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.
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The global RFID Smart Cabinets market is valued at 560 million US$ in 2018 is expected to reach 1290 million US$ by the end of 2025, growing at a CAGR of 11.0% during 2019-2025.
This report focuses on RFID Smart Cabinets volume and value at global level, regional level and company level. From a global perspective, this report represents overall RFID Smart Cabinets market size by analyzing historical data and future prospect. Regionally, this report focuses on several key regions: North America, Europe, China and Japan.
Key companies profiled in RFID Smart Cabinets Market report are Mobile Aspects, TagsysRfid, Group, Logtag, Stanley Innerspace, Terson Solutions, Solstice Medicaland more in term of company basic information, Product Introduction, Application, Specification, Production, Revenue, Price and Gross Margin (2014-2019), etc.
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Table of Content
1 RFID Smart Cabinets Market Overview
2 Global RFID Smart Cabinets Market Competition by Manufacturers
3 Global RFID Smart Cabinets Production Market Share by Regions
4 Global RFID Smart Cabinets Consumption by Regions
5 Global RFID Smart Cabinets Production, Revenue, Price Trend by Type
6 Global RFID Smart Cabinets Market Analysis by Applications
7 Company Profiles and Key Figures in RFID Smart Cabinets Business
8 RFID Smart Cabinets Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Global RFID Smart Cabinets Market Forecast
12 Research Findings and Conclusion
13 Methodology and Data Source