Hexa Reports Industry RFID Smart Cabinets Market | Page 2

Further key findings from the report suggest:
 Increasing demand of Radio-frequency identification smart cabinet across the globe is expected to
propel growth at the strong rate with a CAGR of 11.9% from 2017 to 2025
 The U.S. accounted for the largest share in North America due to local presence of market players and
government support for the better infrastructure in healthcare. WaveMark Inc., Terso Solutions,
Mobile Aspects, and Solstice Medical are some of the major players in the U.S.
 The industry in Asia Pacific is projected to witness strongest growth during the forecast period owing
to growing investment by several clinics and pharmaceutical companies, increasing healthcare
expenditure, and rising awareness about RFID smart cabinet. This region is expected to grow at a CAGR
of 13.5% from 2017 to 2025.
 India is expected to observe the largest growth in Asia Pacific due to implementation of supportive
regulations, growing awareness, and increasing export due to compliance with global standards and
cost effectiveness of devices.
 Economical development in Latin America and investment by pharmaceutical and medical devices
companies are likely to propel the market growth. Furthermore, free trade agreements and proximity
to North America helps to boost the market growth.
 Some key major players include WaveMark, Terso Solutions, Solstice Medical, Mobile Aspects, LogiTag,
Tagsys, and GRIFOLS. The market is dominated by the regional players and competing on the basis of
price and technology. Increasing adoption of RFID smart cabinets in hospitals along with the
pharmaceutical and medical device companies to track the product is likely to drive the market in
coming years.
Request A Sample copy of This Report @ https://www.hexareports.com/report/rfid-radio-
frequency-identification-smart-cabinets-market/request-sample
Table Of Content
Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. RFID Smart Cabinet Industry Outlook
3.1. Market segmentation
Follow Us: