Kenneth Research, in its repository of market research reports, have recently added a report on Healthcare AIDC Industry Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.
Global Healthcare AIDC (Automatic Identification of Data Capture) Industry was valued at USD 1.50 Billion for the year 2017. Healthcare AIDC Industry is further expected to grow at a CAGR of 16.02% from 2018 to reach USD 4.91 Billion by the year 2025. By region, North America holds the highest Industry share in 2017 while Asia-Pacific region is considered as the fastest growing Industry in the forecasted period. The U.S. is the major Industry in 2017 at country level and China, South Korea & Japan is further anticipated to grow at a steady pace in the next 5 years due to growing acceptance of healthcare technologies.
Major market players in AIDC Industry are Industry Bluebird Inc., Code Corporation, Cognex Corporation, Honeywell International Inc., JADAK, Zebra Technologies Corporation, Toshiba Tec Corporation, and Impinj Inc. and other 10 more companies detailed information is provided in research report. Better global reach at the operational level is the main reason the key players are holding substantial Industry share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years. In 2017, Impinj Inc. a leading provider of RAIN RFID solutions collaborated with STANLEY Healthcare provider of visibility solutions and analytics for the healthcare industry. Partnership Extends the Range of Real-Time Asset Management and Patient Flow Options for STANLEY Healthcare Customers with Impinj Platform named Mobile View.
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SWOT analysis of Healthcare AIDC Industry:
Rising demand for errorless medication and medical facilities
Improving efficiency in health operations management
High Initial Investments
Low technological adoption rate by healthcare centers
Lack of coordination between governments
Growing technological advancements and digitalization industry
Rising government participation in healthcare sectors
Adverse effects on health and safety
Lack of reliability and safety
The segmentation is done on the basis of product types, RFID segment among barcode printers, barcode verifiers, and barcode scanners is expected to hold the highest Industry share during the forecast period because of the technological advancements and providing enhanced efficiency & safety of healthcare delivery.
Healthcare AIDC Industry Segmentation:
• Diagnostics center and laboratories
• Clinical and Hospitals
• Software & Services
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa
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