RFID Technology Market Research Report 2019
RFID (Radiofrequency identification) works on radio frequency technology, wherein digital information is encoded in smart labels or RFID tags. This technology is based on wireless technology that utilizes radio-frequency electromagnetic waves for transferring data from a tag attached to an object, for various reasons such as tracking of objects and automatic identification. The RFID technology is designed to replace manual entry of data stored and used for tracking, inventory and other IT-based supply chain systems. Unlike the traditional bar-code technology, this system supports a larger set of unique ids and incorporates additional data such as product type, manufacture details etc.
RFID industry has been continuously evolving since its invention and the upcoming chip fewer tags are gaining popularity worldwide owing to its reduced size and portability. Current trends indicate that the market will grow fast in the next 8-10 years. With 6.9 billion having been sold worldwide in 2014, the value of the market is anticipated to increase by a factor of ten during 2017-2025. Growing application of RFID in the healthcare industry, raising concerns regarding counterfeiting, growing need for tracking and localizing medical equipment, and increasing demand for reducing medication errors support the growth of this technology in medical applications.
On contrary, high cost and difficulties in identification of metals and liquids present significant challenges for the growth of this industry. This proposed report is an effort to identify factors, which will be the driving force behind the global and country-specific healthcare radiofrequency identification market. The industry report provides extensive analysis of the RFID products, industry drivers and challenges, current market trends, and key players’ strategies.
Likewise, the report caters detailed analytical overview of RFID Technology market in order to make readers aware about latest industry trends. It also reveals key elements which covers leading consumers, raw material suppliers, and manufacturing equipment suppliers.
Top Key Players Covered in this report – 3M, Atmel and Accenture
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In terms of products, the market report covers the following segments: S
By the Application, the market is primarily split into:
Hospital Equipment Tracking
Blood Transfer Monitoring
Pharmacy – Patient Medication Tracking
The research study includes in-depth analysis where important segments and regional data are studied in quite some detail. It also provides market channel, distribution & customer analysis, industry cost analysis, organization profiles, market analysis by production & revenue, price trend analysis by type as well as production and consumption analysis by region, and various other market studies.
The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, Asia Pacific, Middle East and Africa after evaluating political, economic, social and technological factors of RFID Technology market.
Reasons to buy the report
- Make readers aware about RFID Technology and the success of this market.
- Information regarding emerging and developed markets where RFID Technology market have established their foot.
- Determination of restrains and how to overcome them.
- Strategies as per the drivers, trends and segment highlights.
- Identify the work flow through value chain evaluation.
- Identify market key players, for making strategies accordingly.
- Know about the steps and strategies built by biggies for shaping future growth.
- Evaluate your brand position in the market by considering the position of products and services of leading competitors in the market.
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