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Published: Apr, 2014 | Pages:
82 | Publisher: Grand View Research
Industry: Medical Devices | Report Format: Electronic (PDF)
The global RFID smart cabinets market revenue is expected to reach USD 784.6 million by 2020, growing at a CAGR of 11.5% from 2014 to 2020. Rising initiatives undertaken by healthcare institutions to curb costs via the adoption of an efficient inventory management solution is expected to be a key driver for RFID smart cabinet demand. The report also observes that government regulations aimed at efficient inventory management of medical supplies in healthcare institutions coupled with the current low market penetration rate of RFID technologies in these institutions is expected to fuel market demand over the next six years.
Growing adoption rates of healthcare information technologies and the entry of private healthcare establishments into emerging markets such as India, China, Brazil and Argentina is also expected to drive market growth over the next six years. The implementation of healthcare reforms such as the 12th Five Year Plan in China aimed at providing healthcare to all its citizens via healthcare infrastructure strengthening and other regulatory initiatives are expected to be critical for market development over the next six years.
Further key findings from the study suggest:
Asia Pacific and the Latin American RFID smart cabinets market are expected to be two of the fastest growing regional markets during the forecast period, at an estimated CAGR of 13.3% and 12.5% from 2014 to 2020, respectively. Rapid rise in RFID technology adoption by healthcare institutions induced by recent economic developments is the most important factor responsible for such high growth rates in these regions.
North America dominated the global RFID smart cabinet demand in 2013, on account of the high usage rates of these cabinets in the U.S. The North America RFID smart cabinets market was estimated at USD 193.6 million in 2013, and was dominated by the U.S. in terms of revenue share at over 80%.
RFID smart cabinets market is dominated by regional market players competing on the basis of technology and price. Some of the major market participants of the RFID smart cabinets market include WaveMark, Terson Solutions, Solstice Medical, Mobile Aspects Inc., LogiTag, Tagsys and others.
For the purpose of this study, Grand View Research has segmented the global RFID smart cabinets market on the basis of region:
RFID Smart Cabinets Regional Outlook (Revenue, USD Million; 2012-2020)
North America
U.S.
Canada
Mexico
Europe
Belgium
Poland
Netherlands
Spain
Germany
U.K.
France
Latin America
Brazil
Argentina
Chile
Asia Pacific
China
India
Japan
Australia
RoW
Regional coverage of the database includes:
North America
Latin America
Europe
Asia Pacific
RoW
Table of Contents
Chapter 1. Executive Summary 1.1. RFID Smart Cabinets - Industry Summary and Critical Success Factors (CSFs) Chapter 2. RFID Smart Cabinets Industry Outlook 2.1. Market Segmentation 2.2. Market Size and Growth Prospects 2.3. RFID Smart Cabinets Market Dynamics 2.3.1. Market Driver Analysis 2.3.2. Market Restraint Analysis 2.4. Key Opportunities Prioritized 2.5. Industry Analysis - Porter's 2.6. RFID Smart Cabinets - Company Market Share Analysis 2.7. RFID Smart Cabinets Market PESTEL Analysis, 2012 Chapter 3. RFID Smart Cabinets Regional Outlook 3.1. North America 3.1.1. RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.1.2. U.S. RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.1.3. Canada RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.1.4. Mexico RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2. Europe 3.2.1. RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2.2. Belgium RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2.3. Poland RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2.4. Netherlands RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2.5. Spain RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2.6. Germany RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2.7. UK RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.2.8. France RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.3. Asia Pacific 3.3.1. RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.3.2. China RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.3.3. India RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.3.4. Japan RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.3.5. Australia RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.4. Latin America 3.4.1. RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.4.2. Brazil RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.4.3. Argentina RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.4.4. Chile RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) 3.5. RoW 3.5.1. RFID Smart Cabinets Market Estimates and Forecasts, 2012 - 2020 (USD Million) Chapter 4 Competitive landscape 4.1 LogTag 4.1.1 Company Overview 4.1.2 Financial Performance 4.1.3 Product Benchmarking 4.1.4 Strategic Initiatives 4.2 Mobile ASpects Inc. 4.2.1 Company Overview 4.2.2 Financial Performance 4.2.3 Product Benchmarking 4.2.4 Strategic Initiatives 4.3 Solstice Medical LLC 4.3.1 Company Overview 4.3.2 Financial Performance 4.3.3 Product Benchmarking 4.3.4 Strategic Initiatives 4.4 Stanley Innerspace 4.4.1 Company Overview 4.4.2 Financial Performance 4.4.3 Product Benchmarking 4.4.4 Strategic Initiatives 4.5 Tagsys RFID Group 4.5.1 Company Overview 4.5.2 Financial Performance 4.5.3 Product Benchmarking 4.5.4 Strategic Initiatives 4.6 Terson Solutions Inc. 4.6.1 Company Overview 4.6.2 Financial Performance 4.6.3 Product Benchmarking 4.6.4 Strategic Initiatives 4.7 WaveMark Inc. 4.7.1 Company Overview 4.7.2 Financial Performance 4.7.3 Product Benchmarking 4.7.4 Strategic Initiatives Chapter 5. Methodology and Scope 5.1. Research Methodology 5.2. Research Scope & Assumption 5.3. List of Data Sources List of Tables
RFID Smart Cabinets - Industry summary & Critical Success Factors (CSFs) Global RFID Smart Cabinets revenue, 2012 - 2020 Global RFID Smart Cabinets market revenue by region, (USD million), 2012 - 2020 North America RFID Smart Cabinets demand, by country, (USD million), 2012 - 2020 Europe RFID Smart Cabinets demand, by country, (USD million), 2012 - 2020 Asia Pacific RFID Smart Cabinets demand, by country, (USD million), 2012 - 2020 Latin America RFID Smart Cabinets demand, by country, (USD million), 2012 - 2020 RoW RFID Smart Cabinets demand, by country, (USD million), 2012 - 2020 Global RFID Smart Cabinets Market - Competitive Landscape List of Figures RFID Smart Cabinets Market Segmentation Global RFID Smart Cabinets Market Revenue, 2012 - 2020 RFID Smart Cabinets Market Dynamics RFID Smart Cabinets Company Market Share Analysis, 2012 Key Opportunities Prioritized Industry Analysis - Porter's RFID Smart Cabinets PESTEL Analysis, 2012 U.S. RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Canada RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Mexico RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Belgium RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Poland RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Netherlands RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Spain RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Germany RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) UK RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) France RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) China RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) India RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Japan RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Australia RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Brazil RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Argentina RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) Chile RFID Smart Cabinets Market Revenue, 2012 - 2020 (USD million) RFID Smart Cabinets market - company market share analysis, 2013 (%)
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