The global RFID in healthcare market is anticipated to grow at a CAGR of 15.2% during the forecast period (2023-2030). Inventory management in pharmacies, hospitals, and biotechnology firms, as well as improved patient security by healthcare providers, are some of the significant factors propelling the growth of the RFID in healthcare market. According to National Institute of Health (NIH), the National Academy of Medicine (NAM), estimated that yearly between 44,000 and 98,000 mortalities are encountered sue to medical errors occurring in hospitals.
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RFID technology is becoming more prevalent across a variety of industries, with the healthcare sector being a growing area. RAIN RFID-based solutions in hospitals and healthcare help organizations to focus on caring for patients. RAIN RFID products help healthcare providers operate with confidence, knowing that systems are in place to automate inventory management, track uniforms and bed linens, streamline patient care and help keep caregivers safe. Similarly, DoseID enables the healthcare industry to further standardize RAIN RFID use and empowers us to continue inventing.
For instance, in February 2022, Impinj, Inc. a RAIN RFID provider and Internet of Things pioneer, announced the company has joined the DoseID Alliance to expand its focus on RAIN radio-frequency identification (RAIN RFID) applications in healthcare, and to participate in developing standards for RAIN RFID healthcare use. Inventory management is a high priority for hospitals, especially in the current environment. This combination of smart technology with the comprehensive range of anesthesia and analgesia portfolio is designed. In August 2020, Fresenius, launched tags for a range of essential medications used in hospitals. The new tags, having feature embedded radio-frequency identification (RFID) technology. That contains the relevant data that hospitals rely on every day to immediately identify, locate and manage their inventory. Hospitals using RFID tools to measure temperatures and monitor hand hygiene for infection control. For instance, in April 2020, Sandoz Inc. launched its first three injectable medicines with Radio Frequency Identification (RFID) tags in US hospitals through its collaboration with Kit Check, Inc., automated medication management solutions for hospitals.
Market Coverage
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
- Segment Covered-
o By Product
o By Application
o By End-Users
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- includes Alien Technology, LLC, Avery Dennison Corp., GAO RFID Inc., Impinj, Inc. Zebra Technologies Corp. and others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global RFID in Healthcare Market Report Segment
By Product
- Systems and Software
- Tags
By Application
- Blood Tracking
- Patient Tracking
- Pharmaceutical Tracking
- Asset Tracking
By End-Users
- Hospitals and Clinics
- Pharmaceutical
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Global RFID in Healthcare Market Report Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- American RFID Solutions
- CenTrak, Inc.
- Honeywell International Inc.
- Invego
- Litum Technologies
- LogiTag Systems
- Mobile Aspects
- Motorola Solutions, Inc.
- Radianse
- RF Technologies
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
- More than 120 countries are for analysis.
- Over 100+ paid data sources mined for investigation.
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