The Europe RFID in Healthcare Market would witness market growth of 17.0% CAGR during the forecast period (2023-2030).
Medical organizations, including pharmaceutical firms, hospitals, blood banks, and others, often employ RFID for workflow management. It may be used for inventory management, reducing medical mistakes, and effectively using healthcare resources. The market is expanding due to growing demand for innovative and cost-effective treatments and increased hospital and retail pharmacy use of pharmacy automation. Additionally, the industry is expanding as patient convenience and safety are given more attention. Developing non-profit R&D initiatives and using tactics like growth, acquisitions, and partnerships to produce cutting-edge technologies to support RFID in healthcare is assisting the market's continued expansion.
RFID incorporation into pharmaceutical items helps to increase patient safety by providing more precise monitoring and identification of medicines across the whole supply chain. It aims to decrease mistake rates to nearly zero. It also does away with the necessity for costly and, more critically in the present situation, labor-intensive internal drug labeling, significantly reducing hospital personnel's workload.
The UK has the chance to lead the world in health technology. The nation already has some of the top health technology companies in the world, which helps with discoveries and raises the profile of the nation's solid scientific and research basis internationally. The government has the opportunity to create an ecosystem that regularly generates the best health technology, which can be exported combined with cutting-edge methods and insights that help enhance health outcomes internationally. According to the European Regional Development Fund, Germany and the EU both value the healthcare and life sciences (HCT) industry. The national government also encourages using advanced medical technologies like RFID and nanotechnology. These factors are projected to promote the regional market’s growth.
The Germany market dominated the Europe RFID in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $882.1 million by 2030. The UK market is anticipated to grow at a CAGR of 16% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 17.9% during (2023 - 2030).
Based on Application, the market is segmented into Asset Tracking, Pharmaceutical Tracking, Patient Tracking, Blood Tracking and Others. Based on Product, the market is segmented into Tags and Systems & Software. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide RFID in Healthcare Market is Projected to reach USD 13.3 Billion by 2030, at a CAGR of 17.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Alien Technology, LLC, Zebra Technologies Corp., Avery Dennison Corporation, Impinj, Inc., 3M Company, Invengo Technology Pte. Ltd., Siemens AG, Fujitsu Limited and Terso Solutions, Inc. (Promega Corporation).
Scope of the Study
Market Segments Covered in the Report:
By Application
- Asset Tracking
- Pharmaceutical Tracking
- Patient Tracking
- Blood Tracking
- Others
By Product
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Alien Technology, LLC
- Zebra Technologies Corp.
- Avery Dennison Corporation
- Impinj, Inc.
- 3M Company
- Invengo Technology Pte. Ltd.
- Siemens AG
- Fujitsu Limited
- Terso Solutions, Inc. (Promega Corporation)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe RFID in Healthcare Market, by Application
1.4.2 Europe RFID in Healthcare Market, by Product
1.4.3 Europe RFID in Healthcare Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
Chapter 4. Europe RFID in Healthcare Market by Application
4.1 Europe Asset Tracking Market by Country
4.2 Europe Pharmaceutical Tracking Market by Country
4.3 Europe Patient Tracking Market by Country
4.4 Europe Blood Tracking Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe RFID in Healthcare Market by Product
5.1 Europe Tags Market by Country
5.2 Europe Systems & Software Market by Country
Chapter 6. Europe RFID in Healthcare Market by Country
6.1 Germany RFID in Healthcare Market
6.1.1 Germany RFID in Healthcare Market by Application
6.1.2 Germany RFID in Healthcare Market by Product
6.2 UK RFID in Healthcare Market
6.2.1 UK RFID in Healthcare Market by Application
6.2.2 UK RFID in Healthcare Market by Product
6.3 France RFID in Healthcare Market
6.3.1 France RFID in Healthcare Market by Application
6.3.2 France RFID in Healthcare Market by Product
6.4 Russia RFID in Healthcare Market
6.4.1 Russia RFID in Healthcare Market by Application
6.4.2 Russia RFID in Healthcare Market by Product
6.5 Spain RFID in Healthcare Market
6.5.1 Spain RFID in Healthcare Market by Application
6.5.2 Spain RFID in Healthcare Market by Product
6.6 Italy RFID in Healthcare Market
6.6.1 Italy RFID in Healthcare Market by Application
6.6.2 Italy RFID in Healthcare Market by Product
6.7 Rest of Europe RFID in Healthcare Market
6.7.1 Rest of Europe RFID in Healthcare Market by Application
6.7.2 Rest of Europe RFID in Healthcare Market by Product
Chapter 7. Company Profiles
7.1 Honeywell International, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Partnerships, Collaborations, and Agreements:
7.1.6 SWOT Analysis
7.2 Alien Technology, LLC
7.2.1 Company Overview
7.3 Zebra Technologies Corporation
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Regional & Segmental Analysis
7.3.4 Research & Development Expenses
7.3.5 Recent strategies and developments:
7.3.5.1 Acquisition and Mergers:
7.3.6 SWOT Analysis
7.4 Avery Dennison Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.4.5.2 Product Launches and Product Expansions:
7.5 Impinj, Inc.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Product Launches and Product Expansions:
7.5.5.2 Acquisition and Mergers:
7.6 3M Company
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Partnerships, Collaborations, and Agreements:
