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Internet of Things to Shape the Future

The research service provides an overview of the application of radio frequency identification (RFID) in the healthcare industry. It specifically focuses on RFID smart cabinet systems that track equipment and medical supplies in a healthcare environment. The study aims to analyse the technological advancements in RFID smart cabinet systems and includes the business models of key market participants in this space. It also covers the market adoption for RFID smart cabinet systems by healthcare professionals and discusses the factors that impact such adoption.

Key Findings
- Adoption of radio frequency identification (RFID) is increasing in the healthcare and pharmaceutical industries, especially in the areas of assets tracking, supply chain management, and inventory management.
- Hospitals are the major end users of RFID smart cabinets, with catheterisation laboratories (cath labs), operating rooms (ORs), and surgical departments being the major application areas.
- Pharmaceuticals are employing RFID to prevent counterfeit drugs from entering the supply chain. RFID is also being used in warehouse management.
- The uptake of RFID smart cabinets, currently medium, is likely to be high over the next - years.
- The growing need to improve efficiency and outcome in healthcare settings is a major driver for the utilisation of RFID smart cabinets in inventory management and asset tracking of equipment and supplies.
- Going forward, RFID cabinets with integrated analytics based on cloud and accessed through webbased applications will see greater demand under the influence of Internet of Things (IoT) and Near Field Communication (NFC).
- There will be a growing demand for virtual management and managed services compared to outright purchase of cabinets, as capital expenses and overhead costs are minimum.
- In the near future, vendors of supplies and equipment will provide hospitals with their products in RFID cabinets for tracking their real-time consumption.
- Going forward, hardware of RFID cabinets will not be limited to a storage shelf that can be tracked, and will tend to be a space which can be monitored in real time with access to cloud and analytics platforms.

Table Of Contents

Market Opportunity for RFID Smart Cabinet Systems in Healthcare
Executive Summary
Key Findings
Research Methodology
Research Scope

Overview of RFID in the Healthcare Industry
Market Background and Definitions
RFID for Healthcare and Pharmaceuticals
Application Areas for RFID

RFID Smart Cabinet Systems
Introduction—RFID Smart Cabinet Systems
Application Areas
Market Penetration in Application Areas

Europe Market Analysis
Market Challenges in Europe
Force-Field Analysis of Market Drivers and Restraints
New Market Opportunities and Trends
Business Models
Pricing Analysis
Regulatory Environment

Competitive Landscape
Competitive Structure
Comparative Analysis of Key Market Participants

Key Market Participants

Conclusion
In the Future—Evolving Market Landscape
Legal Disclaimer

Appendix
List of Acronyms Used
Additional Sources of Information

The Frost and Sullivan Story
Value Proposition—Future of Your Company and Career
Global Perspective
Industry Convergence
360º Research Perspective
Implementation Excellence
Our Blue Ocean Strategy

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