Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically-stored information. Passive tags collect energy from a nearby RFID reader's interrogating radio waves. Active tags have a local power source (such as a battery) and may operate hundreds of meters from the RFID reader. Unlike a barcode, the tag need not be within the line of sight of the reader, so it may be embedded in the tracked object. RFID is one method for Automatic Identification and Data Capture (AIDC).
Globally, growing need for inventory management in hospitals has led to increased demand and thereby market growth. Furthermore, advantages associated with RFID smart cabinets such as accuracy, real-time tracking, and lesser inventory waste and equipment losses. All the above factors, decreases the operational cost of hospitals and hence number of hospitals across the globe started to adopt RFID smart cabinets for tracking of various items. The U.S. created maximum demand in North America for RFID cabinets. Factors such as growing technological advancements and developments in healthcare infrastructure are expected to favor the market demand in North America. Asia-Pacific is expected to emerge as high growth regional market owing to growing demand in countries such as China and India.
The global RFID Smart Cabinets market is valued at 560 million US$ in 2018 and will reach 1290 million US$ by the end of 2025, growing at a CAGR of 11.0% during 2019-2025. The objectives of this study are to define, segment, and project the size of the RFID Smart Cabinets market based on company, product type, end user and key regions.
This report studies the global market size of RFID Smart Cabinets in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of RFID Smart Cabinets in these regions.
This research report categorizes the global RFID Smart Cabinets market by top players/brands, region, type and end user. This report also studies the global RFID Smart Cabinets market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Mobile Aspects
Tagsys RFID group
LogTag
Stanley Innerspace
Terson Solutions
Solstice Medical
Market size by Product
Standard Form
Customized Form
Market size by End User
Hospitals
Medical Institutions
Market size by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
The study objectives of this report are:
To study and analyze the global RFID Smart Cabinets market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of RFID Smart Cabinets market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global RFID Smart Cabinets companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of RFID Smart Cabinets submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of RFID Smart Cabinets are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K Units). Both top-down and bottom-up approaches have been used to estimate and validate the market size of RFID Smart Cabinets market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Summary:
Get latest Market Research Reports on RFID Smart Cabinets . Industry analysis & Market Report on RFID Smart Cabinets is a syndicated market report, published as Global RFID Smart Cabinets Market Insights, Forecast to 2025. It is complete Research Study and Industry Analysis of RFID Smart Cabinets market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.