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Analysis of the Global Radio-frequency Identification (RFID) Market in Healthcare and Hospital Care, Forecast to 2023

  • ID: 4807586
  • Report
  • July 2019
  • Region: Global
  • 100 Pages
  • Frost & Sullivan
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Enhancing Operational Efficiency and Reducing Costs Key to RFID Adoption in Healthcare

This research analyzes the global trends in the radio-frequency Identification (RFID) market in healthcare. The global RFID market in the healthcare industry is witnessing a period of dynamic growth, with the caregivers focused more on enhancing operational efficiency by improving asset availability, inventory management, and personnel tracking. Caregivers are looking to improve user experience within the hospital premise and are looking to leverage technologies such as RFID and Bluetooth low-energy (BLE) for the same. As healthcare costs are high in several countries, caregivers are focused on reducing costs and using technology to aid the same. Connected healthcare is a trend that is expected to drive the demand for RFID technology across different applications. The market has been analyzed mainly from a product perspective through three segments including tags, readers, and middleware.

Research Highlights

The study provides the overall market size for 2018 and a revenue breakdown by product, geography, and applications. Applications include asset tracking, patient & staff tracking, inventory management, hygiene tracking, and environmental tracking. The study focuses on the various market dynamics, challenges, Mega Trends, market trends, product analysis, and other factors that are likely to drive the market growth. The base year of the study is 2018, with forecasts up to 2023. It provides an analysis of the competitive landscape with market shares (only at the global level) and SWOT analysis of top companies. The research, however, does not provide information on the unit shipment. It will present key market participants with business intelligence to help them understand the future of the RFID market in healthcare. The regions included as a part of the study are North America (NA), Latin America (LA), Europe, Middle East, and Africa (EMEA), Asia-Pacific (APAC).

From a technology perspective, active technology will continue to be the dominant technology being deployed in hospitals with a focus on Wi-Fi RTLS, IR RTLS, and ultrasound RTLS. Additionally, the rise of BLE-based location services is also attracting interest among caregivers. From a regional standpoint, North America is the largest contributor to the RFID market in the healthcare industry owing to the growing awareness about RFID technology and the related benefits among caregivers. With increasing emphasis on the user experience, caregivers are deploying technologies such as RFID, RTLS, and BLE. Caregivers are looking at combining data obtained from the RFID hardware and feeding it to artificial intelligence–powered data analytics engines to provide them with meaningful insights that enable better services being offered

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1. Executive Summary
Key Findings
Market Engineering Measurements
CEO’s Perspective

2. Market Overview
Market Definitions
Key Questions this Study will Answer
Market Segmentation
Market Distribution Channels

3. Drivers and Restraints-Total RFID Market in Healthcare and Hospital Care
Market Drivers
Drivers Explained
Market Restraints
Restraints Explained

4. Forecasts and Trends-Total RFID Market in Healthcare and Hospital Care
Market Engineering Measurements
Forecast Assumptions
Revenue Forecast
Revenue Forecast Discussion
Percent Revenue Forecast by Region
Revenue Forecast by Region
Revenue Forecast Discussion by Region
Revenue Forecast by Applications
Revenue Forecast Discussion by Applications
Market Share and Competitive Analysis-Total RFID Market in Healthcare and Hospital Care

5. Market Share
Market Share Analysis
Competitive Environment
Top Competitors
Product Highlights
Competitive Factors and Assessment

6. Growth Opportunities and Companies to Action
Transformation in RFID Market in Healthcare and Hospital Care Industry Ecosystem-2018
Growth Opportunity 1-Blockchain
Growth Opportunity 2-AI
Growth Opportunity 3-Big Data Analytics
Strategic Imperatives for Success and Growth

7. Mega Trends and Industry Convergence Implications
Impact of Industry Mega Trends on the RFID Market in Healthcare and Hospital Care
Mega Trend Impact on the RFID Market in Healthcare and Hospital Care
AI Mega Trend Explained
Blockchain Mega Trend Explained
Big Data Analytics Mega Trend Explained

8. Tags Segment Analysis
Tags Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion

9. Readers Segment Analysis
Readers Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion

10. Middleware Segment Analysis
Middleware Segment Key Findings
Market Engineering Measurements
Revenue Forecast
Revenue Forecast Discussion

11. North America Analysis
Key Findings
Revenue Forecast
Revenue Forecast Discussion

12. Latin America Analysis
Key Findings
Revenue Forecast
Revenue Forecast Discussion

13. EMEA Analysis
EMEA Key Findings
Revenue Forecast
Revenue Forecast Discussion

14. APAC Analysis
APAC Key Findings
Revenue Forecast
Revenue Forecast Discussion

15. The Last Word
The Last Word-3 Big Predictions
Legal Disclaimer

16. Appendix
Market Engineering Methodology
Abbreviations and Acronyms Used
Additional Sources of Information on Study Topic
Partial List of Companies
Learn More-Next Steps
List of Exhibits

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