What is Near Field Communication in Healthcare Market?
Near Field Communication (NFC) is a wireless communication technology that allows two-way communication between two NFC-enabled devices over a short distance. The patient's medical history, medicines, and real-time sensor data can all be stored on the NFC tag, which can also be utilised as an electronic health record.Employee access, patient check-in and check-out, prescription content, based payment, employee visitation, inventory, and wristband are some of the key applications of Near Field Communication in healthcare. As a result, near field communication technology in healthcare enhances patient identification by removing paper-based documentation tasks, increasing automation and efficiency while reducing human labour. It also relieves patients of the stress of bringing hefty files to regular check-ups by allowing them to simply carry their smart tag and update it each time the health checkup is completed.
The market study is being classified by Type (NFC Controller ICs (Chips), NFC Tags, NFC Readers and NFC Secure Elements), by Application (Medical Devices and Access Control) and major geographies with country level break-up.
Semiconductors (Netherlands), Broadcom (United States), Qualcomm (United States), Texas Instruments (United States), STMicroelectronics (Switzerland), Thales Group (Sweden), Infineon Technologies (Germany), Sony (Japan), Ams (Austria), HID Global (United States) and Avery Dennison (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Flomio(United States), MagTek(United States) and Identive(United States).
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Near Field Communication in Healthcare market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Near Field Communication in Healthcare market by Type, Application and Region.
On the basis of geography, the market of Near Field Communication in Healthcare has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Adoption of Wearable Technology
- Improves Patientís Identification by Eliminating Paper-Based Documentation Work
- Increases Automation and Efficiency and Decreases Manual Work
- Provides Efficiency and Accurate as Well as Reliable Source of Data
- Issue of Short-Range Communication
- Security Concerns Related to NFC
- Growing Technological Advancements
- Increasing Penetration of Contactless Technology
- Growing Need for Connectivity Between Different Devices
- Lack of Awareness About the Benefits of NFC
Market Leaders and some development strategies
April 2020 Ė Infineon Technologies AG announced the closing of the acquisition of Cypress Semiconductor Corporation.
Key Target AudienceManufacturers of Near Field Communication, Suppliers of Near Field Communication, Wholesalers, Distributors and Retailers of Near Field Communication, Healthcare Industry and Regulatory Bodies
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Near Field Communication in Healthcare Market?
"Growing Adoption of Wearable Technology
" is seen as one of major growth factors of Near Field Communication in Healthcare Market in years to come.
2. Can we have customized study for Near Field Communication in Healthcare Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Near Field Communication in Healthcare Market?
will lead the Near Field Communication in Healthcare Market.