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Global RFID Healthcare and Pharmaceutical Market
Frost & Sullivan, Dec 2011, Pages: 113
The global RFID healthcare and pharmaceutical market provide a comprehensive technology and competitive structure analysis for RFID and RTLS technology. Revenue forecast for all applications has been provided and an in-depth analysis of the competitive situation including vendors' market shares is performed, along with end user case study. The base year is 2010 with forecasts running through 2017. Various drivers for growth have been analyzed to identify opportunities in the marketplace. The study also provides revenue forecast, technology trends, market trends, pricing trends and distribution trends. Detailed analysis of APAC, North America and European countries is included.
Key Opportunities Driving the Healthcare and Pharmaceutical Market
The application of RFID in the healthcare market has progressed from the initial stages of experimentation and adoption to large-scale deployments. The vertical has traditionally been a slow adopter of RFID technology; however, increases investments in the RFID space are occurring in pharmaceutical and patient tracking applications with the advent of regulatory recommendations.
Market Drivers:
- Compliance is required due to government initiatives
- Concerns for patient and employee safety
- Need to improve operational efficiency
- Technological advancements
- Declining costs
Market Restraints:
- Budgetary constraints
- Lack of standardization
- High cost of implementation
- Inadequate infrastructure
- Preference for traditionally-run business operations
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