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17.5% CAGR of growth in the Near Field Communications Market during the forecast period, 2018 to 2023| Key Vendors - QUALCOMM, SONY, TEXAS INSTRUMENTS, IMPAK HEALTH NEDAP, GENTAG, OMRON HEALTHCARE, QOLPAC, amongst others
Market Analysis:North America to Dominate the Market
North America dominated the near-field communications in healthcare market due to the demand of NFC-enabled devices. Also, the increased volume of mobile/contactless payments and increasing demand for home based monitoring is driving the market.
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Driving the push toward utilizing smartphones in healthcare settings, is the refinement of NFC. NFC is a short-range, wireless connection standard that allows devices to communicate when they’re simply brought within a few inches of each other. NFC is an extremely simple and convenient technology, as data exchange can be done by just bringing two NFC enabled devices together. NFC-assisted mobile health monitoring, which applies to the prevailing mobile communication methods and cloud, to provide feedback decision support, has been considered a revolutionary approach to improving the quality of healthcare service, while lowering healthcare cost. Rise in near field communication enabled communication systems which is the innovative technology that makes secure transactions and exchanged digital content by mobile. Additionally, growth of the home healthcare and remote patient monitoring equipment and decreasing cost of this technology.
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Market Segments:
Near Field Communications Market is segmented by:
1. OPERATING MODE: READER/ WRITER MODE, CARD EMULATION MODE, PEER-TO-PEER MODE
2. APPLICATION: MEDICAL DEVICES, PAYMENT, IDENTITY AND ACCESS TOKENS, SOCIAL NETWORKING, OTHERS
3. END USER: HEALTHCARE ORGANIZATION, PHARMACEUTICALS, BIOTECHNOLOGY, OTHERS
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa
Key developments in the market
• June 2017: Agreement between Qualcomm and Lifescan Inc. a Johnson & Johnson Diabetes Care Company to capture the data from the diabetic patient from the Lifescan’s One Touch Verio Flex blood glucose meter and transfer it to the physicians.
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