The North America Healthcare Automatic Identification and Data Capture Market would witness market growth of 21.3% CAGR during the forecast period (2021-2027).
Healthcare Automatic Identification and Data Capture is used to identify and track items, and to collect the data automatically. It is also called AIDC, automatic data capture, and automatic data collection, Auto-ID. It is a technology that identifies, verify, communicate, record, and store information on either as discrete and packaged items. The information is collected quickly and accurately, as the process is fully automated. The technologies that are used to identify and capture data include barcodes, scanners, and imagers, radio frequency identification (RFID) readers and tags, and voice recognition, cubing, and weighing devices.
The USA holds 4th rank in the World Index of Healthcare Innovation. American healthcare development is doing its best to adopt advanced technologies in order to improve the facilities given to the patients. The advances are largely discovered at American universities and American companies. As per the CMS, the healthcare expenditure of the U.S. in 2019 was 17.7% of its GDP. It is a huge contribution to the healthcare industry. This indicates that there will be high adoption of advanced technologies including healthcare automatic identification and data capture in this region. This will improve patient-centred customer service and help in good involvement in medical decisions by the authorities. This is likely to drive the demand for automatic identification and data capture technologies in the healthcare industry.
Advancements in technology and its adoption in AIDC are gradually disrupting various functions across industries. The demand for AIDC devices is rapidly increasing and it is encouraging leading players in the healthcare automatic identification and data capture technology market towards enhancing the technology. Thus, it will rapidly expand the applications of AIDC technology in different sectors.
The US market dominated the North America Software Market by Country in 2020, thereby, achieving a market value of $5,267.4 million by 2027. The Canada market is experiencing a CAGR of 23.9% during (2021-2027). Additionally, The Mexico market would witness a CAGR of 22.8% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Healthcare Automatic Identification and Data Capture Market is Estimated to Reach USD 52.8 Billion by 2026 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.
By Component
By Technology
By Application
By Country
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