RFID Smart Cabinet Market Key Players, Growth Drivers and Challenges to 2025

February 12, 2019:  Global RFID smart cabinet market is segmented into standard form and customized form, based on product. RFID smart cabinet serves multiple objectives for various business domains. One of the most profound uses of RFID smart cabinets caters to hospitals and medical institutions. Using a patent protected RFID technique coupled with point-of-use reporting, smart cabinets enable a precise, real-time inventory management at the stock and inventory level.

Technically, RFID smart cabinet works on RFID principle. RFID labels are placed on item package or box and the item’s barcode gets scanned to enroll into the system. Enrolled stock is then ready for placement in the smart cabinet. Individual stock is then placed on the shelves with the RFID tags facing towards the rear of cabinet. In the end, cabinet doors are closed & items are ready for use.

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On a commercial scale, RFID technologies gain a higher attention from diverse sectors particularly in healthcare areas. Advantages in using RFID smart cabinets enable effortless maintenance, easier tracking and sophisticated managing of inventory. Rising awareness of RFID technology is an ongoing trend in the market. Overall, the RFID smart cabinet market is anticipated to rise at a higher CAGR during the assessment period.

RFID smart cabinet market is driven by factors such as growing awareness by healthcare organizations to cut costs by adopting a competent inventory management solution. Additionally, the growing curve for healthcare technologies and the entry of private organizations into fertile markets such as India, China is also anticipated to grow the market for forecast period. However, a significant number of organizations satisfyingly use manual processes and have display unwillingness towards adoption of modern technologies, such factors are somewhat likely to impede the market growth for the forecast period. RFID smart cabinet market is segmented into hospitals and large clinic, based on end-user. Hospitals are further segmented into medical equipment tracking and medical equipment record maintenance.

APAC regions and Latin American regions are anticipated to grow at a higher CAGR owing to tremendous growth in healthcare organizations encouraged by past economic developments. The key players in the RFID smart cabinet market include LogiTag Systems, Mobile Aspects, TAGSYS RFID, Terson Solutions, WaveMark, Sato Vicinity, Grifols, Palex Medical, and Nexess.

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The regional scope of the study is as follows:

• North America

• United States

• Canada

• Mexico

• Asia-Pacific

• China

• India

• Japan

• South Korea

• Australia

• Indonesia

• Singapore

• Rest of Asia-Pacific

Table of Contents

1 RFID Smart Cabinet Market Overview

2 Global RFID Smart Cabinet Market Competition by Manufacturers

3 Global RFID Smart Cabinet Capacity, Production, Revenue (Value) by Region (2013-2018)

4 Global RFID Smart Cabinet Supply (Production), Consumption, Export, Import by Region (2013-2018)

5 Global RFID Smart Cabinet Production, Revenue (Value), Price Trend by Type

6 Global RFID Smart Cabinet Market Analysis by Application

7 Global RFID Smart Cabinet Manufacturers Profiles/Analysis

8 RFID Smart Cabinet Manufacturing Cost Analysis

9 Industrial Chain, Sourcing Strategy and Downstream Buyers

10 Marketing Strategy Analysis, Distributors/Traders

11 Market Effect Factors Analysis

12 Global RFID Smart Cabinet Market Forecast (2018-2025)

Key points study objectives of this report are:

• To analyze and study the global RFID Smart Cabinet capacity, production, value, consumption, status (2013-2017) and forecast (2018-2025);

• Focuses on the key RFID Smart Cabinet manufacturers, to study the capacity, production, value, market share and development plans in future.

• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.

• To define, describe and forecast the market by type, application and region.

• To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.

• To identify significant trends and factors driving or inhibiting the market growth.

• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.

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