Incorporating RFID into Healthcare

The global radio frequency identification (RFID) market for healthcare is expected to soar to a market worth of nearly $4.9 billion by 2022, according to Grand View Research. Behind the explosive growth: the value and efficiency RFID technology promises to bring to healthcare organizations and the added level of security and safety it promises to bring to patients. RFID represents a broad category encompassing many types of smart labels. According to Marsha Frydrychowski, who leads marketing efforts for label manufacturer Resource Label Group, the technology offers “potentially limitless applications for driving accuracy and value for the healthcare industry. As hospitals, labs and entire supply chains adopt RFID technologies, they become smarter.