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This report describes RFID (Radio Frequency IDentification) potential and opportunities worldwide, outlines key market trends and dynamics, and provides a number of case studies to show value and return on investment examples.
RFID offers various solutions for the main segments of the healthcare industry—hospitals and nursing homes, pharmaceutical manufacturers, distributors, and pharmacies.
This report defines the market for RFID opportunities in the healthcare industry focusing on five general market segments:
Pharmaceutical/Blood Product Distribution and Tracking
Patient/Medical Staff Identification and Tracking
Medical Asset Tracking and Locating
Implantable Device RFID use
Other areas (including medical documents and patient records)
Market estimates and forecasts are provided for each segment.
The main users of RFID technology in the healthcare sector include hospitals, pharmaceutical manufacturers, nursing homes, and pharmacies.
In the pharmaceuticals sector, RFID has been deployed by a number of companies, primarily for supply chain management applications. In most cases, the technology has been deployed for particular applications or a part of the business.
The number of nursing homes, and pharmacies and drug stores witnessed a small decline during the first half of this decade. The aging population in the US and the increased prevalence of Alzheimer's disease and other conditions are driving the adoption of RFID-enabled systems in nursing homes.
Approximately 30 percent of nursing homes in the US are making use of various RFID-enabled applications such as wander-prevention systems. Adoption of RFID by pharmacies operating independently is estimated to be relatively low due to the high investment cost. The adoption is expected to increase in the future as the infrastructure cost is likely to decrease.
As part of its coverage of RFID in global healthcare the report discusses the following trends:
Healthcare Establishment Statistics
U.S. Healthcare Employment Projections
Aging Population
RFID Emissions may Affect Certain Medical Devices
Active RFID and Wi-Fi Networks in Healthcare Applications
Hospital Inefficiency
Counterfeit Drugs
Global Counterfeiting
Benefits of Improving Product Management
Regulatory Compliance to Control Drug Counterfeiting
Electronic Pedigree and the National Association of Boards of Pharmacy
Return on Investment (ROI)
Improved Inventory Control
Prescription Sample Control
Health and Safety Concerns
Smaller, Faster Chips
Other Uses of RFID in Healthcare
“Never Events” Reimbursement
Signal Transmissions
Existing Technologies
Uniform Regulation and Standardization
Public Privacy Concerns
This Kalorama Information market research report was constructed using both primary and secondary sources, including a search of trade and medical literature, annual reports, and interviews with executives at companies in the industry.
The following companies are profiled in the report:
3M
Alien Technology
Blue Vector
Hewlett-Packard
International Business Machines (IBM)
Intermec, Inc.
Motorola 145
PositiveID (previously VeriChip)
Solstice Medical
SupplyScape
Tagsys, Inc.
Versus Technology
Zebra Technologies
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