Healthcare RFID Market Players, Size, Share, Trends, Opportunities, Growth Analysis and Forecast to 2030
Healthcare RFID Market Radiofrequency identification (RFID) is used for patient monitoring, efficiencies in patient care, tracking, and provider satisfaction. RFID is a wireless system that exploits radio waves for collecting data from a tag attached to an object, for several purposes such as automatic identification, and tracking of objects. The Healthcare RFID Market is expected to reach USD 1.89 billion by 2030 at 13.10% CAGR during the forecast period 2023-2030. Additionally, aggressive strategies adopted by the top players and the introduction of new products in the market are fueling the growth of the market during the forecast period. For instance, Alien Technology Corporation, a leader in RFID technology introduced RFID Reader with the ALR-F800-X, the product is known for its use in maintaining the workflow and efficiently handling the data. Also, the company is trying to expand its geographical boundaries by signing distribution agreements. The high costs associated...