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Growing emphasis on patient safety and outcomes to drive the adoption of automatic identification & data capture technology in healthcare industry

Published On: June 22, 2017

According to the Journal of Patient Safety, around 400,000 deaths occur each year in the U.S. only. It also reveals that each year preventable adverse events (PAEs) lead to the death of 210,000-400,000 patients who seek care at a hospital. These figures make medical errors the third leading cause of death behind heart disease and cancer, according to Centers for Disease Control and Prevention statistics. According to WHO, in Europe, 8 to 12% of the patients admitted in the hospitals are misdiagnosed and leads to fatal outcomes. World Health Organization also believes that 1 in 10 hospital admissions lead to an adverse event and 1 in 300 admissions in death across the globe. Thus, there is an increasing need to reduce medical errors and adverse events in order to improve patient safety and increase health outcomes.

These medial errors can occur in any healthcare setting including hospitals, clinics, surgery centres, nursing home, and pharmacy. These errors are often caused due to lack of communication, human factor, medical complexity, and system failures. Thus, rising medical errors & related increase in healthcare expenditure across the globe are the major challenges in front of the healthcare industry across the globe. Implementation of IT systems & advanced AIDC technologies at all levels of health care can play an important role in reduction of medication errors and improved patient safety. The rising awareness & realization about the benefits of automatic identification & data capture technology and increasing government initiatives are expected to increase the adoption of automatic identification & data capture market in the healthcare industry.

Recently, Meticulous Research™ has published a comprehensive report on the “Healthcare Automatic Identification & Data Capture (AIDC) Market: Global Forecast To 2022”. According to Meticulous Research™ estimates, the global healthcare AIDC market is projected to reach USD 3,122.75 million by 2022.

The Healthcare AIDC Market study, published by Meticulous Research™, can be accessed at: Healthcare Automatic Identification & Data Capture (AIDC) Market – Global Forecast To 2022

About Meticulous Research™

Meticulous Research™ is founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicated market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Meticulous Research™ produces global reports and custom studies for North America, Europe, Latin America, Asia-Pacific, and the Middle East and Africa regions. These reports are used by our clients for marketing and strategic planning in various sectors.

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