The global healthcare automatic identification and data capture market is projected to grow at a modest CAGR of nearly 15.8% during the forecast period (2021-2027). The major factor driving the growth of the market is the significant need to reduce medication errors. The automatic identification and data capture (AIDC) technology provide error-free data collection with improved patient safety. However, the increasing number of USB threats is hindering the growth of the market. There is an increase in USB threats that are expected to cause costly business disruptions.

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The market is segmented based on technology, component, and application. Based on technology, the market is segmented into barcode, RFID, and biometrics. Among technology, barcode is the fastest-growing segment owing to their increased application in healthcare in specimen verification, identification, and medication administration. Based on component, the market is segmented into software and services, and hardware. Among component, the hardware segment is estimated to hold a lucrative share in the market. The attributable factor for the growth of the segment is the need for hardware components such as scanners, cards, and readers. Based on application, the market is segmented into clinical and non-clinical. Among application, the non-clinical segment of the market is estimated to hold a lucrative share in the market owing to the adoption of barcode and RFID technology in supply chain management.

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The global healthcare automatic identification and data capture market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific region is projected to hold a significant market share during the forecast period. The regional growth of the market is accredited to the adoption of AIDC technology in the region, especially in the economies such as China and India. North America held a major market position in the market in 2020. Improving healthcare infrastructure and the implementation of advanced technologies are some key factors driving the growth of the regional market. The growing investments and expenditure in healthcare are further contributing to the market growth.

Global Healthcare Automatic Identification and Data Capture (AIDC) Market – Segmentation
by Technology
Barcode
RFID
Biometric
by Component
Software and Services
Hardware
by Application
Clinical
Non-Clinical

Global Healthcare Automatic Identification and Data Capture (AIDC) Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Avery Dennison Corp.
Bluebird Inc.
Cognex Corp.
Denso Corp.
Godex International Co., Ltd.
Impinj, Inc.
Jadak - A NovantaCo.
NXP Semiconductors
Omron Microscan Systems Inc.
Panasonic Corp.
SATO Holdings Corp.
SICK AG
The Code Corp.
Toshiba TEC Corp.
TSC Auto ID Technology Co., Ltd.
Unitech Electronics Co., Ltd.

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