailed premium insight into the global market and reveals the potential revenue streams, commercial prospects, market drivers, challenges, opportunities, issues, and events affecting the industry. In addition, the report has a dedicated section covering market forecasts and analysis for leading geographies, profiles of major companies operating in the market and expert opinion obtained from interviews with industry executives and experts from prominent companies.

The RFID in healthcare market research report presents the analysis of each segment from 2019 to 2028 considering 2020 as the base year for the research. The compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2027.

Historical & Forecast Period

  • 2019-20 – Historical Year
  • 2021 – Base Year
  • 2022-2028 – Forecast Period

Global RFID in Healthcare Market Segmentation:

RFID in Healthcare Market Segmentation by Product:

  • Systems & Software
  • Tags

RFID in Healthcare Market Segmentation by Application:

  • Asset Tracking
  • Patient Tracking
  • Pharmaceutical Tracking
  • Blood Tracking
  • Others

RFID in Healthcare Market Segmentation by End-User:

  • Hospitals
  • Pharmaceutical
  • Others

RFID in Healthcare Market Segmentation by Region:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

RFID in Healthcare Market: Geographic Coverage

Geographically, North America dominated the global RFID in healthcare market in 2021 and expected to maintain its dominance over the forecast period. The early adoption of advanced technologies and the availability of well-structured healthcare infrastructure are some major factors to drive the market growth in the region. Furthermore, the improving regulations for patient safety, the increasing number of hospitals, and the regulations for tracking medical equipment are expected to fuel the market growth in North America. On the other hand, the Asia Pacific is estimated to register the fastest growth rate in the market over the forecast period due to the increasing number of life science companies and the growing pharmaceutical industry.

RFID in Healthcare Market: Competitive Assessment

Some of the major market players operating in the global RFID in healthcare market are Smartrac NV, Avery Dennison Corporation, Alien Technology Corporation, GAO RFID Inc., and Honeywell International Inc. Companies are exploring markets by expansion, new investment, the introduction of new services, and collaboration as their preferred strategies. Players are exploring new geography through expansion and acquisition to gain a competitive advantage through joint synergy.

List of Key Companies:

  • Smartrac NV
  • Avery Dennison Corporation
  • Alien Technology Corporation
  • GAO RFID Inc.
  • Honeywell International Inc.
  • CAEN RFID S.R.L.
  • CCL Industries Inc.
  • Checkpoint Systems, Inc.
  • Impinj, Inc.
  • Invengo Information Technology Co. Ltd.

Key Questions Answered by RFID in Healthcare Market Report

  • Global RFID in healthcare market forecasts from 2022-2028
  • Regional market forecasts from 2022-2028 covering Asia-Pacific, North America, Europe, Middle East & Africa, and Latin America
  • Country-level forecasts from 2022-2028 covering 15 major countries from the regions as mentioned above
  • RFID in healthcare submarket forecasts from 2022-2028 covering the market by product, by application, by end-user, and geography
  • Various industry models such as SWOT analysis, Value Chain Analysis about the market
  • Analysis of the key factors driving and restraining the growth of the global, regional, and country-level RFID in healthcare markets from 2022-2028
  • Competitive Landscape and market positioning of top 10 players operating in the market
Table of Content:

1. Preface


1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.4. Assumptions

 

2. Executive Summary


2.1. Global RFID in Healthcare Market Portraiture
2.2. Global RFID in Healthcare Market, by Product, 2021 (USD Mn)
2.3. Global RFID in Healthcare Market, by Application, 2021 (USD Mn)
2.4. Global RFID in Healthcare Market, by End-User, 2021 (USD Mn)
2.5. Global RFID in Healthcare Market, by Geography, 2021 (USD Mn)

 

3. Global RFID in Healthcare Market Analysis


3.1. RFID in Healthcare Market Overview
3.2. Market Inclination Insights
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Challenges
3.3.3. Opportunities
3.4. Attractive Investment Proposition
3.5. Competitive Analysis
3.6. Porter’s Five Force Analysis
3.6.1. Bargaining Power of Suppliers
3.6.2. Bargaining Power of Buyers
3.6.3. Threat of New Entrants
3.6.4. Threat of Substitutes
3.6.5. Degree of Competition
3.7. COVID-19 Impact Analysis

 

4. Global RFID in Healthcare Market By Product, 2019 – 2028 (USD Mn)


4.1. Overview
4.2. Systems & Software
4.3. Tags

 

5. Global RFID in Healthcare Market By Application, 2019 – 2028 (USD Mn)


5.1. Overview
5.2. Asset Tracking
5.3. Patient Tracking
5.4. Pharmaceutical Tracking
5.5. Blood Tracking
5.6. Others

 

6. Global RFID in Healthcare Market By End-User, 2019 – 2028 (USD Mn)


6.1. Overview
6.2. Hospitals
6.3. Pharmaceutical
6.4. Others

 

