Healthcare Automatic Identification & Data Capture (AIDC) Market Research Report, Analysis and Forecast – (2021 – 2028)

Healthcare Automatic Identification & Data Capture (AIDC) Market Analysis

Healthcare industry is adopting technological advancements at a rapid pace. Automatic data identification technology enables identifying of objects and tracking them/collecting data from them. The technology is being of vital importance in areas like patient safety, inventory tracking, medical device/equipment tracking and others. IoT is a revolutionary technology in the healthcare industry and has potential to revolutionize the industry in coming years. The report discussed each of the technologies like Barcodes, Smart Cards, OCR Systems, RFID Products and Biometric Systems with insights on their market size, adoption, growth and future prospects.The global Healthcare Automatic Identification & Data Capture (AIDC) Market size in is 2021 expected to be $– billion and is expected to grow at 15%  CAGR during the period (2018-2021). The global Healthcare Automatic Identification & Data Capture (AIDC) Market is segmented into North America, Europe, APAC & Rest of the world.

The research report titled “Healthcare Automatic Identification & Data Capture (AIDC) Market, Business and Opportunity Analysis” published by Datavagyanik presents a detailed analysis of the Healthcare Automatic Identification & Data Capture (AIDC) Market with country-wise market statistics, qualitative insights, and market player analysis. One of the prime objectives of the report is to provide an assessment of the market potential, market revenue, growth and business opportunities for Healthcare Automatic Identification & Data Capture (AIDC) Market in each country.

North America Healthcare Automatic Identification & Data Capture (AIDC) Market size is expected to be – million and is expected to grow at a CAGR of –% during the period 2021 to 2028. US & Canada will drive the most of the revenue in the region. North America has a huge chunk of global market.

Europe Healthcare Automatic Identification & Data Capture (AIDC) Market Size is expected to be—million and is expected to grow at a CAGR of –%. APAC Healthcare Automatic Identification & Data Capture (AIDC) Market Size is Expected to grow at a CAGR of –.

Healthcare Automatic Identification and Data Capture

The healthcare industry is under constant pressure to improve efficiency and patient outcomes. One area that has seen much attention in recent years is automatic identification and data capture (AIDC). AIDC technologies, such as barcodes and RFID, have been shown to help healthcare organizations streamline their operations and improve patient safety. This article explains how AIDC can be used in healthcare, its benefits, and some of the challenges involved in adopting it.

The Rise of Automatic Identification and Data Capture (AIDC) in Healthcare

Automatic identification and data capture (AIDC) is revolutionizing healthcare by providing valuable insights and decisions that were not previously achievable. AIDC technology can enable the collection, tracking, and analysis of real-time data on patient records, medical supplies, and operations turnover. With its potential for monitoring, streamlining, and organizing processes, healthcare facilities are rapidly implementing these new technologies, which brings tremendous benefits in terms of time savings. Moreover, it contains advances such as cloud archiving/retrieval capabilities, better collaboration opportunities between staff members, automated inventory control, greater accuracy in tracking drug therapy progressions, and more efficient utilization of resources across all medical studies.

In summary, AIDC technology holds great promise to improve many aspects of healthcare management now and into the future.

Cost Effectiveness and Improved Efficacy in Healthcare

Automated Identification and Data Capture (AIDC) technologies can revolutionize the healthcare industry. AIDC offers a secure way of collecting, tracking, and sharing patient data by connecting RFID tags and barcodes to medical devices. These tools allow healthcare providers to quickly identify patients, equipment, and assets, advancing the accuracy and speed of operations. By utilizing such resources, hospitals can reduce costs and improve efficiency in goods management and lab work while providing better care. Additionally, AIDC technology can improve accuracy in prescribing medications as data can be quickly collated on what drugs and dosages were previously used for each patient. Furthermore, even complex tasks like supply chain management can become effortless with AIDC’s efficient tracking system, reducing wastage and costs associated with overstocking or understocking supplies. All in all, AIDC is helping health facilities achieve a higher level of operational accuracy and cost-effectiveness.

The Different Types of AIDC Technologies

AIDC, or Automatic Identification and Data Capture, is an extensive and varied field offering numerous technologies for businesses and individuals. These technologies include barcodes, magnetic strips, RFID tags, smart cards, 2D codes, biometrics systems, voice recognition software, and more. Each type of AIDC technology is specialized to suit different needs depending on the specific application. As a result, businesses can benefit from selecting the most suitable technology to maximize efficiency while reducing costs significantly.

Market Trends of AIDC in Healthcare

Automatic identification and data capture (AIDC) in healthcare have increased since the early 2000s. As advances in software and hardware technology increase, there is a growing need for effective AIDC solutions to ensure patient safety and security. Health organizations are increasingly incorporating AIDC systems into their operations as it has become clear that paper-based electronic medical records (EMRs) are inadequate. Moreover, the trend towards digitization and greater reliance on the Internet of Things (IoT) drives demand for stable, reliable AIDC tools in healthcare. Market trends towards integrated AIDC solutions will continue to present a unique opportunity to healthcare providers seeking maximum efficiency in their operations.

