RNCOS Research: RFID Technology - Emerging Support For Healthcare Market
RNCOS Research: (http://www.marketsmonitor.com/category/COM32.html) RFID technology is making its ground in the healthcare industry. It is expected that 23% of healthcare organizations are implementing RFID solutions, which is aimed to increase the level of security for the patients.

/Radio News Articles/ - NEW DELHI, INDIA, April 06, 2006 - RNCOS Research: (http://www.marketsmonitor.com/category/COM32.html) In the 21st century medical delivery system, RFID technology has a very important contribution. Combined with wireless networks, medical devices/ instrument connectivity, and other modern healthcare systems it can induce the much needed confidence in a person entering a hospital to have an efficient, safe and successful treatment with accurate and seamless billing.

The healthcare industry can take the cues and make prudent investment in technologies that will have maximum impact. With the present healthcare infrastructure, the regulatory environment and government and business organizations' enterprise to address these issues will determine the future needs of healthcare industry and the patients it serves. Market studies and insights have targeted to provide a strategic healthcare projection map to all those associated with this industry.

A recent usage of the RFID technology in the healthcare industry is its full implementation in Bangkok Hospital to improve the level of security for their patients. It believes that treatment so done would be devoid of medical error. RFID wristband would be tied to patients who would carry details about their names, ages, sexes, drugs and the dosage to be given. This will ensure easier and faster identification so as to strengthen the level of care, and administer drugs efficiently.

A recent report named "RFID Industry Analysis 2006" published by a bespoke market research firm RNCOS predicts that around 23% of RFID solutions implemented by healthcare organizations are using RFID technology in a modest way. According to the report "it is expected that by 2008 the RFID technology will be about $4 billion and over the next three years, manufacturers will spend almost the same amount on RFID tags and related technology infrastructures."

The market research report discusses the current trends, demand and revenue forecast, figures, business opportunities and the recent qualitative and quantitative changes likely to effect the future growth of the RFID market. The report gives an in-depth review of the use of RFID technology in manufacturing sector, their alliances, development of new products and current growth prospects. It covers top 26 players in the market under three segments - Transponder and Reader System, Supply Chain Software, and Systems Integrators.

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