The Business Research Company’s report on the Healthcare RFID Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the healthcare rfid market’s growth in recent years?
The increasing stringent regulations in the pharmaceutical sector are significantly driving the growth of the healthcare RFID market. Governments and other regulatory bodies across various countries have started implementing stringent measures in the pharmaceutical sector to minimize counterfeiting problems and other medical-related issues. For example, In June 2023, the government of Germany announced the Health Data Use Act (GDNG) and a draft Digital Act (DigiG). The Health Data Use Act plans to grant industry companies access to the right to patient health data for research purposes. This will help healthcare RFID market by allowing companies to use RFID tags to track patient health data and secure the data from hackers. The data collected from RFID tags can be used for research purposes.
Access Your Free Sample of the Global Healthcare RFID Market Report – Get Insights Now!
https://www.thebusinessresearchcompany.com/sample.aspx?id=5987&type=smp
How does the future projection of the healthcare rfid market size compare to its historical growth?
The healthcare RFID market size has grown rapidly in recent years. It will grow from $3.38 billion in 2024 to $3.92 billion in 2025 at a compound annual growth rate (CAGR) of 15.9%. The growth in the historic period can be attributed to reduction of medication errors, enhanced patient experience, streamlined supply chain processes, inventory management optimization, enhanced workflow automation.
The healthcare RFID market size is expected to see exponential growth in the next few years. It will grow to $8.22 billion in 2029 at a compound annual growth rate (CAGR) of 20.3%. The growth in the forecast period can be attributed to integration with electronic health records, expansion of RFID in laboratory settings, telehealth and remote patient monitoring, customization of RFID solutions. Major trends in the forecast period include integration with emerging technologies, expansion of RFID in patient tracking, wearable RFID technology, real-time location systems, cloud-based RFID solutions.
Gain Exclusive Market Insights—Customize Your Research Report Today For Fast Delivery!
https://www.thebusinessresearchcompany.com/customise?id=5987&type=smp
Which key players are shaping the future of the healthcare rfid market?
Major companies operating in the healthcare rfid market include Impinj Inc., Alien Technology Corporation, GAO RFID Inc., Honeywell International Inc., STANLEY Healthcare Pvt. Ltd., Mobile Aspects India Private Limited, RF Technologies Inc., STiD SAS, Terso Solutions Inc., CenTrak Inc., Cardinal Health Inc., LogiTag Systems Ltd., Biolog-id SAS, metraTec GmbH, Zebra Technologies Corporation, Smartrac N. V., S3Edge Inc., Champion Healthcare Technologies, SpaceCode Pty. Ltd., Pepperl-Fuchs Pvt. Ltd., PALEX MEDICAL S. A., Applied Wireless Identifications Group Inc., CAEN RFID S. r. l., Invengo Information Technology Ltd. Co., Motorola Solutions Inc., Avery Dennison Corporation, Bartronics India Ltd.
What trends will propel the growth and evolution of the healthcare rfid market?
Technological advancement is a key trend gaining popularity in the healthcare RFID market. Major companies operating in the healthcare RFID sector are focused on developing new technological solutions to strengthen their position. For instance, in May 2022, Avery Dennison, a US-based materials science and manufacturing company, introduced AD Medio Web DF EM4425, a dual frequency RFID inlays for medical applications such as inventory management and product authentication. AD Medio Web DF EM4425 tags have a compact form factor that can be easily converted into end-application usage and are available in paper tag delivery format.
Which regions are expected to become dominant players in the healthcare rfid market?
North America was the largest region in the healthcare RFID market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare RFID market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Order Your Report Now For Swift Delivery
https://www.thebusinessresearchcompany.com/report/healthcare-rfid-global-market-report
What are the emerging key segments in the healthcare rfid market, and how are they evolving?
The healthcare rfid market covered in this report is segmented –
1) By Product: Tags And Labels, RFID Systems
2) By End-User: Hospitals, Pharmaceuticals, Research Institutions And Laboratories, Other End Users
3) By Application: Asset Tracking, Patient Tracking, Pharmaceutical Tracking, Blood Tracking, Other Applications
Subsegments:
1) By Tags And Labels: Active RFID Tags, Passive RFID tags, Semi-Passive RFID Tags, RFID labels
2) By RFID Systems: RFID Readers, RFID Middleware, RFID Software Solutions
Purchase The Exclusive Report Now To Unlock Valuable Market Insights:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=5987
How is the healthcare rfid market defined?
The healthcare RFID is a form of wireless communication to transfer data from an electronic tag attached to an object to a reader. RFID helps reduce drug counterfeiting, streamline the clinical trial process, facilitate better identification accuracy, simplify inventory management, consolidate patient tracking, improve caregiver-patient communication, and eliminate the risk of giving the wrong medication.
About The Business Research Company:
With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.
Our flagship product, the Global Market Model, is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.
Contact Us:
The Business Research Company
https://thebusinessresearchcompany.com/
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
