The global healthcare automatic identification & data capture (AIDC) market size reached USD 2,377.1 Million in 2020 and is expected to reach USD 7,519.6 Million in 2028 and register a CAGR of 15.60% over the forecast period, according to latest analysis by Reports and Data. Growing healthcare expenditure globally, increasing need for scheduling patient workflow efficiently, and rapid advancements in AIDC technology in healthcare are some of the major factors expected to drive global market revenue growth during the forecast period. Additionally, AIDC technology enables real time monitoring on various devices and assets, and these advantages are resulting in steadily increasing preference in healthcare, which is contributing significantly to market revenue growth.
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Market Dynamics:
The pharma and healthcare sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Healthcare Automatic Identification & Data Capture (AIDC) market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market include Datalogic S.p.A; SICK AG; Honeywell International Inc.; Cognex Corporation; Toshiba TEC Corporation; Bluebird Inc; NXP Semiconductors; SATO Holdings Corporation; The Code Corporation; Jadak – A Novanta Company; Unitech Electronics Co., LTD.; Impinj, Inc.; Denso Wave Europe; Avery Dennison Corporation; and TSC Auto ID Technology Co., Ltd.
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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Healthcare Automatic Identification & Data Capture (AIDC) Market Segmentation:
Technology Outlook (Revenue, USD Billion, 2018 – 2028)
- Barcode
- RFID
- Biometric
- Others
Component Outlook (Revenue, USD Billion, 2018 – 2028)
- Hardware
- Software
- Services
Application Outlook (Revenue, USD Billion, 2018 – 2028)
- Clinical
- Non-Clinical
Geographic Segment Covered in the Report:
The Healthcare Automatic Identification & Data Capture (AIDC) report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)
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Key market aspects are illuminated in the report:
- Executive Summary: It covers a summary of the most vital studies, the Global Healthcare Automatic Identification & Data Capture (AIDC) market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
- Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Healthcare Automatic Identification & Data Capture (AIDC) market, the years measured, and the study points.
- Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
- Manufacture by Region: This Global Healthcare Automatic Identification & Data Capture (AIDC) report offers data on imports and exports, sales, production and key companies in all studied regional markets.
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