Infiniti Research: RFID in Healthcare Industry 2008-2012 on reports-research.com

Aug. 18, 2009 - PRLog -- A major part of the growth for RFID (Radio Frequency Identifcation) comes from established applications such as security/access control, automobile immobilization, animal tracking, and toll collection. However, security-based solutions, contactless payments, and supply chain management applications are also emerging; thus, presenting new market opportunities. The other area of opportunity is contactless smartcards.

A large number of players exist in the RFID market. These include tag manufacturers, database providers, system integrators, etc. However, few players lack maturity to compete in the market. Thus, global RFID players are acquiring such immature players to increase their capabilities and capture the maximum market share.

The global healthcare industry is facing several challenges such as spiraling healthcare costs, chronic labor shortages, huge losses including medical errors due to medication faults and loss of expensive equipment. In addition, changing demographics in key markets of Europe and the Americas, changing customer demands and needs, and non-uniform regulatory frameworks across different geographies is further changing the dynamics of the healthcare industry. Given this scenario, healthcare organizations are beginning to rely on RFID technology to tackle these challenges and increase focus on operational efficiency, enhance patient safety, and improve business processes. Healthcare providers and payers including patients are transforming the usage of RFID from technology that is used to reduce costs to facilitating, automating, and streamlining identification processes.

The report RFID in Healthcare Industry 2008-2012 forecasts the market size of RFID in Healthcare Industry over the period 2008-2012. Further, the total market is segmented into various geographic regions. The report also discusses the key market trends of RFID in the Healthcare Industry. In addition, the report identifies the key selling drivers and challenges of RFID in the Healthcare Industry.



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