GVR Report cover Healthcare Automatic Identification And Data Capture Market Size, Share & Trends Report

Healthcare Automatic Identification And Data Capture Market Size, Share & Trends Analysis Report By Technology (Barcode, RFID, Biometric), By Component, By Application, By Region, And Segment Forecasts, 2021 - 2028

  • Published Date: Apr, 2021
  • Base Year for Estimate: 2020
  • Report ID: GVR-4-68039-350-4
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2019
  • Number of Pages: 180

Report Overview 

The global healthcare automatic identification and data capture market size was valued at USD 14.9 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 22.3% from 2021 to 2028. Growing healthcare expenditure, technological advancements by market players, and an increasing number of government policies in favor of automatic identification and data capture (AIDC) solutions are key drivers of the market.

U.S. healthcare AIDC market size, by technology, 2016 - 2028 (USD Billion)

The healthcare industry is uninterruptedly evolving to keep up with growing regulatory pressures while maintaining an environment where patients and staff feel safe. The COVID-19 impact is revealing the importance of automatic identification and data capture across the globe. These devices can relieve the high pressure on hospitals caused by the surge of patients. The growing number of patients and deaths due to COVID-19 will force to increase in healthcare expenditure, which is likely to have a positive impact on the growth of the market for healthcare automatic identification and data capture.

Furthermore, innovative products offered by key companies further drive growth. For instance, Unitech EA630HC rugged smartphone is user-friendly in a healthcare environment. As it is ethanol safe to withstand repeated cleaning and disinfecting. Rising usage of software and computers in recent years has significantly reduced errors, aided in decision making, and offered better care to patients.

RFID-enabled method of tracking supports in reducing medication errors and improving patient safety. Hence, permit surgeons to understand the background of patients and deliver a suitable treatment. Moreover, the use of barcodes across hospitals and healthcare centers for a variety of purposes further attracts lucrative demand over the coming years.

Many data collection devices now feature rugged design and disinfectant-proof casing and are precisely built for healthcare. For instance, Honeywell mobile devices are designed for a variety of point-of-care applications like specimen collection, wristband scanning, and correct dosage administration. Healthcare IT has incorporated systems to track equipment and keep real-time inventory. Therefore, the growing demand for these technologies among pharmaceutical companies, biopharmaceutical companies, medical device manufacturers, hospitals, and other life sciences companies to control inventory costs is likely to fuel the demand over the forecast period.

Technology Insights

The biometric segment dominated the market for healthcare automatic identification and data capture and accounted for the largest revenue share of 40.5% in 2020 owing to government initiatives to support the implementation of biometrics in healthcare facilities to restrict ongoing healthcare fraud & medical identity theft. Additionally, increasing healthcare IT adoption along with rising awareness levels pertinent to the benefits associated with biometrics and high demand for cybersecurity in healthcare practice are some of the key contributors to the segment growth.

The COVID-19 pandemic has made people careful with physical distancing measures, which facilitates the adoption of healthcare automatic identification and data capture solutions. Iris scanning is one of the types of biometrics used to uniquely identify patients in healthcare facilities is gaining traction nowadays. It further contributing towards the growth of the market for healthcare automatic identification and data capture.

The counterfeiting of medications and pharmacy-related products raises concern at a global level and RFID technologies are acting as an anti-counterfeiting technology.  RFID in healthcare is expanding significantly in the healthcare sector owing to its numerous applications. In hospitals, RFID is can be utilized in various forms from patient & medical staff tracking to the tracking of surgical tools and inventory.

Application Insights

The non-clinical segment dominated the market and accounted for the largest revenue share of 74.9% in 2020 owing to the higher adoption of RFID and barcode technology in applications such as medical staff & asset tracking, supply chain management. Manufacturers seeking supply chain management solutions for transportation and warehouse management to ensure accurate, faster, and more efficient functioning. Hence, drives the demand for non-clinical applications in coming years.

Barcoding is an extremely adaptive technology in the healthcare industry. It is used for various clinical applications such as dietary management, blood transfusion verification, gamete tracking in fertilization, medication administration, verification, laboratory specimen identification, etc. This is expected to fuel the market for automatic identification and data capture technologies in healthcare.

