The North America RFID in Healthcare Market would witness market growth of 16.8% CAGR during the forecast period (2023-2030).
The healthcare industry is expected to see a rapid expansion of radio-frequency identification (RFID) technology. RFID technology is being used more and more by hospitals, biotechnology companies, and pharmacies for efficient inventory management and improved patient protection. Additionally, the market demand and adoption of automated processes in healthcare institutions are fueled by RFID systems' low cost and high productivity. In addition, rising hospital patient visits and the need for efficient supply chain management are a few of the key drivers propelling market expansion.
Inventory management can be streamlined, stock-outs can be decreased, and overstock can be avoided using RFID technology. Additionally, it may provide real-time data and aid in preventing inventory theft and loss. RFID tagging of medical products may improve patient safety in the medical industry by facilitating staff tracking of critical items utilized during operations. This is anticipated to fuel market expansion.
According to the International Trade Association, the balance of domestic production, exports, and imports in Mexico's market for medical devices, instruments, disposables, and dental items has changed dramatically in recent years. Nearly 5.91 billion USD worth of these items were imported in 2021. Additionally, Mexico imported USD 5.2 billion worth of pharmaceutical items and USD 5.9 billion worth of medical equipment and supplies in 2021. Mexico City (USD 635 million), State of Mexico (USD 204 million), Morelos (USD 101 million), Jalisco (USD 173 million), and Tamaulipas (USD 55 million) were the states with the most significant imports of pharmaceutical items in 2021. Additionally, it is anticipated to provide industry participants in the regional market development opportunities.
The US market dominated the North America RFID in Healthcare Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,150.5 million by 2030. The Canada market is poised to grow at a CAGR of 19.4% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 18.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America RFID in Healthcare Market, by Application
1.4.2 North America RFID in Healthcare Market, by Product
1.4.3 North America 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. North America RFID in Healthcare Market by Application
4.1 North America Asset Tracking Market by Country
4.2 North America Pharmaceutical Tracking Market by Country
4.3 North America Patient Tracking Market by Country
4.4 North America Blood Tracking Market by Country
4.5 North America Others Market by Country
Chapter 5. North America RFID in Healthcare Market by Product
5.1 North America Tags Market by Country
5.2 North America Systems & Software Market by Country
Chapter 6. North America RFID in Healthcare Market by Country
6.1 US RFID in Healthcare Market
6.1.1 US RFID in Healthcare Market by Application
6.1.2 US RFID in Healthcare Market by Product
6.2 Canada RFID in Healthcare Market
6.2.1 Canada RFID in Healthcare Market by Application
6.2.2 Canada RFID in Healthcare Market by Product
6.3 Mexico RFID in Healthcare Market
6.3.1 Mexico RFID in Healthcare Market by Application
6.3.2 Mexico RFID in Healthcare Market by Product
6.4 Rest of North America RFID in Healthcare Market
6.4.1 Rest of North America RFID in Healthcare Market by Application
6.4.2 Rest of North America 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 North America RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 2 North America 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 North America RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 7 North America RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 8 North America Asset Tracking Market by Country, 2019 - 2022, USD Million
TABLE 9 North America Asset Tracking Market by Country, 2023 - 2030, USD Million
TABLE 10 North America Pharmaceutical Tracking Market by Country, 2019 - 2022, USD Million
TABLE 11 North America Pharmaceutical Tracking Market by Country, 2023 - 2030, USD Million
TABLE 12 North America Patient Tracking Market by Country, 2019 - 2022, USD Million
TABLE 13 North America Patient Tracking Market by Country, 2023 - 2030, USD Million
TABLE 14 North America Blood Tracking Market by Country, 2019 - 2022, USD Million
TABLE 15 North America Blood Tracking Market by Country, 2023 - 2030, USD Million
TABLE 16 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 17 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 18 North America RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 19 North America RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 20 North America Tags Market by Country, 2019 - 2022, USD Million
TABLE 21 North America Tags Market by Country, 2023 - 2030, USD Million
TABLE 22 North America Systems & Software Market by Country, 2019 - 2022, USD Million
TABLE 23 North America Systems & Software Market by Country, 2023 - 2030, USD Million
TABLE 24 North America RFID in Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 25 North America RFID in Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 26 US RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 27 US RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 28 US RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 29 US RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 30 US RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 31 US RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 32 Canada RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 33 Canada RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 34 Canada RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 35 Canada RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 36 Canada RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 37 Canada RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 38 Mexico RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 39 Mexico RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 40 Mexico RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 41 Mexico RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 42 Mexico RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 43 Mexico RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 44 Rest of North America RFID in Healthcare Market, 2019 - 2022, USD Million
TABLE 45 Rest of North America RFID in Healthcare Market, 2023 - 2030, USD Million
TABLE 46 Rest of North America RFID in Healthcare Market by Application, 2019 - 2022, USD Million
TABLE 47 Rest of North America RFID in Healthcare Market by Application, 2023 - 2030, USD Million
TABLE 48 Rest of North America RFID in Healthcare Market by Product, 2019 - 2022, USD Million
TABLE 49 Rest of North America RFID in Healthcare Market by Product, 2023 - 2030, USD Million
TABLE 50 Key Information – Honeywell International, Inc.
TABLE 51 Key Information – Alien Technology, LLC
TABLE 52 Key information – Zebra Technologies Corporation
TABLE 53 Key Information – Avery Dennison Corporation
TABLE 54 Key Information – Impinj, Inc.
TABLE 55 Key Information – 3M Company
TABLE 56 Key Information – Invengo Technology Pte. Ltd.
TABLE 57 Key Information – Siemens AG
TABLE 58 Key Information – Fujitsu Limited
TABLE 59 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 North America RFID in Healthcare Market share by Application, 2022
FIG 5 North America RFID in Healthcare Market share by Application, 2030
FIG 6 North America RFID in Healthcare Market by Application, 2019 - 2030, USD Million
FIG 7 North America RFID in Healthcare Market share by Product, 2022
FIG 8 North America RFID in Healthcare Market share by Product, 2030
FIG 9 North America RFID in Healthcare Market by Product, 2019 - 2030, USD Million
FIG 10 North America RFID in Healthcare Market share by Country, 2022
FIG 11 North America RFID in Healthcare Market share by Country, 2030
FIG 12 North America 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