Global RFID in Healthcare Market: North America is expected to show high growth rate by 2020

Radiofrequency identification (RFID) refers to a wireless technology that uses radio-frequency waves to identify and track tags which attached to the objects. RFID system comprises of two components including tags and readers. In the process of identification of the object, RFID reader emits radio-frequency waves and receive signals back from the RFID tag. RFID technologies in healthcare help in patient tracking, surgery asset management, wait time monitoring, handwashing, asset management, parking and medication authentication and control. In addition, these technologies also help in facilities management, access control, inventory management, laundry management, document and file tracking and waste management. On the basis of RFID component, RFID in healthcare market can be segmented into RFID tags, RFID readers, RFID cabinets, RFID middleware and RFID printers.