RFID-enabled Smart Cabinets Market to Reach US$ 1,659.8 Million

The global RFID-enabled smart cabinets market is estimated to account for US$ 1,659.8 Mn in terms of value by the end of 2027.

RFID-enabled Smart Cabinets uses electromagnetic fields to automatically identify and track tags attached to objects. These cabinets track drugs and devices and alerts the medical team in case any drug has expired.

Increasing implementation of standard asset management system across hospitals is expected to propel growth of the global RFID-enabled smart cabinets market over the forecast period. Furthermore, major players in the market are focused on launching new products to expand their product portfolio.