Market Opportunity for RFID Smart Cabinet Systems in Healthcare

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, according to a new report, which provides an overview of the application of radio frequency identification (RFID) in the healthcare industry

-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 also 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.