Global Radio Frequency Identification (RFID) Smart Cabinets Market US$ 867 Million by 2021

Global Radio Frequency Identification (RFID) Smart Cabinets Market US$ 867 Million by 2021

The global radio frequency identification (RFID) smart cabinets market is estimated to reach US$ 867 Million by 2021, growing at a CAGR of 11.8% from 2017 to 2021, mainly due to its efficient real-time tracking and management of hospital inventories, greater acceptance of low cost RFID technology and its applications, and favorable governmental regulations. The United Kingdom, Germany, France, Italy, and Spain are leading markets.

The RFID Smart Cabinets offer an innovative solution for managing high-value medical devices and consignment stock. With the RFID Smart Cabinets medical devices and consignment stock can be managed in real time to eliminate stock-outs and expired items. RFID smart cabinet are used for the real-time tracking of critical supplies used in health care and medical departments. The RFID storage units are specifically designed to enable hospitals to improve cost containment, patient safety and regulatory compliance.

Its main areas of application within the Hospital are the Cath Labs (Hemodynamics Department, Interventionist Radiology, etc.) and OR Area (Surgical Block), where the shortened expiry date of certain products, together with their high cost, makes it vital to reduce inventory levels and ensure optimal stock management. RFID smart cabinets can be configured with a combination of regular boxed product storage shelves, hanging product storage, doors, drawers, and splitter shelves as needed to effectively store and track supplies. This level of storage flexibility supports a better clinical workflow and addresses the challenge of space limitations in busy procedural areas.

The integration and deployment of RFID intelligent systems offers automatic recording of movements, an integration platform that guarantees connectivity and real-time data transfer between smart cabinet and the HIS, avoiding transcription errors and duplicated data entry in different systems, automating regulatory compliance by optimizing work flow, offering more efficient services, automation of temperature control and records and ensuring better patient care.

The global radio frequency identification smart cabinets market report provides market size (Revenue US$ Million 2014 to 2021), market share and forecasts growth trends (CAGR%, 2017 to 2021). The global radio frequency identification smart cabinets market is segmented by geography into North America (U.S., Canada), Latin America (Brazil, Mexico, Rest of LA), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), and Rest of the World. The global radio frequency identification smart cabinets market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments.

Major players operating in the global radio frequency identification smart cabinets market and profiled in this report include LogiTag, Mobile Aspects, Inc., Solstice Medical LLC, Stanley Innerspace, Tagsys RFID Group, Terso Solutions, Inc., and WaveMark Inc.

1. Geography (Region, Country)
1.1. North America (U.S., Canada)
1.2. Latin America (Brazil, Mexico, Rest of LA)
1.3. Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
1.4. Asia Pacific (Japan, China, India, Rest of APAC)
1.5. Rest of the World

2. Company Profiles 
2.1. LogiTag
2.2. Mobile Aspects, Inc.
2.3. Solstice Medical LLC
2.4. Stanley Innerspace
2.5. Tagsys RFID Group
2.6. Terso Solutions, Inc.
2.7. WaveMark Inc.

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2017-11-02T09:38:08+00:00 Categories: Press Releases|