The Europe RFID (Radio-frequency Identification) Smart Cabinets Market would witness market growth of 8.8% CAGR during the forecast period (2023-2029).
RFID smart cabinets provide a cutting-edge solution. Consignment stock and medical devices or components can be monitored in real-time using RFID smart cabinets, preventing the stock-out of items and the use of expired products. Suppliers can also reduce the amount of auditing and counting that different sales associates do by employing RFID smart cabinets. Hospitals utilize RFID technologies for various purposes, including equipment tracking and maintenance, to avoid losses resulting from improper handling of medical supplies.
As a result, the demand for this product is anticipated to rise during the forecasted years. In addition, hospital data management and infrastructure improvements worldwide are driving more demand for RFID smart cabinets. The semiconductor sector also uses RFID-enabled cabinets for cassette tracking and management.
The European Union has begun its ambitious €5.3 billion EU4Health Program, which among other things, aims to "reinforce health data, digital tools & services, and the digital transformation of healthcare. In the meantime, the U.K. has started its ambitious £2 billion NHS digital transformation initiative. The physical infrastructure needed for the healthcare system of the future must be taken into consideration, according to a U.K. health official.
The UK has the opportunity to set the global standard for health tech. Some of the top health tech businesses in the world are already present in the country, contributing to breakthroughs and enhancing the stature of the strong scientific and research foundation abroad. The country has the chance to develop an ecosystem that consistently produces the greatest health tech technology that can be exported along with innovative techniques and insights that help improve health outcomes globally. According to the European Regional Development Fund, the healthcare/life sciences (HCT) sector is important to the EU and Germany. These elements are anticipated to encourage the regional RFID (Radio-frequency Identification) Smart Cabinets Market's expansion.
The Germany market dominated the Europe 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 $184.4 Million by 2029. The UK market is anticipated to grow at a CAGR of 7.9% during (2023 - 2029). Additionally, The France market would exhibit a CAGR of 9.6% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
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 Europe RFID (Radio-frequency Identification) Smart Cabinets Market, by Component
1.4.2 Europe RFID (Radio-frequency Identification) Smart Cabinets Market, by End User
1.4.3 Europe 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. Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Component
3.1 Europe RFID Tags Market by Country
3.2 Europe RFID Readers Market by Country
3.3 Europe RFID Antenna Market by Country
3.4 Europe Others Market by Country
Chapter 4. Europe RFID (Radio-frequency Identification) Smart Cabinets Market by End User
4.1 Europe Hospitals & Clinics Market by Country
4.2 Europe Bio-Pharmaceutical Companies Market by Country
4.3 Europe Others Market by Country
Chapter 5. Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Country
5.1 Germany RFID (Radio-frequency Identification) Smart Cabinets Market
5.1.1 Germany RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.1.2 Germany RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.2 UK RFID (Radio-frequency Identification) Smart Cabinets Market
5.2.1 UK RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.2.2 UK RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.3 France RFID (Radio-frequency Identification) Smart Cabinets Market
5.3.1 France RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.3.2 France RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.4 Russia RFID (Radio-frequency Identification) Smart Cabinets Market
5.4.1 Russia RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.4.2 Russia RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.5 Spain RFID (Radio-frequency Identification) Smart Cabinets Market
5.5.1 Spain RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.5.2 Spain RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.6 Italy RFID (Radio-frequency Identification) Smart Cabinets Market
5.6.1 Italy RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.6.2 Italy RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.7 Rest of Europe RFID (Radio-frequency Identification) Smart Cabinets Market
5.7.1 Rest of Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.7.2 Rest of Europe 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 Europe RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 2 Europe RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 3 Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 4 Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 5 Europe RFID Tags Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe RFID Tags Market by Country, 2023 - 2029, USD Million
TABLE 7 Europe RFID Readers Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe RFID Readers Market by Country, 2023 - 2029, USD Million
TABLE 9 Europe RFID Antenna Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe RFID Antenna Market by Country, 2023 - 2029, USD Million
TABLE 11 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 13 Europe RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 14 Europe RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 15 Europe Hospitals & Clinics Market by Country, 2019 - 2022, USD Million
TABLE 16 Europe Hospitals & Clinics Market by Country, 2023 - 2029, USD Million
TABLE 17 Europe Bio-Pharmaceutical Companies Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe Bio-Pharmaceutical Companies Market by Country, 2023 - 2029, USD Million
TABLE 19 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Others Market by Country, 2023 - 2029, USD Million
TABLE 21 Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Country, 2023 - 2029, USD Million
TABLE 23 Germany RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 24 Germany RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 25 Germany RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 26 Germany RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 27 Germany RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 28 Germany RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 29 UK RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 30 UK RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 31 UK RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 32 UK RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 33 UK RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 34 UK RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 35 France RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 36 France RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 37 France RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 38 France RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 39 France RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 40 France RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 41 Russia RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 42 Russia RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 43 Russia RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 44 Russia RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 45 Russia RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 46 Russia RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 47 Spain RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 48 Spain RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 49 Spain RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 50 Spain RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 51 Spain RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 52 Spain RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 53 Italy RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 54 Italy RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 55 Italy RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 56 Italy RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 57 Italy RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 58 Italy RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 59 Rest of Europe RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 60 Rest of Europe RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 61 Rest of Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 62 Rest of Europe RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 63 Rest of Europe RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 64 Rest of Europe 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