RFID Enabled Smart Cabinets Market
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.