Global RFID Smart Cabinets Sales Market Size, Industry Analysis, Segmentation and Forecast to 2025

This report studies the global RFID Smart Cabinets market status and forecast, categorizes the global RFID Smart Cabinets market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).

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).

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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.

The global RFID Smart Cabinets market is valued at 560 million US$ in 2017 and will reach 1290 million US$ by the end of 2025, growing at a CAGR of 11.0% during 2018-2025.

The major players covered in this report

•     Mobile Aspects
•     Tagsys RFID group
•     LogTag
•     Stanley Innerspace
•     Terson Solutions
•     Solstice Medical

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering

•     United States
•     Europe
•     China
•     Japan
•     Southeast Asia
•     India

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