Handbook Predicts RFID Hospital Healthcare Market to Hit $8.8 billion by 2010

Sept. 16, 2005
Skyrocketing growth expected for use in asset protection and patient tracking
Business Wire via NewsEdge Corporation :

DUBLIN, Ireland -- RFID & Emerging Technologies Guide to Healthcare predicts that RFID and its related technologies in the hospital marketplace will skyrocket to $8.8 billion by 2010; and that it will be segmented into three general categories:

  • RFID Driven Revenue: Hardware and software integration $1.3 billion.
  • Infrastructure Support for RFID Enablement: Wireless networks--$1.3 billion, Enterprise-related software
  • $1.4 billion.
  • Hospital Connectivity: $4.8 billion.

RFID & Emerging Technologies Guide to Healthcare is a business tool that describes and analyzes the impact that the emerging technologies of RFID (radio frequency identification), wireless and connectivity will have on the healthcare industry and is designed to help companies comprehend the cost implications and benefits of these technologies focuses on the U.S. market, while analyzing, at a general level, the impact international markets will have. The study will have an emphasis on the new medical supply chain and its integrated digital components.

This study is a compendium of today's human and industry drivers. The current status of the healthcare infrastructure, the regulatory environment and the enterprising way government and business are addressing these issues, will determine tomorrow's needs for the healthcare industry and the patients they serve.

Intended Audience
The guide was written for the entire medical and healthcare interest community, but is tailored for readers with an interest in the sales, marketing and management dimensions of emerging technologies, such as

  • Manufacturers, distributors and integrators of RFID, wireless, medical devices, components and associated enterprise and healthcare software.
  • Regulators and health insurers.
  • Investors; and the financial and analyst community.
  • Corporate strategic, marketing executives.
  • Mid-level executive's charged with implementation

Unique Points about This Guide

  • Valuable marketing data concerning clients' attitudes towards these emerging technologies will help companies navigate the multilevel, decision-making process towards successful client-vendor relationships.
  • A competitive analysis comparing over 150 healthcare vendors, their associated technologies, and market strategies projections
  • In-depth analysis of government funds availability to aid in the adoption of technology in healthcare.
  • Specific combined market projections that have never been publicly distributed, through 2010.
  • Asset Tracking
  • Instrument Tracking
  • Patient Tracking
  • Hazardous Materials Tracking
  • Wireless Network Growth
  • Medical Device Connectivity
  • Enterprise Healthcare Software Suite Projection Provides the facts of what it means to be RFID Pharma compliant

Other sections of this report cover the following:

  • Major product types and applications, both commercial and developmental
  • U.S. market size and segmentation, including historical data on sales by application, product type, and end-user group
  • Market drivers and constraints
  • Detailed U.S. market projections through 2010
  • Industry structure, competition and market shares
  • All these factors may influence the long-term market of the emerging technologies of RFID, wireless, and connectivity in the healthcare industry.
  • How to achieve RFID Pharmaceutical FDA Compliance.

(c) 2005 Business Wire