Global Radiofrequency Identification (RFID) Market to Reach US$5.3 bn by 2020, Propelled by Growth of Healthcare Sector

ResearchMoz added Latest Research Report titled " Radiofrequency Identification (RFID) Market in Healthcare (Tags, Readers, Middleware, Printers and Cabinets) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020 " to it's Large Report database.

Radiofrequency identification (RFID) is a system based on wireless technology which utilizes radio waves for collecting data from a tag attached to an object, for various purposes like automatic identification and tracking of objects. RFID technology has been applied in various sectors such as retail, supply chain, government, and manufacturing industries. Major applications of RFID technology include assess control and asset tracking. Application of RFID technology in healthcare is rather restricted and accounts for a smaller share in the overall RFID market. This report studies the RFID market exclusively for healthcare applications. Radiofrequency identification (RFID) market in healthcare has been studied from three main perspectives: RFID components, applications and geography.

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RFID components mainly include tags, readers and middleware. RFID printers and cabinets have assisted in expanding the market scope, especially in healthcare. RFID tags and readers market has been further segmented in to active and passive components. Active tags and readers have an internal power source such as battery, while passive components receive power from radio waves emitted by the tag or reader. Passive components are also studied according to frequency at which they operate. The passive RFID tags and readers market has been further segmented into low, high and ultrahigh frequency. Passive RFID technology dominated the RFID market with more than 70% of the market share. Radiofrequency Identification market in healthcare is expensively studied from the point of view of applications. The segments include equipment tracking, people identification and tracking, medical report, sample and blood transfer monitoring, medicine tracking, and supply chain. Increasing incidences of medical devices theft, drug counterfeiting and increasing need of effective supply chain management due to increased patient visits at hospitals are main drivers of the market. From the point of view of geography, the market has been segmented into North America, Europe, Asia-Pacific and Rest of the World. Each of these geographies is further divided according to application areas, while also giving overall scenario of RFID Components market for each geographical region.

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Table of Contents

Chapter 1 Introduction
1.1 Report Description
1.2 Market Segmentation
1.3 Research Methodology
1.3.1 Secondary Research
1.3.2 Primary Research
1.4 List of Abbreviations
1.5 Assumptions and Stipulations

Chapter 2 Executive Summary

Chapter 3 Global RFID Market in Healthcare, Market Overview
3.1 Introduction
3.2 Regulatory Scenario
3.3 Market Dynamics
3.3.1 Drivers
3.3.1.1 Effective management of counterfeit drugs through RFID driving the market
3.3.1.2 Major Drug Counterfeit Events
3.3.1.3 Increased operational efficiency in hospitals favours RFID acceptance
3.3.2 Restraints
3.3.2.1 Low awareness restraining effective market penetration
3.3.2.2 Installed base of barcode systems delaying RFID market growth
3.3.3 Opportunities
3.3.3.1 Chinese manufacturers offer low cost original equipment manufacturing (OEM) services
3.3.3.2 Huge scope for development of immature RFID technology in healthcare

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