Moreover, the introduction of technologically advanced solutions and new product launch strategies are further contributing towards the growth of clinical applications of automatic identification and data capture in the coming years. For instance, in May 2019, SATO demonstrated PJM RFID-based blood management solutions at ISBT Basel 2019 congress. PJM RFID technology used in blood banking and transfusion medicines is recommended by the ISBT.  An introduction of these types of products is anticipated to boost the adoption over the forecast period.

Component Insights

The hardware segment dominated the market and held the largest revenue share of 44.0% as of 2020 due to the surging adoption of biometric technology. The rising requirement for hardware-based components in the automatic identification and data capture devices such as printers, scanners, readers, cards, and other such systems is expected to drive the growth. Growing competitiveness leading to the accessibility of cost-effective RFID solutions and increasing installation of RFID systems due to COVID-19 are further boosting the hardware segment growth.

Global healthcare AIDC market share, by component, 2020 (%)

Rising technological advancements specific to ease of use and patient’s willingness to adopt these technologies are driving the software segment. Additionally, the growing initiatives by the key market players are driving the growth of the segment. For instance, in December 2020, Honeywell acquired Sparta Systems, hence, expanded its life sciences and software capabilities. Due to this acquisition, Honeywell increases its product penetration in LiveScience and software segment.

Regional Insights

North America dominated the healthcare automatic identification and data capture market and accounted for the largest revenue share of 41.0% in 2020 owing to the high adoption of advanced technologies for facilitating better healthcare to patients, demand for better healthcare facilities, and healthcare expenditure. According to the CMS, the healthcare expenditure of the U.S. was 17.7% of its GDP in 2019. This shows the high adoption of healthcare automatic identification and data capture in this region.

On the other hand, Asia Pacific is likely to experience significant growth owing to the growing demand for healthcare automation to deal with the issue of scarcity of healthcare professionals, growing per capita income, increasing investments in the healthcare industry by key market players.

Key Companies & Market Share Insights

The market players are investing in strategies including product launches, acquisitions, expansions, and collaborations to gain a competitive advantage in the market for healthcare automatic identification and data capture. For instance, in May 2020, Datalogic S.p.A launched the Smart-VS, a device capable of identifying the exact presence/absence of components such as the caps, labels, and prints on filling lines, among others. The company expanded its product portfolio with respect to the market for healthcare automatic identification and data capture.

Moreover, in February 2019, Zebra Technologies acquired Temptime Corporation, a U.S.-based manufacturer of differentiated technology that notifies temperature deviation in the medical & biological products and shipments. This acquisition aligned well with Zebra Technologies’ strategy to expand into high-growth areas such as healthcare automatic identification and data capture. Furthermore, in March 2021, Code Corporation collaborated with Dryrain Technologies, ACS MediHealth, and MEDITECH for mobile medical barcode scanning. Thus, it allowed an expansion of geographic presence. Strategies like these are expected to fuel the market completion in the near foreseeable future. Some of the prominent players in the healthcare automatic identification and data capture (AIDC) 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

  • TSC Auto ID Technology Co., Ltd.

Healthcare Automatic Identification And Data Capture Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 15.1 billion

Revenue forecast in 2028

USD 62.0 billion

Growth Rate

CAGR of 22.3% from 2021 to 2028

Base year for estimation

2020

Historical data

2016 - 2019

Forecast period

2021 - 2028

Quantitative units

Revenue in USD million and CAGR from 2021 to 2028

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Technology, application, component, region

Regional scope

North America; Europe; Asia Pacific; Latin America; MiddleEast & Africa

Country scope

U.S.; Canada; Germany; U.K.; France; Italy; Spain; Japan; India; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia

Key companies profiled

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; TSC Auto ID Technology Co., Ltd.

Customization scope

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global healthcare automatic identification and data capture market report on the basis of technology, component, application, and region:

  • Technology Outlook (Revenue, USD Million, 2016 - 2028)

    • Barcode

    • RFID  

    • Biometric

    • Others

  • Component Outlook (Revenue, USD Million, 2016 - 2028)

    • Hardware     

    • Software

    • Services

  • Application Outlook (Revenue, USD Million, 2016 - 2028)

    • Clinical

    • Non-Clinical

  • Regional Outlook (Revenue, USD Million, 2016 - 2028)

    • North America

      • U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • Australia

      • South Korea

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

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