Worldwide Implementation Of Rfid Within Pharmaceuticals

The Global Market for RFID in Healthcare

The Global Market for RFID in Healthcare

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 industryhospitals 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.

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