Talking about the prospects of RFID technology in the medical industry

　　Medical suppliers and informatization and intelligent solution providers and suppliers related to the medical industry are expanding the use of RFID. The previous article has covered the application of RFID bracelets in the medical industry, please check the previous article ""

　　Today, the editor will broaden the perspective, talk about the application of RFID technology in the entire medical industry, and would like to discuss the grand event with RFID professionals!

　　Specific industries are ushering in the momentum of development in different fields, and the promotion of demand is bound to be indispensable. According to the forecast of Grand View Research, by 2020, the RFID medical market is expected to reach 3.89 billion U.S. dollars, with a compound annual growth rate of 24.7%. This is because more and more companies are discovering that RFID can provide many improvements, improving efficiency, reducing costs, and improving patient safety.

　　At the same time, Technavio has made a report on the market application of RFID in various fields. In the report, it predicts the market enhancement of RFID before 2020 (as shown in the figure below). In addition to others, RFID applications in the medical field rank fifth. What is more interesting is that the logistics and financial markets are shrinking, and the retail and industrial markets are full of stamina.

　　In the market development environment of an industry, especially in the context of economic development with Chinese characteristics, the first thing to consider is the industry policy, and the second is the degree of capital activity in the industry.

　　According to the Planning Information Department of the National Health and Family Planning Commission, medical and health informatization is the focus of national informatization development. It has been included in the "13th Five-Year Plan" national network security and informatization construction focus, and key breakthroughs will be achieved. It is predicted that in the next few years, the scale of my country's medical informatization will continue to grow. By 2021, the scale of my country's medical informatization will exceed 87 billion yuan. In the next five years, the compound annual growth rate of my country's Internet of Things in the smart medical market will remain at about 20%.

　　The report also pointed out that as early as 2015, the traditional pharmaceutical industry has already begun to transform and deploy. Internet giants and insurance companies cross-border medical industry, frequent large-scale investment or mergers and acquisitions, and non-pharmaceutical listed companies have undergone overall transformation and health. Or dual main business development. Investors and entrepreneurs, with the support of venture capital, rushed into the field of digital healthcare, delivering similar goals—better data information, more comprehensive understanding, more specific suggestions, and streamlined work processes— To provide a new medical experience with high quality and low price.

　　According to IDC data, the size of China's medical IT market in 2015 was 25.4 billion yuan, and it is expected that the market size will reach 43 billion yuan by 2020, with a compound growth rate of 11.1% in 2015-2020. Among them, the value of RFID and Internet of Things technology is increasingly recognized by hospitals. Most hospitals have shown a welcome attitude towards this type of technology. The fundamental reason is that RFID technology has traceability characteristics.

　　The policy orientation, capital investment, and the informatization prospects of the medical industry have already been revealed. From the above, we can also see that the market size has been established, and the next step is to grab the cake among various technologies. Whether RFID technology, which has inherent advantages in management and traceability, can gain a place in this battle determines the future and destiny of RFID technology in the medical industry. After all, this is an excellent market opportunity.

　　Generally speaking, RFID technology improves 5 aspects of the medical industry.

　　1. Improve surgical instrument tracking

　　Many hospitals are using this technology to track surgical instruments and other items in order to save OR time by eliminating manual counting, reduce the risk of infection by ensuring that each item is properly sterilized, and better manage inventory.

　　2. Improve patient safety

　　In addition to ensuring that devices are properly sterilized, RFID can also be used to safely manage drugs in hospitals using "smart" cabinets. RFID patient ID wristbands can also help ensure that patients receive the appropriate dose of each drug at the appropriate time. In some institutions, RFID has even been used to track the location of patients with dementia to prevent them from getting lost.

　　3. Better supply chain management

　　Hospitals are facing increasing pressure to reduce costs. By using RFID to track inventory of supplies and medical equipment, suppliers can create solutions that automatically trigger supply orders based on real-time inventory information. This can help avoid unnecessary orders and ensure that employees have access to the materials they need.

　　4. UDI compliance

　　The FDA requires medical device manufacturers to uniquely identify medical devices to help simplify tracking and recall management. By using RFID tags for UDI applications, manufacturers can maintain compatibility while allowing medical altogether to make it easier to track and manage their devices within the medical structure-all of which do not have bar code solutions that require line-of-sight scanning.

　　5. Improve asset management

　　Nurses and doctors waste time looking for equipment every week. By connecting RFID tags to wheelchairs, beds, IV pumps and other items, hospitals can locate them and improve asset utilization. This caregiver saves time and helps the hospital avoid unnecessary capital purchases through more accurate asset counts. (Text, pictures Source: RFID World Network, Author: Lien)

　　In addition, RFID can also be used in hospital contact history tracking and control applications. Medical and epidemic prevention and government units can instantly and accurately grasp the dynamic information of the entire processing process, thereby preventing the recurrence of nosocomial infection control problems similar to the SARS epidemic.

　　In the field of Internet medical care, technology giants led by Apple and Microsoft have successively launched various products, and the three major domestic BAT giants have also stepped into medical care, quietly changing people's understanding of traditional medical health.

　　In the field of RFID, major companies have also strengthened their expansion in the medical industry through independent research and development and external cooperation. For example, in 2015, the listed company "Zhongrui Si Chuang" was changed to "Si Chuang Yi Hui", and Impinj and Accruent Medical Co., Ltd. launched Medical equipment tracking program, SMARTRAC launched passive UHF humidity sensor Inlay can be used in the healthcare industry, ThinFilm will use NFC technology to develop smart packaging of top medical drugs and so on.

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