7. North America RFID in Healthcare Market Analysis and Forecast, 2019 – 2028 (USD Mn)


7.1. Overview
7.2. North America RFID in Healthcare Market by Product, (2019-2028 USD Mn)
7.3. North America RFID in Healthcare Market by Application, (2019-2028 USD Mn)
7.4. North America RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
7.5. North America RFID in Healthcare Market by Country, (2019-2028 USD Mn)
7.5.1. U.S.
7.5.1.1. U.S. RFID in Healthcare Market by Product, (2019-2028 USD Mn)
7.5.1.2. U.S. RFID in Healthcare Market by Application, (2019-2028 USD Mn)
7.5.1.3. U.S. RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
7.5.2. Canada
7.5.2.1. Canada RFID in Healthcare Market by Product, (2019-2028 USD Mn)
7.5.2.2. Canada RFID in Healthcare Market by Application, (2019-2028 USD Mn)
7.5.2.3. Canada RFID in Healthcare Market by End-User, (2019-2028 USD Mn)

 

8. Europe RFID in Healthcare Market Analysis and Forecast, 2019 – 2028 (USD Mn)


8.1. Overview
8.2. Europe RFID in Healthcare Market by Product, (2019-2028 USD Mn)
8.3. Europe RFID in Healthcare Market by Application, (2019-2028 USD Mn)
8.4. Europe RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
8.5. Europe RFID in Healthcare Market by Country, (2019-2028 USD Mn)
8.5.1. Germany
8.5.1.1. Germany RFID in Healthcare Market by Product, (2019-2028 USD Mn)
8.5.1.2. Germany RFID in Healthcare Market by Application, (2019-2028 USD Mn)
8.5.1.3. Germany RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
8.5.2. U.K.
8.5.2.1. U.K. RFID in Healthcare Market by Product, (2019-2028 USD Mn)
8.5.2.2. U.K. RFID in Healthcare Market by Application, (2019-2028 USD Mn)
8.5.2.3. U.K. RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
8.5.3. France
8.5.3.1. France RFID in Healthcare Market by Product, (2019-2028 USD Mn)
8.5.3.2. France RFID in Healthcare Market by Application, (2019-2028 USD Mn)
8.5.3.3. France RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
8.5.4. Italy
8.5.4.1. Italy RFID in Healthcare Market by Product, (2019-2028 USD Mn)
8.5.4.2. Italy RFID in Healthcare Market by Application, (2019-2028 USD Mn)
8.5.4.3. Italy RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
8.5.5. Rest of Europe
8.5.5.1. Rest of Europe RFID in Healthcare Market by Product, (2019-2028 USD Mn)
8.5.5.2. Rest of Europe RFID in Healthcare Market by Application, (2019-2028 USD Mn)
8.5.5.3. Rest of Europe RFID in Healthcare Market by End-User, (2019-2028 USD Mn)

 

9. Asia Pacific RFID in Healthcare Market Analysis and Forecast, 2019 – 2028 (USD Mn)


9.1. Overview
9.2. Asia Pacific RFID in Healthcare Market by Product, (2019-2028 USD Mn)
9.3. Asia Pacific RFID in Healthcare Market by Application, (2019-2028 USD Mn)
9.4. Asia Pacific RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
9.5. Asia Pacific RFID in Healthcare Market by Country, (2019-2028 USD Mn)
9.5.1. China
9.5.1.1. China RFID in Healthcare Market by Product, (2019-2028 USD Mn)
9.5.1.2. China RFID in Healthcare Market by Application, (2019-2028 USD Mn)
9.5.1.3. China RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
9.5.2. Japan
9.5.2.1. Japan RFID in Healthcare Market by Product, (2019-2028 USD Mn)
9.5.2.2. Japan RFID in Healthcare Market by Application, (2019-2028 USD Mn)
9.5.2.3. Japan RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
9.5.3. India
9.5.3.1. India RFID in Healthcare Market by Product, (2019-2028 USD Mn)
9.5.3.2. India RFID in Healthcare Market by Application, (2019-2028 USD Mn)
9.5.3.3. India RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
9.5.4. Rest of Asia Pacific
9.5.4.1. Rest of Asia Pacific RFID in Healthcare Market by Product, (2019-2028 USD Mn)
9.5.4.2. Rest of Asia Pacific RFID in Healthcare Market by Application, (2019-2028 USD Mn)
9.5.4.3. Rest of Asia Pacific RFID in Healthcare Market by End-User, (2019-2028 USD Mn)

 

