Press release
Global Radiofrequency Identification (RFID) Market in Healthcare Set to Surge to US$ 2.6 Billion by 2031: Transparency Market Research
The Global Radiofrequency Identification (RFID) Market in healthcare, valued at over US$ 961.06 million in 2020, is projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2031, reaching an estimated value of US$ 2.6 billion by the end of the forecast period. RFID technology is revolutionizing the healthcare sector, playing a crucial role in patient care, asset management, and inventory control.Download Sample PDF from Here- https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=413&utm_source=Openpr_Amit&utm_medium=Openpr
Analysts' Insights on the RFID Market in Healthcare
Radiofrequency identification (RFID) has emerged as a game-changing technology in the healthcare industry. The technology helps hospitals and medical facilities monitor and track equipment, patients, and vital supplies, offering a seamless solution to managing large volumes of data and resources. According to industry experts, the growing demand for patient tracking, asset management, and inventory control within healthcare facilities, combined with the rise in telemedicine and advanced diagnostics, is a driving force behind the rapid growth of the global RFID market in healthcare.
Companies operating in this sector are focused on product development and seizing new revenue opportunities to gain a competitive edge, as the need for efficient asset management and error-free diagnostics grows.
Identification and Tracking at the Forefront of Healthcare
RFID technology is now a priority in the healthcare industry, where it is used to track medical equipment, devices, machinery, and healthcare aids. The increasing need to test and track biological samples like blood and urine has driven the market's growth. The technology is used for asset management, patient tracking, pharmaceutical counterfeiting prevention, and drug inventory management.
RFID provides a cost-efficient and highly accurate way to handle the extensive assets in medical facilities, improving patient experiences and offering healthcare providers a powerful tool to manage resources effectively.
Access Full Report from Here - https://www.transparencymarketresearch.com/rfid-in-healthcare.html
Rising Demand for RFID in Pharmaceutical Inventory Management
The pharmaceutical sector has seen a growing demand for RFID technology to improve inventory management. The constant flow of pharmaceutical drugs from warehouses to pharmacies worldwide highlights the need for real-time stock-level information to optimize supply chain operations. RFID offers improved visibility and traceability of pharmaceutical products, helping to manage expiration dates, prevent counterfeits, and enhance overall safety.
The application of RFID in inventory management has streamlined operations, increasing customer service efficiency while reducing risks associated with product expiration and counterfeiting.
North America Leading the RFID Market in Healthcare
North America is expected to hold the largest market share in the global RFID healthcare market, driven by advancements in healthcare technologies, growing healthcare expenditures, and the proliferation of healthcare institutes. The region's pharmaceutical industry, in particular, has experienced significant growth in RFID applications, from tracking prescriptions for clinical trials to ensuring batch traceability and managing inventory
Healthcare providers across the region are increasingly using RFID to improve patient safety, automate diagnostics, and ensure the accurate tracking of medications. With rapid developments in disease diagnostics and treatments, North America continues to be a hotspot for RFID adoption in healthcare.
RFID Technology's Impact on Healthcare Operations
As RFID technology continues to evolve, its impact on healthcare operations is undeniable. The system's ability to automate data collection, track assets in real-time, and manage pharmaceutical inventory has created numerous value-grab opportunities for market players.
From hospitals to clinical laboratories, RFID has found extensive applications in patient monitoring, sample tracking, and asset management, further proving its cost-effective and highly efficient capabilities. These technological advancements are poised to support the growing demand for efficient healthcare operations worldwide.
Competitive Landscape
Key players in the global RFID market in healthcare include Alien Technology, Applied Wireless Inc., Avery Dennison Corporation, Honeywell International Inc., and Motorola Solutions, Inc., among others. These companies are actively working on product innovations and expanding their offerings to meet the rising demands of healthcare institutions.
The adoption of RFID technology is expected to continue its upward trend, as healthcare providers around the world seek cost-effective solutions to improve patient care and streamline their operations.
For further insights into the global radiofrequency identification (RFID) market in healthcare, access the full report today.
Click Here to Purchase this Comprehensive Insights Report @: https://www.transparencymarketresearch.com/checkout.php?rep_id=413<ype=S&utm_source=Openpr_Amit&utm_medium=Openpr
More Trending Reports-
Battery Management System Market: https://www.transparencymarketresearch.com/battery-management-system-market.html
CMP Slurry Market: https://www.transparencymarketresearch.com/cmp-slurry-market.html
About Us Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision-makers, made possible by experienced teams of Analysts, Researchers, and Consultants. The proprietary data sources and various tools & techniques we use always reflect the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in all of its business reports.
