Insights on the RFID in Healthcare Global Market to 2027 - Increased Stringency in Pharmaceutical Sectors Regarding Medicine Labelling is Driving Growth - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "RFID in Healthcare Market Research Report by Product Type (Asset Tracking Systems, Blood Monitoring Systems, and Patient Tracking Systems), End User, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global RFID in Healthcare Market size was estimated at USD 5,269.03 million in 2021, USD 6,189.79 million in 2022, and is projected to grow at a Compound Annual Growth Rate (CAGR) of 17.65% to reach USD 13,974.16 million by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the RFID in Healthcare Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global RFID in Healthcare Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global RFID in Healthcare Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global RFID in Healthcare Market?

4. What is the competitive strategic window for opportunities in the Global RFID in Healthcare Market?

5. What are the technology trends and regulatory frameworks in the Global RFID in Healthcare Market?

6. What is the market share of the leading vendors in the Global RFID in Healthcare Market?

7. What modes and strategic moves are considered suitable for entering the Global RFID in Healthcare Market?

Market Dynamics

Drivers

• Increased stringency in pharmaceutical sector regarding medicine labelling
• Increased applications and supporting RFID used cross the healthcare sector
• RFID tagging of medical devices enables staff to track essential devices used in surgeries with ease and help improve patient safety

Restraints

• Availability and development of alternate labelling methods
• Lack of standardization

Opportunities

• Research activities carried out by non-profit organizations to develop new technologies reinforces RFID in healthcare
• Growing concern about drug counterfeit and safety, government initiatives, increasing need for reducing operational cost in healthcare

Challenges

• Lack of awareness about RFID, installed base of barcode systems

Companies Mentioned

• Alien Technology
• Avery Dennison Corporation
• Cardinal Health, Inc
• CCL Industries Inc.
• Halma plc
• Hitachi, Ltd
• Honeywell International Inc.
• Impinj, Inc.
• LogiTag Systems
• metraTec GmbH
• Mobile Aspects, Inc.
• Palex Medical S.A.
• Pepperl+Fuchs SE
• Radianse, Inc.
• RF Technologies, Inc
• SATO Vicinity Pty Ltd
• Smartrac N.V.
• Spacecode SA
• STid
• Terso Solutions
• Terso Solutions, Inc.
• The 3M Company
• Zebra Technologies Corporation

For more information about this report visit https://www.researchandmarkets.com/r/20ii5b

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900