On an average, a hospital loses more than 15% of its assets in a year owing to fraud or misplacement of hospital supplies. In order to eliminate such losses and enhance time efficiency, hospitals are focusing on upgrading their infrastructure and incorporating radio-frequency identification (RFID) technology to keep track of their inventories. Therefore, the healthcare sector is the predominant end-user of RFID smart cabinets, accounting for 90%-95% of the revenue share in 2015.The efficient inventory management is the prime advantage of RFID smart cabinets. A number of hospitals across the world are adopting RFID smart cabinets for effective inventory management as the cabinets help increase savings, perform real-time tracking, and are less prone to errors.In terms of revenue contribution, the Americas dominated the market in 2015 due to the presence of advanced healthcare infrastructure. The majority of the revenue in this region comes from the US. APAC will register the highest CAGR of 19.47% during the forecast period due to improving healthcare infrastructure.Healthcare reforms, part of five-year plans in countries such as China and India,are focused on strengthening the healthcare infrastructure. With growing awareness about new technologies, emerging countries are adopting these advanced technologies across applications, sectors, and industries.

PART 01: Executive summary 6

Highlights 6

PART 02: Scope of the report 8

Market overview 8

Vendor offerings 11

PART 03: Market research methodology 13

Research methodology 13

Economic indicators 13

PART 04: Introduction 14

Key market highlights 14

PART 05: RFID technology overview 16

Components of RFID system 16

RFID cost structure 26

PART 06: RFID market overview 28

PART 07: RFID smart cabinet market landscape 29

Market overview 29

Market size and forecast 31

Five forces analysis 34

PART 08: Market segmentation by application 35

PART 09: Geographical segmentation 36

Americas 38

EMEA 39

APAC 39

PART 10: Market drivers 41

Growing need for inventory management in hospitals 41

Rising government funding for hospitals 41

Increasing healthcare spending 42

Supply chain inefficiencies 43

PART 11: Impact of drivers 45

PART 12: Market challenges 46

Intense competition 46

Low market penetration 46

High cost of operation 46

Decline in customer base 47

PART 13: Impact of drivers and challenges 48

PART 14: Market trends 49

Growing awareness of RFID technology 49

Rapid technological advances in RFID 49

Increasing government regulations and aid 50

High R&D spending by vendors 50

Increase in number of diagnostic centers and state-ofthe-art hospitals 50

PART 15: Vendor landscape 52

Competitive scenario 52

Vendors 53

Other prominent vendors 56

PART 16: Market summary 57

PART 17: Appendix 58

List of abbreviations 58

PART 18: Explore Technavio 59