The global healthcare auto identification and data capture market size is expected to reach $ 52. 8 billion by 2027, increasing to a market growth of 22.1% CAGR during the forecast period. Automatic Identification and Data Capture (AIDC) is considered to be a technique capable of identifying objects, collecting data about them and feeding the data directly into computer systems.
New York, Aug 31, 2021 (GLOBE NEWSWIRE) – Reportlinker.com Announces the Release of the “Global Healthcare Auto Identification and Data Capture Market by Component, by Technology, by Application, by Regional Outlook , Industry Analysis Report and Forecast, 2021 – 2027 “- https://www.reportlinker.com/p06131532/?utm_source=GNW
No human intervention is required in this technique. Technologies such as QR codes, bar codes, biometrics such as iris and facial recognition system, magnetic stripes, radio frequency identification (RFID), smart cards, optical character recognition (OCR) and speech recognition are the domain of AIDC.
The adoption of Automatic Identification and Data Capture (AIDC) technology in healthcare will promote error-free data collection and improve patient safety. The growing need to reduce medication errors and other related healthcare expenses is expected to drive the demand for CDIA in healthcare facilities which in turn drives the growth of this market. In addition to this, increasing attention is being paid to patient safety, the technological revolution, and government regulations favorable to the use of barcode and RFID technology. All of these factors are expected to act as a driving factor for the growth of the global Automatic Identification and Data Capture (AIDC) market.
Impact of COVID-19
The outbreak of the COVID-19 pandemic is positively impacting the sales of healthcare AIDCs around the world. It has created both opportunities and challenges for actors present in the health ecosystem. The demand for AIDC healthcare is expected to increase as healthcare is still active around the world. An individual must have their own face and fingerprint to be recognized in order to access the database of any system. Access to the database may fail if the individual does not have any clear identification criteria. These additional security features of biometrics provide opportunities for the growth of the healthcare automatic identification and data capture market. The number of hospital patients and deaths from COVID-19 has increased. This has forced countries to increase health spending and infrastructure. It is expected to drive the growth of the AIDC healthcare products and services market.
On the basis of components, the market is segmented into hardware, software, and services. The hardware segment dominated the market in 2020 and held the largest revenue share in the market. This is accredited to factors such as the increasing adoption of biometric technology. The need for hardware components such as scanners, readers, printers, cards and other similar systems has increased in automatic healthcare identification and data capture. It is expected to drive the growth of the market. Growing competitiveness has led to cost effective accessibility of RFID solutions. In addition to this, due to COVID-19, the increasing installation of RFID systems is also an important factor leading to the growth of the hardware segment.
Based on technology, the market is segmented into biometric, RFID, barcode and others. Bar coding is a very adaptive technology, especially in the healthcare industry. It finds application in diet management, monitoring of gametes in fertilization, checking blood transfusions, administering drugs, identifying laboratory samples, checking, etc. This is likely to stimulate the demand for automatic identification and data capture technologies in the healthcare sector.
On the basis of application, the market is segmented into non-clinical and clinical. The non-clinical segment dominated the market the previous year. It accounted for the largest share of revenue in 2020. The growth of this segment is driven by factors such as the increasing adoption of RFID technology and barcodes for medical personnel tracking and asset and service management. the supply chain. Healthcare equipment manufacturers are looking for supply chain management solutions to ensure accurate, fast and efficient transportation and warehouse management. Thus, it is expected to drive the demand for non-clinical applications during the forecast period.
On the basis of regions, the market is segmented into North America, Europe, Asia-Pacific and Latin America, Middle East and Africa. Asia-Pacific is expected to experience tremendous growth due to the increasing demand for healthcare automation to address the shortage of healthcare professionals. Per capita income has increased, resulting in increased investment in the health sector by market players.
The market research report covers the analysis of the major players in the market. Major companies featured in the report include Datalogic SpA (Hydra SpA), Sick AG, Honeywell International, Inc., Cognex Corporation, Toshiba Corporation, NXP Semiconductors NV, Impinj, Inc., Denso Corporation, Avery Dennison Corporation and Bluebird, Inc.
Scope of the study
Market segments covered in the report:
• Non clinical
• North America
o United States
o Rest of North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of Asia-Pacific
o United Arab Emirates
o Saudi Arabia
o Rest of LAMEA
• Datalogic SpA (Hydra SpA)
• Sick AG
• Honeywell International, Inc.
• Cognex Corporation
• Toshiba Corporation
• NXP Semiconductors NV
• Impinj, Inc.
• Denso Corporation
• Avery Dennison Company
• Bluebird, Inc.
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Read the full report: https://www.reportlinker.com/p06131532/?utm_source=GNW
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