Published by Coherent Market Insights
Posted on October 4, 2021
A radio frequency identification (RFID) tag typically uses electromagnetic radiation to identify and track tags, which are then attached to specific objects. RFID tags are a simple way of identifying things and have become increasingly popular for both business and personal use. The use of RFID offers many benefits to the healthcare industry related to patient safety, tracking, efficiencies in patient care, and provider satisfaction.
Request For Sample Copy of This Premium Research RFID in Healthcare Market @
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Medication shortages in pharmacies is expected to propel growth of the global RFID in healthcare market. For instance, according to an annual survey published in August 2020 by Kit Check, around 60% of pharmacy staff reported dealing with up to 20 medication shortages at a time. More than 72 of respondents reported spending up to 15 staff hours to reconcile each medication shortage.
Moreover, launch of medical devices with RFID scanners is also expected to propel growth of the global RFID in healthcare market. For instance, in January 2020, Dentsply Sirona launched CEREC Primemill, a grinding and milling machine with 7-inch touch interface, an integrated camera for scanning blocks with compatible data matrix code, and an RFID scanner for reading tool information.
High cost of the system is expected to hinder growth of the global RFID in healthcare market. The cost of an RFID tag can range from four cents per tag to upwards of US$ 50.00 per tag depending on the capabilities. The RFID tag readers can range from US$ 1,000.00 to US$ 3,000.00 per reader.
Among regions, North America is expected to witness significant growth in the global RFID in healthcare market, owing to increasing launch of medicines with RFID tags. For instance, in October 2020, Sandoz Inc. announced the availability of its first two injectable medicines with Radio Frequency Identification (RFID) tags in the U.S. through its collaboration with Kit Check, Inc.
Major players in the global RFID in healthcare market are focused on adopting partnership strategies to enhance their market share. For instance, in September 2020, Kit Check, a provider of automated and intelligent medication management solutions, signed an agreement with SCA Pharmaceuticals that allows SCA to add an embedded RFID tag to all of its products.
Major Players in RFID in Healthcare Market
Microchip Technology, Accenture plc, Hitachi, IBM, 3M, AeroScout Inc., Know Labs, Inc., Kit Check, Fresenius Kabi, and Siemens Healthcare.
Ask for PDF sample copy of the RFID in Healthcare market report @
https://www.coherentmarketinsights.com/insight/request-pdf/4195
RFID in Healthcare Market insights will improve the revenue impact of businesses in various industries:
• providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the RFID in Healthcare Market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global RFID in Healthcare market and offers solutions
• assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• provides an understanding of disruptive technology trends to help businesses make their transitions smoothly
• helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising growth for top players aiming to retain their leadership position in the market & supply-side analysis of the RFID in Healthcare market.
Reasons to Purchase this Report
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/4195
In conclusion, the RFID in Healthcare market report presents the descriptive analysis of the parent market supported elite players, present, past, and artistic movement information which is in a position to function as a profitable guide for all the RFID in Healthcare industry business competitors. Our expert research analyst’s team has been trained to supply in-depth marketing research reports from every individual sector which can be helpful to know the industry data within the most precise way.
Contact:
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
The post RFID in Healthcare Market to reach a value of US$ 16,756.6 Mn by 2027 at a CAGR of 19.6% during the forecast period 2021-2028 appeared first on Gatorledger.
A radio frequency identification (RFID) tag typically uses electromagnetic radiation to identify and track tags, which are then attached to specific objects. RFID tags are a simple way of identifying things and have become increasingly popular for both business and personal use. The use of RFID offers many benefits to the healthcare industry related to patient safety, tracking, efficiencies in patient care, and provider satisfaction.
Request For Sample Copy of This Premium Research RFID in Healthcare Market @
https://www.coherentmarketinsights.com/insight/request-sample/4195
Medication shortages in pharmacies is expected to propel growth of the global RFID in healthcare market. For instance, according to an annual survey published in August 2020 by Kit Check, around 60% of pharmacy staff reported dealing with up to 20 medication shortages at a time. More than 72 of respondents reported spending up to 15 staff hours to reconcile each medication shortage.
Moreover, launch of medical devices with RFID scanners is also expected to propel growth of the global RFID in healthcare market. For instance, in January 2020, Dentsply Sirona launched CEREC Primemill, a grinding and milling machine with 7-inch touch interface, an integrated camera for scanning blocks with compatible data matrix code, and an RFID scanner for reading tool information.
High cost of the system is expected to hinder growth of the global RFID in healthcare market. The cost of an RFID tag can range from four cents per tag to upwards of US$ 50.00 per tag depending on the capabilities. The RFID tag readers can range from US$ 1,000.00 to US$ 3,000.00 per reader.
Among regions, North America is expected to witness significant growth in the global RFID in healthcare market, owing to increasing launch of medicines with RFID tags. For instance, in October 2020, Sandoz Inc. announced the availability of its first two injectable medicines with Radio Frequency Identification (RFID) tags in the U.S. through its collaboration with Kit Check, Inc.
Major players in the global RFID in healthcare market are focused on adopting partnership strategies to enhance their market share. For instance, in September 2020, Kit Check, a provider of automated and intelligent medication management solutions, signed an agreement with SCA Pharmaceuticals that allows SCA to add an embedded RFID tag to all of its products.
Major Players in RFID in Healthcare Market
Microchip Technology, Accenture plc, Hitachi, IBM, 3M, AeroScout Inc., Know Labs, Inc., Kit Check, Fresenius Kabi, and Siemens Healthcare.
Ask for PDF sample copy of the RFID in Healthcare market report @
https://www.coherentmarketinsights.com/insight/request-pdf/4195
RFID in Healthcare Market insights will improve the revenue impact of businesses in various industries:
• providing a framework tailored toward understanding the attractiveness quotient of various products/solutions/technologies in the RFID in Healthcare Market
• Guiding stakeholders to identify key problem areas pertaining to their consolidation strategies in the global RFID in Healthcare market and offers solutions
• assessing the impact of changing regulatory dynamics in the regions in which companies are keen on expanding their footprints
• provides an understanding of disruptive technology trends to help businesses make their transitions smoothly
• helping leading companies make strategy recalibrations ahead of their competitors and peers
• Offers insights into promising growth for top players aiming to retain their leadership position in the market & supply-side analysis of the RFID in Healthcare market.
Reasons to Purchase this Report
Buy This Complete A Business Report With Flat US $2000 Off @
https://www.coherentmarketinsights.com/promo/buynow/4195
In conclusion, the RFID in Healthcare market report presents the descriptive analysis of the parent market supported elite players, present, past, and artistic movement information which is in a position to function as a profitable guide for all the RFID in Healthcare industry business competitors. Our expert research analyst’s team has been trained to supply in-depth marketing research reports from every individual sector which can be helpful to know the industry data within the most precise way.
Contact:
Mr. Shah
Coherent Market Insights
1001 4th Ave, #3200
Seattle, WA 98154
Phone: US +12067016702 / UK +4402081334027
Email: sales@coherentmarketinsights.com
The post RFID in Healthcare Market to reach a value of US$ 16,756.6 Mn by 2027 at a CAGR of 19.6% during the forecast period 2021-2028 appeared first on Gatorledger.
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