Healthcare Automatic Identification And Data Capture Market Size, Share & Trends Analysis Report By Technology (Barcode, RFID, Biometric), By Component (Hardware, Software, Services), By Application, By Region, And Segment Forecasts, 2020 To 2027

The global healthcare automatic identification and data capture market is expected to demonstrate healthy growth over the forecast period of 2020-2027 owing to the growing healthcare expenditure, technological advancements by market players with respect to tracking of healthcare products and need to reduce medication errors. For instance, in March 2017, Optel Vision introduced its Fast series, a line of preconfigured serialization products for helping pharmaceutical companies to meet their compliance standards. Furthermore, increasing number of government policies in favor of automatic identification and data capture (AIDC) solutions is also expected to contribute to the market growth.

Based upon the technology, the market is segmented into barcode, RFID, biometrics, and others. Increasing adoption of RFID technology for AIDC services in the healthcare industry is estimated to drive the market growth.

On the basis of component, the healthcare automatic identification and data capture (AIDC) market is divided into hardware, software, and services. The rising requirement for hardware-based components in the AIDC devices such as printers, scanners, readers, cards, and other such systems is expected to drive the market growth.

Based on the application, the market is bifurcated into clinical and non-clinical. Growing adoption of AIDC for non-clinical applications such as medical staff & asset tracking and supply chain management of healthcare products is anticipated to drive the market growth.

North America held the major share in the market owing to the increasing adoption of advanced technologies for facilitating better healthcare to patients, demand for better healthcare facilities, and healthcare expenditure. According to the World Health Organization, the healthcare expenditure of Canada in 2017 was 10.57% of its GDP and that of the U.S. was 17.06% of its GDP. On the other hand, Asia Pacific is likely to experience significant growth over the forecast period of 2020-2027 owing to growing demand for healthcare automation to deal with the issue of scarcity of healthcare professionals and expansion of key players in the Asia Pacific healthcare AIDC market.

The major market players in the healthcare automatic identification and data capture (AIDC) include Datalogic S.p.A., Honeywell International Inc., Sick AG, Cognex Corporation, Toshiba TEC Corporation, NXP Semiconductors, SATO Holdings Corporation, Bluebird Inc., JADAK - A Novanta Company, Unitech Electronics Co., LTD, Impinj, Inc., Denso Wave Incorporated, TSC Auto ID Technology Co., Ltd, and Avery Dennison Corporation, among others.

These market players are investing in product launches, acquisitions, expansions, and collaborations to gain a competitive edge in the healthcare AIDC market. 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 healthcare AIDC market.

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 the healthcare AIDC market. Furthermore, in November 2018, SATO Holdings Corporation launched its healthcare subsidiary in Switzerland, hence expanding geographic presence in Europe.