Radio Frequency Identification Technology for Logistics, Tagging and EPC

Report: RFID to be a billion-dollar market in health care

Friday, May 14, 2010

Kalorama Information, an independent market researcher, suggests that there will be nearly a billion-dollar market for RFID in the health care industry.

In its new report, “The Global Market for RFID in Health care,” Kalorama notes that RFID systems employed in health care settings may enable management to keep track of their staff’s compliance with policies, monitoring the rooms that enter and what inventory they use, and even how often they wash their hands.

“The RFID system is brutally honest,” Carlson said. “If a hospital is not in compliance, the data will soon alert management. Management can then decide how to improve individual or unit behavior” said Bruce Carlson, publisher of Kalorama Information.


With an RFID hand washing compliance system, when a staff member approaches the soap dispenser, the dispenser reads the RFID-encoded badge. It records who is at the station and when activity is taking place.

Resurgent Medical and Versus Technology are among the vendors that make hand washing compliance systems. Jackson Memorial Hospital in Miami is an example of a hospital that has implemented the system, and Kalorama believes that other health care entities will follow.

“Infection control is critical for health care systems as they try to reduce negative events, and RFID is one of the few technologies that can help.”

While staff tracking is among the most novel use of RFID, Kalorama believes the bulk of RFID sales in health care will be made for the sake of tracking patients for safety and billing purposes, inventory control and pharmaceutical manufacturing.

You can find the complete report here (purchase required). [end] 

SimplexGrinnell and GuardRFID have executed a distribution agreement that formally provides SimplexGrinnell access to GuardRFID’s products and solutions.

This new relationship will allow SimplexGrinnell to expand offerings to its health care customers. It will enable them to offer features such as GuardRFID’s TotGaurd system, and the wander prevention and asset locating systems to more healthcare facilities.

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GuardRFID, provider of RFID-based technologies for real time tracking in the health care industry, announced that it has joined the DASH7 Alliance, a coalition of organizations promoting the advanced development of the ISO 18000-7 (DASH7) standard for wireless sensor networks.

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The value of the entire RFID market - tags, readers, software/services, labels, fobs and all other factors – will increase to $5.63 billion in 2010, according to a recent survey conducted by IDTechEx.

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MarketsandMarkets has released a new report predicting that the value of mobile payment transactions in the US will reach $56 billion in 2015.

According to the report, “Mobile Payment - Advanced Technologies (NFC), Strategies And Future Of Remote & Proximity Payment In US,” the market for NFC mobile payment in the US is currently in its infancy, with an adoption rate of only 1.7%.

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IdentiSys Inc. announced the acquisition of Card Solutions Corporation, located in Fort Lauderdale, Fla.

Founded in 1999, Card Solutions provides ID management, card issuance, and security solutions to the health care, education, casino, corporate, financial, emergency management, and government markets in South Florida.  

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The Methodist Healthcare System in San Antonio, Texas has implemented an RFID-based asset tracking software in five of its hospitals, according to Health Data Management.

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