The growth in RFID in healthcare market over the period 2018-2025 is expected to be primarily supplemented by factors such as increasing need of patient monitoring due to increasing geriatric population, advancement of product development and increasing support by government for adoption of RFID technology.
Pune, India -- (SBWIRE) -- 05/17/2018 -- Radiofrequency identification (RFID) is a system based on wireless technology which utilizes radio waves for collecting data from a tag attached to an object, for various purposes like automatic identification and tracking of objects. RFID system comprises of three major components - tags, readers and middleware. RFID tags and readers are further subdivided into active and passive. The active RFID devices are powered by inbuilt power source while passive RFID devices derive their power from the electromagnetic waves emitted by the readers. RFID printers and cabinets have expanded the scope of application of RFID in healthcare.
The Global Radiofrequency Identification (RFID) in Healthcare Market size is estimated to grow at a CAGR of +21% During Forecast Period
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The research methodology used to estimate and forecast the Radiofrequency Identification (RFID) in Healthcare market involves a primary and a secondary research. A systematic procedure has been used to arrive at the global size of the market and present revenue of key players in the market. Accurate data has been collected by conducting extensive interviews with people holding key decision making positions in the industry such as CEOs, VPs, directors, and executives.
Top Players Profiled in this Report includes, Alien Technology, Applied Wireless Identifications Group, CAEN RFID, GAO RFID Inc., Impinj, Intermec, Invengo, Motorola Solutions (now Zebra Technologies), Sato Holdings, STiD
Rise in demand for RFID in healthcare sector for increasing operational efficiency, growing concern about drug counterfeit and safety, government initiatives, increasing need for reducing operational cost in healthcare and rise in incidence of medical device theft cases are driving the market for RFID in healthcare. In addition, a large number of applications of RFID in healthcare are driving the market for RFID in healthcare. However, lack of awareness about RFID, installed base of barcode systems and lack of standardization are some of the factors restraining the growth for global RFID in healthcare market.
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Various factors supporting the growth trend of the market have been studied in the report for a long time. The report also lists constraints that threaten global Radiofrequency Identification (RFID) in Healthcare market. It also measures vendor and buyer barriers, threats to new entrants and product alternatives, and competition in the marketplace. The impact of the latest government guidelines is also analyzed in the report. Study market trajectories between forecast periods.
The report study begins with a brief market history and then gives a comprehensive market overview. The report talks about the market dynamics – the trends that are shaping the global Radiofrequency Identification (RFID) in Healthcare market. A detailed analysis of the key market drivers and restraints are presented. In addition to this, an in-depth analysis of the challenges, threats the market faces are covered in this study. The study delivers an impact analysis of these key trends according to demography. The key regional sectors of the market are Asia Pacific, Europe, North America, and Rest of the World (RoW).
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Table of Contents
Global Radiofrequency Identification (RFID) in Healthcare Market Size, Status and Forecast to 2025
Chapter 1 Radiofrequency Identification (RFID) in Healthcare Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
Chapter 10 Marketing Strategy Analysis, Distributors/Traders
Chapter 11 Market Effect Factors Analysis
Chapter 12 Global Market Forecast