Global Radio Frequency Identification (RFID) in Healthcare Industry is Expected to Reach USD 3,351.6 Million by 2018: Transparency Market Research

Global Radio Frequency Identification (RFID) in Healthcare Industry is Expected to Reach USD 3,351.6 Million by 2018: Transparency Market Research PR Newswire ALBANY, New York, October 9, 2012 ALBANY, New York, October 9, 2012 /PRNewswire/ -- According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com), "RFID in Healthcare Industry - Global Market Size, Share, Growth, Analysis and Forecast, 2012 - 2018," the global Radio-Frequency Identification (RFID) market for healthcare is estimated to be worth USD 1,160.0 million in 2012 and is expected to reach USD 3,351.6 million by 2018, growing at a CAGR of 19.3% from 2012 to 2018. The RFID tags segment occupies about 61% of the global RFID technology in the healthcare market. Browse the full report athttp://www.transparencymarketresearch.com/rfid-in-healthcare.html Major contributing factors for this high growth rate include increasing application of RFID technology in healthcare, rising issues of counterfeiting, need for tracking and localizing medical equipment, and enhancing safety and efficiency of healthcare delivery. The market is also getting support from the fact that the U.S. Food and Drug Administration (FDA) and many other agencies are exerting pressure to explore RFID and other technology to improve quality of patient care.