This report helps to identify factors, which will be the driving force behind the global RFID in healthcare industry and sub-markets in the next six years. The report provides extensive analysis of the RFID industry, current market trends, industry drivers and challenges for better understanding of the global RFID in healthcare industry. The report has segregated the RFID industry in terms of technology, application and geography. Annual estimates and forecasts are provided for the period 2011 through 2018 in terms of in USD million.
Radio frequency identification (RFID) is a wireless technology becoming widely popular in various applications. RFID technology employed in healthcare settings may help in keeping track of medical staff's compliance with policies to inventories they use. Staff tracking measures is the most common application of RFID technology; however, this technology is used in number of other applications in healthcare sector.
RFID technology involves use of small 'tag' devices that radiates radio signals which are received by RFID receivers. This tag is read when it is in the range of the receiver (reader). Information is managed by a computer and it allows the user to interact with the data. As this technology does not involve data entry operations and they enhance mobile healthcare industry, this market is expected to witness significant growth in the coming few years.
With nearly two million people developing hospital acquired infections annually, hand washing compliance is emerging as one of the major application sectors for RFID devices. When the staff member approaches the soap dispenser, the RFID system will read the RFID encoded badge and record the details of the person in the system. Owing to its increasing use in healthcare industry, the global market for RFID in healthcare is expected to grow at the compounded annual growth rate of 29.6% during the forecasted period. RFID sensors are used for tracking sleep pattern of patients; RFID is also used in security applications in the healthcare and pharmaceutical industry.
Other areas (including medical documents and patient records) The research report on the global market for RFID in healthcare analyzes the RFID market based on its market segments and major geographies. Geographies analyzed under this research report include
This report provides comprehensive analysis of current market trends, market growth drivers, factors limiting market growth, market structure, and market projections for upcoming years. The report also provides analysis of recent developments in technology, Porter's five force model, and complete company profiles of top industry players. It includes review of micro and macro factors significant with respect to existing market players and new entrants with value chain analysis.
Some of the key players dominating this market are 3M, Alien Technology, Blue Vector, Hewlett-Packard, International Business Machines (IBM), Intermec Inc., Motorola, PositiveID, Solstice Medical, SupplyScape, Tagsys Inc., Versus Technology, Zebra Technologies, and others.