SOURCE: MarketResearch.com

MarketResearch.com

July 26, 2011 09:08 ET

RFID Market in the Healthcare Industry to Grow 29% Annually Through 2014

ROCKVILLE, MD--(Marketwire - Jul 26, 2011) - MarketResearch.com has announced the addition of the new report "RFID in Healthcare Industry 2010-2014," to their collection of Healthcare market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6459396

Research reveals that the Radio-frequency Identification (RFID) market in the Healthcare industry is expected to grow at a CAGR of 29 percent. This report, which examines the Americas, EMEA, and APAC regions, indicates that the market is currently being driven by the expected fall in the price of RFID tags.

"The cost of RFID tags is expected to fall below the average price in the coming years. In addition, innovative tag designs with technological advances in the fabrication and manufacture of chips are also expected to reduce the cost of tags, which will further drive the RFID market, especially in the Healthcare industry," reports an analyst.

In spite of the demand for RFID tags in the Healthcare industry, privacy and safety concerns are hindering the growth of this market. However, the urgent need to streamline operations in the Healthcare industry is expected to drive the market. Moreover, the RFID market in the Healthcare industry is witnessing the introduction of next generation RFID tags.

These are just some of the important findings presented in the report that will enable companies to fully understand the potential in this market and formulate their own strategies.

The report, "Radio-frequency Identification Market in the Healthcare Industry 2010-2014," is based on extensive research conducted with industry experts, vendors, and end-users. It examines the key trends, drivers, and challenges impacting the evolution of this market. The report also contains an in-depth discussion and SWOT analysis of each of the key vendors in this market.

Companies mentioned in this report include: Motorola Solutions, Alien Technology, IBM, Intermec Inc., and Impinj.

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=6459396

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