A new report from Grand View Research predicts that the Healthcare Automatic Identification and Data Capture (AIDC) market, transformed by biometric and RFID technologies, will grow at a CAGR of 22.3% to reach $62 billion by 2028, reports Find Biometrics.

Much of that growth can be attributed to the rising demand for RFID tools that make it easier for hospitals, pharmacies, and other healthcare organizations to track their valuable inventory. The technology makes medical supply chains safer and more efficient, and also helps facilities to comply with any hardware security requirements for scanners, card readers, and other systems. Grand View noted that such regulations are increasingly common, and that those government policies will help drive the Healthcare AIDC market moving forward.

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