U.S. RFID Tags Market Growth Driven By Increasing Application of RFID in Healthcare Sector

RFID has made a significant impact on the healthcare industry over the past few years. The technology has been instrumental in reducing manual efforts in maintaining, tracking and managing inventory in hospitals and promises to reduce losses and misplacement of supplies.

U.S. RFID tags market growth is driven by increasing application of RFID in the healthcare sector. In August 2020, Germany-based Fresenius Kabi introduced plans to add a portfolio of medicines with RFID embedded into their labels. RFID tags are tags that can be attached to various objects and are used to track assets, inventory, and people. They come in many shapes and forms and are often tied to industrial devices, bicycles, or forklifts. They are also used in buildings for access control.

Various benefits of RFID tags aid in growth of the U.S. RFID tags market. RFID tags have many benefits. For example, they can be used to track the returnable containers and pallets of a company. These containers and pallets can represent millions of dollars in capital investment. With RFID technology, you can avoid unnecessary loss of assets, which can cut down on capital costs. If you are in the business of shipping or receiving goods, you should consider using RFID tags to track your assets.

Moreover, RFIDs can be integrated with other technologies that can enhance a company's security. It is possible to track a person's location remotely with the help of an RFID tag. Consequently, an RFID tag can also be used to monitor the condition of an asset. RFID tags can be easily integrated with sensors, GPS technology, and wireless LAN to ensure a secure asset. It can be incorporated into a security system that helps identify and track a particular asset.

However, there are several disadvantages of RFID tags. Since these tags operate on radio frequency, they are susceptible to interference. This can disrupt their functionality, causing longer wait times and less productivity. Various environmental conditions can cause the signals to get jammed, which will reduce the accuracy of the tracking. These issues can cause problems with the tags' functionality. Generally, active RFID tags are used in harsh environments, where the signals are susceptible to interference.