Press release
Healthcare RFID Market Impact Analysis about COVID-19 Augers Well with Alien Technology, LLC., GAO Group, Honeywell International
According to Insights,the use of radio frequency identification offers numerous benefits to the healthcare more than tracking patients, their safety, efficiencies in care, and offers satisfaction to the professionals. With the growing research, RFID is anticipated to enhance patient safety. In addition, RFID also provides users, the ability to reduce various complications in healthcare. The global healthcare RFID market is estimated to be over US$ 3.5 billion in 2019. It is anticipated to grow at a CAGR of 22.0% from 2019 to 2030.Healthcare RFID has wide range of applications in healthcare sector, especially in hospitals. But radiofrequency identification (RFID) is majorly used for tracking hospital staff and patients. Lately, hospitals are using RFID in RTLS (real-time location systems) for the identification of their workflow problems. This technology is socially used when the patient needs to be moved in and out immediately and with more efficiency.
Major Players:
The prominent players in the global healthcare RFID market are Alien Technology, LLC., GAO Group, Honeywell International Inc., Impinj, Inc., Mobile Aspects, Inc., STiD RFID, Radianse, RF Technologies, Inc., STANLEY Healthcare, Solstice Medical, LLC.
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Scope of Report:
The significant growth of the market can be attributed to factors such as growing adoption of automated process in hospitals and pharmacies. High efficacy of the RFID systems for inventory management in hospitals and to improved patient safety are anticipated to boost the growth of the healthcare RFID market over the forecast period. Extensive research and development by major companies or universities across the globe to introduce healthcare RFID technology with maximum safety and precision is expected to contribute to the market expansion. In 2019, The Kingdom of Saudi Arabia, adopted RFID technology vaccination cards for Saudi children to improve vaccination process and avoid the delays and mistakes committed during vaccination.
RFID technology is also used in blood banks, laboratories, and pharmaceutical companies for better workflow management. These system enable organizations manage stock, prevent stock out, overstock situations and also enable real-time data management to prevent inventory loss & theft. Moreover, increasing demand for these systems among medical device manufacturers, pharmaceutical companies, biopharmaceutical companies, hospitals, and other life sciences companies to control inventory costs, is expected to propel the growth of healthcare RFID market.
Segments Covered
The global RFID in Healthcare Market is segmented on the basis of product type and end user.
The Global RFID in Healthcare Market by Product Type
- Asset Tracking Systems
- Blood Monitoring Systems
- Patient Tracking Systems
- Pharmaceutical Tracking Systems
The Global RFID in Healthcare Market by End User
- Hospitals
- Pharmaceutical
- Research Institutes and Laboratories
- Others
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Key Objectives of Report:
1. Comprehensive analysis of the global as well as regional markets of the Healthcare RFID Market .
2. Complete coverage of all the segments in the Healthcare RFID Market to analyze the trends, developments in the global market and forecast of market size up to 2030.
3. Comprehensive analysis of the companies operating in the global Healthcare RFID Market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and latest developments of the company.
4. Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
Table of Contents
INTRODUCTION
1. Market Definition
2. Market Classification
3. Geographic Scope
4. Years Considered for the Study: Historical Years - 2016 & 2017; Base Year - 2018; Forecasted Years - 2019 to 2030
5. Currency Used
2. RESEARCH METHODOLOGY
1. Research Framework
2. Data Collection Technique
3. Data Sources
4. Market Estimation Methodology
5. Data Validation and Triangulation
3. ABSTRACT OF THE STUDY
4. MARKET DYNAMICS ASSESMENT
1. Overview
2. Drivers
3. Barriers/Challenges
4. Opportunities
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