The Global Healthcare Automatic Identification And Data Capture (AIDC) Market as a Service market was valued at US 1.99 billion in 2020 which expected to reach USD 6.09 billion by 2027 at a CAGR 14.96% from 2020-2027.
AIDC stands for Automatic identification and data capture, and it is a method for identifying and collecting data that can be entered into a computer without the need for human intervention. Magnetic stripes, bar codes, QR codes, biometrics, radio frequency identification, optical character recognition, smart cards, and voice recognition are among the technologies included in AIDC. Automatic identification and data capture (AIDC) in healthcare allows users to collect data without making mistakes, resulting in better patient care by reducing the risk of medication errors.
AIDC stands for Automatic identification and data capture, and it is a method for identifying and collecting data that can be entered into a computer without the need for human intervention. Magnetic stripes, bar codes, QR codes, biometrics, radio frequency identification, optical character recognition, smart cards, and voice recognition are among the technologies included in AIDC. Automatic identification and data capture (AIDC) in healthcare allows users to collect data without making mistakes, resulting in better patient care by reducing the risk of medication errors.
Drivers:
The growth of the healthcare AIDC market can be attributed to a number of factors, including technological advancements and the increasing use of AIDC technologies in healthcare applications like inventory management, patient management, and asset management. In addition, the growing acceptance of advanced technologies such as biometrics, barcodes, and RFID, as well as their increased adoption in the healthcare supply chain, hospitals, and patient management, are driving demand for AIDC devices.Restraints:
Despite the fact that AIDC-enabled devices are becoming more popular, there is still some apprehension about adopting new technologies. This, combined with the high cost of some AIDC devices, is limiting the growth of the healthcare industry's automatic identification and data capture market.Impact of Covid-19
The healthcare industry is constantly evolving in order to keep up with increasing regulatory pressures while also maintaining a safe environment for patients and employees. The global impact of COVID-19 is highlighting the importance of automatic identification and data capture. These devices can help hospitals cope with the increased pressure brought on by the influx of patients. The rising number of patients and deaths as a result of COVID-19 will necessitate an increase in healthcare spending, which will likely boost the market for healthcare automatic identification and data capture.Market Segmentation
- Segmentation By Type: Global Healthcare Automatic Identification And Data Capture (AIDC) Market is classified on the basis of Type into Magnetic Stripe Cards, Smart Cards, Optical Character Recognition (OCR) Systems, RFID Products, and Biometric Systems.
- Segmentation By Application: Global Healthcare Automatic Identification And Data Capture (AIDC) Market is classified on the basis of Application into Clinical Application and Supply Chain Management.
- Segmentation By Region: Global Healthcare Automatic Identification And Data Capture (AIDC) Market is classified on the basis of Region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Competitive Landscape:
The key players of Global Healthcare Automatic Identification And Data Capture (AIDC) Market are Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Avery Dennison Corporation (U.S.), Newland EMEA (Netherlands), Datalogic S.P.A. (Italy), NEC Corporation (Japan), Alien Technologies Corporation (U.S.), Seagull Scientific, Inc. (U.S.), and SATO Worldwide (Japan).Industrial Developments
- In February 2019, Zebra Technologies acquired Temptime Corporation, a manufacturer of differentiated technology that detects temperature deviations in medical and biological products and shipments.
- In March 2021, Code Corporation collaborated on mobile medical barcode scanning with Dryrain Technologies, ACS MediHealth, and MEDITECH.
Market Taxonomy
By Type
- Magnetic Stripe Cards
- Smart Cards
- Optical Character Recognition (OCR) Systems
- RFID Products
- Biometric Systems
By Application
- Clinical Application
- Supply Chain Management
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Questions Addressed by the Report
- What are the Key Opportunities in Global Healthcare Automatic Identification And Data Capture (AIDC) Market?
- What will be the growth rate from 2020 to 2027?
- Which segment/region will have highest growth?
- What are the factors that will impact/drive the Market?
- What is the competitive Landscape in the Industry?
- What is the role of key players in the value chain?
Frequently Asked Questions about the Global Healthcare Automatic Identification And Data Capture Market
What is the estimated value of the Global Healthcare Automatic Identification And Data Capture Market?
What is the growth rate of the Global Healthcare Automatic Identification And Data Capture Market?
What is the forecasted size of the Global Healthcare Automatic Identification And Data Capture Market?
Who are the key companies in the Global Healthcare Automatic Identification And Data Capture Market?
| Report Attribute | Details |
|---|---|
| Published | February 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 24.3 Billion |
| Forecasted Market Value ( USD | $ 37 Billion |
| Compound Annual Growth Rate | 6.2% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
1 Introduction
2 Research Methodology
4 Global Healthcare Automatic Identification And Data Capture (AIDC) Market Outlook
12 Middle East & Africa Healthcare Automatic Identification And Data Capture (AIDC) Market Analysis and Forecast (2021-2027)
13 Competitive Analysis
Companies Mentioned
- Zebra Technologies Corporation (U.S.)
- Honeywell International Inc. (U.S.)
- Avery Dennison Corporation (U.S.)
- Newland EMEA (Netherlands)
- Datalogic S.P.A. (Italy)
- NEC Corporation (Japan)
- Alien Technologies Corporation (U.S.)
- Seagull Scientific Inc. (U.S.)
- SATO Worldwide (Japan).
