Market for RFID in Healthcare More than Doubled Lately, Finds Kalorama

07 Oct 2010 • by Natalie Aster
Market for RFID in Healthcare More than Doubled Lately, Finds Kalorama

New York - The market for RFID in healthcare more than doubled in the last two years and a number of factors have suggested growth will continue at more than 30% annually through 2014, including growing concerns over healthcare spending, safety, streamlining, and efficient patient care. RFID (Radio Frequency IDentification) offers various solutions for the main segments of the healthcare industry—hospitals and nursing homes, pharmaceutical manufacturers, distributors, and pharmacies.

Kalorama's comprehensive update -- Global Market for RFID in Healthcare -- defines the worldwide opportunities and potential market for RFID in the healthcare industry and describes key market trends and dynamics, as well as profiles of key companies. It also provides a number of case studies to show examples of RFIDs value and return on investment. Market estimates and forecasts for each of the following five general market segments are provided:


  • Pharmaceutical/Blood Product Distribution and Tracking;
  • Patient/Medical Staff Identification and Tracking;
  • Medical Asset Tracking and Locating;
  • Implantable Device RFID use;
  • Other areas (including medical documents and patient records).

    Report Details:

    Global Market for RFID in Healthcare
    Date: May, 2010
    Pages: 162
    Price: US$ 3,995.00

    The main users of RFID technology in the healthcare sector include hospitals, pharmaceutical manufacturers, nursing homes, and pharmacies:

    In the pharmaceutical sector, RFID has been deployed by a number of companies, primarily for supply chain management applications. In most cases, the technology has been deployed for particular applications or a part of the business.

    The aging population in the US and the increased prevalence of Alzheimer's disease and other conditions are driving the adoption of RFID-enabled systems in nursing homes. Approximately 30 percent of nursing homes in the US are making use of various RFID-enabled applications such as wander-prevention systems.

    Adoption of RFID by pharmacies operating independently is estimated to be relatively low due to the high investment cost. Adoption is expected to increase in the future as the infrastructure cost is likely to decrease.

    As part of its coverage of RFID in global healthcare the report discusses the following trends:

  • Healthcare Establishment Statistics;
  • U.S. Healthcare Employment Projections;
  • Aging Population;
  • How RFID Emissions may Affect Certain Medical Devices;
  • Active RFID and Wi-Fi Networks in Healthcare Applications;
  • Hospital Inefficiency;
  • Counterfeit Drugs;
  • Global Counterfeiting;
  • Benefits of Improving Product Management;
  • Regulatory Compliance to Control Drug Counterfeiting;
  • Electronic Pedigree and the National Association of Boards of Pharmacy;
  • Return on Investment (ROI);
  • Improved Inventory Control;
  • Prescription Sample Control;
  • Health and Safety Concerns;
  • Smaller, Faster Chips;
  • Other Uses of RFID in Healthcare;
  • “Never Events” Reimbursement;
  • Signal Transmissions;
  • Existing Technologies;
  • Uniform Regulation and Standardization;
  • Public Privacy Concerns.



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