Global Radio Frequency Identification (RFID) Market in Healthcare: Overview
The global RFID market in healthcare is envisioned to take advantage of the mushrooming applications of high-tech systems such as internet of things (IoT), sensor networks, and real-time location system (RTLS). Vendors could focus on pivotal opportunities such as efficient memory usage, pre-printed tags, and hybrid systems. Other factors such as the rise of printed and semi-passive tags, integration of RF devices in communication systems, and sparked development of ultra-high frequency (UHF) technology could also play a major role in the growth of the market.
The global RFID market in healthcare could be segregated according to application and component, where each segment is carefully analyzed for readers to find vital opportunities about to take shape in the coming years.
The report provides a critical analysis of the global RFID market in healthcare with special focus on important aspects such as competitive landscape, segmentation, and growth.
Global Radio Frequency Identification (RFID) Market in Healthcare: Trends and Opportunities
The world RFID market in healthcare is foretold to gain impetus on the back of a high demand from key end users such as distribution channels, pharmaceutical firms, and hospitals. RFID in healthcare could be used for various applications such as supply chain, medicine tracking, blood transfer monitoring, medical report monitoring, people tracking and identification, and equipment tracking. However, in comparison with barcode technology, RFID in healthcare could see a slack in demand due to larger expenditure. Barcode technology is considerably popular across the world because of its easy and cost-effective operation and implementation.
However, technological developments accredited for improving product life cycle and making the RFID market more dynamic are anticipated to create promising opportunities for players. Hospitals, where there is continuous locating and tracking of medical devices, could witness an increased usage of miniaturized tags which bring convenience to asset tracking.
Global Radio Frequency Identification (RFID) Market in Healthcare: Geographical Analysis
Among various regions of the international RFID market in healthcare, North America is prophesied to standout in the near future. Some of the crucial reasons for the leading growth in North America could be the rising requirement of a more effective supply chain management system and increasing occurrence of drug counterfeiting. Other factors such as medical device thefts giving rise to increasing scrutiny and the presence of a significant count of tiers 1 and 2 hospitals are predicted to support the regional growth of North America.
However, vendors operating in North America and Europe could face a neck-and-neck competition with China alone in Asia Pacific due to the constant increase in the number of RFID components suppliers. The country is said to develop as a home to original equipment manufacturers (OEM) offering low-cost RFID components. It is also recognized as a larger supplier of high frequency (HF) and UHF RFID tags.
Global Radio Frequency Identification (RFID) Market in Healthcare: Companies Mentioned
The worldwide RFID market in healthcare is envisaged to exhibit a telling degree of fragmentation. However, with the course of time, it could adopt a more consolidated nature owing to a swelling count of takeovers and acquisitions expected to be witnessed in the foreseeable future. Fine instances to follow could be Zebra Technologies buying the enterprise business of Motorola Solutions and Intermec overtaken by Honeywell International Inc. The market could include powerful names in the industry such as CAEN RFID, Applied Wireless Identifications Group, and Alien Technology.
Global Radio Frequency Identification (RFID) Market in Healthcare: Component
Global Radio Frequency Identification (RFID) Market in Healthcare: Application
- Equipment Tracking
- People Identification and Tracking
- Medical Report, Samples, and Blood Transfer Tracking
- Medicine Tracking
- Supply Chain
Global Radio Frequency Identification (RFID) Market in Healthcare: Region
- North America
- Asia Pacific
- Rest of the World