Market Overview:
RFID medical inventory management systems are used to manage and track the inventory of medical supplies and equipment in a healthcare facility. These systems use radio frequency identification (RFID) tags to track items as they move through the supply chain. RFID tags can be read from a distance, so they are ideal for tracking large items such as hospital beds or wheelchairs. The global RFID medical inventory management systems market is expected to grow at a CAGR of 10% from 2018 to 2030. The growth of this market is driven by the increasing demand for RFID medical inventory management systems in hospitals and clinics worldwide. The growing adoption of RFID technology in the healthcare sector is also contributing to the growth of this market.
Product Definition:
RFID medical inventory management systems are utilized in order to keep track of and manage medical supplies, tools, and other equipment. The importance of RFID medical inventory management systems is that they help to ensure an accurate count of all supplies and equipment, which can help to prevent shortages or overages. Additionally, RFID tags can be scanned quickly and easily, making it easy to locate specific items when they are needed.
Standard Form RFID Medical Inventory Management Systems:
The global standard form RFID medical inventory management systems, it's usage and growth factor in the market for RFID medical inventory management systems is expected to grow at a CAGR of XX% from 2015 to 2022. The key drivers attributing to the growth of this market include increasing demand for supply chain optimization and reduction in cost associated with supply-chain disruption.
Customized Form RFID Medical Inventory Management Systems:
Customized form RFID medical inventory management systems are used for managing the supply chain of hospitals, clinics and other healthcare facilities. It is a barcode-based system that helps in reducing labor costs and improving patient care by streamlining the processes involved in moving patients from their admission to their discharge point. The technology comprises two components namely Radio Frequency Identification (RFID) tags and barcode scanners which together help in providing accurate patient information during each stage of hospitalization.
Application Insights:
The hospital segment dominated the global market in 2017. This can be attributed to factors such as a high number of hospitals and large clinics across the globe. Furthermore, increasing investments by governments for developing healthcare infrastructure are expected to boost industry growth over the forecast period.
RFID medical inventory management systems have witnessed significant adoption in large clinics as well owing to benefits such as cost-effectiveness, real-time data availability, and ease of use/integration with existing systems. Large clinics offer numerous services that require different types of medical equipment at different times; therefore tracking and monitoring these assets is crucial for ensuring better utilization rates which reduces costs while improving service quality.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of players, high adoption rate of RFID systems for medical inventory management, and increasing demand for cost-effective solutions. The U.S., which is one of the most developed countries with respect to healthcare IT infrastructure, witnessed significant growth in this industry due to various factors such as growing geriatric population base and an increase in chronic diseases that require periodic monitoring & tracking by hospitals & clinics. Europe followed North America in terms of market share owing to its well-developed healthcare sector coupled with rising awareness about advanced technologies among patients and physicians alike.
Growth Factors:
- Increasing demand for RFID medical inventory management systems from hospitals and clinics owing to the benefits offered by these systems such as improved patient care, reduced inventory costs, and enhanced tracking of medical supplies.
- Proliferation of RFID technology across various industry verticals which is resulting in increased adoption of RFID medical inventory management systems in the healthcare sector.
- Growing demand for Radio Frequency Identification (RFID) tags for tracking purposes as it offers real-time visibility into the location and movement of assets. This is expected to drive the growth of the RFID medical inventory management market during the forecast period.
- Rising number of mergers and acquisitions among healthcare technology providers as they look to expand their product offerings and strengthen their position in this competitive market space 5 Increased focus on cost containment measures by hospitals worldwide which is leading them to adopt innovative technologies such as RFID medical inventory management systems in order to reduce operational costs
Scope Of The Report
Report Attributes
Report Details
Report Title
RFID Medical Inventory Management Systems Market Research Report
By Type
Standard Form RFID Medical Inventory Management Systems, Customized Form RFID Medical Inventory Management Systems
By Application
Hospital, Large Clinic
By Companies
LogiTag Systems, Mobile Aspects, TAGSYS RFID, Terson Solutions, WaveMark, Sato Vicinity, Grifols, Skytron, Palex Medical, Nexess, Abbott
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global RFID Medical Inventory Management Systems Market Report Segments:
The global RFID Medical Inventory Management Systems market is segmented on the basis of:
Types
Standard Form RFID Medical Inventory Management Systems, Customized Form RFID Medical Inventory Management Systems
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Large Clinic
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- LogiTag Systems
- Mobile Aspects
- TAGSYS RFID
- Terson Solutions
- WaveMark
- Sato Vicinity
- Grifols
- Skytron
- Palex Medical
- Nexess
- Abbott
Highlights of The RFID Medical Inventory Management Systems Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Standard Form RFID Medical Inventory Management Systems
- Customized Form RFID Medical Inventory Management Systems
- By Application:
- Hospital
- Large Clinic
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the RFID Medical Inventory Management Systems Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
RFID Medical Inventory Management Systems (RFMIS) are computerized systems that manage the electronic medical records of patients. RFMIS allows healthcare providers to electronically capture, store, and transmit information about a patient's health history and current condition. This information can be used to improve patient care by providing more accurate diagnoses and treatment plans.
