Healthcare Automatic Identification and Data Capture (AIDC) Market by Product (Scanner, Biometric, Printer), Technology (RFID, Barcode, Biometrics, Smart Cards, OCR), Application (Patient, Asset, Inventory, Facility, Medication, Specimen Management), and

Healthcare AIDC Market by Product (Scanner, Biometric, Printer), Technology (RFID, Barcode, Biometrics, Smart Cards, OCR), Application (Patient, Asset, Inventory, Facility, Medication, Specimen Management), and Region – Global Forecast to 2028

The research report titled “Healthcare AIDC Market by Product (Scanner, Biometric, Printer), Technology (RFID, Barcode, Biometrics, Smart Cards, OCR), Application (Patient, Asset, Inventory, Facility, Medication, Specimen Management), and Region – Global Forecast to 2028” provides in-depth analysis of healthcare AIDC market in five major geographies and emphasizes on the current market trends, market size, market share, recent developments, and forecast till 2028.

The global healthcare AIDC market is expected to reach $25.91 billion by 2028, growing at a CAGR of 22.5% during the forecast period of 2021 to 2028. In terms of volume, the global healthcare AIDC market is expected to reach 269,949,445.5 units by 2028, growing at a CAGR of 24.8%.

The market is primarily driven by factors, such as technological advancements along with widening applications of AIDC technologies in healthcare applications such as asset management, patient management, and inventory management. Additionally, the growing acceptance of advanced technologies, such as RFID, barcode, and biometrics and increasing adoption in the healthcare supply chain, hospitals, and patient management, also encourage the demand for AIDC devices. However, although the adoption of AIDC-enabled devices is on the rise, there is still a certain level of reluctance towards adopting new technologies. This, coupled with the high cost of some AIDC devices, may restrain the growth of the automatic identification and data capture market in the healthcare industry.

Based on technology, the healthcare AIDC market is broadly classified into barcodes, RFID, biometrics, smart cards, magnetic strips, and OCR. In 2021, the RFID segment is estimated to account for the largest share of the overall healthcare AIDC market. The large share of the segment is attributed to the growing significance of access control, increase in demand for AIDC systems to reduce personalized data entry errors, consistently growing identity frauds, and increasing demand for contactless data access post-COVID-19. However, the biometrics segment is expected to register the fastest CAGR during the forecast period due to growing demands for biometric devices in the industry.

Based on product, the healthcare AIDC market is broadly classified into scanners & readers, biometric scanners, printers & recorders, mobile computers, consumables, and software. In 2021, the scanners & readers segment is estimated to command the largest share in the global healthcare AIDC market. The large share of the segment is attributed to the increase in demand for AIDC systems for tracking patients, managing supply chain, inventory, and asset management, and reducing personalized data entry errors.

Additionally, scanners & readers are also projected to grow with the fastest growth rate over the forecast period due to the increasing demand for safe specimen management during the COVID-19 pandemic. In terms of volume, the consumables segment is estimated to account for the largest share in 2021. The consumables segment is also expected to grow with the highest growth rate over the forecast period.

Based on application, the healthcare AIDC market is broadly classified into patient & prescription management, asset management, inventory management, facility management, medication management, specimen management. In 2021, the patient & prescription management segment is estimated to command the largest share of the global healthcare AIDC market due to advancements in AIDC technologies and the growing adoption of AIDC technologies for increased patient safety during COVID-19. However, the medication management segment is projected to register the fastest CAGR during the forecast period due to the effective provision of a prescription, increased applications of AIDC for initial evaluation of the patient’s need for psychotropic medications, and ongoing medical monitoring related to the patient’s use of the psychotropic medication by a qualified physician/prescriber.

Geographically, North America is expected to command the largest share of the global healthcare AIDC market in 2021. The North American region is one of the most advanced regions in terms of technology adoption and development. The large share of North America is primarily attributed to the large investments for modernization and up-gradation of cloud-based software solutions and increased usage of innovative connected devices. Moreover, the Asia-Pacific region is expected to grow at the highest CAGR during the forecast period due to economic growth of the region, growing per capita income, rising per capita consumption with a large population base, high economic growth rate, and increasing government investments for enhancing safety & security in the healthcare sector in the region.

The key players operating in the global healthcare AIDC market are Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Avery Dennison Corporation (U.S.), Newland EMEA (Netherlands), Datalogic S.P.A. (Italy), NEC Corporation (Japan), Alien Technologies Corporation (U.S.), Seagull Scientific, Inc. (U.S.), and SATO Worldwide (Japan).

Key questions answered in the report-

Which are the high growth market segments in terms of product type, application, technology, and countries?
What is the historical market for healthcare AIDC across the globe?
What are the market forecasts and estimates from the period of 2021–2028?
What are the major drivers, restraints, and opportunities in the global healthcare AIDC market?
Who are the major players in the global healthcare AIDC market, and what share do they hold?
What are the recent developments in the global healthcare AIDC market?
What are the different strategies adopted by the major players in the global healthcare AIDC market?
What are the geographical trends and high growth countries?
How is the competitive landscape?
Who are the local emerging players in the global healthcare AIDC market and how do they compete with the other players?

Scope of the Report

Market by Product

Scanners & Readers
Barcode Scanners
Pen Type Readers
Laser Barcode Scanners
CCD Barcode Scanners
Camera-based Scanners
RFID Scanners
Smart Card Readers
Contact Smart Cards
Contactless Smart Cards
Magnetic Strip Readers
Optical Character Recognition (OCR)
Biometric Scanners
Face Recognition
Voice Recognition
Fingerprint Recognition
IRIS Recognition
Printers & Recorders
Barcode Printers
Dot Matrix Printers
Ink Jet Printers
Laser Printers
Thermal Printers
RFID Printers
Label Printers
Smart Card Printers
Magnetic Stripe Printers
Mobile Computers
Consumables
Barcode Labels
RFID Tags & Stickers
Thermal Transfer Ribbons/Foils
Software

Healthcare AIDC Market, by Technology

RFID
Barcode
Biometrics
Smart Cards
OCR
Magnetic Stripes

Healthcare AIDC Market, by Application

Patient & Prescription Management
Asset Management
Inventory Management
Facility Management
Medication Management
Specimen Management

Healthcare AIDC Market, by Region

North America
U.S.
Canada
Europe
Germany
U.K.
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Indonesia
Singapore
Vietnam
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa