Healthcare RFID Market: Information By Component (Tags, Readers, Middleware, Printers), Application (Equipment Tracking, Medicine Tracking, Others), End-User (Pharmaceutical and Biotechnology Companies, Hospitals, Others) — Global Forecast till 2027 Healthcare RFID Market HighlightsRadio frequency identification (RFID) solutions in the healthcare sector are an asset favored by major organizations due to their ability in saving time and money.
The global healthcare RFID market report by Market Research Future (MRFR) pinpoints pertinent growth drivers and challenges faced for the period of 2018 to 2023 with a suitable pulse on the latest trends.Market OutlookThe global healthcare RFID market is expected to exhibit a CAGR of 23.37% from 2018 to 2023 (forecast period).
The focus of hospitals in providing quality patient care as well as improvements of the inventory management system in pharmacies, hospitals, and biotechnology companies is expected to fuel market growth.
This would prove to be a boon in reducing the overhead costs of healthcare organizations.
The use of RFID in reducing patient errors, tracking of patients and equipment, and better tracking of assets are other drivers which can bolster the demand of the healthcare RFID market.Lack of awareness of RFID systems, technical bugs, and high costs of installation are certain challenges which may pose a challenge to the market.Request Free Sample Copy at:https://www.marketresearchfuture.com/sample_request/7580Segmentation AnalysisThe global healthcare RFID market is segmented by component, application, and end-use.By component, it is segmented into tags, readers, middleware, printers, and others.
The tags segment can dominate during the forecast period due to its application in pharmaceutical tracking, asset tracking, and patient tracking.By application, it is segmented into medicine tracking, equipment tracking, people identification and tracking, medical report and blood samples tracking, and others.By end-use, it is segmented into research institutes, pharmaceutical and biotechnology companies, hospitals, and others.