Study: Healthcare RFID use to grow dramatically

A new study is predicting that the use of RFID technologies in healthcare isn't just going to grow over the next four years, it's going to explode. The report, by market research firm Kalorama Information, predicts RFID use in U.S. healthcare markets will climb from a relatively measly $297 million in 2007 to $3.1 billion by 2012.  That's still not huge compared with the $27 billion market for RFID use in supply chain management and manufacturing, but it's a big jump nonetheless.

Kalorama researchers believe this leap in adoption will be fueled as enterprises and vendors figure out how to solve network infrastructure scalability and interoperability problems  and get past the higher costs of initial adoption. Sales of RFID technology will also grow as standards for RFID adoption are developed and industry leaders simply grow more aware of the technology.

To learn more about this trend:
- read this iHealthBeat piece
- read the Kalorama press release

Related Articles:
AMA gives mixed review to RFID tagging. Report
Implantable wireless technology getting popular. Report
Technology poised for rapid adoption. Report
RFID chip reads blood glucose levels. Report

Suggested Articles

The potential long-term impacts of COVID-19 on how Medicare Advantage's star ratings are calculated remain unclear, experts say.

There is a potential legal skirmish brewing between two of the largest telehealth companies over patent claims.

Buoyed by strong demand for its stock, GoodRx raised $1.1 billion in its IPO after pricing its deal well above its expected price range.