RFID In Healthcare Market Outlook To 2024: In-Depth Market View, Key Product Categories (Systems, Tags), Key Applications (Asset Tracking, Pharmaceutical Tracking, Patient Tracking, Blood Monitoring), Regional Segmentation, Top Players & Company Share, Competitive Dynamics, Growth Drivers & Restraints, M&A Insights, Segment Forecast And Key Conclusion

$3,650.00$6,650.00

Clear
  • Report Description
  • Table of Content
  • Highlight
  • Research Methodology
  • Request Free Sample

The global RFID in healthcare market was valued at USD 766.1 Million in 2016 and is estimated to reach USD 3,655.6 Million by 2024, growing at a CAGR of 25.1% over the period of 2017 to 2024.

 

North America accounted for 39.19% of the overall market share in 2015 which also depicts the largest regional market. This is majorly attributed to the early technology adoption in the region with a large number of hospitals, clinics, pharmacies, diagnostic centers, blood banks and CROs installing advanced devices and equipment to better serve patients. Consequent improvements in healthcare sector within Latin America and the Middle East is estimated to positively reinforce market growth.

 

Escalating geriatric population, increased investment in healthcare automation, demand for lesser human intervention, government support, and technological advancement are anticipated to bolster usage rates of RFID systems significantly over the next few years. Demand for better compliance and stringent regulatory norms are going to drive the market further. Asia Pacific emerged as the fastest growing regional market with a CAGR of 26.5% over the forecast period.

 

Global RFID in Healthcare Market 2024

Pricing Analysis

 

“Optimal Price Point (OPP) for RFID in Healthcare Products”

 

Estimated Average system and tags cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

Due to the presence of very large applications, the prices vary across different industries and regions. Prices across the different states of the U.S. also vary due to the difference in quality of product, state taxes, and other regulatory restrictions hampering the supply chain.

 

Product Insights

 

The global RFID in the healthcare market is segmented by product and by region. Based on product, the market is split as systems and tags. Each segment is further split based on applications such as asset tracking, pharmaceutical tracking, patient tracking and blood monitoring. The various technologies used earlier such as barcode are now being replaced with RFID, QR Codes, and Unique Identification Codes. The growing problem of counterfeit drugs, loss of products during transit across the various supply chain channels is driving the use of various RFID technologies.

 

Application Insights

 

The growing problem of counterfeit drugs, loss of products during transit across the various supply chain channels is driving the use of various RFID technologies. Some key advantages of using these solutions include tracking import and exports of raw materials, data integration across the supply chain, providing product history from manufacturer to end user, reduces inventory management expenses, minimizes human intervention in delivery of services and reduces product recall costs and time.

 

Regional Segmentation

 

The outlook by region includes North America, Europe, Asia Pacific, Latin America and Middle East and Africa. To arrive at the global estimates, the country level bottom-up analysis for the major spearheads in each region is performed.

 

Merger and Acquisition Insight

 

The industry is characterized by intense competition with a number of well-established players governing the market. However, with growing competition, companies are focusing on the development of new and innovative technologies in an attempt to prevail in this highly competitive environment. In addition, firms are also emphasizing on partnerships, collaborations, mergers and acquisitions as a key growth strategy.

 

Top Players & Company Share

 

As of 2016, key market players include Log Tag, Mobile Aspects Inc., Solstice Medical LLC, Wave Mark, Terson Solutions, Hurst Green Plastics Ltd., Tagsys RFID Group, Pepperl+Fuchs, Metra Tec GmbH, Bollhoff Group, Wurth Group, Innerspace (Stanley Black and Decker), Datelka Innerspace, Brooks Automation, Grifols and others. The smaller companies find it difficult to sustain the long-term competition, and therefore creating opportunities for mergers and acquisitions in the market.

