RFID has made a significant impact
on the healthcare industry over the past few years. The technology has been
instrumental in reducing manual efforts in maintaining, tracking and managing
inventory in hospitals and promises to reduce losses and misplacement of
supplies. This report analyzes the market segment that deals particularly with
RFID Smart Cabinets. These cabinets are responsible for the tracking of
expensive drugs and devices, maintaining the viability of drugs by alerting the
medical team in case any drug has expired. The study covers market dynamics
such as drivers, restraints and opportunities in this area. The market also
analyzes the volume of sales of these cabinets in the countries analyzed in the
report based on the average selling price of the devices procured through
device manufacturers, blogs, magazines and expert interviews. RFID smart
cabinet installation is preceded by a consulting process, where the
manufacturer and hospital, work in collaboration to get the best results from
investing in the technology. The time period considered for this study extended
from 2010 as the historical year with 2011 as base year and an estimation
forecast from 2012 to 2018.
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The geography considered for
analyzing the market has been divided into areas of North America, Europe,
Asia-Pacific and Rest of the World. North America region analyzes the market
for countries of Canada, United States and Mexico. The European region
comprises of the markets of United Kingdom, France, Germany, Spain, Belgium,
Netherlands and Poland. Asia-Pacific accounts for the market in countries of
Australia, Japan, China and India. The Rest of the World region comprises of
Middle East and Latin American countries of Brazil, Argentina and Chile. The
hospital infrastructure has been analyzed in-depth for each country taking into
account the effects of investments by private organizations and the government
regulations. A PESTLE analysis has been carried out on the above mentioned
countries in order to gain a competitive perspective to this market in the near
future.
The study presents several other
analyses such as the attractiveness and opportunities of the market in terms of
geography and growth. A Porter’s Five Forces Analysis highlights the different
factors affecting the market, device prices and business competition. The key
competitor analysis or market share analysis is carried out to present a leader
board for this market in terms of several cumulative factors such as revenue
generation, service, cost of installation and brand recall among medical
professionals.
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