Analysis of the Global Radio-frequency Identification (RFID) Market in Healthcare and Hospital Care, Forecast to 2023

Electronics and SensorsAnalysis of the Global Radio-frequency Identification (RFID) Market in Healthcare and Hospital Care, Forecast to 2023

Enhancing Operational Efficiency and Reducing Costs Key to RFID Adoption in Healthcare

RELEASE DATE
16-Jul-2019
REGION
Global
Deliverable Type
Market Research
Research Code: K341-01-00-00-00
SKU: ES01109-GL-MR_23387
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$4,950.00
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SKU
ES01109-GL-MR_23387

Analysis of the Global Radio-frequency Identification (RFID) Market in Healthcare and Hospital Care, Forecast to 2023
Published on: 16-Jul-2019 | SKU: ES01109-GL-MR_23387

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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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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.--BEGIN PROMO--

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

More Information
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