Published Date: 14-Jun-2021
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According to a new report Global Healthcare Automatic Identification and Data Capture Market, published by KBV research, The Global Healthcare Automatic Identification and Data Capture Market size is expected to reach $52.8 billion by 2027, rising at a market growth of 22.1% CAGR during the forecast period.
The adoption of technologically advanced solutions and novel product launch strategies will boost the growth of clinical applications of healthcare automatic identification and data capture in the forecasted period. For example, at ISBT Basel 2019 congress, SATO revealed PJM RFID-based blood management solutions in May 2019. PJM RFID technology is used in transfusion medicines and blood banking is recommended by the ISBT. An introduction of such products is expected to drive the adoption in the coming years.
The biometric segment led the market for healthcare automatic identification and data capture. It has accounted for the largest revenue share in 2020. It is due to supportive government initiatives for the adoption of biometrics in healthcare facilities in order to limit the ongoing healthcare fraud & medical identity theft. 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 of this segment.
North America led the healthcare automatic identification and data capture market. It has the largest revenue share of the market in 2020 due to the increasing adoption of advanced technologies. These services and solutions will be helpful in providing better healthcare to patients. The demand for better healthcare facilities, infrastructure, and healthcare expenditure has increased in recent years.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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