Implantable Radiofrequency Identification Transponder Systems Market
Added: (Fri Mar 08 2019)
Pressbox (Press Release) -
Transparency Market Research in its new report titled, “Implantable Radiofrequency Identification Transponder Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026,” provides key insights on the implantable radiofrequency identification transponder systems market. The TMR report anticipates that the increase in difficulties in tracking and identifying patients and staff by health care facilities is leading to delays in procedures and treatment, which will drive the implantable radiofrequency identification transponder systems market during the forecast period i.e, 2018-2026.
Increase in applications of implantable radiofrequency identification transponder systems in health care settings and rise in focus of health care facilities on lowering indirect health care costs are some of the major reasons boosting demand for and adoption of implantable radiofrequency identification transponder systems by health care facilities around the world, says the report.
The report further states that new and advanced products are being introduced in the market and an increasing number of products are receiving regulatory approvals. This is further expected to boost the demand for implantable radiofrequency identification transponder systems in the global market from 2018 to2026. However, lack of awareness about the products and patient and staff compliance for implantable radiofrequency identification transponders, and high cost of maintenance are some of the major factors expected to restrain the global implantable radiofrequency identification transponder systems market during the forecast period.
The report has segregated the global implantable radiofrequency identification transponder systems market based on product, technique, end-user, and region. In terms of product, the global implantable radiofrequency identification transponder systems is categorized into transponders and detectors. The transponders segment accounted for a dominant share of the global market in 2017, owing to higher price and rising number of unit sales of transponders in the U.S. and European countries.
Based on technique, the global implantable radiofrequency identification transponder systems is classified into active radiofrequency technique, backscatter radiofrequency technique, and passive radiofrequency technique. The active radiofrequency technique segment is anticipated to dominate the global market in 2018, owing to distinct benefits of the technique such as longer range of data transfer and comparatively lower price. On the basis of end-user, the global implantable radiofrequency identification transponder systems market can be divided into hospitals, long-term care centers, diagnostic centers, and others.
The hospitals segment dominated the global implantable radiofrequency identification transponder systems market in 2017. From a geographical perspective, the global implantable radiofrequency identification transponder systems market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
North America dominated the global implantable radiofrequency identification transponder systems market in 2017 and is expected to continue its dominance from 2018 to 2026. Rise in adoption of techniques in hospitals and increase in patient and staff compliance for implantable RFID transponder systems are some of the major factors expected to lead to a higher share of the region in the global market.
The market in Europe is projected to expand at a comparatively higher CAGR during the forecast period. The market in Asia Pacific is expected to expand significantly between 2018 and 2026. Major players operating in the global implantable radiofrequency identification transponder systems market are profiled in this report to give a better competitive landscape and these include EM Microelectronic-Marin SA, Alien Technology, LLC., LUX-IDent s.r.o., BioTeq Limited, and APPLIED DIGITAL SOLUTIONS, INC.
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