RFID In Healthcare Market Outlook To 2024: In-Depth Market View, Key Product Categories (Systems, Tags), Key Applications (Asset Tracking, Pharmaceutical Tracking, Patient Tracking, Blood Monitoring), Regional Segmentation, Top Players & Company Share, Competitive Dynamics, Growth Drivers & Restraints, M&A Insights, Segment Forecast And Key Conclusion
1stth October 2017, Florida- The global RFID in Healthcare market size worth USD 3.65 billion by 2024, according to a new research study published by Ameri Research. The factors driving the market growth include growing demand for track and trace solutions in healthcare, rising investment in healthcare automation, increasing geriatric population, government support for research and development and technological advancements in RFID products.
Escalating geriatric population, increased investment in healthcare automation, demand for lesser human intervention, government support and technological advancement are anticipated to bolster usage rates of RFID systems significantly over the next few years. Demand for better compliance and stringent regulatory norms are going to drive the market further. Asia Pacific emerged as the fastest growing regional market with a CAGR of 26.5% over the forecast period.
The global RFID in healthcare market is segmented by product and by region. Based on product, the market is split as systems and tags. Each segment is further split based on applications such as asset tracking, pharmaceutical tracking, patient tracking and blood monitoring. The various technologies used earlier such as barcode are now being replaced with RFID, QR Codes, and Unique Identification Codes. The growing problem of counterfeit drugs, loss of products during transit across the various supply chain channels are driving the use of various RFID technologies.
The industry is witnessing an increasing number of these new services that help to merge healthcare organizations realize long-term and instant savings on medical capital expenses and supply-side. This empowers new hospital alliances to manage their spending and plan for the future by eliminating waste and redundancy in medical-surgical supplies and capital medical equipment.
Click the link below to view the report description: – https://www.ameriresearch.com/product/rfid-healthcare-market-outlook-2024
Key findings from the study:-
- The global RFID in healthcare market was valued at USD 766.1 Million in 2016 and is estimated to reach USD 3,655.6 Million by 2024, growing at a CAGR of 25.1% over the period of 2017 to 2024.
- North America accounted for 39.19% of the overall market share in 2015 which also depicts the largest regional market.
- Escalating geriatric population, increased investment in healthcare automation, demand for lesser human intervention, government support and technological advancement are anticipated to bolster usage rates of RFID systems significantly over the next few years.
Ameri Research has segmented the RFID in Healthcare Market by product, application, and region:
RFID in Healthcare Market by Product Categories (Revenue, USD Million, 2014- 2024)
RFID in Healthcare Market by Application (Revenue, USD Million, 20124- 2024)
- Asset Tracking
- Patient Tracking
- Pharmaceutical tracking
- Blood Monitoring
RFID in Healthcare Market Regional Outlook (Revenue, USD Million, 20124- 2024)
- North America
- Latin America
- Asia pacific
- Middle East & Africa
- Saudi Arabia
- South Africa