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Global Patient Identification Wristbands Market Size, Share: By Product Type: Alert Wristband, RFID Wristband, Laser Wristband, Thermal Wristband, Write-on Wristband; By Material: Vinyl, Synthetic, Trilaminate, Tyvek, Non-tear Paper Plastics; By Age Group: Adult, Pediatric, Infant; Regional Analysis; Supplier Landscape; 2024-2032
Global Patient Identification Wristbands Market Outlook
The global patient identification wristbands market size is anticipated to grow at a CAGR of 13.20% during the forecast period of 2024-2032, likely to be driven by the rising technological developments in the healthcare industry.
Patient Identification Wristbands: Introduction
A patient identification wristband is a synthetic band which is used to identify patients in a hospital or healthcare facility and provide them the best treatment possible. A wrist band contains vital patient data which allows patients to be best identified and cared for. These wristbands are generally made of synthetic rubber or silicone, making them comfortable to wear. The wrist bands typically have an adhesive closure or even a clip closure. The materials that are used for patient wrist bands closure are resistant of the substances that are generally being used in hospitals, such as hot water, sanitizers, or cleansing liquids. They are made stronger to stay for longer period.
It has been examined that incineration of wristbands release CO2 into the atmosphere. Hence, the manufacturers are focusing more on making patient wrist bands that are eco-friendly in nature by using CO2 absorbents in patient wristbands adhesives. These patient wristbands are worn by every patient at the hospital, be that a kid or an adult. The categorization is usually based on the colour of the patients' wristbands. These wristbands are intact with latest technologically advanced components that stores the patients’ data and help make the treatment procedure much smoother.
Global Patient Identification Wristbands Market Analysis
Companies in the patient identification wristbands market are striving to strengthen their positions through new product launches and approvals from both established and emerging market players. The product launches and acquisition will fuel the manufacturer’s strategy to grow and stabilize their position in the market and capturing a significant market share.
The rise in product launches in the market is also driving the market growth. A new UHF RFID direct thermal wristbands for identification, verification, and tracking of patients in hospitals was launched by SATO, a global pioneer in the development of auto-ID and labeling solutions. SATO designed these wristbands for comfort and optimal readings within hospital facility location systems.
Controlling the risk of infection and contamination, avoiding disturbing patients who are resting, and having visibility of where patients are on the property, are the three key and typical criteria for hospitals and care facilities. The UHF inlay from SATO is made to provide the best readings while reducing pain from becoming bound up in clothing or other nearby objects. Additionally, due to RFID's contactless nature, the risk of contamination is reduced for the highest level of hygiene.
The rise in deals and mergers between the leading players is also propelling the patient identification wristbands market development. A vendor alliance was established between Covenant Health based in Massachusetts and Medline. It was a USD 75 million prime vendor alliance that happened in 2023. This alliance was formed in a three-hospital health system to find new ways to improve patient outcomes and restructure supply chain procedures. McKesson Corporation, a worldwide healthcare company, also launched McKesson’s fast returns solution for health systems in September 2021. By accelerating credit processing and automating the return process, technology helps hospitals and health systems collect more credit for returned prescription medications and over-the-counter items. This enables staff to give patients more of their attention contributing to the increasing demand of patient identification wristbands.
Global Patient Identification Wristbands Market Segmentations
Market Breakup by Product Type
- Alert Wristband
- RFID Wristband
- Laser Wristband
- Thermal Wristband
- Write-on Wristband
Market Breakup by Material
- Vinyl
- Synthetic
- Trilaminate
- Tyvek
- Non-tear Paper Plastics
Market Breakup by Age Group
- Adult
- Pediatric
- Infant
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Global Patient Identification Wristbands Market Overview
The increasing prevalence of chronic illnesses and infections has been fuelling the market for a long time and is expected to keep growing in coming years as well. Due to this, the hospital facilities are expected to experience a significant increase in the patient load. This increased patient load is expected to create a need for patient wristbands in the hospital facilities in order to tackle the patient load without the scope for human errors and providing the patients with best care. The healthcare facilities are expected to invest in patient wristbands for better patient care, tracking, and management, along with improved customer awareness, which is further expected to add to the overall patient identification wristbands market share.
Patient Identification Wristbands Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- McKesson Medical-Surgical Inc.
- Zebra Technologies Corp.
- Bio - X.
- Comfort Band,LLC
- Printina, Inc.,
- Thermo Fisher Scientific Inc.
