Global RFID in healthcare market is expected to reach USD 4,866 million by 2022, according to a new study by Grand View Research, Inc. Major factors facilitating its growth include increasing usage of RFID technologies pertaining to product & patient tracking and technological advancement such as the development of novel products which include Smart Face Technology & TexTrace RFID tag. Furthermore, improvements pertaining to efficiency of supply chain and inventory accuracy are expected to significantly drive the levels of RFID adoption in healthcare during the forecast period. According to the data published by the National Institutes of Health in 2013, stated that each year nearly 98,000 deaths are caused in hospitals due to medical errors. Such escalating statistics has prompted the growth of RFID in healthcare market over the forecast period.
http://www.grandviewresearch.com/industry-analysis/rfid-in-healthcare-market
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