 

 

Market Segmentation

 

RFID in Healthcare Market by Product Categories (Revenue, USD Million, 2014- 2024)

  • System
  • Tags

RFID in Healthcare Market by Application (Revenue, USD Million, 20124- 2024)

  • Asset Tracking
  • Patient Tracking
  • Pharmaceutical tracking
  • Blood Monitoring

RFID in Healthcare Market Regional Outlook (Revenue, USD Million, 20124- 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Latin America
    • Brazil
    • Mexico
    • Colombia
  • Asia pacific
    • Japan
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

Chapter 1 Methodology and Scope

  • Research Methodology
  • Research Scope & Assumptions
  • List of Data Sources

Chapter 2 Executive Summary

Chapter 3 RFID in Healthcare Market Overview

  • Global Healthcare Expenditure
  • Healthcare Track and Trace Solutions Overview

Chapter 4 RFID in Healthcare Industry Outlook

  • Market Overview
  • Market Segmentation
  • Market Size and Growth Prospects
  • Leading Brand Dynamics
  • Key Market Drivers
    • Growing demand for track and trace solutions in healthcare
    • Rising investment in healthcare automation
    • Increasing geriatric population
    • Government support for research and development
    • Technological advancements in RFID
  • Key Market Challenges
    • Potential danger of RFID on sensitive medical instruments and devices
    • Lack of full scale RFID adoption in emerging countries
  • Key Opportunities Prioritized
  • Industry Analysis - Porter’s
  • RFID in Healthcare Market-PESTEL Analysis

Chapter 5: - Product Categories Market Outlook

RFID in Healthcare Market Landscape by Product Type- 2016 & 2024
  • Systems Market Landscape Analysis, 2016-2024 (USD Mn)
    • Asset Tracking Systems Market Landscape Analysis, 2016-2024 (USD Mn)
    • Patient Tracking Systems Market Landscape Analysis, 2016-2024 (USD Mn)
    • Pharmaceutical tracking Systems Market Landscape Analysis, 2016-2024 (USD Mn)
    • Blood Monitoring Systems Market Landscape Analysis, 2016-2024 (USD Mn)
  • Tags Market Landscape Analysis, 2016-2024 (USD Mn)
    • Asset Tracking Tags Market Landscape Analysis, 2016-2024 (USD Mn)
    • Patient Tracking Tags Market Landscape Analysis, 2016-2024 (USD Mn)
    • Pharmaceutical tracking Tags Market Landscape Analysis, 2016-2024 (USD Mn)
    • Blood Monitoring Tags Market Landscape Analysis, 2016-2024 (USD Mn)

Chapter 6: Regional Market Outlook

RFID in Healthcare Market Landscape by Region- 2016
  • North America Market Landscape Analysis, 2016-2024 (USD Mn)
    • U.S. Market Landscape Analysis, 2016-2024
    • Canada Market Landscape Analysis-2016-2024
  • Europe Market Landscape Analysis, 2016-2024 (USD Mn)
    • UK Market Landscape Analysis, 2016-2024
    • Germany Market Landscape Analysis, 2016-2024
    • France Market Landscape Analysis, 2016-2024
    • Italy Market Landscape Analysis, 2016-2024
    • Spain Market Landscape Analysis, 2016-2024
  • Latin America Market Landscape Analysis, 2016-2024 (USD Mn)
    • Brazil Market Landscape Analysis, 2016-2024
    • Mexico Market Landscape Analysis, 2016-2024
    • Colombia Market Landscape Analysis, 2016-2024
  • Asia Pacific Market Landscape Analysis, 2016-2024 (USD Mn)
    • Japan Market Landscape Analysis, 2016-2024
    • China Market Landscape Analysis, 2016-2024
    • India Market Landscape Analysis, 2016-2024
  • Middle East & Africa Market Landscape Analysis, 2016-2024 (USD Mn)
    • Saudi Arabia Market Landscape Analysis, 2016-2024
    • South Africa Market Landscape Analysis, 2016-2024

Chapter 7: RFID in Healthcare Pipeline Analysis

  • Late Stage Pipeline analysis
  • Key R&D trends

Chapter 8: RFID in Healthcare Merger & Acquisition Outlook

  • Factors driving M&A in RFID in Healthcare Market
  • Key trends and future outlook

