RFID Smart Cabinets Market

RFID Smart Cabinets Market Can Grow With
Optimum Resources at 2025
“The global RFID (Radio-frequency Identification) Smart Cabinets Market is anticipated
to witness exponential growth in the forecast period. RFID smart cabinets imply a
progressive solution for handling high-value medical devices and consignment stock.”
The global RFID (Radio-frequency Identification) Smart Cabinets Market is anticipated to witness exponential growth in
the forecast period. RFID smart cabinets imply a progressive solution for handling high-value medical devices and
consignment stock. With the assistance of RFID smart cabinets, medical components or devices and consignment stock
can be managed in real time to remove stock-outs and expired items.
Factors, such as increasing inventory management in healthcare infrastructure and supply-chain efficiencies,
technological advancement, increasing R&D research, rising government expenditure on hospitals, widespread
awareness among patients and expanding telecommunications sector are likely to drive the RFID smart cabinets industry
in the forthcoming period.
On the other hand, lack of awareness about the benefits of RFID smart cabinets and increase in strict government rules
and regulations regarding personnel and safety quality control is anticipated to hinder radio-frequency identification
smart cabinets market growth in future. However, established healthcare infrastructure is likely to create lucrative
opportunities for the market. RFID (radio-frequency identification) smart cabinets industry is anticipated to expand at a
significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.
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RFID smart cabinet market could be explored by type, product type, deployment, application, and geography. The market
could be explored by type as Standard Form and Customized Form. Based on product type, the radio-frequency
identification smart cabinets industry could span RFID Antenna, RFID Reader, RFID Tag, and Others. Based on
deployment, the industry could span as on-premises and cloud.
The key applications that could be explored in the RFID (radio-frequency identification) smart cabinet market include
Healthcare and Others (discrete manufacturers, retailers, and organizations). The “Healthcare” segment accounted for a
prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could

be attributed to the growth of the market include the rising need for inventory management in hospitals. In this
segment, RFID smart cabinets support to decrease shrinkage and progresses the overall supply chain performance.
North America is a leading region in the market. It is likely to maintain its dominance in the forecast period owing to
factors, such as the important implementation of RFID enabled smart cabinets among different medical institutions,
development in technologies, better government initiatives, increasing consciousness, booming healthcare sector and
surge acceptance of RFID smart cabinets owing to growing affordability. North America is followed by the Asia-Pacific
region owing to the affordability of hospitals, growing awareness. India and China are the major dominating region in
Asia-Pacific.
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Key players operating in the RFID smart cabinet industry include Terson Solutions, solstice Medical, Wave Mark, LogiTag,
SATO Vicinity, Nexess, Skytron, Mobile Aspects Inc., Invengo Technology BV, SkyeTek and among others. The leading
companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic
growth of the industry.
Market Segment:
RFID Smart Cabinet Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• Belgium
• Poland
• Netherlands
• Spain
• Germany
• U.K.
• France
• Asia Pacific
• Japan
• China
• India
• Australia
• Central & South America
• Brazil
• Argentina
• Chile
• Middle East & Africa
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