RFID (radio frequency identification) tagging has gained ubiquity in several applications. Since its evolution in 1970s, the volumes of information that can be stored using RFID technology have made it a versatile tracking system.
The application of RFID tagging for tracking stationary as well as mobile inventory in various industries has spurred sales. The use cases of RFID tags are growing in asset management across diverse industries. The U.S. RFID tags market has been witnessing enormous revenue possibilities especially from the penetration of healthcare tags among healthcare providers.
RFID can transfer diverse data, making the technology useful in health care and hospital settings. At a basic level, solutions in the U.S RFID tags market have been widely used for tracking patients particularly infants and elderly. For instance, RFID tagging brought down abduction prevention. The real-time tracking feature has anchored RFID-enabled systems as a popular asset for healthcare facilities. Tellingly, continuous focus on lowering the price points will steer the preference of the technology over barcode scanners in several of the applications.
Hospitals Harnessing RFID Tags for Patient’s Safety
With advances in wireless connectivity and strides in the IoT framework, RFID tags are being promoted as a vital healthcare IT, by both industry players and the U.S. government. The applications spanned across various hospital workflows, expanding the revenue potential of the U.S. RFID tags market. Of note, the adoption of RFID solutions is occupying a key role in promoting patient’s safety.
One of the emerging applications of RFID has been in hand hygiene tracking practices and compliance. A number of real-time automated continuous recording system based on RFID has been commercialized over the past few decades. The revenues of the RFID tags market have thus grown. During the COVID-19 pandemic, healthcare facilities have been leveraging automated hand-hygiene systems for improving safety. Future advancements in increasing the efficiency and accuracy of the data transfer will make RFID tags more useful in healthcare facilities, and will thus enrich the value chain of the U.S. RFID tags market.