Chapter 9: Competitive Landscape

  • Log Tag
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Mobile Aspects Inc.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Solstice Medical LLC
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Wave Mark
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Terson Solutions
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Hurst Green Plastics Ltd.
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Tagsys RFID Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Pepperl+Fuchs
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Metra Tec GmbH
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Bollhoff Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Wurth Group
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Innerspace (Stanley Black and Decker)
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Datelka Innerspace
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Brooks Automation
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  • Grifols
    • Company Overview
    • Financial Performance
    • Key Decision Maker
    • Product Pipeline
    • Strategic Initiative
  List of Tables  
  • TABLE 1 RFID in Healthcare Market - Industry Snapshot & Key Buying Criteria, 2014 - 2024
  • TABLE 2 Global RFID in Healthcare Market, 2014 – 2024
  • TABLE 3 Global RFID in Healthcare Market Analysis by Product -2016
  • TABLE 7 Global RFID in Healthcare Market Analysis by Geography-2016
  • TABLE 8 Global RFID in Healthcare Market Analysis by Leading Brands-2016
  • TABLE 9 RFID in Healthcare Market - Key market driver analysis
  • TABLE 10 RFID in Healthcare Market - Key market restraint analysis
  • TABLE 11 North America Market RFID in Healthcare Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 12U.S. RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 13 Canada RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 14 Europe RFID in Healthcare Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 15 U.K RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 16 Germany RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 17 France RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 18 Italy RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 19 Spain RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 20 Latin America RFID in Healthcare Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 21 Brazil RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 22 Mexico RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 20 Colombia RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 21 Asia pacific RFID in Healthcare Market Landscape Analysis, 2016-2024 (USD Mn)
  • TABLE 22 Japan RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 23 China RFID in Healthcare Market Landscape Analysis, 2016-2024
  • TABLE 24 India RFID in Healthcare Market Landscape Analysis, 2016-2024
  List of Figures  
  • 1 RFID in Healthcare Market Segmentation
  • 2 Market Size & Growth Prospects
  • 3 Leading Brand Dynamics
  • 4 Penetration & Growth Prospects
  • 5 Industry Analysis – Porter’s
  • 6 RFID in Healthcare Market – PESTEL Analysis
  • 7 RFID in Healthcare Market Share by Product Type, 2016 & 2024
 

Key Insights Addressed:  

  • Defining market size from 2014 to 2016.
  • Estimating market growth till 2024 and consequence market forecast.
  • Identifying market drivers, restraints & future opportunities and allowing decision-maker with a range of possible outcomes and the probabilities that will occur for any choice of action.
  • Market segments and regions that will drive or lead market growth.
  • Defining Optimal Price Point (OPP) which will be accepted and recommended by maximum customers.
  • A bird’s-eye view of the competitive landscape and the key market players.
  • Key strategic growth driver adopted by market players. In-depth analysis of their strategies and implication on competition & growth.
    Key Findings:  
  • The global RFID in healthcare market was valued at USD 766.1 Million in 2016 and is estimated to reach USD 3,655.6 Million by 2024, growing at a CAGR of 25.1% over the period of 2017 to 2024.
  • North America accounted for 39.19% of the overall market share in 2015 which also depicts the largest regional market.
  • Escalating geriatric population, increased investment in healthcare automation, demand for lesser human intervention, government support and technological advancement are anticipated to bolster usage rates of RFID systems significantly over the next few years.
  • key market players include Log Tag, Mobile Aspects Inc., Solstice Medical LLC, Wave Mark, Terson Solutions, Hurst Green Plastics Ltd., Tagsys RFID Group, Pepperl+Fuchs, Metra Tec GmbH, Bollhoff Group, Wurth Group, Innerspace (Stanley Black and Decker), Datelka Innerspace, Brooks Automation, Grifols and others.

Ameri Research implies a unique methodology of published information and primary research to bring key insights to customer decision making process. Our analytics model helps us to understand the structured and unstructured information from various sources. Key steps involves in the process are as below-

  1. Analyzing Published Information- Access to large pool of paid and unpaid published information via different sources and analyzing market trend.
  2. Setting Foundation- Input from analysis of secondary sources set our foundation to market analysis and helps in setting the scope for further research. Setting the scope involves Ameri Research proprietary statistical model, discussion with industry leaders, internal brainstorming, key discussion pointers from various forums etc.
  3. Need Gap Analysis- Defining the gap between our scope and availability of information.
  4. KOL Panel Discussion- Focused Group Discussion with a structured discussion guide to fine tune the gap and deriving the factors driving/restraining the market trend.
  5. Quantitative Research- Sampling large number of industry players, Education/Research Institutes, Government bodies, NGOs, Individual acclaimed researchers and conducting the primary interview with a structured questionnaire.
  6. Data Triangulation- We apply bottom-up demand approach or top-down estimation or a combined approach to triangulate the data points.
  7. Analyst Comment- Each of our analysts carries large pool of experience from domain perspective and add their value which is directional in nature
global-aesthetic-dermatology-market

To request a free sample copy of this report, please complete the form below verified and secure

We offer complete free customization that addresses client’s need. This includes insights from primary market research and a 60-minute free analyst consultation post report purchase.

