(PRWEB) November 28, 2013
Radio Frequency Identification (RFID) In Healthcare Industry - Global Market Size, Share, Growth, Analysis And Forecast, 2012 - 2018
"RFID in Healthcare Industry - Global Market Size, Share, Growth, Analysis and Forecast, 2012 - 2018," the global Radio-Frequency Identification (RFID) market for healthcare is estimated to be worth USD 1,160.0 million in 2012 and is expected to reach USD 3,351.6 million by 2018, growing at a CAGR of 19.3% from 2012 to 2018. The RFID tags segment occupies about 61% of the global RFID technology in the healthcare market.
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Major contributing factors for this high growth rate include increasing application of RFID technology in healthcare, rising issues of counterfeiting, need for tracking and localizing medical equipment, and enhancing safety and efficiency of healthcare delivery. The market is also getting support from the fact that the U.S. Food and Drug Administration (FDA) and many other agencies are exerting pressure to explore RFID and other technology to improve quality of patient care.
RFID is witnessing growing applications in the healthcare industry of which major applications are tracking medical hospital equipment, blood transfer monitoring, patient identification, and tracking medication from pharmacy to patient. Tracking medical hospital equipment segment of the RFID application market is the largest revenue generating segment and is expected to reach market value of USD 1,173.1 million in 2018 from the 2012 value of USD 449.5 million, growing at an estimated CAGR of 17.3% during the forecast period.
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Global Land Mobile Radio (LMR) System Market 2012-2016
Global Land Mobile Radio (LMR) System market to grow at a CAGR of 11.7 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for efficient mission critical operations. The Global LMR System market has also been witnessing increasing shipment of integrated devices that support both LMR and LTE functionalities. However, cross-border security issues could pose a challenge to the growth of this market.
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Global Land Mobile Radio System Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Land Mobile Radio System market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
Key questions answered in this report:
What is an LMR system?
What are different types of technologies present in the market?
What will the market size be in 2016 and at what will be the growth rate?
What are key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by key vendors?
What are the strengths and weaknesses of each of these key vendors?
Related Reports -
RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Browse Full Report at http://www.researchmoz.us/rfid-blood-monitoring-systems-blood-refrigerators-and-freezers-market-global-industry-analysis-size-share-growth-trends-and-forecast-2013-2019-report.html.
RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global RFID blood refrigerators and freezers market was valued at USD 40.9 million in 2012 and is expected to grow at a CAGR of 22.8% from 2013 to 2019, to reach an estimated value of USD 174.2 million in 2019.
The global RFID blood refrigerators and freezers market is expected to undergo rapid growth of 22.8% from 2013 to 2019. This growth is majorly attributed to the rapid adoption of RFID technology in the healthcare industry and growing need for efficient management of blood and blood products to minimize transfusion errors. Growing trend of consolidation of healthcare facilities has resulted in growth of their size.
RFID Forecasts, Players and Opportunities 2014-2024
View Full Report With TOC at http://www.researchmoz.us/rfid-forecasts-players-and-opportunities-2014-2024-report.html.
In retail, RFID is seeing rapid growth for apparel tagging - that application alone demands 2.25 billion RFID labels in 2013. RFID in the form of tickets used for transit will demand 600 million tags in 2013. The tagging of animals (such as pigs, sheep and pets) is now substantial as it becomes a legal requirement in many more territories, with 375 million tags being used for this sector in 2013. This is happening in regions such as China and Australasia. In total, 5.9 billion tags will be sold in 2013 versus 4.8 billion in 2012. Most of that growth is from passive UHF RFID labels, with UHF tag sales overtaking HF and LF tag sales by volume in 2012. However, in 2013 UHF tag sales by value will only be 11% of the value of HF tag sales.
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- ^http://www.researchmoz.us/rfid-in-healthcare-global-industry-analysis-market-size-share-and-forecast-2011-2017-report.html (www.researchmoz.us)
- ^http://www.researchmoz.us/publisher/transparency-market-research-14.html (www.researchmoz.us)
- ^http://www.researchmoz.us/global-land-mobile-radio-lmr-system-market-2012-2016-report.html (www.researchmoz.us)
- ^http://www.researchmoz.us/rfid-blood-monitoring-systems-blood-refrigerators-and-freezers-market-global-industry-analysis-size-share-growth-trends-and-forecast-2013-2019-report.html (www.researchmoz.us)
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