This report studies the RFID market exclusively for healthcare applications. Radiofrequency identification (RFID) market in healthcare has been studied from three main perspectives: RFID components, applications and geography.
Radiofrequency identification (RFID), a system based on wireless technology, utilizes radio waves to collect data from a tag that is attached to an object. RFID helps in numerous purposes such as the automatic tracking and identification of objects. Tags, middleware Dmitrij Jaskin Czech Republic Jersey , and readers are three major components of RFID. Active RFID devices are primarily powered by an inbuilt power source whereas passive RFID devices are powered by electromagnetic waves. RFID cabinets and printers have expanded the application scope of RFID in the healthcare industry. Some of the application areas of RFID technology are the retail industry, government, and supply chain and logistics.
Major application areas of RFID technology include retail industry, supply chain and logistics, and government. Healthcare Tomas Hertl Czech Republic Jersey , however, accounts for a smaller share of the overall RFID market share. Currently RFID applications in healthcare include equipment tracking, people identification and tracking, medical report and blood transfer monitoring, medicine tracking Ales Hemsky Czech Republic Jersey , and supply chain. Hospitals, pharmaceutical companies and distribution channels are the main customers for RFID technology.?
Barcode technology has been a major restraint for development of RFID market. Although RFID technology has advantages of automation and accuracy, its acceptance is impeded because of the expenditure as compared with barcode technology. This factor is strong particularly in emerging countries, wherein implementation costs are a substantial deterrent for hospitals. Cost effective and easy implementation and operation have made barcode popular across the globe.?
Technological advances have made the RFID market more dynamic, shrinking the product life cycle. Miniaturized tags have made asset tracking convenient Martin Hanzal Czech Republic Jersey , especially in hospitals where medical devices can be continuously tracked or located. RFID tags play a pivotal role in acceptance of this technology and as per unit price reduces, the overall market for RFID modules is expected to grow rapidly.?
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North America stands out as a prominent leader in the healthcare application of RFID. Large number of tier-1 and tier-2 hospitals, increasing scrutiny due to medical device theft, incidences of drug counterfeiting and need for more efficient supply chain management are other reasons driving the market growth. Impact of economic crises of 2008 has greatly impacted the growth of RFID market in the European countries. Budget cuts on healthcare sector have reduced the overall hospital expenditure. Anticipating economic recovery in the near future, the market is expected to gain momentum in the forecast period.?
China has emerged as the home for low cost RFID component OEM service providers. With consistent rise in RFID component suppliers in China Michael Frolik Czech Republic Jersey , suppliers in Europe and North America are facing tough competition in the market. China is one of the largest suppliers of UHF and HF tags.?
Key players in the market include Alien Technology, Applied Wireless Identifications Group, CAEN RFID, GAO RFID, Inc. Radek Faksa Czech Republic Jersey , Impinj, Intermec, Invengo, Motorola Solutions (now Zebra Technologies), Sato Holdings and STiD.
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