Radio-frequency identification (RFID) uses electromagnetic fields to automatically identify and track tags attached to objects. The tags contain electronically-stored information. Passive tags collect energy from a nearby RFID reader's interrogating radio waves. Active tags have a local power source (such as a battery) and may operate hundreds of meters from the RFID reader. Unlike a barcode, the tag need not be within the line of sight of the reader, so it may be embedded in the tracked object. RFID is one method for Automatic Identification and Data Capture (AIDC). 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. The U.S. created maximum demand in North America for RFID cabinets. Factors such as growing technological advancements and developments in healthcare infrastructure are expected to favor the market demand in North America. Asia-Pacific is expected to emerge as high growth regional market owing to growing demand in countries such as China and India. In 2019, the market size of RFID Smart Cabinets is 560 million US$ and it will reach 1290 million US$ in 2025, growing at a CAGR of 11.0% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period. In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for RFID Smart Cabinets. This report studies the global market size of RFID Smart Cabinets, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia). This study presents the RFID Smart Cabinets production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025. For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019. In global market, the following companies are covered: Mobile Aspects Tagsys RFID group LogTag Stanley Innerspace Terson Solutions Solstice Medical ... Market Segment by Product Type Standard Form Customized Form Market Segment by Application Hospitals Medical Institutions Key Regions split in this report: breakdown data for each region. United States China European Union Rest of World (Japan, Korea, India and Southeast Asia) The study objectives are: To analyze and research the RFID Smart Cabinets status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast. To present the key RFID Smart Cabinets manufacturers, presenting the sales, revenue, market share, and recent development for key players. To split the breakdown data by regions, type, companies and applications To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. To identify significant trends, drivers, influence factors in global and regions To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market In this study, the years considered to estimate the market size of RFID Smart Cabinets are as follows: History Year: 2014-2018 Base Year: 2018 Estimated Year: 2019 Forecast Year 2019 to 2025
Table of Contents 1 Report Overview 1.1 Research Scope 1.2 Major Manufacturers Covered in This Report 1.3 Market Segment by Type 1.3.1 Global RFID Smart Cabinets Market Size Growth Rate by Type (2019-2025) 1.3.2 Standard Form 1.3.3 Customized Form 1.4 Market Segment by Application 1.4.1 Global RFID Smart Cabinets Market Share by Applicatio
