Kenneth Research, in its repository of market research reports, have recently added a report on Healthcare AIDC Industry Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031.

In Q4 2021, U.S. current-account deficit widened stood at $224.8 billion. However, in Q1 22, CAD rose by 29.6%, reached to $291.4 billion, adding $66.6 billion to the gap. Export of good and services increased by $25.7 billion to reach $1.03 trillion in the first quarter of 2022. However, country's goods and services deficit was $79.6 billion in June, down $5.3 billion from $84.9 billion in May, revised- reflecting some sight of relief. On the other hand, annual inflation rate in the country hit 8.5%. Energy CPI surged by 32.9% in July 2022, inflating the cost of logistic and signs to disrupt supply chain whilst electricity cost upsurged by 15.2%, highest since Feb 2006. Apart from that, In July 2022, existing US home sales declined 5.9% to 4.81 million (seasonally adjusted annual rate), the lowest since May of 2020 and below market expectations of 4.89 million. As mortgage rate touches highest at 6%, sales for houses declined for a sixth consecutive month. Global energy crises to remain at focal point impacting the economic activity in the U.S, pushing consumers to spend less on the products and services and save more.

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On the other hand, the worst is expected to be seen in the European countries, especially during 2022 winters. The energy and gas crises has already started grappling the region, wherein many Western European countries including Germany is looking for coal fired solutions to tackle the gas supply shortage created by Russian-Ukraine conflict.

Amidst global concerns, market players have started looking for safe investments by holding on to the new technology and product launches. Factors like currency translation, disruption in global supply chain, Anti-China sentiments brewing across the globe, slowdown in Chinese economy, inflated products prices, USD getting stronger every week, decreasing purchasing power and strict measures taken by central banks/institutions across the world to ensure less spending and more saving, could hit the demand for the product and service badly in near future.

Global Healthcare AIDC (Automatic Identification of Data Capture) Industry was valued at USD 1.50 Billion for the year 2017. Healthcare AIDC Industry is further expected to grow at a CAGR of 16.02% from 2018 to reach USD 4.91 Billion by the year 2025. By region, North America holds the highest Industry share in 2017 while Asia-Pacific region is considered as the fastest growing Industry in the forecasted period. The U.S. is the major Industry in 2017 at country level and China, South Korea & Japan is further anticipated to grow at a steady pace in the next 5 years due to growing acceptance of healthcare technologies.

Major market players in AIDC Industry are Industry Bluebird Inc., Code Corporation, Cognex Corporation, Honeywell International Inc., JADAK, Zebra Technologies Corporation, Toshiba Tec Corporation, and Impinj Inc. and other 10 more companies detailed information is provided in research report. Better global reach at the operational level is the main reason the key players are holding substantial Industry share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years. In 2017, Impinj Inc. a leading provider of RAIN RFID solutions collaborated with STANLEY Healthcare provider of visibility solutions and analytics for the healthcare industry. Partnership Extends the Range of Real-Time Asset Management and Patient Flow Options for STANLEY Healthcare Customers with Impinj Platform named Mobile View.

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SWOT analysis of Healthcare AIDC Industry:
Strength:
Rising demand for errorless medication and medical facilities
Improving efficiency in health operations management
Weakness:
High Initial Investments
Low technological adoption rate by healthcare centers
Lack of coordination between governments
Opportunities:
Growing technological advancements and digitalization industry
Rising government participation in healthcare sectors
Threats:
Adverse effects on health and safety
Lack of reliability and safety
The segmentation is done on the basis of product types, RFID segment among barcode printers, barcode verifiers, and barcode scanners is expected to hold the highest Industry share during the forecast period because of the technological advancements and providing enhanced efficiency & safety of healthcare delivery.

Healthcare AIDC Industry Segmentation:
By Application
• Diagnostics center and laboratories
• Clinical and Hospitals

By Type
• Hardware
• Software & Services

By Region
North America
• USA
• Canada
Europe
• Germany
• U.K.
• France
• Italy
• Rest of Europe
APAC
• China
• India
• Japan
• Rest of Asia-Pacific
RoW
• Latin America
• Middle East & Africa

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