[FURL=https://www.industryarc.com/Report/49/near-field-communication-in-healthcare-market.html]Near Field Communication in Healthcare Market[/FURL] size was valued at $ 267.85 Million by 2019, and is anticipated to grow at a CAGR of 9.35% during the forecast period 2020-2025. The Near Field Communication in Healthcare Market growth rate is attributed to the growing mobile penetration with improved payment infrastructure and data connectivity presents a significant opportunity in the growth of the near field communication in Healthcare market in the forecast period of 2020-2025. Key Takeaways
North America dominated the Near Field Communication in Healthcare Market with a share of 36.5% in the year 2019.
The factors such as the introduction of new features in healthcare and by providing accuracy to tract various medical devices are amongst the major factor projected to impel growth of Near Field Communication in Healthcare Market.
Employee access gaining, patient check-in and check-out, prescription content, based payment, employee visitation, inventory and wrist band by eliminating paper based documentation work and increases automation and efficiency are the key factors owing to the growth in the segment during forecast period 2020-2025.
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Near Field Communication in Healthcare Market Segment Analysis - By Geography
North America dominated the Near Field Communication in Healthcare Market with a share of 36.5% in 2019. The application of Near Field Communication in Healthcare has grown rapidly over the last few years owing to the fact that 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. NFC reduces medication errors and potential adverse drug events (ADEs), thereby driving the market's growth in the region.
Near Field Communication in Healthcare Market Drivers
Innovative Patient Monitoring
Near Field Communication in Healthcare Industry Outlook
Product launches, mergers and acquisitions, joint ventures and geographical expansions are key strategies adopted by players in the Near Field Communication in Healthcare Market. In 2019, Near Field Communication in Healthcare Market share is fragmented by the top ten players present in the market. Near Field Communication in Healthcare Market top 10 companies are Gemalto, Broadcom, Infineon Technologies, Inside Secure, NXP Semiconductors, MediaTek, Samsung Electronics Corporation, Renesas Electronics Corporation, Texas Instruments, STMicroelectronics NV and others.
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