Asia Pacific Healthcare Automatic Identification and Data Capture Market By Component (Hardware, Software and Services), By Technology (Biometric, RFID, Barcode and others), By Application (Non-Clinical and Clinical), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Asia Pacific Healthcare Automatic Identification and Data Capture Market would witness market growth of 23.6% CAGR during the forecast period (2021-2027).
Automatic identification & data capture (AIDC) is a technological process that identifies objects, collects related data, and makes an entry in the computer or any other microprocessor-controlled system by a fully automated process. Healthcare automatic identification & data capture (AIDC) has very helpful as it ensures error-free collection of data and better-quality patient care as there is minimal risk of medication errors.
Healthcare automation identification and data capture is an advanced technology. It is used to gather information and data from different sources including individual, picture, or sound, questions without any manual information section. It is a technique that involves the identification and recognition of entities.
Asian counties showed rapid growth in the healthcare industry over the years. Several Asian countries including Singapore, South Korea, Malaysia, and Taiwan, are considered as home to medically advanced institutions. Patients from all over the world visit these countries to get medical benefits so it is a medical tourism hub. This swift rapid growth of the healthcare industry in Asia is due to the development of health tech, which means the use of technology in the advancement of the practice of medicine.
For example, the Japanese government has made it compulsory to use new barcode-enabled pharmaceuticals and medical devices in order to avoid human errors and manage data in an efficient way. The trend is expected to increase in the coming years that will drive the healthcare automatic identification and data capture technologies market. In addition to it, increasing IT adoption in healthcare and rising awareness levels about the benefits of biometrics and increasing demand for cybersecurity in healthcare practice are the major drivers contributing to the growth healthcare automatic identification and data capture technologies market.
The China market dominated the Asia Pacific Clinical Market by Country in 2020, thereby, achieving a market value of $980.3 million by 2027. The Japan market is showcasing a CAGR of 25.5% during (2021-2027). Additionally, The India market is poised to grow at a CAGR of 25.5% during (2021-2027).
Based on Component, the market is segmented into Hardware, Software and Services. Based on Technology, the market is segmented into Biometric, RFID, Barcode and others. Based on Application, the market is segmented into Non-Clinical and Clinical. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Healthcare Automatic Identification and Data Capture Market is Projected to reach USD 52.8 Billion by 2027, at a CAGR of 22.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Datalogic S.p.A. (Hydra S.p.A.), Sick AG, Honeywell International, Inc., Cognex Corporation, Toshiba Corporation, NXP Semiconductors N.V., Impinj, Inc., Denso Corporation, Avery Dennison Corporation, and Bluebird, Inc.
Scope of the Study
Market Segments Covered in the Report:
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Datalogic S.p.A. (Hydra S.p.A.)
- Sick AG
- Honeywell International, Inc.
- Cognex Corporation
- Toshiba Corporation
- NXP Semiconductors N.V.
- Impinj, Inc.
- Denso Corporation
- Avery Dennison Corporation
- Bluebird, Inc.
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