Global $1.4 Billion RFID Smart Cabinets Market Analysis 2014-2025

The global Radio-frequency identification (RFID) smart cabinet market is expected to reach USD 1.4 billion by 2025

Globally, growing need for inventory management in hospitals has led to increased demand and thereby market growth.

Furthermore, advantages associated with RFID smart cabinets such as accuracy, real-time tracking, and lesser inventory waste and equipment losses. All the above factors, decreases the operational cost of hospitals and hence number of hospitals across the globe started to adopt RFID smart cabinets for tracking of various items.

North America dominated the Radio-frequency identification smart cabinet market due to the local presence of market players, government initiatives, availability of innovative products, and advanced healthcare infrastructure. For instance, in March 2015, SATO, a provider of auto-id solutions published their new SATO PJM RFID Smart Cabinet at an annual meeting of the American Academy of Orthopaedic Surgeons, 2015. Other than orthopedic, the device is applicable in management of diamonds. Pharmaceuticals, and other high-value items. 

Further key findings from the report suggest:

Key Topics Covered:

1 Methodology and Scope

2. Executive Summary

3. RFID Smart Cabinet Industry Outlook

4. RFID Smart Cabinet Market: Regional Outlook

5. Competitive Landscape

6. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/rnqwxj/rfid

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