Market for RFID in Healthcare More than Doubled Lately, Finds Kalorama07 Oct 2010 • by Natalie Aster
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:
Global Market for RFID in Healthcare
Date: May, 2010
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:
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