RFID in the healthcare market
is expected to witness significant growth and reach over USD 3.89 billion over
the next seven years owing to major factors such as growing utilization in
patient & product tracking. Technological advancements including the development
of new products namely TexTrace RFID tag and Smart Face Technology are expected
to fuel demand. Furthermore, improving efficiency of inventory accuracy and
supply chain is expected to result in an increase in adoption level of the
product in healthcare during the next seven years
According to the information
published by the National Institutes of Health in 2013, approximately 98,000
deaths occur in hospitals due to medical faults each year. Increasing
requirement of efficient medical devices worldwide is expected to impel the
development of the product in healthcare market from 2015 to 2022
Increasing demand for these
systems in automated pharmaceutical distribution, point of care solutions and
electronic medical records is expected to spur demand. This can be attributed
to benefits relating to patient-centric applications that employ passive RFID
in stationery mobiles and devices.
Development and use of improved
technological solutions such as multi-resonator based chip-less RFID tags are
expected to have a positive impact on the growth over the forecast period.
Continuous research and development initiatives by non-profit organizations
including Health Industry Business Communications Council (HIBCC) is a major
driving factor for growth.
The market is segmented on the
basis of product into RFID tags and systems. Further, they are fragmented on
the basis of application as blood monitoring and patient & pharmaceutical
tracking. Blood monitoring systems are expected to gain prominence owing to increasing
concern for inventory management of blood products over the forecast period.
In 2014, North America occupied
the significant share of approximately 39.0% on account of growing number of
collaborations between non-profit research organizations, medical device
industry and regulatory bodies and availability to sophisticated healthcare
infrastructure. Further, rising expenditure in the healthcare industry is
projected to fuel the market over the next seven years.
In depth research report on RFID in Healthcare Market
The market is estimated to
witness growth owing to development in usage rates of these systems and
improving healthcare infrastructure. Also, economic growth developing countries
including India, South Korea, and China is expected to propel demand over the
forecast period. Asia Pacific is likely to be one of the most lucrative
markets, growing at over 25.0% from 2015 to 2022. Furthermore, rising distress
for tracking expensive medical devices and patient safety are expected to be
the key factors attributing to increase in demand in the region
Key participants include Terso
Solutions Inc., Dolphin RFID, SpaceCode Technologies, Smartrac NV, GAO RFID,
CAEN RFID, Zebra and Alien Technology and Motorola. Continuous deployment of
advanced approaches in unique product development, are among the major
strategies adopted by these players.
Grand View Research has
segmented the RFID in healthcare market on the basis of product, and region:
RFID in Healthcare Product Outlook (Revenue, USD Million,
2014 - 2022)
·
Systems
·
Asset Tracking Systems
·
Pharmaceutical Tracking Systems
·
Patient Tracking Systems
·
Blood Monitoring Systems
·
Tags
·
Asset Tracking Tags
·
Pharmaceutical Tracking Tags
·
Patient Tracking Tags
·
Blood Monitoring Tags
RFID in Healthcare Regional Outlook (Revenue, USD Million,
2014 - 2022)
·
North America
·
U.S.
·
Canada
·
Europe
·
Germany
·
UK
·
Asia Pacific
·
China
·
Japan
·
India
·
Latin America
·
Brazil
·
Mexico
·
MEA
·
South Africa
Browse more research reports of this category:
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
No comments:
Post a Comment