PUBLISHER: The Business Research Company | PRODUCT CODE: 1713615
PUBLISHER: The Business Research Company | PRODUCT CODE: 1713615
Patient identification wristbands are wearable bands that display critical patient information such as name, date of birth, and medical record number. They are used in healthcare settings to ensure accurate patient identification and to prevent medical errors. These wristbands often feature barcodes or RFID chips to facilitate easy scanning and quick access to patient records.
The main types of patient identification wristbands include laser wristbands, thermal wristbands, alert wristbands, RFID wristbands, and write-on wristbands. Laser wristbands use laser printing technology to produce clear and durable information. The materials used for these wristbands include non-tear paper, plastics, vinyl, trilaminate, Tyvek, and synthetic materials. Closure options vary and include adhesive, permanent snap, plastic closure, adjustable clasp, single post snap, and hook and loop. These wristbands cater to various age groups, including adults, pediatric patients, and infants. They are used by a range of end users such as hospitals, ambulatory surgical centers, specialty clinics, rehabilitation centers, and long-term care facilities.
The patient identification wristbands market research report is one of a series of new reports from The Business Research Company that provides patient identification wristbands market statistics, including patient identification wristbands industry global market size, regional shares, competitors with a patient identification wristbands market share, detailed patient identification wristbands market segments, market trends, and opportunities, and any further data you may need to thrive in the patient identification wristbands industry. This patient identification wristbands market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The patient identification wristbands market size has grown rapidly in recent years. It will grow from $0.58 billion in 2024 to $0.64 billion in 2025 at a compound annual growth rate (CAGR) of 10.4%. The growth in the historic period can be attributed to increasing adoption of electronic health records (EHR), rising focus on patient safety, increasing regulatory requirements for patient identification, rising incidence of medical errors, growth in patient centered care models.
The patient identification wristbands market size is expected to see rapid growth in the next few years. It will grow to $0.94 billion in 2029 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to rising demand for accurate patient identification, growth in healthcare facilities and admissions, growth in government healthcare funding, increasing automation in healthcare identification, rising chronic disease prevalence, growth in RFID and barcode technology. Major trends in the forecast period include integration with electronic health records (EHR), implementation of biometric features, adoption of color coding systems, implementation of barcoding technology, integration with mobile health apps.
The increasing frequency of surgical interventions is expected to drive the growth of the patient identification wristbands market. Surgical intervention involves using surgical procedures to address health issues, and its rising prevalence is due to advancements in medical technology, an aging population, and a growing number of chronic diseases. Patient identification wristbands play a crucial role in surgical procedures by ensuring accurate matching of patients with their medical records and surgical plans, thus minimizing errors and improving patient safety. For example, in December 2023, the Australian Institute of Health and Welfare reported 735,500 patient admissions for surgery from public hospital elective surgery waiting lists in the 2022-23 period, an 18% increase from the previous year, 2021-22. Consequently, the rising incidence of surgical interventions is fueling the demand for patient identification wristbands.
Major companies in the patient identification wristbands market are focusing on technological advancements, such as integrating radio frequency technology to improve patient tracking accuracy, data management, and error reduction in healthcare settings. The incorporation of radio frequency technology into patient identification wristbands enables wireless communication and real-time updates, enhancing overall efficiency. For example, in July 2024, SATO, a Japan-based auto-ID industry leader, introduced an ultra-high frequency (UHF) radio frequency identification (RFID) technology wristband designed for accurate and comfortable patient tracking in hospitals. Made from antimicrobial material, the wristband integrates with Sato's ct4-lx UHF printer, providing a hygienic, contactless solution that improves patient care and safety.
In February 2023, HID, a US-based manufacturer of secure identity products, acquired GuardRFID for an undisclosed amount. This acquisition allows HID to enhance its capabilities in the healthcare sector by integrating GuardRFID's real-time location system (RTLS) technology. The integration aims to boost patient and staff safety, improve asset management, and optimize healthcare facility operations, thereby strengthening HID's position in the active RFID and RTLS markets. GuardRFID, based in Canada, specializes in providing RFID wristbands for patient identification.
Major companies operating in the patient identification wristbands market are McKesson Corporation, Thermo Fisher Scientific Inc., Honeywell International Inc., Medline Industries LP, Avery Dennison Corporation, Brother Industries Ltd., Zebra Technologies Corporation, ScanSource Inc., Toshiba Tec Corporation, Sato Holdings Corporation, Datalogic SpA, TIDI Products LLC, Precision Dynamics Corporation, Invengo Technology Pte Ltd, Identification Systems Group, TAB Products Co LLC, Weldon Williams & Lick Inc., IdentiSys Inc., P3 Medical Ltd, Typenex Medical LLC, Wristco Inc., Etilux S.A., Printina Inc., Endur ID Inc., Dongguan OSRFID Technology Co. Ltd.
North America was the largest region in the patient identification wristbands market in 2024. Asia- Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the patient identification wristbands market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the patient identification wristbands market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The patient identification wristbands market consists of sales of fabric wristbands, water resistant wristbands, tamper evident wristbands, color coded wristbands, custom printed wristbands, latex free wristbands, antimicrobial wristbands, and barcode wristbands. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Patient Identification Wristbands Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on patient identification wristbands market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for patient identification wristbands ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The patient identification wristbands market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.