Rfid Smart Cabinets Market Analysis, Market Size, Share, Regional Outlook, Industry Trends, Competitive Strategies and Segment Forecasts, 2012 to 2020

Hexa Research Inc.

Industry Research,Custom Research & Consulting

RFID Smart Cabinets Market Analysis, Market Size, Share,

Regional Outlook, Industry Trends, Competitive Strategies

And Segment Forecasts, 2012 To 2020

Industry Insights

RFID in healthcare sector has significant applications such as record maintenance and equipment

tracking. Increasing need for inventory management of medicines in medical institutions is expected to

drive the RFID smart cabinets market over the forecast period. RFID cabinets include two components

such as aluminum/steel cabinet and RFID console.

The cabinet is used to maintain database such as time and date of last usage, identity of the department

or person who has last accessed it and RFID console is an electronic unit used to maintain the cabinet

supplies. Technological advancements and increasing use of RFID cabinets for inventory management,

asset tracking and many healthcare institutions using RFID cabinets for tracking to increase productivity

and to reduce errors in North America is expected to provide positive avenues to market demand over

next six years.

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Hexa Research Inc.

Industry Research,Custom Research & Consulting

Regional Insights

Furthermore, 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. North America is expected to be the dominant market over

the forecast period. The market has taken command by countries such as Germany and the U.K owing to

presence of increasing hospital funding measures taken by the non-government and government

organizations which is expected to drive market demand in these regions.

Increasing research and development initiatives for using RFID applications in healthcare taken by

Germany government has made to be...