RFID in Healthcare Market Outlook and Forecast up to 2022: Grand View Research, Inc.
New Market Research Reports Title “RFID in Healthcare Market Analysis Size and Segment Forecasts to 2022” Has Been Added to GrandViewResearch.com Report Database
Global RFID in healthcare market is expected to reach USD 4,866 million by 2022, according to a new study by Grand View Research, Inc. Major factors facilitating its growth include increasing usage of RFID technologies pertaining to product & patient tracking and technological advancement such as the development of novel products which include Smart Face Technology & TexTrace RFID tag
Furthermore, improvements pertaining to efficiency of supply chain and inventory accuracy are expected to significantly drive the levels of RFID adoption in healthcare during the forecast period.
According to the data published by the National Institutes of Health in 2013, stated that each year nearly 98,000 deaths are caused in hospitals due to medical errors. Such escalating statistics has prompted the growth of RFID in healthcare market over the forecast period.
In addition, benefits pertaining to patient centric applications by embedding passive RFID into stationary devices and mobiles, has spurred the demand of RFID systems especially in point of care solutions, electronic medical records and automated pharmaceutical receipt & distribution.
Constant research activities undertaken by the nonprofit organizations such as the Health Industry Business Communications Council (HIBCC) to develop and promote the usage of advanced technological solutions such as multiresonator based chipless RFID tags, which in turn are expected to positively reinforce RFID in healthcare market growth over the forecast period.
RFID in healthcare industry is segmented on the basis of product type that includes RFID systems and tags. Further, systems and tags have been fragmented depending upon the use such as asset, pharmaceutical & patient tracking and blood monitoring. Due to rising concern for substantial inventory management of blood products, the blood monitoring systems are anticipated to gain momentum over the forecast period.
Browse full research report on Global RFID in Healthcare Market: http://www.grandviewresearch.com/industry-analysis/rfid-in-healthcare-market
Further key findings from the study suggest:
Read detailed report or request for sample of this research report:
Grand View Research has segmented the RFID in healthcare market on the basis of product, and region:
RFID in Healthcare Product Outlook (Revenue, USD Million, 2014 – 2022)
RFID in Healthcare Regional Outlook (Revenue, USD Million, 2014 – 2022)
Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
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Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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