- Typenex Medical, LLC.
- Brady Worldwide, Inc.
- IdentiSys Inc.
- Compass Health Brands
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Material |
|
| Breakup by Age Group |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
1.1 Objectives of the Study
1.2 Key Assumptions
1.3 Report Coverage – Key Segmentation and Scope
1.4 Research Methodology
2 Executive Summary
3 Patient Identification Wristbands Market Overview
3.1 Patient Identification Wristbands Market Historical Value (2017-2023)
3.2 Patient Identification Wristbands Market Forecast Value (2024-2032)
4 Patient Identification Wristbands Market Landscape
4.1 Lentiviral Vectors: Developers Landscape
4.1.1 Analysis by Year of Establishment
4.1.2 Analysis by Company Size
4.1.3 Analysis by Region
4.2 Lentiviral Vectors: Product Landscape
4.2.1 Analysis by Type
4.2.2 Analysis by Material
4.2.3 Analysis by Applications
5 Patient Identification Wristbands Market Dynamics
5.1 Market Drivers and Constraints
5.2 SWOT Analysis
5.3 Porter’s Five Forces Model
5.4 Key Demand Indicators
5.5 Key Price Indicators
5.6 Industry Events, Initiatives, and Trends
5.7 Value Chain Analysis
6 Patient Identification Wristbands Market Segmentation
6.1 Patient Identification Wristbands Market by Product Type
6.1.1 Market Overview
6.1.2 Alert Wristband
6.1.3 RFID Wristband
6.1.4 Laser Wristband
6.1.5 Thermal Wristband
6.1.6 Write-on Wristband
6.2 Patient Identification Wristbands Market by Material
6.2.1 Market Overview
6.2.2 Vinyl
6.2.3 Synthetic
6.2.4 Trilaminate
6.2.5 Tyvek
6.2.6 Non-tear Paper Plastics
6.3 Patient Identification Wristbands Market by Age Group
6.3.1 Market Overview
6.3.2 Adult
6.3.3 Pediatric
6.3.4 Infant
6.4 Patient Identification Wristbands Market by Region
6.4.1 Market Overview
6.4.2 North America
6.4.3 Europe
6.4.4 Asia Pacific
6.4.5 Latin America
6.4.6 Middle East and Africa
7 North America Patient Identification Wristbands Market
7.1 Market Share by Country
7.2 United States of America
7.3 Canada
8 Europe Patient Identification Wristbands Market
8.1 Market Share by Country
8.2 United Kingdom
8.3 Germany
8.4 France
8.5 Italy
8.6 Others
9 Asia Pacific Patient Identification Wristbands Market
9.1 Market Share by Country
9.2 China
9.3 Japan
9.4 India
9.5 ASEAN
9.6 Australia
9.7 Others
10 Latin America Patient Identification Wristbands Market
10.1 Market Share by Country
10.2 Brazil
10.3 Argentina
10.4 Mexico
10.5 Others
11 Middle East and Africa Patient Identification Wristbands Market
11.1 Market Share by Country
11.2 Saudi Arabia
11.3 United Arab Emirates
11.4 Nigeria
11.5 South Africa
11.6 Others
12 Regulatory Framework
12.1 Regulatory Overview
12.1.1 US FDA
12.1.2 EU EMA
12.1.3 INDIA CDSCO
12.1.4 JAPAN PMDA
12.1.5 Others
13 Patent Analysis
13.1 Analysis by Type of Patent
13.2 Analysis by Publication year
13.3 Analysis by Issuing Authority
13.4 Analysis by Patent Age
13.5 Analysis by CPC Analysis
13.6 Analysis by Patent Valuation
13.7 Analysis by Key Players
14 Grants Analysis
14.1 Analysis by year
14.2 Analysis by Amount Awarded
14.3 Analysis by Issuing Authority
14.4 Analysis by Grant Application
14.5 Analysis by Funding Institute
14.6 Analysis by NIH Departments
14.7 Analysis by Recipient Organization
15 Clinical Trials Analysis
15.1 Analysis by Trial Registration Year
15.2 Analysis by Trial Status
15.3 Analysis by Trial Phase
15.4 Analysis by Therapeutic Area
15.5 Analysis by Geography
16 Funding and Investment Analysis
16.1 Analysis by Funding Instances
16.2 Analysis by Type of Funding
16.3 Analysis by Funding Amount
16.4 Analysis by Leading Players
16.5 Analysis by Leading Investors
16.6 Analysis by Geography
17 Partnership and Collaborations Analysis
17.1 Analysis by Partnership Instances
