Rfid Kanban Systems Market Is Predicted To Grow Swiftly Due To Growing Requirement For Operating Costs Reduction Till 2020: Grand View Research, Inc.
Global RFID kanban systems market is expected to
reach USD 1.1 Billion by 2020, according to a new study by Grand View Research,
Inc. Increasing cases of stock outs, over inventory, clerical errors and
growing demand for real time asset and inventory tracking are some factors
expected to drive market growth over the next six years. Furthermore, high cost
incurred due to medication expiration, increasing demand for FIFO system and
the implementation of lean inventory management is expected to boost market
growth over the forecast period.
Global RFID kanban systems market, by region, 2012 – 2020 (USD Million) |
North
America held majority of the market in 2013, with revenue estimated at USD 97.5
million. Economic development, increasing demand for process optimization,
rising awareness level amongst healthcare organizations pertaining to the
benefits associated with RFID kanban systems are some major drivers of this
market.
The
presence of a large gap between the need for hospital inventory management and
availability of real time inventory management solutions has resulted in high
growth potential for the U.S. market. RFID based kanban systems have been
incorporated by certain healthcare facilities. However, a large percentage of
hospitals have yet to make this transition.
Browse full
research report on Rfid Kanban Systems Market: www.grandviewresearch.com/industry-analysis/rfid-kanban-systems-market
Further key findings from the report suggest:
- The U.S. RFID kanban systems market was valued
at USD 76.9 million in 2013. The incorporation of RFID kanban systems
brings down the overall inventory ordering, shortage, carrying and
purchase costs by as much as 30%. This cost reduction incentive acts as
the most important driver for the RFID based kanban systems market in the
region.
- The Japanese RFID kanban systems market is
expected to grow at a CAGR of over 23.8% from 2014 to 2020. Owing to the
fact that the kanban system was initially developed in Japan, there has
been significant development since then in the country for the purpose of
automating the two bin kanban system. There has been prototype deployment
of RFID kanban systems in Japan and it is expected that there will be
growing demand for further such implementation in the Japanese hospitals
to further improve healthcare services.
- Some key market players of RFID Kanban systems
include Brooks Automation, Grifols, Hurst Green Plastics Ltd., Wurth
Group, Bollhoff Group, Pepperl+Fuchs, Datelka, Metra Tec GmbH, Logi-Tag
and Mattteo
- In order to develop cost effective and
technologically advanced products, manufacturers in the market are
involved in rigorous R&D. For Instance, LogiTag released a new mobile
app for hospital inventory management and charge capture.
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the global RFID Kanban systems market
on the basis of region:
RFID Kanban
Systems Regional Outlook (Revenue, USD Million, 2012 - 2020)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Belgium
- Poland
- Netherlands
- Spain
- Germany
- UK
- France
- Asia
- China
- India
- Japan
- Australia
- RoW
- Brazil
- Argentina
- Chile
- GCC
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/global-rfid-kanban-systems-market
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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