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 Browse Detail Report with TOC @ 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. Request a Sample copy of This Report @ http://www.hexaresearch.com/sample/242 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 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 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 Browse Full Report @ http://www.hexaresearch.com/research-report/rfid-smart-cabinetsindustry/ 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 Felton Office Plaza 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/
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.
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