Market Overview:
The global patient identification wristband market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for patient identification wristbands across hospitals, ambulatory surgical centers, specialty clinics, rehabilitation centers and long term care centers. Additionally, the growing awareness about patient safety is also propelling the growth of this market. Based on type, laser wristbands are expected to account for the largest share of the global patient identification wristband market in 2018. This can be attributed to their high accuracy and durability as compared to other types of wristbands such as thermal and alert wristbands. Based on application, hospitals are expected to account for the largest share of the global patient identification wristband market in 2018.
Product Definition:
A Patient Identification Wristband is a wearable device used to identify patients. The band typically contains the patient's name, date of birth, and other identifying information. The band may also include contact information for the patient's doctor or nurse. Patient identification wristbands are important because they help ensure that patients receive the correct medical treatment.
Laser Wristband:
Laser wristband is a wearable medical device that emits red or infrared light and can be used to track the motion of the patient's hand. It is mainly used for identification purposes in hospitals, clinics, and diagnostic centers. The major factor driving this market includes growing demand for point-of-care testing (POCT) devices as they provide rapid results with higher sensitivity & specificity compared to conventional methods.
Thermal Wristband:
Thermal wristband is a device that is used for patient identification during medical procedures. It generates a unique code based on the temperature of the wrist with which an identification number is generated. The wristband can be made of plastic, silicone or stainless steel and can be embedded with electronic components like microprocessors, RFID chips or batteries to store information about the patient’s health and identity details.
Application Insights:
The market is segmented based on application into hospitals, ambulatory surgical centers, specialty clinics, rehabilitation centers and long-term care centers. The hospitals segment dominated the global patient identification wristband market in 2017 owing to the increasing prevalence of chronic diseases such as cancer and diabetes that require regular medical checkups. Moreover, an increase in hospital admissions for trauma cases has increased demand for PWI solutions across all segments of the healthcare industry.
The specialty clinics segment is expected to grow at a lucrative rate over the forecast period due to rising demand for innovative treatment options by patients with complex medical conditions requiring multiple diagnostic procedures followed by rehabilitative therapies. In addition, an increase in sports medicine visits has led to a significant rise in sports injury cases which also boosts growth prospects of this application segment during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-established healthcare infrastructure, high adoption rate of advanced technologies, and increasing demand for cost-effective treatment options are some factors driving the regional market. Moreover, an increase in government initiatives to promote patient safety and care is expected to fuel the product demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising medical tourism coupled with improving healthcare infrastructure in emerging countries such as India and China. In addition, a rise in chronic diseases that require long term treatments will drive product adoption rates across this region during the forecast period. Furthermore, an increase number of patients suffering from chronic disorders such as diabetes will further boost market growth during this timeframe (2018 - 2030).
Growth Factors:
- Increasing demand for patient safety and security
- Rising prevalence of chronic diseases
- Technological advancements in patient identification wristband market
- Growing number of ambulatory surgical centers and hospitals
- Rising awareness about the benefits of patient identification wristbands
Scope Of The Report
Report Attributes
Report Details
Report Title
Patient Identification Wristband Market Research Report
By Type
Laser Wristband, Thermal Wristband, Alert Wristband, RFID Wristband, Write-on Wristband
By Application
Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Rehabilitation Centers, Long Term Care Centers
By Companies
Tekni-plex, Selig Group, Bluemay Weston Limited, B&B Cap Liners, Pres-On Corporation, Low's Capseal, Well-Pack, Tien Lik Cap Seal Sdn, Captel International, McKesson Corporation, Medline
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
153
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Patient Identification Wristband Market Report Segments:
The global Patient Identification Wristband market is segmented on the basis of:
Types
Laser Wristband, Thermal Wristband, Alert Wristband, RFID Wristband, Write-on Wristband
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Ambulatory Surgical Centers, Specialty Clinics, Rehabilitation Centers, Long Term Care Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Tekni-plex
- Selig Group
- Bluemay Weston Limited
- B&B Cap Liners
- Pres-On Corporation
- Low's Capseal
- Well-Pack
- Tien Lik Cap Seal Sdn
- Captel International
- McKesson Corporation
- Medline
Highlights of The Patient Identification Wristband Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Laser Wristband
- Thermal Wristband
- Alert Wristband
- RFID Wristband
- Write-on Wristband
- By Application:
- Hospitals
- Ambulatory Surgical Centers
- Specialty Clinics
- Rehabilitation Centers
- Long Term Care Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Patient Identification Wristband Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Patient Identification Wristband is a wristband that helps identify patients in the hospital.
Some of the major companies in the patient identification wristband market are Tekni-plex, Selig Group, Bluemay Weston Limited, B&B Cap Liners, Pres-On Corporation, Low's Capseal, Well-Pack, Tien Lik Cap Seal Sdn, Captel International, McKesson Corporation, Medline.
The patient identification wristband market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Patient Identification Wristband Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Patient Identification Wristband Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Patient Identification Wristband Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Patient Identification Wristband Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Patient Identification Wristband Market Size & Forecast, 2020-2028
4.5.1 Patient Identification Wristband Market Size and Y-o-Y Growth
4.5.2 Patient Identification Wristband Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Laser Wristband
5.2.2 Thermal Wristband
5.2.3 Alert Wristband
5.2.4 RFID Wristband
5.2.5 Write-on Wristband
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Ambulatory Surgical Centers
6.2.3 Specialty Clinics
6.2.4 Rehabilitation Centers
6.2.5 Long Term Care Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Patient Identification Wristband Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Patient Identification Wristband Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Laser Wristband
9.6.2 Thermal Wristband
9.6.3 Alert Wristband
9.6.4 RFID Wristband
9.6.5 Write-on Wristband
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Ambulatory Surgical Centers
9.10.3 Specialty Clinics
9.10.4 Rehabilitation Centers
9.10.5 Long Term Care Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Laser Wristband
10.6.2 Thermal Wristband
10.6.3 Alert Wristband
10.6.4 RFID Wristband
10.6.5 Write-on Wristband
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Ambulatory Surgical Centers
10.10.3 Specialty Clinics
10.10.4 Rehabilitation Centers
10.10.5 Long Term Care Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Laser Wristband
11.6.2 Thermal Wristband
11.6.3 Alert Wristband
11.6.4 RFID Wristband
11.6.5 Write-on Wristband
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Ambulatory Surgical Centers
11.10.3 Specialty Clinics
11.10.4 Rehabilitation Centers
11.10.5 Long Term Care Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Laser Wristband
12.6.2 Thermal Wristband
12.6.3 Alert Wristband
12.6.4 RFID Wristband
12.6.5 Write-on Wristband
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Ambulatory Surgical Centers
12.10.3 Specialty Clinics
12.10.4 Rehabilitation Centers
12.10.5 Long Term Care Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Laser Wristband
13.6.2 Thermal Wristband
13.6.3 Alert Wristband
13.6.4 RFID Wristband
13.6.5 Write-on Wristband
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Ambulatory Surgical Centers
13.10.3 Specialty Clinics
13.10.4 Rehabilitation Centers
13.10.5 Long Term Care Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Patient Identification Wristband Market: Competitive Dashboard
14.2 Global Patient Identification Wristband Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tekni-plex
14.3.2 Selig Group
14.3.3 Bluemay Weston Limited
14.3.4 B&B Cap Liners
14.3.5 Pres-On Corporation
14.3.6 Low's Capseal
14.3.7 Well-Pack
14.3.8 Tien Lik Cap Seal Sdn
14.3.9 Captel International
14.3.10 McKesson Corporation
14.3.11 Medline
