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US - RFID Application in Healthcare & Retail to Take Off This Year (March 31st, 2008)

Use of RFID is fast catching up in various verticals all over the world. The US, however, is leading with its healthcare and retail sectors expected to see extensive RFID implementation this year.

According to a latest report "Global RFID Market Analysis till 2010 by the leading research firm RNCOS, Radio Frequency Identification (RFID) industry is on a steady rise from few years all across the world and is expected to grow in future as well. The report studies the present scenario of RFID industry deeply and methodically to discuss the factors which are propelling the market. It evaluates various segments of the industry to recognize the applications and segments where RFID demand will surge in near future.

The report talks about the implementation of RFID in developed markets, and reveals that the US has adopted to the technology to a large extent. The comprehensive research finds out the reasons for the growth in adoption of RFID in the US and talks about the measures taken by the states and the government to promote the use of RFID technology in the country.

The RCNOS research also discusses vertical sectors in the US, including manufacturing, pharmaceuticals, retail, etc. where RFID technology use is continuously thriving. It also focuses on the factors which are encouraging various industry players to use RFID technology. The report further give information on the US states where the use of RFID in retail and healthcare has been made mandatory by the state governments to track asset better. It further evaluates cost factor to see how it creates a demand for readers and RFID tags for both the industries in near future.

The report also analyzes other factors that can drive RFID market in future and forecasts that by and large, the entire RFID applications designed for the US healthcare industry and retail supply chain will touch the US$ 1.7 Billion mark in 2008. It further identifies other emerging fields where the usage of RFID technology is gaining momentum.

"Global RFID Market Analysis till 2010 presents first-hand information on growth and trends in the global RFID industry rationally and helps clients to explore the opportunities that are vital for the success of the RFID industry. It also highlights the core issues that are linked to the success of RFID industry and offers practical analysis on various aspects of the industry.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of industry experts who analyze data collected from credible sources. They provide industry insights and analysis that helps corporations to take timely and accurate business decision in today's globally competitive environment.

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Shushmul Maheshwari
RNCOS E-Services Pvt. Ltd.