Press release
RFID Smart Cabinet Market Industry Trends, Segmentation, Sales Revenue by 2027 - Sato Vicinity, Grifols, Skytron, Palex Medical
The “RFID Smart Cabinet” report provides details on the latest recent developments, trade regulations, import-export analysis, analysis of production, value chain optimization, market share, impact of players on the national and localized market, analysis of opportunities in terms of emerging income pockets, changes in market regulations, strategic analysis of the market growth, market size, market growth of categories, application and domain niches, product approvals, product launches, geographic expansions, technological innovations in the market.“The RFID Smart Cabinet Market is predicted to register a CAGR of 11.63% over the forecast period 2021 – 2027.”
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Market Overview
The growing stringency in the pharmaceutical sector with regard to medicine labelling is the major driver for the introduction of RFID in this market. Manufacturers operating in the European Union have been adding unique identification numbers to the outer packaging of all prescription drugs and equipping containers with tamperproof seals starting February 2019.
The stricter government policy in quality assurance in the healthcare sector indirectly assists the RFID market and creates an opportunity for the new entrants in the market. For instance, the government of India released the National Health Policy (NHP) 2017 to serve as a guiding document for the policymakers in the achievement of India's national goals and international commitments. The capital requirements are moderate, making it competitive for the businesses to quit easily.
This report Provides intelligent marketing research for smarter decision-making and resource investment estimation. The report discusses these elements and describes the main players that are expected to extend the demand for the RFID Smart Cabinet market within the upcoming years.
RFID Smart Cabinet market report introduces some features and provides a basic view of the most players. In this report provides a comprehensive and in-depth review of the market. The players are likewise presenting newer product varieties within the market to reinforce the merchandise portfolio by embracing the new innovation and completing it in their business.
The RFID Smart Cabinet market is often split supported product types, major applications, and important countries as follows:
Key Competitors of the RFID Smart Cabinet market is: LogiTag Systems, Mobile Aspects, Terson Solutions, Cardinal Health (WaveMark), Sato Vicinity, Grifols, Skytron, Palex Medical, Nexess, Nation RFID, Shanghai Kakashine Technology
Major Types covered are:
Medical RFID Smart Cabinet
Food RFID Smart Cabinet
Others
Major Applications covered are:
Hospital
Retail Store
Others
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Key Market Trends
Asset Tracking Using RFID Holds a Significant Market Share Among All Other Applications
Manually managing hospital assets, which include medical equipment, surgical equipment, data charts, etc., becomes tedious, especially during emergencies.
Moreover, according to the World Health Organization estimates, one million people each year from counterfeit medicines.
Therefore, with RFID asset tracking solutions, hospitals are able to save significant time and even costs, as they are able to curb theft and losses to a significant extent.
North America leads when it comes to the highest number of counterfeits concerning pharmaceuticals, followed by Asia.
Regional market RFID Smart Cabinet (regional production, demand and forecast by country):
North America to Witness the Fastest Growth.
Most physicians in North America believe that digital health has robust potential in terms of improving patient care and thus are actively adopting digital solutions in their practices.
The North York General Hospital is the first hospital in Canada to leverage RFID medication management solution, to enhance accuracy and efficiency within its pharmacy operations
North America (United States, Canada, Mexico)
South America (Brazil, Argentina, Ecuador, Chile)
Asia Pacific (China, Japan, India, Korea)
Europe (Germany, UK, France, Italy)
Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) And more.
The inquire approximately record considers the past, display, and destiny execution of the global market. The record advances investigations the display aggressive situation, most important trade models, and consequently the possibly headways in services with the aid of using crucial gamers inside the upcoming years.
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Competitive Landscape
April 2019 - Alien Technology announced the Higgs-9 IC, the first release of its next-generation of Higgs RFID semiconductor integrated circuits. It enables enterprise-critical applications to run faster, smarter, and with quicker ROI in RFID deployments.
January 2019 - Smartrac NV introduced Eagle, an all-new RAIN RFID product line whose top read range and state-of-the-art UCODE® 8 chip by NXP make it a superior choice for global retail applications.
Report Features:
To project the worth and sales volume of the RFID Smart Cabinet market, with reference to key regions.
To analyses competitive developments like expansions, agreements, new product launches, and acquisitions within the market.
To study and analyses the global RFID Smart Cabinet market size (value & volume) by company, key regions, products, and end-user, breakdown data from The Last Five Years, and forecast to 2027.
to know the structure of the RFID Smart Cabinet market by identifying its various sub-segments.
To percentage targeted records approximately the important thing elements influencing the enlargement of the market (increase potential, opportunities, industry-particular challenges, and risks).
Report Customization:
The Global RFID Smart Cabinet Market report may be modified to meet your specific business needs. Because we understand what our clients want, we offer 25% customization for any of our MarketIntelligenceData reports at no additional cost to all or any of our clients.
Contact Us:
Irfan Tamboli (Head of Sales) – MARKET INTELLIGENCE DATA
Phone: +1 (704) 266-3234
Mail to: sales@marketintelligencedata.com
About Us:
Market intelligence data could also be a worldwide front-runner within the research industry, offering contextual and data-driven research services to customers. Customers are supported in developing commercial enterprise plans and reaching long-time period achievement of their respective marketplaces through the organization. The enterprise offers consulting services, Market Intelligence Data , and customized reports.
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