restraint for development of RFID market. Although RFID technology
has advantages of automation and accuracy, its acceptance is
impeded because of the expenditure as compared with barcode
technology. This factor is strong particularly in emerging countries,
wherein implementation costs are a substantial deterrent for hospitals.
Cost effective and easy implementation and operation have made
barcode popular across the globe.
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Technological advances have made the RFID market more dynamic,
shrinking the product life cycle. Miniaturized tags have made asset
tracking convenient, especially in hospitals where medical devices can
be continuously tracked or located. RFID tags play a pivotal role in
acceptance of this technology and as per unit price reduces, the