17.2 Analysis by Type of Partnership
17.3 Analysis by Leading Players
17.4 Analysis by Geography
18 Supplier Landscape
18.1 McKesson Medical-Surgical Inc.
18.1.1 Financial Analysis
18.1.2 Product Portfolio
18.1.3 Demographic Reach and Achievements
18.1.4 Mergers and Acquisitions
18.1.5 Certifications
18.2 Zebra Technologies Corp.
18.2.1 Financial Analysis
18.2.2 Product Portfolio
18.2.3 Demographic Reach and Achievements
18.2.4 Mergers and Acquisitions
18.2.5 Certifications
18.3 Bio - X.
18.3.1 Financial Analysis
18.3.2 Product Portfolio
18.3.3 Demographic Reach and Achievements
18.3.4 Mergers and Acquisitions
18.3.5 Certifications
18.4 Comfort Band,LLC
18.4.1 Financial Analysis
18.4.2 Product Portfolio
18.4.3 Demographic Reach and Achievements
18.4.4 Mergers and Acquisitions
18.4.5 Certifications
18.5 Printina, Inc.,
18.5.1 Financial Analysis
18.5.2 Product Portfolio
18.5.3 Demographic Reach and Achievements
18.5.4 Mergers and Acquisitions
18.5.5 Certifications
18.6 Thermo Fisher Scientific Inc.
18.6.1 Financial Analysis
18.6.2 Product Portfolio
18.6.3 Demographic Reach and Achievements
18.6.4 Mergers and Acquisitions
18.6.5 Certifications
18.7 Typenex Medical, LLC.
18.7.1 Financial Analysis
18.7.2 Product Portfolio
18.7.3 Demographic Reach and Achievements
18.7.4 Mergers and Acquisitions
18.7.5 Certifications
18.8 Brady Worldwide, Inc.
18.8.1 Financial Analysis
18.8.2 Product Portfolio
18.8.3 Demographic Reach and Achievements
18.8.4 Mergers and Acquisitions
18.8.5 Certifications
18.9 IdentiSys Inc.
18.9.1 Financial Analysis
18.9.2 Product Portfolio
18.9.3 Demographic Reach and Achievements
18.9.4 Mergers and Acquisitions
18.9.5 Certifications
18.10 Compass Health Brands
18.10.1 Financial Analysis
18.10.2 Product Portfolio
18.10.3 Demographic Reach and Achievements
18.10.4 Mergers and Acquisitions
18.10.5 Certifications
19 Key Opinion Leaders (KOL) Insights (Additional Insight)
20 Company Competitiveness Analysis (Additional Insight)
20.1 Very Small Companies
20.2 Small Companies
20.3 Mid-Sized Companies
20.4 Large Companies
20.5 Very Large Companies
21 Payment Methods (Additional Insight)
21.1 Government Funded
21.2 Private Insurance
21.3 Out-of-Pocket
*Additional insights provided are customisable as per client requirements.
Key Questions Answered in the Report
The market is anticipated to grow at a CAGR of 13.20% during the forecast period of 2024-2032.
RFID technology allows for data transmission without a direct line of sight, meaning the tags can be read even through human bodies, clothes, bed sheets, and non-metal objects. This provides healthcare professionals the advantage of scanning the wristbands remotely, minimizing the disruption to the patient.
The increasing prevalence of chronic diseases and geriatric population are among the key factors aiding the market growth.
Key players launching their patient identification wristbands that are embedded with latest advanced technologies to help provide the best patient care and convenience to healthcare facility is a major trend influencing the market.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Types of patient wristbands in the market include alert wristband, RFID wristband, laser wristband, thermal wristband, write-on wristband.
Materials used to manufacture patient wristbands are vinyl, synthetic, trilaminate, tyvek, non-tear paper plastics.
Age groups in the patient include adult, pediatric, and infants.
Key players involved in the market are McKesson Medical-Surgical Inc., Zebra Technologies Corp., Bio - X., Comfort Band,LLC, Printina, Inc., Thermo Fisher Scientific Inc., Typenex Medical, LLC., Brady Worldwide, Inc., IdentiSys Inc., and Compass Health Brands.
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