Press release
RFID Smart Cabinets Market Trends, Company Share To 2020: Grand View Research, Inc.
Browse full research report on Global RFID Smart Cabinets Market: http://www.grandviewresearch.com/industry-analysis/rfid-industry
Growing adoption rates of healthcare information technologies and the entry of private healthcare establishments into emerging markets such as India, China, Brazil and Argentina is also expected to drive market growth over the next six years. The implementation of healthcare reforms such as the 12th Five Year Plan in China aimed at providing healthcare to all its citizens via healthcare infrastructure strengthening and other regulatory initiatives are expected to be critical for market development over the next six years.
Further Key findings from the study suggest:
• Asia Pacific and the Latin American RFID smart cabinets market are expected to be two of the fastest growing regional markets during the forecast period, at an estimated CAGR of 13.3% and 12.5% from 2014 to 2020, respectively. Rapid rise in RFID technology adoption by healthcare institutions induced by recent economic developments is the most important factor responsible for such high growth rates in these regions.
• North America dominated the global RFID smart cabinet demand in 2013, on account of the high usage rates of these cabinets in the U.S. The North America RFID smart cabinets market was estimated at USD 193.6 million in 2013, and was dominated by the U.S. in terms of revenue share at over 80%.
• RFID smart cabinets market is dominated by regional market players competing on the basis of technology and price. Some of the major market participants of the RFID smart cabinets market include WaveMark, Terson Solutions, Solstice Medical, Mobile Aspects Inc., LogiTag, Tagsys and others.
For the purpose of this study, Grand View Research has segmented the global RFID smart cabinets market on the basis of region:
• RFID Smart Cabinets Regional Outlook (Revenue, USD Million; 2012-2020)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Belgium
• Poland
• Netherlands
• Spain
• Germany
• U.K.
• France
• Latin America
• Brazil
• Argentina
• Chile
• Asia Pacific
• China
• India
• Japan
• Australia
• RoW
Regional coverage of the database includes:
• North America
• Latin America
• Europe
• Asia Pacific
• RoW
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Web: www.grandviewresearch.com
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