The global healthcare automatic identification and data capture (AIDC) market is anticipated to grow significantly at a CAGR of nearly 15.8% during the forecast period (2024-2031). The key companies operating in the industry are highly inclined towards the adoption of different growth strategies, including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launches, and product innovation to remain competitive in the marketplace. For instance,in March 2021, Cognex Corp. introduced the DataMan 8700 series of handheld barcode readers. The device offers high speed and accuracy with reading the most difficult barcodes. It features advanced image formation and quick processing, instant reading of direct part mark DPM, and label-based codes, even when vital elements of the code are missing or damaged.
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The key aspect that drives the adoption of healthcare AIDCtechnology isthat in hospitals and medical facilities around the world, instant identification and accountability of all patient-related information is now a universal mandate. Through labelling such as medical wristbands with barcodes containing patient data, this process has been streamlined, making it a key component in most hospital operations.
Further, in June 2017, Bluebird expanded its distribution agreement with ScanSource POS and Barcode to Europe. The expanded partnership strengthensthe Bluebirds network in Europe and enabled Scansource’s European resellers to have access to Bluebirds enterprise mobility, RFID, and mobile POS solutions.Moreover, in February 2019, Zebra Technologies acquired Temptime Corp., a US-based manufacturer of differentiated technology that notifies temperature deviation in the medical & biological products and shipments. This acquisition aligned well with Zebra Technologies’ strategy to expand into high-growth areas such as healthcare AIDC. In May 2020, Datalogic S.p.A launched the Smart-VS, a device that is capable of identifying the exact presence or absence of components such as the caps, labels, and prints on filling lines, among others. The company expanded its product portfolio for healthcare automatic identification and data capture.
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Market Coverage
- Segment Covered- by Technology, by Component, and by Application.
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape-Datalogic S.p. A, SICK AG, Cognex Corp., and Honeywell International Inc. among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment/region dominates the market in the base year?
- Which segment/region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID forecast
o Most affected region/segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Healthcare AIDC Market– Segmentation
By Technology
- Barcode
- RFID
- Biometric
By Component
- Software and Services
- Hardware
By Application
- Clinical
- Non-Clinical
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