RFID in Healthcare Market: Pin-Point Analysis for Changing Competitive Dynamics

Radio-Frequency Identification (RFID) uses radio waves to read and capture information stored on a tag attached to an object. The tag can be read from several feet distance and it does not need to be in direct line-of-sight of the reader. RFID technology is used in patient safety, supply chain applications, and in quality assurance applications. The technology can be deployed in hospitals and clinics to improve patient flow, reduce medial errors, improve asset utilization rates, and manage inventories & implants, among others.

The insight Partners Research has recently added a concise research on the Global RFID in Healthcare Market – Industry Trends and Forecast to 2027. A reliable Global RFID in Healthcare Market report contains market data that can be relatively essential when it comes to dominate in the industry or make a mark in the market as a new emergent. It also strategically analyses the growth trends and future prospects. Moreover, this winning market report also provides strategic profiling of top players in the industry, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. The report gives details about the top players and brands that are driving the market. A wide-ranging research report acts as a backbone for the success of business in any sector.

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Key Market Competitors: Global RFID in Healthcare Market:
• 3M
• Hitachi, Ltd.
• NewAge Industries, Inc.
• AAID Security Solutions, Inc.
• Motorola Mobility LLC
• IBM
• Siemens AG
• ACC Systems Incorporated
• BearingPoint
• AMERICAN RFID SOLUTIONS, LLC

Improvement of inventory management in hospitals, pharmacies, & biotechnology companies, low-cost and high efficiency of the RFID systems, patient safety by healthcare providers, and adoption of automated process in hospitals & pharmacies is expected to drive the growth of the market. Moreover, government policies to refine tracking system for medical devices and biological products is expected to provide opportunity for the growth of RFID in Healthcare market during the forecast period.

The RFID in healthcare market is segmented based on product as, tags, readers, printers, and software. On the basis of application the RFID in Healthcare market is segmented into monitoring and tracking. Based on the end user, the market is segmented as hospitals, and pharmaceutical & biotechnology companies.

The RFID in Healthcare Market is anticipated to grow with a significant rate in the coming years, owing to factors such as increasing ageing population, rising prevalence of chronic diseases, up surge in healthcare costs, and developments in technology. Moreover, increase of big multi-service ambulatory care centers and growth in healthcare investments offer growth opportunities in the RFID in Healthcare Market.

The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries. This report on ‘RFID in Healthcare Market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The reports also showcase market trends and forecast to 2028, factoring the impact of Covid -19 Situation.

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The “Global RFID in Healthcare Market Analysis to 2027” is a specialized and in-depth study of the medical devices industry with a focus on the global RFID in Healthcare Market trend. The report aims to provide an overview of global RFID in Healthcare Market with detailed market segmentation by type, specialty, surgery, and geography. The global RFID in Healthcare Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the RFID in Healthcare Market.

Reasons to Purchase this Report:
1. Current and future of RFID in Healthcare Market outlook in the developed and emerging markets
2. The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
3. Regions/Countries that are expected to witness the fastest growth rates during the forecast period
4. The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:
1. All segmentation provided above in this report is represented at country level
2. All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

To comprehend Global RFID in Healthcare Market dynamics in the world mainly, the worldwide RFID in Healthcare Market is analyzed across major global regions.
• North America: United States, Canada, and Mexico.
• South & Central America: Argentina, Chile, and Brazil.
• Middle East & Africa: Saudi Arabia, UAE, Turkey, Egypt and South Africa.
• Europe: UK, France, Italy, Germany, Spain, and Russia.
• Asia-Pacific: India, China, Japan, South Korea, Indonesia, Singapore, and Australia.

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