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Market Opportunity for RFID Smart Cabinet Systems in Healthcare

Market Opportunity for RFID Smart Cabinet Systems in Healthcare

Adoption of radio frequency identification (RFID) is increasing in the healthcare and pharmaceutical industries, especially in the areas of assets tracking, supply chain management, and inventory management.

Hospitals are the major end users of RFID smart cabinets, with catheterisation laboratories (cath labs), operating rooms (ORs), and surgical departments being the major application areas.

Pharmaceuticals are employing RFID to prevent counterfeit drugs from entering the supply chain. RFID is also being used in warehouse management.

The uptake of RFID smart cabinets, currently medium, is likely to be high over the next 􂀀-􂀀years.

The growing need to improve efficiency and outcome in healthcare settings is a major driver for the utilisation of RFID smart cabinets in inventory management and asset tracking of equipment and supplies.

Going forward, RFID cabinets with integrated analytics based on cloud and accessed through web-based applications will see greater demand under the influence of Internet of Things (IoT) and Near Field Communication (NFC).

There will be a growing demand for virtual management and managed services compared to outright purchase of cabinets, as capital expenses and overhead costs are minimum.

In the near future, vendors of supplies and equipment will provide hospitals with their products in RFID cabinets for tracking their real-time consumption.

Going forward, hardware of RFID cabinets will not be limited to a storage shelf that can be tracked, and will tend to be a space which can be monitored in real time with access to cloud and analytics platforms.

About this report

The research service provides an overview of the application of radio frequency identification (RFID) in the healthcare industry. It specifically focuses on RFID smart cabinet systems that track equipment and medical supplies in a healthcare environment. The study aims to analyse the technological advancements in RFID smart cabinet systems and includes the business models of key market participants in this space. It also covers the market adoption for RFID smart cabinet systems by healthcare professionals and discusses the factors that impact such adoption.

  • Executive Summary
    • Key Findings
    • Research Methodology
    • Research Scope
  • Overview of RFID in the Healthcare Industry
    • Market Background and Definitions
    • RFID for Healthcare and Pharmaceuticals
    • Application Areas for RFID
  • RFID Smart Cabinet Systems
    • Introduction-RFID Smart Cabinet Systems
    • Application Areas
    • Market Penetration in Application Areas
  • Europe Market Analysis
    • Market Challenges in Europe
    • Force-Field Analysis of Market Drivers and Restraints
    • New Market Opportunities and Trends
    • Business Models
    • Pricing Analysis
    • Regulatory Environment
  • Competitive Landscape
    • Competitive Structure
    • Comparative Analysis of Key Market Participants
  • Key Market Participants
  • Conclusion
    • In the Future-Evolving Market Landscape
  • Appendix
    • List of Acronyms Used
    • Additional Sources of Information

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