10. Latin America (LATAM) RFID in Healthcare Market Analysis and Forecast, 2019 – 2028 (USD Mn)


10.1. Overview
10.2. Latin America RFID in Healthcare Market by Product, (2019-2028 USD Mn)
10.3. Latin America RFID in Healthcare Market by Application, (2019-2028 USD Mn)
10.4. Latin America RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
10.5. Latin America RFID in Healthcare Market by Country, (2019-2028 USD Mn)
10.5.1. Brazil
10.5.1.1. Brazil RFID in Healthcare Market by Product, (2019-2028 USD Mn)
10.5.1.2. Brazil RFID in Healthcare Market by Application, (2019-2028 USD Mn)
10.5.1.3. Brazil RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
10.5.2. Mexico
10.5.2.1. Mexico RFID in Healthcare Market by Product, (2019-2028 USD Mn)
10.5.2.2. Mexico RFID in Healthcare Market by Application, (2019-2028 USD Mn)
10.5.2.3. Mexico RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
10.5.3. Rest of Latin America
10.5.3.1. Rest of Latin America RFID in Healthcare Market by Product, (2019-2028 USD Mn)
10.5.3.2. Rest of Latin America RFID in Healthcare Market by Application, (2019-2028 USD Mn)
10.5.3.3. Rest of Latin America RFID in Healthcare Market by End-User, (2019-2028 USD Mn)

 

11. Middle East and Africa RFID in Healthcare Market Analysis and Forecast, 2019 – 2028 (USD Mn)


11.1. Overview
11.2. MEA RFID in Healthcare Market by Product, (2019-2028 USD Mn)
11.3. MEA RFID in Healthcare Market by Application, (2019-2028 USD Mn)
11.4. MEA RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
11.5. Middle East and Africa RFID in Healthcare Market, by Country, (2019-2028 USD Mn)
11.5.1. GCC
11.5.1.1. GCC RFID in Healthcare Market by Product, (2019-2028 USD Mn)
11.5.1.2. GCC RFID in Healthcare Market by Application, (2019-2028 USD Mn)
11.5.1.3. GCC RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
11.5.2. South Africa
11.5.2.1. South Africa RFID in Healthcare Market by Product, (2019-2028 USD Mn)
11.5.2.2. South Africa RFID in Healthcare Market by Application, (2019-2028 USD Mn)
11.5.2.3. South Africa RFID in Healthcare Market by End-User, (2019-2028 USD Mn)
11.5.3. Rest of MEA
11.5.3.1. Rest of MEA RFID in Healthcare Market by Product, (2019-2028 USD Mn)
11.5.3.2. Rest of MEA RFID in Healthcare Market by Application, (2019-2028 USD Mn)
11.5.3.3. Rest of MEA RFID in Healthcare Market by End-User, (2019-2028 USD Mn)

 

12. Company Profiles


12.1. Smartrac NV
12.1.1. Business Description
12.1.2. Financial Health and Budget Allocation
12.1.3. Product Positions/Portfolio
12.1.4. Recent Development
12.1.5. SWOT Analysis
12.2. Avery Dennison Corporation
12.2.1. Business Description
12.2.2. Financial Health and Budget Allocation
12.2.3. Product Positions/Portfolio
12.2.4. Recent Development
12.2.5. SWOT Analysis
12.3. Alien Technology Corporation
12.3.1. Business Description
12.3.2. Financial Health and Budget Allocation
12.3.3. Product Positions/Portfolio
12.3.4. Recent Development
12.3.5. SWOT Analysis
12.4. GAO RFID Inc.
12.4.1. Business Description
12.4.2. Financial Health and Budget Allocation
12.4.3. Product Positions/Portfolio
12.4.4. Recent Development
12.4.5. SWOT Analysis
12.5. Honeywell International Inc.
12.5.1. Business Description
12.5.2. Financial Health and Budget Allocation
12.5.3. Product Positions/Portfolio
12.5.4. Recent Development
12.5.5. SWOT Analysis
12.6. CAEN RFID S.R.L.
12.6.1. Business Description
12.6.2. Financial Health and Budget Allocation
12.6.3. Product Positions/Portfolio
12.6.4. Recent Development
12.6.5. SWOT Analysis
12.7. CCL Industries Inc.
12.7.1. Business Description
12.7.2. Financial Health and Budget Allocation
12.7.3. Product Positions/Portfolio
12.7.4. Recent Development
12.7.5. SWOT Analysis
12.8. Checkpoint Systems, Inc.
12.8.1. Business Description
12.8.2. Financial Health and Budget Allocation
12.8.3. Product Positions/Portfolio
12.8.4. Recent Development
12.8.5. SWOT Analysis
12.9. Impinj, Inc.
12.9.1. Business Description
12.9.2. Financial Health and Budget Allocation
12.9.3. Product Positions/Portfolio
12.9.4. Recent Development
12.9.5. SWOT Analysis
12.10. Invengo Information Technology Co. Ltd.
12.10.1. Business Description
12.10.2. Financial Health and Budget Allocation
12.10.3. Product Positions/Portfolio
12.10.4. Recent Development
12.10.5. SWOT Analysis
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