This website is secure and your personal details are safe. Privacy policy

Description

The global RFID in healthcare market was valued at USD 766.1 Million in 2016 and is estimated to reach USD 3,655.6 Million by 2024, growing at a CAGR of 25.1% over the period of 2017 to 2024.

 

North America accounted for 39.19% of the overall market share in 2015 which also depicts the largest regional market. This is majorly attributed to the early technology adoption in the region with a large number of hospitals, clinics, pharmacies, diagnostic centers, blood banks and CROs installing advanced devices and equipment to better serve patients. Consequent improvements in healthcare sector within Latin America and the Middle East is estimated to positively reinforce market growth.

 

Escalating geriatric population, increased investment in healthcare automation, demand for lesser human intervention, government support, and technological advancement are anticipated to bolster usage rates of RFID systems significantly over the next few years. Demand for better compliance and stringent regulatory norms are going to drive the market further. Asia Pacific emerged as the fastest growing regional market with a CAGR of 26.5% over the forecast period.

 

Global RFID in Healthcare Market 2024

Pricing Analysis

 

“Optimal Price Point (OPP) for RFID in Healthcare Products”

 

Estimated Average system and tags cost – $ xx globally. However, with improving access and availability of options, OPP and range of acceptable Prices (RAP) are going to change. We at Ameri Research continuously track these prices with our proprietary pricing model.

Due to the presence of very large applications, the prices vary across different industries and regions. Prices across the different states of the U.S. also vary due to the difference in quality of product, state taxes, and other regulatory restrictions hampering the supply chain.

 

Product Insights

 

The global RFID in the healthcare market is segmented by product and by region. Based on product, the market is split as systems and tags. Each segment is further split based on applications such as asset tracking, pharmaceutical tracking, patient tracking and blood monitoring. The various technologies used earlier such as barcode are now being replaced with RFID, QR Codes, and Unique Identification Codes. The growing problem of counterfeit drugs, loss of products during transit across the various supply chain channels is driving the use of various RFID technologies.

 

Application Insights

 

The growing problem of counterfeit drugs, loss of products during transit across the various supply chain channels is driving the use of various RFID technologies. Some key advantages of using these solutions include tracking import and exports of raw materials, data integration across the supply chain, providing product history from manufacturer to end user, reduces inventory management expenses, minimizes human intervention in delivery of services and reduces product recall costs and time.

 

Regional Segmentation

 

The outlook by region includes North America, Europe, Asia Pacific, Latin America and Middle East and Africa. To arrive at the global estimates, the country level bottom-up analysis for the major spearheads in each region is performed.

 

Merger and Acquisition Insight

 

The industry is characterized by intense competition with a number of well-established players governing the market. However, with growing competition, companies are focusing on the development of new and innovative technologies in an attempt to prevail in this highly competitive environment. In addition, firms are also emphasizing on partnerships, collaborations, mergers and acquisitions as a key growth strategy.

 

Top Players & Company Share

 

As of 2016, key market players include Log Tag, Mobile Aspects Inc., Solstice Medical LLC, Wave Mark, Terson Solutions, Hurst Green Plastics Ltd., Tagsys RFID Group, Pepperl+Fuchs, Metra Tec GmbH, Bollhoff Group, Wurth Group, Innerspace (Stanley Black and Decker), Datelka Innerspace, Brooks Automation, Grifols and others. The smaller companies find it difficult to sustain the long-term competition, and therefore creating opportunities for mergers and acquisitions in the market.

 

 

Market Segmentation

 

RFID in Healthcare Market by Product Categories (Revenue, USD Million, 2014- 2024)

  • System
  • Tags

RFID in Healthcare Market by Application (Revenue, USD Million, 20124- 2024)

  • Asset Tracking
  • Patient Tracking
  • Pharmaceutical tracking
  • Blood Monitoring

RFID in Healthcare Market Regional Outlook (Revenue, USD Million, 20124- 2024)

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
  • Latin America
    • Brazil
    • Mexico
    • Colombia
  • Asia pacific
    • Japan
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa

Additional information

Price

Single User $3,650, Multiple User $4,650, Enterprise User $6,650