How big is the healthcare automatic identification & data capture market?

The global healthcare AIDC market size was estimated at USD 14.91 billion in 2020 and is expected to reach USD 15.13 billion in 2021.

What is the healthcare automatic identification & data capture market growth?

The global healthcare AIDC market is expected to grow at a compound annual growth rate of 22.3% from 2021 to 2028 to reach USD 62.02 billion by 2028.

Which segment accounted for the largest healthcare automatic identification & data capture market share?

North America dominated the healthcare AIDC market with a share of 41.34% in 2020. The major factor contributing to the growth includes favorable policies that support the adoption of electronic health records (EHR) & the availability of infrastructure with high digital knowledge.

Who are the key players in the healthcare automatic identification & data capture market?

Some key players operating in the healthcare 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.

What are the factors driving the healthcare automatic identification & data capture market?

Key factors driving the healthcare AIDC market growth include growing healthcare expenditure, a number of government policies in favor of AIDC solutions, technological advancements by market players with respect to the tracking of healthcare products, and the need to reduce medication errors.

Which technology segment dominated the healthcare automatic identification & data capture market?

The biometric segment dominated the market for healthcare AIDC 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.

Which application segment accounted for the highest share in the healthcare automatic identification & data capture market?

The non-clinical segment dominated the healthcare AIDC 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, and supply chain management.

Which component segment held the largest share in the healthcare automatic identification & data capture market?

The hardware segment dominated the market for healthcare AIDC and held the largest revenue share of 44.0% in 2020, due to the surging adoption of biometric technology.