In a recent published report, Kenneth Research has updated the market report for RFID in Healthcare Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for RFID in Healthcare Market products.
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At Verified Market Intelligence, we provide a market study that encompasses both qualitative and quantitative assessments of latest trends for the market segmentations classified by our analysts. According to Verified Market Intelligence, the Global RFID in Healthcare Market was valued at USD 2.86 billion in 2017 and is projected to reach USD 12.02 billion by 2025, growing at a CAGR of 19.6% from 2018 to 2025.
With growing advancement in technology, consumer convenience tops the priority list of manufacturers. To track the device and provide information regarding the product, component designers have introduced a new concept of radio frequency identification (RFID). This has flourished in healthcare marketplace as the companies from healthcare domain are readily incorporating this unique identification code which can help healthcare professionals to fetch information about any particular device or equipment.
Increasing operational efficiency in the healthcare management system and the advantages of RFID over ordinary tags has been driving the global RFID market in healthcare marketplace. Apart from this, privacy concerns and difficulties in scaling the product might hamper the overall growth rate of global RFID in healthcare market.
The â€œGlobal RFID in Healthcare Marketâ€ study report will provide a valuable insight with an emphasis on the global market including some of the major players such as Brooks Automation, Grifols, Wurth Group, Log Tag, Terso Solutions, Logi Tag, Wave Mark, Mobile Aspects, Hurst Green Plastics, Tagsys RFID Group, Pepperl+Fuchs, Stanley Innerspace, Datelka, Metra Tec GmbH and Bollhoff Group. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
As a part of market estimation, the study also comprises a list of tables and figures for the â€œGlobal RFID in Healthcare Marketâ€ which focuses on a constructive knowledge essential for the companies or individuals interested in the market study report. As a part of market segmentation, our study exhibits a market analysis on the basis of type, industry application and geography.
On the basis of type, the Global RFID in Healthcare Market can be categorized into two sections; product and application. This market study analyses the industry for Global RFID in Healthcare based on these divisions. RFID in Healthcare’s products are divided into RFID Systems and RFID tags. The industry is then sectioned by application which includes injection safety, infection control, tracking prescription drugs and others. In terms of geography, Asia Pacific accounts for the fastest growing market due to the presence of numerous developing countries in this region along with their emerging markets. The Chinese market has a major share in this region.
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