The Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market would witness market growth of 9.7% CAGR during the forecast period (2023-2029).
The Smart Cabinets with RFID technology provide a simple user interface for point-of-use reporting and a straightforward user interface for monitoring and tracking medical devices such as implants, stents, and many more in real-time. The smart cabinet quickly records and monitors the product for automated inventory management, which reduces waiting times in the operating room and enhances medical device follow-up, whenever an item is removed from the designated area or shelves. In addition, when a healthcare provider requires a certain product, Smart Cabinet notifies the producer.
The caregiving process is being fundamentally transformed by RFID medical cabinets in healthcare. It links manufacturers, software programs, and different kinds of devices digitally. As a result, efficiency or accuracy has increased, and better medical care is given due to everyone associated with the hospital—patients, nurses, and vendors—realizing the significance of the data-unified technique.
A sizable and expanding healthcare sector in the Asia-Pacific region will increase demand for RFID smart cabinets there. In addition, the ongoing desire to increase operational effectiveness, cut costs, and adhere to laws drives the market. In recent years, the medical tourism sector in Southeast Asia has developed into a major force in the development of international medical travel. Thailand, Singapore, and Australia have established themselves as major players among the popular ASEAN (Association of Southeast Asian Nations) places for medical travel, encouraging inbound travel to the area due to its affordable costs, first-rate healthcare, state-of-the-art technology, and well-known medical expertise. These factors are enhancing the market Growth.
The China market dominated the Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $201 Million by 2029. The Japan market is estimated to grow a CAGR of 9% during (2023 - 2029). Additionally, The India market would experience a CAGR of 10.4% during (2023 - 2029).
Based on Component, the market is segmented into RFID Tags, RFID Readers, RFID Antenna and Others. Based on End User, the market is segmented into Hospitals & Clinics, Bio-Pharmaceutical Companies and Others. Based on countries, the market is segmented into China, Japan, India, Australia, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide RFID (Radio-frequency Identification) Smart Cabinets Market is Projected to reach USD 2.8 Billion by 2029, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Grifols, S.A., Invengo Technology Pte. Ltd., Alien Technology, LLC, Impinj, Inc., Honeywell International, Inc., Stanley Healthcare (Securitas), Motorola Solutions, Inc., Siemens Healthineers AG (Siemens AG), 3M Company and IBM Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Component
- RFID Tags
- RFID Readers
- RFID Antenna
- Others
By End User
- Hospitals & Clinics
- Bio-Pharmaceutical Companies
- Others
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Grifols, S.A.
- Invengo Technology Pte. Ltd.
- Alien Technology, LLC
- Impinj, Inc.
- Honeywell International, Inc.
- Stanley Healthcare (Securitas)
- Motorola Solutions, Inc.
- Siemens Healthineers AG (Siemens AG)
- 3M Company
- IBM Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market, by Component
1.4.2 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market, by End User
1.4.3 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Component
3.1 Asia Pacific RFID Tags Market by Country
3.2 Asia Pacific RFID Readers Market by Country
3.3 Asia Pacific RFID Antenna Market by Country
3.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by End User
4.1 Asia Pacific Hospitals & Clinics Market by Country
4.2 Asia Pacific Bio-Pharmaceutical Companies Market by Country
4.3 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Country
5.1 China RFID (Radio-frequency Identification) Smart Cabinets Market
5.1.1 China RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.1.2 China RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.2 Japan RFID (Radio-frequency Identification) Smart Cabinets Market
5.2.1 Japan RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.2.2 Japan RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.3 India RFID (Radio-frequency Identification) Smart Cabinets Market
5.3.1 India RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.3.2 India RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.4 Australia RFID (Radio-frequency Identification) Smart Cabinets Market
5.4.1 Australia RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.4.2 Australia RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.5 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market
5.5.1 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.5.2 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.6 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market
5.6.1 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.6.2 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.7 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market
5.7.1 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.7.2 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by End User
Chapter 6. Company Profiles
6.1 IBM Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Honeywell International, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 3M Company
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 Impinj, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Regional Analysis
6.4.4 Research & Development Expense
6.4.5 Recent strategies and developments:
6.4.5.1 Product Launches and Product Expansions:
6.5 Grifols, S.A
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional & Segmental Analysis
6.5.4 Research & Development Expenses
6.6 Stanley Black & Decker, Inc. (Stanley Healthcare)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.7 Motorola Solutions, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional & Segmental Analysis
6.7.4 Research & Development Expenses
6.8 Siemens Healthineers AG (Siemens AG)
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.9 Invengo Technology Pte. Ltd.
6.9.1 Company Overview
6.10. Alien Technology, LLC
6.10.1 Company Overview
TABLE 1 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 3 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 4 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 5 Asia Pacific RFID Tags Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific RFID Tags Market by Country, 2023 - 2029, USD Million
TABLE 7 Asia Pacific RFID Readers Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific RFID Readers Market by Country, 2023 - 2029, USD Million
TABLE 9 Asia Pacific RFID Antenna Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific RFID Antenna Market by Country, 2023 - 2029, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 13 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 14 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 15 Asia Pacific Hospitals & Clinics Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Hospitals & Clinics Market by Country, 2023 - 2029, USD Million
TABLE 17 Asia Pacific Bio-Pharmaceutical Companies Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Bio-Pharmaceutical Companies Market by Country, 2023 - 2029, USD Million
TABLE 19 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Others Market by Country, 2023 - 2029, USD Million
TABLE 21 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Country, 2023 - 2029, USD Million
TABLE 23 China RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 24 China RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 25 China RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 26 China RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 27 China RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 28 China RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 29 Japan RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 30 Japan RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 31 Japan RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 32 Japan RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 33 Japan RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 34 Japan RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 35 India RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 36 India RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 37 India RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 38 India RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 39 India RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 40 India RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 41 Australia RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 42 Australia RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 43 Australia RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 44 Australia RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 45 Australia RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 46 Australia RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 47 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 48 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 49 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 50 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 51 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 52 South Korea RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 53 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 54 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 55 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 56 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 57 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 58 Singapore RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 59 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 61 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 63 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 64 Rest of Asia Pacific RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 65 Key information – IBM Corporation
TABLE 66 Key Information – Honeywell International, Inc.
TABLE 67 Key Information – 3M Company
TABLE 68 Key Information – Impinj, Inc.
TABLE 69 Key information – Grifols, S.A.
TABLE 70 Key Information – Stanley Black & Decker, Inc.
TABLE 71 Key Information – Motorola Solutions, Inc.
TABLE 72 Key Information – Siemens Healthineers AG
TABLE 73 Key Information – Invengo Technology Pte. Ltd.
TABLE 74 Key Information – Alien Technology, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: IBM Corporation
FIG 3 Swot analysis: Honeywell international, inc.
FIG 4 SWOT Analysis: 3M Company