Near Field Communication in Healthcare Market Forecasts to 2028 – Global Analysis By Product Type (NFC Software, Non-Auxiliary Products, and Auxiliary Products), Operating Mode, Device, Application and By Geography
According to Stratistics MRC, the Global Near Field Communication in Healthcare Market is accounted for $292.76 million in 2020 and is expected to reach $689.40 million by 2028 growing at a CAGR of 11.3% during the forecast period. Technological developments in NFC and the increasing adoption of smart appliances in healthcare are the major factors propelling the market growth. However, the lack of presence for auxiliary equipment at its nascent stage is hampering the market growth.
Near Field Communication (NFC) is a wireless communication standard, which enables devices nearby that are below 10 centimeters, to communicate through radio waves in the 13.56 MHz frequency range. The data transfer rate may vary from 106 Kbit/s to 424 Kbit/s. NFC is also known as short-range wireless connectivity and induces a magnetic field that enables the communication between the devices.
Based on the product type, the auxiliary products segment is estimated to have a huge demand due to the ability of SIM cards for cashless payments with improved user experience. Moreover, the rising demand for connectivity between devices for sharing information and data through online and in-store payments in pharmacy has also led to the growth of NFC technology in the segment.
By geography, North America is going to have a lucrative growth due to the US population has taken considerable measures toward medical data security. Medication errors are increasing in the U.S. and can lead to increased harm to patient's health, healthcare utilization, and costs.
Some of the key players profiled in the Near Field Communication in Healthcare Market include A&D Company, Limited, Gentag, Inc., Impact Health, Inside Secure, MocoLabs Inc.(Qolpac B.V.), Nedap N.V., NXP Semiconductors N.V., Omron Healthcare, Inc., Qualcomm Technologies, Inc., Sony, Texas Instruments, Apple Inc, Toshiba Corporation, and Infineon Technologies AG.
Estimated Market Size in 2020:
USD 292.76 million
Compound Annual Growth Rate (CAGR) from 2020 to 2028:
Predicted 2028 Value:
Tables, Graphs& Figures
Product Type, Operating Mode, Device, Application and Region
Core Drivers and Opportunities:
Restraining Factors & Market Threats:
Product Types Covered:
• NFC Software
• Non-Auxiliary Products
• Auxiliary Products
Operating Modes Covered:
• Reader/Writer Mode
• Peer-To-Peer Mode
• Card Emulation Mode
• Smartphone & Tablets
• Personal Computer & Laptops
• Other Devices
• Hospitals and Diagnostics
• Pharmaceuticals and Biotechnology
• Medical Devices
• Medical Implants
• Social Networking
• Identify and Access Tokens
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2019, 2020, 2021, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Key Questions Answered In The Report
The Global Near Field Communication in Healthcare Market is majorly driven by technological developments in NFC and the growing adoption of smart appliances in healthcare.
The NFC software segment is growing at the highest CAGR due to the rising demand for connectivity between devices for sharing information and in-store payments in pharmacies.
North America dominated with a significant market share owing to the US population has taken considerable measures toward medical data security.
Asia Pacific market is growing at the highest CAGR owing to the increasing penetration of smartphones and tablets.
Key players in Near Field Communication in Healthcare Market include A&D Company, Limited, Gentag, Inc., Impact Health, Inside Secure, MocoLabs Inc.(Qolpac B.V.), Nedap N.V., NXP Semiconductors N.V., Omron Healthcare, Inc., Qualcomm Technologies, Inc., Sony, Texas Instruments, Apple Inc, Toshiba Corporation, and Infineon Technologies AG.
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