The RFID in healthcare market report demonstrates to be a very supportive answer for industry authorities planning to keep up to-date on how the business is moving and where their association stands appeared differently in relation to the RFID in healthcare market all in all. The RFID in healthcare market report likewise measures the current improvement patterns and examples alongside circulation and showcasing channels. The report shows significant item advancements and tracks late acquisitions, mergers and research in the healthcare business by the key players. The report puts light on the whole market patterns and examinations the impact of purchasers, customers, substitutes, new participants, contenders, and providers available.
Global RFID in healthcare market is set to witness a healthy CAGR of 22.75% in the forecast period of 2019- 2026. Rising demand for RFID in healthcare sector and increasing awareness about patient safety is another major factor for the growth of this market.
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This RFID in healthcare market report helps to concentrate on the significant parts of the market like what the ongoing business sector patterns are or what purchasing behaviors of the buyers are. The report contains a much progressively raised measure of knowledge with respect to RFID in healthcare industry. The report is sectioned by development, end use or territory, industry examples and progressions, future market projections, and itemized data of market individuals. On the opposite side of this, business visionaries and new organizations can utilize this RFID in healthcare report to give the free facts expected to assist their strategies and moves.
Key Market Competitors:
Few of the major competitors currently working in the global RFID in healthcare market are Alien Technology, LLC, GAO Group Inc, Honeywell International Inc, Impinj, Inc., Mobile Aspects, Inc., RF Technologies, Inc., Radianse, STID, STANLEY Healthcare, SATO HOLDINGS CORPORATION. Motorola Solutions, Inc, CAEN RFID S.r.l., NewAge Industries, Inc., IBM Corporation, Siemens, AMERICAN RFID SOLUTIONS, LLC, 3M.
Radio- frequency identification (RFID) technology is a technology which uses radio waves so that they transfer data using RFID tag which are usually connected to an object so that they can track and identify subjects. There in increasing usage of RFID technology in healthcare industry because they help the organization to save money and time and also provide accurate data related to their identification, temperature, location etc. There mainly used for application like patient tracking, asset tracking, blood tracking etc. Increasing demand for RFID from various end users will also fuel the growth of this market.
Technological advancement and development in RFID will also act as a driver for this market
Increasing healthcare expenditure is driving the market growth
Rising demand for cost efficient and better drugs among population will also propel the market growth
Increasing demand of RFID in pharmacies, hospital and biotech companies will also drive the market
Lack of awareness about RFID will restrain the market growth
Dearth of barcode system will also hamper the market
Lack of standardization will also act as a restrain for this market
Table of Contents
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview and Industry Trends
6RFID in healthcare market , By Type
7 RFID in healthcare market, By Organization Size
8 RFID in healthcare market , By Region
9 Competitive Landscape
10 Company Profiles
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Segmentation: Global RFID in Healthcare Market
- Systems& Software
- Asset Tracking
- Patient Tracking
- Pharmaceutical Tracking
- Blood Tracking
By End- User
- Research Institutes and Laboratories
- North America
- South America
- Middle East & Africa
Key Developments in the Market:
In September 2018, Barcoding Inc announced that they have acquired Danforth Systems LLC so that they can expand their RFID capabilities. These both companies will create different expertise in operations management, mobile data capture systems, RFID technology and barcoding scanner. This acquisition will help the company to provide accurate, combined, and accurate services to their customers.
In January 2017, Novanta Inc announced that they have acquired ThingMagic. This acquisition will help them to combine RFID based technologies of JADAK and ThingMagic so that Novanta can provide RFID solutions and strengthening their position in market place. This will also help them to provide improvement in workflow solutions, anti-counterfeiting, and asset tracking in a medical environment.
Global RFID in healthcare market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of RFID in healthcare market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Current and future of global RFID in healthcare market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)