RFID In Healthcare Market Size, Share & Trends Report

RFID In Healthcare Market Size, Share & Trends Analysis Report By Product (Systems & Software, Tags), By Application (Blood Tracking, Patient Tracking, Pharmaceutical Tracking, Asset Tracking), By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: 978-1-68038-623-3
  • Number of Pages: 96
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Market Segmentation

  • RFID in Healthcare Product Outlook (Revenue, USD Million, 2018 - 2030)
    • Systems & software
    • Tags
  • RFID in Healthcare Application Outlook (Revenue, USD Million, 2018 - 2030)
    • Asset tracking
    • Patient tracking
    • Pharmaceutical tracking
    • Blood tracking
    • Others
  • RFID in Healthcare Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • North America RFID in Healthcare Market, By Product
        • Systems & software
        • Tags
      • North America RFID in Healthcare Market, By Application
        • Asset tracking
        • Patient tracking
        • Pharmaceutical tracking
        • Blood tracking
        • Others
      • U.S.
        • U.S. RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • U.S. RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Canada
        • Canada RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Canada RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
    • Europe
      • Europe RFID in Healthcare Market, By Product
        • Systems & software
        • Tags
      • Europe RFID in Healthcare Market, By Application
        • Asset tracking
        • Patient tracking
        • Pharmaceutical tracking
        • Blood tracking
        • Others
      • UK
        • UK RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • UK RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Germany
        • Germany RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Germany RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • France
        • France RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • France RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Italy
        • Italy RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Italy RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Spain
        • Spain RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Spain RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Sweden
        • Sweden RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Sweden RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Norway
        • Norway RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Norway RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Denmark
        • Denmark RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Denmark RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
    • Asia Pacific
      • Asia Pacific RFID in Healthcare Market, By Product
        • Systems & software
        • Tags
      • Asia Pacific RFID in Healthcare Market, By Application
        • Asset tracking
        • Patient tracking
        • Pharmaceutical tracking
        • Blood tracking
        • Others
      • Japan
        • Japan RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Japan RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • China
        • China RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • China RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • India
        • India RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • India RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Australia
        • Australia RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Australia RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • South Korea
        • South Korea RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • South Korea RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Thailand
        • Thailand RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Thailand RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
    • Latin America
      • Latin America RFID in Healthcare Market, By Product
        • Systems & software
        • Tags
      • Latin America RFID in Healthcare Market, By Application
        • Asset tracking
        • Patient tracking
        • Pharmaceutical tracking
        • Blood tracking
        • Others
      • Brazil
        • Brazil RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Brazil RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Mexico
        • Mexico RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Mexico RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Argentina
        • Argentina RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Argentina RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
    • Middle East & Africa (MEA)
      • MEA RFID in Healthcare Market, By Product
        • Systems & software
        • Tags
      • MEA RFID in Healthcare Market, By Application
        • Asset tracking
        • Patient tracking
        • Pharmaceutical tracking
        • Blood tracking
        • Others
      • South Africa
        • South Africa RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • South Africa RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Saudi Arabia
        • Saudi Arabia RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Saudi Arabia RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • UAE
        • UAE RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • UAE RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others
      • Kuwait
        • Kuwait RFID in Healthcare Market, By Product
          • Systems & software
          • Tags
        • Kuwait RFID in Healthcare Market, By Application
          • Asset tracking
          • Patient tracking
          • Pharmaceutical tracking
          • Blood tracking
          • Others

RFID In Healthcare Market Dynamics

Driver: Increasing Usage of Smartphones

As the healthcare industry experiences unceasing growth in the adoption of technology and the application of telemedicine, remote disease management, and Health Management Information Systems (HMIS), the scope for technology-driven solutions, especially IoT has increased. Technological improvements in smartphone technology for refining disease diagnosis are expected to impact the growth of RFID in the healthcare market positively. For instance, as per data published in 2017, researchers at the University of Illinois have developed a camera to improve the diagnostic features of smartphones. Moreover, smartphones offer benefits such as large storage capacity, ease of use, and portability, making them an optimal solution for monitoring and diagnostic services. Growing affordability and reduction in hardware costs are driving the demand for smartphones in the market, which in turn is expected to drive the growth of healthcare IoT solutions in the market.

Driver: Growing Demand for Remote Patient Monitoring for Improved Out-Of-Hospital Care

The upsurge in the occurrence of chronic diseases such as diabetes, cancer, and congestive heart failure is considerably contributing to the adoption of remote patient monitoring services, which in turn is anticipated to surge the demand for IoT solutions in healthcare. According to the International Diabetes Federation, in 2017, about 12.5 million cases of diabetes were reported in adults in Brazil. As per the American College of Cardiology, 6.5 million people in the U.S. suffered heart failure in 2018. Growing demand for home healthcare services, the rising cost of cutting-edge hospital equipment, and the growing geriatric & pediatric population are some of the factors upsurging the demand for remote patient monitoring and are thus anticipated to boost RFID in the healthcare market. Many companies and healthcare institutions are launching mHealth programs for remote patient monitoring, which is leading to an increase in the adoption of IoT solutions for remote patient monitoring services. For instance, in 2019, Wisconsin’s Marshfield Clinic Health System will use mHealth devices for remote monitoring of patients with congestive heart failure. In addition, Apple, Inc. in collaboration with Zimmer Biomet Holdings launched a study in the U.S. to evaluate the performance of the Apple Watch and a mHealth app in remote monitoring of patients undergoing knee and hip surgery

Restraint: Lack of Data Privacy

RFID in healthcare results in the participation of many end users, which may result in a variety of new potential risks about data privacy and security. With increasing incidences of privacy breaches and wrongful use of customer data the healthcare sector also has become a soft target for such forces. Mounting concern about data privacy and security is one of the key factors anticipated to hinder the growth of RFID in the healthcare market. In 2017, there was a 600% increase in security events on IoT devices, a 200% increase in supply chain-based attacks, and an 8,500% increase in the attacks on blockchain. For instance, one of many such attacks was the Petya attack in June 2017 in many European and U.S. healthcare institutes, which led to the shutdown of hospital computers and the diversion of ambulances, making it difficult to handle emergency cases with computer assistance. According to a report by the U.S. Department of Health and Human Services, three out of four organizations did not even hire a cybersecurity leader. In the U.S., around 75% of healthcare organizations are found to be spending just 6% or less on cybersecurity, which is less than half of cybersecurity investment made by other established industries. Owing to data security concerns connected to healthcare information, governments of various countries, healthcare organizations, and experts are uncertain about adopting digital solutions on a larger and national scale. Some of the key factors negatively affecting implementation are budget & staffing issues and lack of proper cybersecurity systems, firewalls, and expertise in the field.

What Does This Report Include?

This section will provide insights into the contents included in this RFID in healthcare market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

RFID in healthcare market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

RFID in healthcare market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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