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Enhancing Operational Efficiency and Reducing Costs Key to RFID Adoption in Healthcare
16-Jul-2019
Global
Market Research
K341-01-00-00-00
ES01109-GL-MR_23387
This research analyzes the global trends in the radio-frequency Identification (RFID) market in healthcare. The global RFID market in the healthcare industry is witnessing a period of dynamic growth, with the caregivers focused more on enhancing operational efficiency by improving asset availability, inventory management, and personnel tracking. Caregivers are looking to improve user experience within the hospital premise and are looking to leverage technologies such as RFID and Bluetooth low-energy (BLE) for the same. As healthcare costs are high in several countries, caregivers are focused on reducing costs and using technology to aid the same. Connected healthcare is a trend that is expected to drive the demand for RFID technology across different applications. The market has been analyzed mainly from a product perspective through three segments including tags, readers, and middleware.
Research Highlights
The study provides the overall market size for 2018 and a revenue breakdown by product, geography, and applications. Applications include, asset tracking, patient & staff tracking, inventory management, hygiene tracking, and environmental tracking. The study focuses on the various market dynamics, challenges, Mega Trends, market trends, product analysis, and other factors that are likely to drive the market growth. The base year of the study is 2018, with forecasts up to 2023. It provides an analysis of the competitive landscape with market shares (only at the global level) and SWOT analysis of top companies. The research, however, does not provide information on the unit shipment. It will present key market participants with business intelligence to help them understand the future of the RFID market in healthcare. The regions included as a part of the study are North America (NA), Latin America (LA), Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC).
From a technology perspective, active technology will continue to be the dominant technology being deployed in hospitals with a focus on Wi-Fi RTLS, IR RTLS, and ultrasound RTLS. Additionally, the rise of BLE-based location services is also attracting interest among caregivers. From a regional standpoint, North America is the largest contributor to the RFID market in the healthcare industry owing to the growing awareness about RFID technology and the related benefits among caregivers. With increasing emphasis on the user experience, caregivers are deploying technologies such as RFID, RTLS, and BLE. Caregivers are looking at combining data obtained from the RFID hardware and feeding it to artificial intelligence–powered data analytics engines to provide them with meaningful insights that enable better services being offered.
Author: Ram Ravi
Key Findings
Market Engineering Measurements
Market Engineering Measurements (continued)
CEO’s Perspective
Market Definitions
Key Questions this Study will Answer
Market Segmentation
Market Distribution Channels
Market Drivers
Drivers Explained
Drivers Explained (continued)
Drivers Explained (continued)
Drivers Explained (continued)
Market Restraints
Restraints Explained
Restraints Explained (continued)
Restraints Explained (continued)
Market Engineering Measurements
Market Engineering Measurements (continued)
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Applications
Revenue Forecast Discussion by Applications
Market Share
Market Share Analysis
Competitive Environment
Top Competitors
Product Highlights
Competitive Factors and Assessment
Transformation in RFID Market in Healthcare and Hospital Care Industry Ecosystem—2018
Growth Opportunity 1—Blockchain
Growth Opportunity 2—AI
Growth Opportunity 3—Big Data Analytics
Strategic Imperatives for Success and Growth
Impact of Industry Mega Trends on the RFID Market in Healthcare and Hospital Care
Impact of Industry Mega Trends on the RFID Market in Healthcare and Hospital Care (continued)
Mega Trend Impact on the RFID Market in Healthcare and Hospital Care
AI Mega Trend Explained
Blockchain Mega Trend Explained
Big Data Analytics Mega Trend Explained
Tags Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Readers Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Middleware Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion
Key Findings
Revenue Forecast
Revenue Forecast Discussion
Key Findings
Revenue Forecast
Revenue Forecast Discussion
EMEA Key Findings
Revenue Forecast
Revenue Forecast Discussion
APAC Key Findings
Revenue Forecast
Revenue Forecast Discussion
The Last Word—3 Big Predictions
Legal Disclaimer
Market Engineering Methodology
Abbreviations and Acronyms Used
Additional Sources of Information on Study Topic
Partial List of Companies
Learn More—Next Steps
List of Exhibits
List of Exhibits (continued)
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Research Highlights
The study provides the overall market size for 2018 and a revenue breakdown by product, geography, and applications. Applications include, asset tracking, patient & staff tracking, inventory management, hygiene tracking, and environmental tracking. The study focuses on the various market dynamics, challenges, Mega Trends, market trends, product analysis, and other factors that are likely to drive the market growth. The base year of the study is 2018, with forecasts up to 2023. It provides an analysis of the competitive landscape with market shares (only at the global level) and SWOT analysis of top companies. The research, however, does not provide information on the unit shipment. It will present key market participants with business intelligence to help them understand the future of the RFID market in healthcare. The regions included as a part of the study are North America (NA), Latin America (LA), Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC).
From a technology perspective, active technology will continue to be the dominant technology being deployed in hospitals with a focus on Wi-Fi RTLS, IR RTLS, and ultrasound RTLS. Additionally, the rise of BLE-based location services is also attracting interest among caregivers. From a regional standpoint, North America is the largest contributor to the RFID market in the healthcare industry owing to the growing awareness about RFID technology and the related benefits among caregivers. With increasing emphasis on the user experience, caregivers are deploying technologies such as RFID, RTLS, and BLE. Caregivers are looking at combining data obtained from the RFID hardware and feeding it to artificial intelligence–powered data analytics engines to provide them with meaningful insights that enable better services being offered.
Author: Ram Ravi
| Deliverable Type | Market Research |
|---|---|
| No Index | No |
| Podcast | No |
| Author | Ram Ravi |
| Industries | Electronics and Sensors |
| WIP Number | K341-01-00-00-00 |
| Is Prebook | No |
| GPS Codes | 9201-A3,9592,99F3-A3,9B07-C1 |
Analysis of the Global Radio-frequency Identification (RFID) Market in Healthcare and Hospital Care, Forecast to 2023
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