Furthermore, high cost incurred due to medication expiration, increasing demand for FIFO system and the implementation of lean inventory management is expected to boost market growth over the forecast period. —
North America held majority of the market in 2013, with revenue estimated at USD 97.5 million. Economic development, increasing demand for process optimization, rising awareness level amongst healthcare organizations pertaining to the benefits associated with RFID kanban systems are some major drivers of this market.
Browse Detail Report with TOC @
The presence of a large gap between the need for hospital inventory management and availability of real time inventory management solutions has resulted in high growth potential for the U.S. market. RFID based kanban systems have been incorporated by certain healthcare facilities. However, a large percentage of hospitals have yet to make this transition.
Further key findings from the study suggest:
The U.S. RFID kanban systems market was valued at USD 76.9 million in 2013. The incorporation of RFID kanban systems brings down the overall inventory ordering, shortage, carrying and purchase costs by as much as 30%. This cost reduction incentive acts as the most important driver for the RFID based kanban systems market in the region.
The Japanese RFID kanban systems market is expected to grow at a CAGR of over 23.8% from 2014 to 2020. Owing to the fact that the kanban system was initially developed in Japan, there has been significant development since then in the country for the purpose of automating the two bin kanban system.
There has been prototype deployment of RFID kanban systems in Japan and it is expected that there will be growing demand for further such implementation in the Japanese hospitals to further improve healthcare services.
Some key market players of RFID Kanban systems include Brooks Automation, Grifols, Hurst Green Plastics Ltd., Wurth Group, Bollhoff Group, Pepperl+Fuchs, Datelka, Metra Tec GmbH, Logi-Tag and Mattteo.
In order to develop cost effective and technologically advanced products, manufacturers in the market are involved in rigorous R&D. For Instance, LogiTag released a new mobile app for hospital inventory management and charge capture.
Request a Sample Copy of This Report @
Table of Contents
Chapter 1 Executive Summary
Chapter 2 RFID Kanban Systems Industry Outlook
Chapter 3 RFID Kanban Systems Regional Outlook
Chapter 4 Competitive Landscape
Chapter 5 Methodology and Scope
List of Tables
TABLE 1 RFID Kanban Systems - Industry summary & Critical Success Factors (CSFs)
TABLE 2 Global RFID kanban systems market, by geography, 2012 - 2020 (USD Million)
TABLE 3 RFID kanban systems - Key market driver analysis
TABLE 4 RFID kanban systems - Key market restraint analysis
For More Reports on "Medical Devices" Visit @
Hexa Reports is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.
Name: Ryan Shaw
Email: Send Email
Organization: Hexa Reports
Address: Felton Office Plaza 6265 Highway 9 Felton, California 95018
Release ID: 123543