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priyarao-01 · 8 months

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NFC Chips as a Solution: Market Players Open for R&D Investments

From information transfer to contactless payments to security, NFC chips have emerged as an ideal authentication and data protection solution. The near field communication chips market has witnessed significant expansion over the years, owing to innovative applications of NFC technology across industries.

Considering the rising application of NFC chips, numerous companies are embedding them in consumer electronics, especially smartphones. For instance, Google Nexus and HTC mobile include NFC chips that ensure data security with the help of encryption. Additionally, the COVID-19 outbreak led to a surge in smartphone penetration, resulting in high volume sales of around 2.2 billion NFC-enabled smartphones in 2020. Estimates indicate that NFC tags are estimated to prove beneficial in various applications, including TV, Wi-Fi router, and fridge, given the rising trend of contactless operations.

Triton Market Research estimates that the global near field communication (NFC) chips market will advance with a CAGR of 12.99%, reaping revenue worth $7.47 billion by 2028.

Market Expansion by Application

Application plays a major role in influencing buyers’ behavioral patterns. Over the years, the use of NFC chips has evolved, ranging from contactless payments to advanced logistics to consumer engagement. In this regard, the end-users, especially automotive, consumer electronics, and retail sectors, compare various chips as per their application range and cost. This has led companies to invest heavily in R&D to expand their footings. For instance, Broadcom Corporation launched an NFC chip into the automotive product line to effectively connect mobile devices to vehicle infotainment systems.

Major application areas that widen the scope of the NFC chips market:

Smartphones capture a significant share in the near field communication chips market. Technological advancements and R&D activities in NFC chip-enabled devices have contributed to the smartphone segment growth. The NFC chips are used to ensure secure and short-distance communication. As a result, several prominent players are expanding their product line with NFC chips. For instance, NXP Semiconductors launched a single-die chipset that features NFC technology for smartphones as well as IoT devices, tablets, and laptops.

Another company, Thinfilm Electronics ASA, raised over $110 million to boost NFC technology in consumer electronics, such as smartphones and other devices. This indicates the consumer electronics sector to secure a major share in the vertical segment.

Near field communication chips have emerged as a vital addition to medical devices and equipment, owing to their ability to swiftly and efficiently transfer health data. The market scope has grown with NFC chips embedded in weight scales, blood pressure monitors, and glucose meters. Moreover, the NFC tags’ implementation as electronic health records to store patients’ medical history, prescriptions, and real-time data has created a profitable market for NFC chips in the medical vertical.

The Automated Assemble Corporation, for instance, launched technologically-advanced NFC tags to store crucial patient data, helping medical staff to update treatment records regularly while creating automated time stamps for patients.

While near field technology has secured a higher share in the consumer electronics and medical segment, its adoption in logistics and aviation is expected to widen the market’s scope over the forecast period. In this regard, NFC tags and RFID chips are integrated into goods to prevent thefts during transportation, identification, and tracking. The smart ticketing application has also driven NFC chips’ adoption rate for seamless transportation. For example, Go North East invested approximately $2.28 million to influence NFC chips adoption for contactless ticketing services.

Regional Market Analysis | Growth Position

China and India are estimated to emerge as the fastest evolving countries in the Asia-Pacific near field communication chips market. This robust growth is on account of rising government programs for digital transactions. As per the World Economic Forum, the Chinese government launched the Green Finance Project to promote cashless technologies like NFC technology. The Indian government, on the other hand, introduced PSUs that offer a 0.75% discount on fuel sale prices over digital payments. Such incentives have increased the NFC chips adoption rate in these nations in the wake of the contactless payment trend.

To further promote cashless transactions in the retail segment, public sector banks offer POS terminals to attract small merchants to the digital payment ecosystem. As a result, approximately 6.5 lakh machines have been issued to traders recently, contributing heavily to the Indian NFC chips market’s growth.