Contact Us:
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website: https://www.transparencymarketresearch.com
Email: sales@transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Radiofrequency Identification (RFID) Market in Healthcare Set to Surge to US$ 2.6 Billion by 2031: Transparency Market Research here
News-ID: 3705246 • Views: …
More Releases from Transparency Market Research
Global SiC Ceramics Market Poised for Robust Growth, Projected to Reach USD 3.1 …
The global silicon carbide (SiC) ceramics market continues to demonstrate strong growth potential, underpinned by accelerating demand from advanced industrial and electronic applications. Valued at US$ 1.8 Billion in 2024, the market is projected to reach US$ 3.1 Billion by 2035, expanding at a compound annual growth rate (CAGR) of 5.2% during the forecast period from 2025 to 2035. This steady expansion reflects the increasing importance of SiC ceramics as…
Furfuryl Alcohol Market to Reach USD 1.34 Billion by 2035, Supported by Rising D …
The global Furfuryl Alcohol Market was valued at US$ 624.3 million in 2024 and is projected to reach US$ 1,341.2 million by 2035, expanding at a compound annual growth rate (CAGR) of 7.2% from 2025 to 2035.
This growth is primarily driven by the rising demand for bio-based and sustainable chemicals, along with the steady expansion of the foundry and metal casting industry, particularly across emerging economies in Asia Pacific.
Gain a…
Air-Entraining Agents Market Outlook 2035: Forecast to Reach US$ 2.48 Billion by …
The global Air-Entraining Agents (AEAs) Market was valued at US$ 1.70 billion in 2024 and is projected to reach US$ 2.48 billion by 2035, expanding at a compound annual growth rate (CAGR) of 3.5% from 2025 to 2035. This steady growth trajectory reflects the essential role AEAs play in modern concrete formulations, particularly in infrastructure projects that demand long-term durability, freeze-thaw resistance, and improved workability.
Despite being a mature segment within…
A2P SMS Market Outlook 2035: Expanding from US$ 71.2 Bn in 2024 to US$ 117.0 Bn …
The global Application-to-Person (A2P) SMS market is entering a phase of steady and resilient expansion, driven by the growing need for secure, reliable, and real-time communication between enterprises and consumers. Valued at US$ 71.2 Bn in 2024, the market is projected to reach US$ 117.0 Bn by 2035, expanding at a CAGR of 4.2% from 2025 to 2035. Despite the rise of internet-based messaging platforms, A2P SMS continues to maintain…
More Releases for RFID
RFID Tags For Asset Tracking Market Exceptional Business Performance | Vizinex R …
As the global economy recovers in 2021 and the supply of the industrial chain improves, the RFID Tags For Asset Tracking market will undergo major changes. The latest research shows that the RFID Tags For Asset Tracking industry market size will be million US dollars in 2021, and will grow to million US dollars in 2028, with an average annual growth rate of %.
The global RFID Tags For Asset Tracking…
RFID Readers Market Growth by 2027 | Fixed RFID Readers, Integrated RFID Readers …
Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands…
Global RFID Tag Chips Market by Type, HF RFID Chip, UHF RFID Chip, LF RFID Chip, …
This study report Global RFID Tag Chips Market, the analyst provides growth estimates, forecasts, and an in-depth analysis of all key factors at play in the Market. The report takes into account the micro and macro factors that are likely to impact the growth trajectory of the Market. The study further presents details on the investments initiated by several organizations, institutions, government, and non-government bodies.
The report investigates and analyzes the…
RFID Equipment Market - The Rising Application of RFID In Healthcare RFID Techno …
The applications of Radio Frequency Identification (RFID) have widened in the healthcare industry, ranging from tracking medical equipment, patient identification and blood transfer monitoring to tracking the path of medication from pharmacy to the patient. Due to this, the RFID equipment market has witnessed a high growth rate over the years.
Providing clients with in-depth analysis and competitive intelligence, the research report evaluates the RFID equipment market and all…
RFID Tag Chip Market: By Applications - HF RFID Tags, UHF RFID Tags, LF RFID Tag …
Latest industry research report on: Global and United States RFID Tag Chip Market | Industry Size, Share, Research, Reviews, Analysis, Strategies, Demand, Growth, Segmentation, Parameters, Forecasts
Request For Sample Report @ https://www.marketresearchreports.biz/sample/sample/1227953
This report studies the RFID Tag Chip market status and outlook of global and United States, from angles of players, regions, product types and end industries; this report analyzes the top players in global and United States market, and splits…
rfid clear tag for rfid inventory (gyrfidstore)
RFID Disc Tags are widely used for inventory tracking system or Automatic production systems. The RFID Disc Tag can also work on metal surface with anti-metal layer on it, also can be attached to goods surface by adhesive layer. There are abundant size options from 12mm to 50mm. GYRFID presents several types with different material and size to suitable customer’s application.
DIP Series- PVC Disc Tag, PVC Laminated, thickness of 1.0-1.2mm
DIT…
