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RFID Smart Cabinets Market Analysis And Segment Forecasts To 2020: Hexa Research

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RFID in healthcare sector has significant applications such as record maintenance and equipment tracking. Increasing need for inventory management of medicines in medical institutions is expected to drive the RFID smart cabinets market over the fore
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
RFID Smart Cabinet Market Size, Analysis, Industry Demand,
Growth and Forecast to 2020: Hexa Research
RFID in healthcare sector has significant applications such as record maintenance and
equipment tracking. Increasing need for inventory management of medicines in medical
institutions is expected to drive the RFID smart cabinets market over the forecast period. RFID
cabinets include two components such as aluminum/steel cabinet and RFID console. The
cabinet is used to maintain database such as time and date of last usage, identity of the
department or person who has last accessed it and RFID console is an electronic unit used to
maintain the cabinet supplies. Technological advancements and increasing use of RFID
cabinets for inventory management, asset tracking and many healthcare institutions using RFID
cabinets for tracking to increase productivity and to reduce errors in North America is expected
to provide positive avenues to market demand over next six years.
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
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http://www.hexaresearch.com/research-report/rfid-smart-cabinets-industry/
Regional Insights
Furthermore, the U.S. created maximum demand in North America for RFID cabinets. Factors
such as growing technological advancements and developments in healthcare infrastructure are
expected to favor the market demand in North America. North America is expected to be the
dominant market over the forecast period. The market has taken command by countries such as
Germany and the U.K owing to presence of increasing hospital funding measures taken by the
non-government and government organizations which is expected to drive market demand in
these regions. Increasing research and development initiatives for using RFID applications in
healthcare taken by Germany government has made to be dominant market in Europe. For
example, German government invested USD 260 million in 2007 for research and development
of RFID technology. Moreover, Germen ministry announced that country’s high technology
strategy is achieved by increasing usage of RFID in healthcare sector and telecommunications
industry. Additionally, lenient government rules and regulations and cost controlling for different
medical institutions establishments is expected to fuel RFID smart cabinet market in Germany
region. For example, in 2003, German government implemented diagnosis related group
programs for remunerations of hospitals and increasing treatment cost which encouraged
hospitals for adopting new technology. Furthermore, the need for effective management of
assets, inventory and preventing thefts of inventory is expected to provide positive avenues to
market growth over the forecast period. Technological advancements, increased using RFID
cabinets for inventory management, asset tracking and many healthcare institutions using RFID
cabinets for tracking to increase productivity and to reduce errors in North America is expected
to provide positive avenues to market demand over next six years.
Asia-Pacific is expected to emerge as high growth regional market owing to growing demand in
countries such as China and India. Growing infrastructure and technological advancements in
developing countries of India and China are also expected to witness considerable growth over
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
next six years. For example, implementation of 12 year plan is promising for manufacturers to
make investments in China which is expected to drive the market demand. Increasing
awareness of patients, growth in telecommunication sector and favorable government rules and
regulations is expected to drive the RFID market in India over the forecast period. Increasing
retail stores where every product has RFID tag is expected to boost the market demand.
Tracking of imports and exports of products is expected to drive RFID market growth in India
over next six years.
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Competitive Insights
RFID smart cabinets are highly fragmented owing to the increase in presence of suppliers and
domestic manufacturers in China. Key industry participants include WaveMark Inc., LogTag,
Tagsys RFID Group, Mobile Aspects Inc., Stanley Innerspace, Solstice Medical LLC and Terson
Solutions Inc. Market participants enter into mergers & acquisitions to sustain in the market. For
example, Tagsys made partnership with Hilden, supplier of linen products for inventory
management using Tagsys RFID tags.
Table of Contents
Chapter 1. Executive Summary
1.1. RFID Smart Cabinets - Industry Summary and Critical Success Factors (CSFs)
Chapter 2. RFID Smart Cabinets Industry Outlook
2.1. Market Segmentation
2.2. Market Size and Growth Prospects
2.3. RFID Smart Cabinets Market Dynamics
2.3.1. Market Driver Analysis
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Hexa Research
Fact-based market research, penetrating industry insights and validated
forecasts to help you make better decisions for a stronger future
2.3.2. Market Restraint Analysis
2.4. Key Opportunities Prioritized
2.5. Industry Analysis - Porter's
2.6. RFID Smart Cabinets - Company Market Share Analysis
2.7. RFID Smart Cabinets Market PESTEL Analysis, 2012
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About Us:
Hexa Research is a market research and consulting organization, offering industry reports,
custom research and consulting services to a host of key industries across the globe. We offer
comprehensive business intelligence in the form of industry reports which help our clients obtain
clarity about their business environment and enable them to undertake strategic growth
initiatives.
Contact Us:
Ryan Shaw
Hexa Research
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6265 Highway 9
Felton, California 95018
United States
Phone: +1-800-489-3075
Email: [email protected]
Website - http://www.hexaresearch.com/
Contact: +1-800-489-3075
Email : [email protected]
Website: http://www.hexaresearch.com/
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