Within North America, the conjoint efforts of private organizations to promote cashless transactions, in addition to soaring smartphone sales, have created a beneficial market for NFC chips manufacturers. Moreover, the penetration of NFC-enabled mobile payment applications such as Amazon, Visa Paywave, and Paypal has propelled the near field communication chips market’s progression across the US and Canada. Our estimates indicate that the North American near field communication chips market to witness a CAGR of 13.18% during the forecast period 2022-2028.

Future Projections

NFC chips have emerged as a new archetype in the wireless communication technology segment, providing versatility in terms of security and data transfer. This has increased R&D activities across various start-ups aiming to expand footings in the market. These investments are expected to widen NFC technology’s scope for real-time reservation tracking and banking updates. As per OBRC estimates, around 100 start-ups have established operations in the field of near field communication, with many expanding research capabilities. Hence, observing a high number of start-ups indicates that the global NFC chips market will enlarge over the forecast period.

Frequently Ask Questions:

Q 1) What are the uses of NFC chips?

A: From information transfer to contactless payments to security, NFC chips have emerged as an ideal solution for authentication and data protection. NFC chips are widely used in contactless payment systems, allowing mobile and card payments.

Q 2) Which companies manufacture NFC chips?

A: Samsung Semiconductor Inc, Broadcom Corporation, Marvell Technology Group Ltd, EM Microelectronic Marin SA, Inside Secure SA, Mediatek Inc, Murata Manufacturing Co Ltd, NXP Semiconductors NV, MStar Semiconductor Inc, Stmicroelectronics NV, Qualcomm Inc, Renesas Electronics Corporation, Sony Corporation, Texas Instruments Inc, and Toshiba Corporation are leading companies manufacturing NFC chips.

#NearFieldCommunicationChipsMarket #NFCChipsMarket #ICT #TelecomandInternet #TritonMarketResearch #MarketResearchReport

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sandeep-health-care · 1 year

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A DIGITAL REVOLUTION IN PATHOLOGY

Laboratory medicine is continuously evolving to provide the much needed support for disease monitoring, treatment decisions and patient safety. With a rise in the adoption of machine learning and artificial intelligence to improve turnover and optimise efficiency, pathology laboratories are transforming into predictive rather than reactive environments.

Diagnostics is the critical first step in the healthcare delivery chain, as 70 per cent of the treatment decisions are based on lab results. The market for diagnostics devices is growing steadily to meet the increasing demand from hospitals and laboratories. The onus is thus on the manufacturer to provide a holistic solution that integrates automation with analytics, training, updates, and troubleshooting. Further, the use of QR codes and RFID chips enables automated tracking of samples and laboratory materials such as reagents, chemicals and equipment.

The role of AI and ML

Today, digitalisation, automation, and laboratory information software (LIS) have found a place in clinical laboratories. However, many lab processes continue to be performed manually or are partially digitised. Efforts are also being taken to improve the pre-analytic, analytic, and postanalytic processes of the clinical laboratories with the AI-support.

The COVID-19 outbreak accelerated the adoption of digital technologies in laboratories. According to a recently published report, several examples of applications of Artificial Intelligence (AI) to COVID-19 are already reported such as AI-enabled outbreak tracking apps, chatbots for diagnostics, AI-powered analysis of scientific publications and triage using natural language processing (NLP) for screening potential patients and prognosis prediction tools, and using radiology CT scans to manage system capacities, among others.

Also available on record are multiple examples of the role played by AI in the management of non-communicable chronic diseases such as cancer and cardiovascular disorders. AI tools aid in augmenting the accuracy of clinical decision and improving patient care.

Studies reveal that AI-supported systems can predict patient waiting time in the phlebotomy unit and organise the entire blood collection process or the autoverification of test results using a Machine Learning (ML) approach. ML can also be used to predict out-ofcontrol events in internal quality control studies, detecting instrument failures before even they occur, or determining compatibility between analysers in central laboratories where several instruments running the same parameters are tested.