Driving Factors, Challenges, & Key players of the AIDC Global Market

The global Automatic Identification and Data Capture (AIDC) market in the healthcare sector shows steady growth with a CAGR of 8.2%. Key driving factors in this sector are increasing usage of Radio-frequency identification (RFID) technology, rising demand for seamless supply chain management systems, advancing wireless communication technologies, and increasing expenditure on healthcare systems. However, although there has been significant progress toward bringing innovation and improvements to the sector, challenges like integration issues with existing healthcare solutions and privacy risks still need to be addressed. The key players of AIDC technology in the global healthcare market include 3M Company, Honeywell International Inc., Impinj Inc., Siemens AG, and Zebra Technologies Corpora

Key Insights that the Healthcare Automatic Identification & Data Capture (AIDC) Market analysis report presents are:

• Healthcare Automatic Identification & Data Capture (AIDC) Market revenue and demand by countries
• Break-down of the Healthcare Automatic Identification & Data Capture (AIDC) Market in terms of application areas, target customers, and other potential market segments
• Areas that are relatively more potential and are faster growing
• Healthcare Automatic Identification & Data Capture (AIDC) Market competitive scenario, market share analysis
• Healthcare Automatic Identification & Data Capture (AIDC) Market business opportunity analysis

Global and Country-Wise Healthcare Automatic Identification & Data Capture (AIDC) Market Statistics

• Global and Country-Wise Healthcare Automatic Identification & Data Capture (AIDC) Market Size ($Million) and Forecast – (2021-2028)
• Global and Country-Wise Healthcare Automatic Identification & Data Capture (AIDC) Market Trend Analysis
• Global and Country-Wise Healthcare Automatic Identification & Data Capture (AIDC) Market Business Opportunity Assessment

Healthcare Automatic Identification & Data Capture (AIDC) Market Demand and Supply Side Analysis

The report analyzes Healthcare Automatic Identification & Data Capture (AIDC) Market from the demand as well as the supply side. In supply-side analysis, we reach out to the Healthcare Automatic Identification & Data Capture (AIDC) Market players to collect information on their portfolio, revenue, target customers, and other insights. During this process, paid interviews and surveys are conducted for obtaining and validating the data pointers. We also deep dive into the available paid industry databases, research studies, white papers, and annual reports.

As a part of our demand-side analysis, we reach out to the end-users of the Healthcare Automatic Identification & Data Capture (AIDC) Market, to gauge the application areas, demand trends, and similar insights.

Sample Data Tables Covered for Each Region and Country:

This business analysis report on the Healthcare Automatic Identification & Data Capture (AIDC) Market presents a regional as well as country-level analysis. The regions covered in the report are – North America, Europe, Asia Pacific and Rest of the World. In these four regions, all the countries have been covered in detail with information on Healthcare Automatic Identification & Data Capture (AIDC) Market size, trends, and forecast.

The report covers Healthcare Automatic Identification & Data Capture (AIDC) Market revenue and forecast for the period (2021 – 2028), by regions, (further split into countries):

• North America (United States, Canada, Mexico)
• Asia Pacific (China, Japan, South Korea, India, Indonesia, Vietnam, Rest of APAC)
• Europe (UK, Germany, France, Italy, Spain, Benelux, Poland, Rest of Europe)
• Latin America (Brazil, Argentina, Rest of Latin America)
• Middle East & Africa

Healthcare Automatic Identification & Data Capture (AIDC) Market REVENUE ($MILLION), AND FORECAST, 2021–2028

*Note – Country-level break-down has been covered in the report

Healthcare Automatic Identification & Data Capture (AIDC) Market Segmentation

Global Healthcare Automatic Identification & Data Capture (AIDC) Market revenue and forecast, by Products:

• Barcodes
• Smart Cards
• OCR Systems
• RFID Products
• Biometric Systems

Global Healthcare Automatic Identification & Data Capture (AIDC) Market revenue and forecast, by Offering:

• Hardware
• Software
• Services

Global Healthcare Automatic Identification & Data Capture (AIDC) Market revenue and forecast for the period (2020 – 2027), by Region:

North America

• United States
• Canada

Europe

• Germany
• France
• Italy
• Spain
• UK
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Indonesia
• Australia
• Rest of Asia-Pacific

Latin America

• Brazil
• Mexico
• Argentina

Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Rest of Middle East & Africa

Healthcare Automatic Identification & Data Capture (AIDC) Market Player Analysis:

• Company overview, portfolio analysis, market share, and target customers
• Estimated segment revenue and relative positioning
• Business and growth strategies

Some of the market players covered in the report are listed below

• Auto ID Ltd, Bluebird Inc.
• Axicon
• Code Corporation
• Cognex Corporation
• Datalogic S.P.A.
• Denso Wave
• Godex
• Honeywell International Inc.
• Impinj Inc.
• Jadak
• Opticon
• Toshiba Tec Corporation
• Unitech Electronics Co. Ltd.
• Zebra Technologies Corporation
• Other market players

Healthcare Automatic Identification & Data Capture (AIDC) Market Research Methodology:

There is an entire data collection and validation framework that Datavagyanik follows to provide you with authentic information. We connect to industry experts across various countries to understand market trends and demand pattern. The same is done through paid interviews and surveys.

Our internal team of analysts is experts in studying market patterns, mining data, and extracting useful information from different paid as well as freely available sources. Datavagyanik has an exhaustive internal database with information on markets, market players, and other macro and micro economic indicators that impact industries.