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Market Research Report

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

Published by Frost & Sullivan Product code 895836
Published Content info 100 Pages
Delivery time: 1-2 business days
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Analysis of the Global Radio-frequency Identification (RFID) Market in Healthcare and Hospital Care, Forecast to 2023
Published: July 16, 2019 Content info: 100 Pages
Description

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

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.

Table of Contents
Product Code: K341-11

Table of Contents

Executive Summary

  • Key Findings
  • Market Engineering Measurements
  • Market Engineering Measurements (continued)
  • CEO's Perspective

Market Overview

  • Market Definitions
  • Key Questions this Study will Answer
  • Market Segmentation
  • Market Distribution Channels

Drivers and Restraints-Total RFID Market in Healthcare and Hospital Care

  • Market Drivers
  • Drivers Explained
  • Drivers Explained (continued)
  • Drivers Explained (continued)
  • Drivers Explained (continued)
  • Market Restraints
  • Restraints Explained
  • Restraints Explained (continued)
  • Restraints Explained (continued)

Forecasts and Trends-Total RFID Market in Healthcare and Hospital Care

  • 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 and Competitive Analysis-Total RFID Market in Healthcare and Hospital Care

  • Market Share
  • Market Share Analysis
  • Competitive Environment
  • Top Competitors
  • Product Highlights
  • Competitive Factors and Assessment

Growth Opportunities and Companies to Action

  • 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

Mega Trends and Industry Convergence Implications

  • 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 Analysis

  • Tags Segment Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

Readers Segment Analysis

  • Readers Segment Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

Middleware Segment Analysis

  • Middleware Segment Key Findings
  • Market Engineering Measurements
  • Revenue Forecast
  • Revenue Forecast Discussion

North America Analysis

  • Key Findings
  • Revenue Forecast
  • Revenue Forecast Discussion

Latin America Analysis

  • Key Findings
  • Revenue Forecast
  • Revenue Forecast Discussion

EMEA Analysis

  • EMEA Key Findings
  • Revenue Forecast
  • Revenue Forecast Discussion

APAC Analysis

  • APAC Key Findings
  • Revenue Forecast
  • Revenue Forecast Discussion

The Last Word

  • The Last Word-3 Big Predictions
  • Legal Disclaimer

Appendix

  • 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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