The global healthcare automatic identification & data capture (AIDC) market will grow at a CAGR of 15.4% during the forecast period to reach USD 3,122.7 million by 2022, according to this latest publication from Meticulous Research®. AIDC market is driven by the growing need to reduce medical errors & related healthcare expenditure. In addition, growing focus on patient safety, technological revolution, and rising government legislations on the use of barcode & RFID technologies are further expected to boost the growth of the global healthcare automatic identification & data capture (AIDC) market.
The healthcare automatic identification & data capture (AIDC) market is segmented by product type (barcode printers, barcode scanners, barcode verifiers, and RFID), application (clinical application, non-clinical application), and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa). Based on product type the market is segmented into barcode printers, barcode scanners, barcode verifiers, and RFID. Barcode printers market is further sub-segmented into dot matrix printers, laser printers, inkjet printers, and thermal printers (thermal transfer printer, thermal direct printer, and dual thermal printers). The barcode scanners segment is further classified into wand barcode scanners, charge-coupled device scanner, laser scanner, and image scanner).
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Based on the application, the clinical application market is sub-segmented into medication verification administration, blood transfusion verification, laboratory specimen identification, respiratory therapy treatment at the bedside, dietary management, and gamete tracking in fertilisation process. The non-clinical application segment is also further classified into supply chain management in hospitals, receiving, put-away and verification, picking and internal transfer, replenishment ordering, and cycle counts.
North America holds the major share in the global healthcare automatic identification & data capture (AIDC) market followed by Europe and Asia-Pacific region. However, Asia-Pacific region is projected to show lucrative growth potential for the automatic identification & data capture market during the analysis period. The growth in the Asia-Pacific region is attributed to the rising investment in improving healthcare infrastructure, growing healthcare expenditure, rising demand for better healthcare services from large pool of patient population, and increasing demand for automation in the healthcare operations to overcome the challenge of scarcity of healthcare professionals in the region.
The leading companies have employed various strategies to expand their product & application offerings, global footprint, and augment their market share. The key strategies followed by most companies in the global healthcare automatic identification & data capture (AIDC) market were new product launches & product enhancement, mergers &acquisition, and expansions. New product launches & product enhancements was the most preferred growth strategy adopted by the key players, during the period of 2014-2017, enabling companies to expand their product offerings and ensure a competitive edge in the global healthcare AIDC market.
The key players in the global Healthcare AIDC Market are Zebra Technologies Corporation, Honeywell International Inc., Datalogic S.p.A., Bluebird Inc., Godex International, Code Corporation, Toshiba Tech Corporation, SATO Worldwide, JADAK Tech, Axicon Auto ID Ltd., Microscan System, Inc., Unitech Electronics Co. Ltd., Opticon Sensors Europe B.V., and IMPINJ Inc.