7.6.6 SWOT Analysis
7.7 Invengo Technology Pte. Ltd.
7.7.1 Company Overview
7.8 Siemens AG
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expense
7.8.5 SWOT Analysis
7.9 Fujitsu Limited
7.9.1 Company Overview
7.9.2 Financial Analysis
7.9.3 Segmental and Regional Analysis
7.9.4 Research & Development Expenses
7.9.5 SWOT Analysis
7.10. Terso Solutions, Inc. (Promega Corporation)
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Partnerships, Collaborations, and Agreements:
TABLE 1 Europe RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 2 Europe RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– RFID in Healthcare Market
TABLE 4 Product Launches And Product Expansions– RFID in Healthcare Market
TABLE 5 Acquisition and Mergers– RFID in Healthcare Market
TABLE 6 Europe RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 7 Europe RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 8 Europe Asset Tracking Market by Country, 2019 - 2022, USD Million
TABLE 9 Europe Asset Tracking Market by Country, 2023 - 2030, USD Million
TABLE 10 Europe Pharmaceutical Tracking Market by Country, 2019 - 2022, USD Million
TABLE 11 Europe Pharmaceutical Tracking Market by Country, 2023 - 2030, USD Million
TABLE 12 Europe Patient Tracking Market by Country, 2019 - 2022, USD Million
TABLE 13 Europe Patient Tracking Market by Country, 2023 - 2030, USD Million
TABLE 14 Europe Blood Tracking Market by Country, 2019 - 2022, USD Million
TABLE 15 Europe Blood Tracking Market by Country, 2023 - 2030, USD Million
TABLE 16 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 17 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 18 Europe RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 19 Europe RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 20 Europe Tags Market by Country, 2019 - 2022, USD Million
TABLE 21 Europe Tags Market by Country, 2023 - 2030, USD Million
TABLE 22 Europe Systems & Software Market by Country, 2019 - 2022, USD Million
TABLE 23 Europe Systems & Software Market by Country, 2023 - 2030, USD Million
TABLE 24 Europe RFID in Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 25 Europe RFID in Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 26 Germany RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 27 Germany RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 28 Germany RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 29 Germany RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 30 Germany RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 31 Germany RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 32 UK RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 33 UK RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 34 UK RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 35 UK RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 36 UK RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 37 UK RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 38 France RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 39 France RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 40 France RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 41 France RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 42 France RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 43 France RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 44 Russia RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 45 Russia RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 46 Russia RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 47 Russia RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 48 Russia RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 49 Russia RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 50 Spain RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 51 Spain RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 52 Spain RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 53 Spain RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 54 Spain RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 55 Spain RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 56 Italy RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 57 Italy RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 58 Italy RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 59 Italy RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 60 Italy RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 61 Italy RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 62 Rest of Europe RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 63 Rest of Europe RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 64 Rest of Europe RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 65 Rest of Europe RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 66 Rest of Europe RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 67 Rest of Europe RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 68 Key Information – Honeywell International, Inc.
TABLE 69 Key Information – Alien Technology, LLC
TABLE 70 Key information – Zebra Technologies Corporation
TABLE 71 Key Information – Avery Dennison Corporation
TABLE 72 Key Information – Impinj, Inc.
TABLE 73 Key Information – 3M Company
TABLE 74 Key Information – Invengo Technology Pte. Ltd.
TABLE 75 Key Information – Siemens AG
TABLE 76 Key Information – Fujitsu Limited
TABLE 77 Key Information – Terso Solutions, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 4 Europe RFID in Healthcare Market share by Application, 2022
FIG 5 Europe RFID in Healthcare Market share by Application, 2030
FIG 6 Europe RFID in Healthcare Market by Application, 2019 - 2030, USD Million
FIG 7 Europe RFID in Healthcare Market share by Product, 2022
FIG 8 Europe RFID in Healthcare Market share by Product, 2030
FIG 9 Europe RFID in Healthcare Market by Product, 2019 - 2030, USD Million
FIG 10 Europe RFID in Healthcare Market share by Country, 2022
FIG 11 Europe RFID in Healthcare Market share by Country, 2030
FIG 12 Europe RFID in Healthcare Market by Country, 2019 - 2030, USD Million
FIG 13 Swot analysis: Honeywell international, inc.
FIG 14 SWOT Analysis: Zebra Technologies Corporation
FIG 15 Recent strategies and developments: Avery Dennison Corporation
FIG 16 Recent strategies and developments: Impinj, Inc.
FIG 17 SWOT Analysis: 3M Company
FIG 18 Swot Analysis: Siemens AG
FIG 19 SWOT Analysis: Fujitsu Limited