(PharmaNewsWire.Com, March 13, 2021 ) The global healthcare automatic identification & data capture (AIDC) market will grow at a CAGR of 15.4% during the forecast period to reach USD 3,122.7 million by 2022, according to this latest publication from Meticulous Research®. AIDC market is driven by the growing need to reduce medical errors & related healthcare expenditure. In addition, growing focus on patient safety, technological revolution, and rising government legislations on the use of barcode & RFID technologies are further expected to boost the growth of the global healthcare automatic identification & data capture (AIDC) market.
The healthcare automatic identification & data capture (AIDC) market is segmented by product type (barcode printers, barcode scanners, barcode verifiers, and RFID), application (clinical application, non-clinical application), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). Based on product type the market is segmented into barcode printers, barcode scanners, barcode verifiers, and RFID. Barcode printers market is further sub-segmented into dot matrix printers, laser printers, inkjet printers, and thermal printers (thermal transfer printer, thermal direct printer, and dual thermal printers). The barcode scanners segment is further classified into wand barcode scanners, charge-coupled device scanner, laser scanner, and image scanner).
Based on the application, the clinical application market is sub-segmented into medication verification administration, blood transfusion verification, laboratory specimen identification, respiratory therapy treatment at the bedside, dietary management, and gamete tracking in fertilisation process. The non-clinical application segment is also further classified into supply chain management in hospitals, receiving, put-away and verification, picking and internal transfer, replenishment ordering, and cycle counts.
North America holds the major share in the global healthcare automatic identification & data capture (AIDC) market followed by Europe and Asia-Pacific region. However, Asia-Pacific region is projected to show lucrative growth potential for the automatic identification & data capture market during the analysis period. The growth in the Asia-Pacific region is attributed to the rising investment in improving healthcare infrastructure, growing healthcare expenditure, rising demand for better healthcare services from large pool of patient population, and increasing demand for automation in the healthcare operations to overcome the challenge of scarcity of healthcare professionals in the region.
Market by Product type: Barcode Printers Market by technology Dot matrix Printer Laser Printer Ink jet printer Thermal Printer Thermal Transfer Printer Thermal Direct Printer Dual Thermal Printer
Market by product type Hardware Suppliers Software & Services Barcode Verifiers Barcode Scanners Wand Barcode Scanner Charged-coupled Scanner Laser Scanner Image Scanner RFID Devices RFID systems RFID Tags
Market by application: Clinical Application Medication Administrative Verification Blood Transfusion Verification Laboratory Specimen Identification Respiratory Therapy Treatment Dietary Management Gamete trackingin fertilisation Non-Clinical Application Supply chain Management Receiving Put-away and verification Picking and internal transfer Replenishment Ordering Cycle Counts
Market by Geography: North America U.S. Canada Europe Germany France UK Italy Spain Rest of Europe Asia-Pacific Japan China India Rest of Asia-Pacific Latin America Middle East & Africa
The leading companies have employed various strategies to expand their product & application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global healthcare automatic identification & data capture (AIDC) market were new product launches & product enhancement, mergers &acquisition, and expansions. New product launches & product enhancements was the most preferred growth strategy adopted by the key players, during the period of 2014-2017, enabling companies to expand their product offerings and ensure a competitive edge in the global healthcare AIDC market.
The key players in the global healthcare AIDC market are Zebra Technologies Corporation, Honeywell International Inc., Datalogic S.p.A., Bluebird Inc., Godex International, Code Corporation, Toshiba Tech Corporation, SATO Worldwide, JADAK Tech, Axicon Auto ID Ltd., Microscan System, Inc., Unitech Electronics Co. Ltd., Opticon Sensors Europe B.V., and IMPINJ Inc.
Key questions answered in the report-
Which are the high growth market segments in terms of product, application, and regions/countries? What is the historical market for healthcare automatic identification & data capture across the globe? What are the market forecasts and estimates from the period 2015-2022? What are the major drivers, restrains, and trends in the global healthcare automatic identification & data capture market? Who are the major players in the global healthcare AIDC market and what share of the market do they hold? Who are the major players in various countries and what share of the market do they hold? What are the competitive landscapes and who are the market leaders by sub-region in the global healthcare AIDC market? 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 regions/ countries? Who are the local emerging players in the global healthcare AIDC market and how do they compete with the global players?
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