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Healthcare Sector to steer the Steady Growth of the Global UHF RFID (RAIN) Market

Inkwood Research projects that the Global UHF RFID (RAIN) Market is set to grow with a CAGR of 11.59% in terms of revenue during the forecasting years of 2021-2028.

“Browse 41 Market Data Tables and 43 Figures spread over 185 Pages, along with an in-depth TOC on the Global UHF RFID (RAIN) Market Forecast 2021-2028.”

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A UHF RFID reader uses a UHF (ultra-high frequency) range between 840 MHz and 960 MHz. RFID reader emits radio waves of particular frequencies through RFID antennas. The data processed by the reader can be integrated into the application.

RFID Technology Use in the Healthcare Sector fuels Market Growth

The healthcare industry benefits from RFID with regard to efficiencies in patient care, patient safety, tracking, etc. RFID tags can minimize misidentification issues in healthcare and authenticate patients and medicals staff during interventions like blood sampling and medication administration. In addition, the technology can aid in tracking patients and equipment, especially wandering patients with elopement risk, like those suffering from dementia and Alzheimer’s. Also, in newborn monitoring, the technology aids in matching newborns and prevent abduction risks.

Furthermore, the technology can enhance hand hygiene tracking compliance and practices, thereby minimizing hospital-acquired infections. Also, the technology can automatically track product receipt and inventory management. It can improve efficiency over standard barcode technology by reading multiple tags at once. Such aspects of the technology drive its use in the healthcare sector.



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Fastest-Growing Component: Software

There has been an increasing demand for UHF RFID software in the technology sector. This is because the solutions simplify the deployment time and reduce the deployment costs significantly. These benefits have attracted several end-users.

Also, with the rising demand for software, most UHF RFID (RAIN) companies are offering solutions. For example, Zebra Technologies Corp provides RFID reader solutions for several industries like manufacturing, warehouse & distribution, retail, manufacturing, banking, etc.

Dominating Region: North America

The surging growth of the retail sector in North America is raising the demand for UHF RFID technology. This is because the technology aids in tracking inventory efficiently. Therefore, the companies are developing the technology to accommodate the increasing needs of the retail sector. Also, the region is a leader with regard to the adoption of automation.

The growing competitive rivalry in the market is attributed to the flourishing e-commerce sector. Lowry Solutions Inc, Impinj Inc, Linxens, Murata Manufacturing Co Ltd, Invengo Technology PTE Ltd, etc., are among the eminent market players.

About Inkwood Research

Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy, with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.

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