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RFID smart cabinet market forecast to 2021 insights shared in detailed report

ICRWorld’s RFID Smart Cabinet market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.

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RFID has considerable applications in hospitals in terms of record maintenance and equipment tracking. Implementation of Radio-frequency identification technology in healthcare institutions has made significant contribution in proper management of inventory.

It helps in limiting the losses associated with the mismanagement of medical supplies.

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The implementation of healthcare reforms by China through 12thFive Year Plan to provide healthcare to their citizens by strengthening healthcare infrastructure and other regulations are expected to be critical for market development in coming years.

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Increasing initiatives undertaken by healthcare institutions to limit the costs through adoption of capable inventory management solution and supportive government regulations for efficient inventory management of medical supplies in healthcare are expected to fuel the growth during the forecast period.

Asia Pacific is considered to be the most lucrative region for Radio-frequency identification smart cabinets and is attributed to increasing awareness and adoption of systems. India is expected to grow at the fastest CAGR from 2017 to 2022.

This is attributed to the implementation of supportive regulations and growing patient awareness. Furthermore, India allowed using UHF RFID systems up to 4W of RFID power in 2005.

This enabled Indian manufacturer to export their products as they became comply with global quality standards.

North America dominated the global market in 2017. More penetration of RFID technologies due to availability of a well-developed healthcare infrastructure is one of the major factors responsible for the dominance of the region.

The Europe RFID smart cabinet market follows the North America in terms of market size. Europe was dominated by countries such as the Germany and UK in 2017 due to the presence of large hospital funding programs by their respective governments and other non-government organizations.

Global RFID Smart Cabinet Market: Regional Segment Analysis
North America
Europe
China
Japan
Southeast Asia
India

The Major players reported in the market include:
LogiTag Systems
Mobile Aspects
TAGSYS RFID
Terson Solutions
WaveMark
Sato Vicinity
Grifols
Skytron
Palex Medical
...

Global RFID Smart Cabinet Market: Product Segment Analysis
Standard Form
Customized Form
Type 3

Global RFID Smart Cabinet Market: Application Segment Analysis
Hospital
Large Clinic
Application 3

Reasons for Getting this Report
This report provides pin-point analysis for changing competitive dynamics
It provides a forward looking perspective on different factors driving or restraining market growth
It provides a six-year forecast assessed on the basis of how the market is predicted to grow
It helps in understanding the key product segments and their future
It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments

 

 

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