Some of the key players operating in the rfid medical inventory management systems market are LogiTag Systems, Mobile Aspects, TAGSYS RFID, Terson Solutions, WaveMark, Sato Vicinity, Grifols, Skytron, Palex Medical, Nexess, Abbott.
The rfid medical inventory management systems market is expected to grow at a compound annual growth rate of 10%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 RFID Medical Inventory Management Systems Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 RFID Medical Inventory Management Systems Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 RFID Medical Inventory Management Systems Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the RFID Medical Inventory Management Systems Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global RFID Medical Inventory Management Systems Market Size & Forecast, 2018-2028
4.5.1 RFID Medical Inventory Management Systems Market Size and Y-o-Y Growth
4.5.2 RFID Medical Inventory Management Systems Market Absolute $ Opportunity
Chapter 5 Global RFID Medical Inventory Management Systems Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 RFID Medical Inventory Management Systems Market Size Forecast by Type
5.2.1 Standard Form RFID Medical Inventory Management Systems
5.2.2 Customized Form RFID Medical Inventory Management Systems
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global RFID Medical Inventory Management Systems Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 RFID Medical Inventory Management Systems Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Large Clinic
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global RFID Medical Inventory Management Systems Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 RFID Medical Inventory Management Systems Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America RFID Medical Inventory Management Systems Analysis and Forecast
9.1 Introduction
9.2 North America RFID Medical Inventory Management Systems Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America RFID Medical Inventory Management Systems Market Size Forecast by Type
9.6.1 Standard Form RFID Medical Inventory Management Systems
9.6.2 Customized Form RFID Medical Inventory Management Systems
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America RFID Medical Inventory Management Systems Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Large Clinic
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe RFID Medical Inventory Management Systems Analysis and Forecast
10.1 Introduction
10.2 Europe RFID Medical Inventory Management Systems Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe RFID Medical Inventory Management Systems Market Size Forecast by Type
10.6.1 Standard Form RFID Medical Inventory Management Systems
10.6.2 Customized Form RFID Medical Inventory Management Systems
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe RFID Medical Inventory Management Systems Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Large Clinic
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific RFID Medical Inventory Management Systems Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific RFID Medical Inventory Management Systems Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific RFID Medical Inventory Management Systems Market Size Forecast by Type
11.6.1 Standard Form RFID Medical Inventory Management Systems
11.6.2 Customized Form RFID Medical Inventory Management Systems
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific RFID Medical Inventory Management Systems Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Large Clinic
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America RFID Medical Inventory Management Systems Analysis and Forecast
12.1 Introduction
12.2 Latin America RFID Medical Inventory Management Systems Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America RFID Medical Inventory Management Systems Market Size Forecast by Type
12.6.1 Standard Form RFID Medical Inventory Management Systems
12.6.2 Customized Form RFID Medical Inventory Management Systems
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America RFID Medical Inventory Management Systems Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Large Clinic
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) RFID Medical Inventory Management Systems Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) RFID Medical Inventory Management Systems Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) RFID Medical Inventory Management Systems Market Size Forecast by Type
13.6.1 Standard Form RFID Medical Inventory Management Systems
13.6.2 Customized Form RFID Medical Inventory Management Systems
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) RFID Medical Inventory Management Systems Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Large Clinic
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 RFID Medical Inventory Management Systems Market: Competitive Dashboard
14.2 Global RFID Medical Inventory Management Systems Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 LogiTag Systems
14.3.2 Mobile Aspects
14.3.3 TAGSYS RFID
14.3.4 Terson Solutions
14.3.5 WaveMark
14.3.6 Sato Vicinity
14.3.7 Grifols
14.3.8 Skytron
14.3.9 Palex Medical
14.3.10 Nexess
14.3.11 Abbott