Automation of analysers

It is very interesting that the basic manual laboratory techniques and procedures have generally been adopted in principle to automated, or mechanised, fashion in automated analysers, while a wide variety of configurations can be observed in modern instrumentation in clinical laboratory. Step-by-step innovations created these ultimate configurations.

There are several approaches to automated instrumentation historically. For instance, multiple samples are tested in a series in batch analysers. In contrast, in sequential analysers, the samples are tested sequentially, and the results are reported at that order. Continuousflow analysis means a form of sequential analysis with a continuous stream. In random-access discrete analysers, the most common configuration, analyses are performed sequentially on a set of specimens, and each sample can be analysed for a different test selection. In this type of analysis, an interruption can occur in routine working for spanning a stat sample in-between, permitting measurement of a number of and a variety of analytes in each specimen. Discrete term in this type of analysers means that each test of a patient (or a sample) is analysed in a distinct chamber (in a well, cuvette, reaction vessel)

The use of automated analysers has many advantages including reduction of workload, less time consumption per sample analysis, more number of tests done in less time, use of minute amount of sample, decreased chances of human errors, and high accuracy and reproducibility.

Further, Total Laboratory Automation (TLA) systems use conveyor belts to connect pre-analytical specimen processing and other functions directly to an analyser. Such systems also include functions such as post-analytical storage or sorting of specimens or aliquots to be transported to low-volume testing areas—or to be sent to reference laboratories.

At Transasia-Erba Group, we are looking forward to launching exciting new products by 2023. Our R&D labs in France, UK, USA, Austria and India will launch over 10 state-of-the-art analysers in CLIA, molecular, high-end haematology, AI and LIS. Also in the offing is a TLA solution aimed at midand large size laboratories. All these will make Transasia-Erba among the top-five companies globally to have ‘Total solutions in Laboratory Diagnostics.

Digital data management

Modern-day cutting edge smart technologies are giving a much-needed renovation to laboratories and making them ‘smart’. A smart laboratory is nothing but an amalgam of different hardware tools and software that helps in data management, which is one of its integral parts. And when it comes to data management, one cannot ignore the concept of digital data management.

The concept of digital data management generally revolves around utilising tools to store, document, and share, analyse and manage the experimental data. Among all the other software available, Laboratory Information Management System (LIMS) is extremely helpful. LIMS is a software solution that helps in addressing data management, regulatory challenges, and automation. This software is extremely useful in handling laboratory samples and the data. As a result, it helps maintain tests, workflows and reporting techniques that assist in standardising operations.

The most significant part of the LIMS is to enhance the operational efficiency of a lab by streamlining and automating workflows. Also, it eliminates the purpose of manually maintaining information and complying with regulations. An efficient LIMS will easily be able to keep records and report them. As a result, it eliminates the possibility of any human errors.

Benefits of using LIMS

The key advantage of using LIMS is that it provides sample management. It means that with the help of LIMS, it is possible to manage accurate and detailed records of every sample and securely store them. As a result, the data is not lost while it moves from one laboratory to another.

Secondly, the inventory management functionality of LIMS makes it possible to manage reagents and stock supplies. In addition, it also helps in generating automatic recorder alerts in time of depletion of the stock.

Test Management and reporting are the other two benefits of using the Laboratory Information Management System. It is possible to achieve standardised testing structures with the help of LIMS that too with the bonus of providing accurate and complete testing process control.

The Internet of Things

With an increasing focus on offering value-added services, manufacturers are adopting rapidly evolving technologies, such as the Internet of Things (IoT), to meet the huge demand for fully automated products and services.

IoT applications are being used across all industries and healthcare is no exception. In fact, IoT has brought in a lot of ‘convenience’ to the healthcare ecosystem, becoming especially useful for medical device providers. While it offers a host of solutions, it is left to the companies to leverage the potential of IoT to the fullest.

Predictive maintenance

For laboratories, one of the biggest concerns is downtime. Planning for upgrading via cloud-based lab management systems and sophisticated software is a good way to future proof products and reduce the cost of maintaining the instrument. The days of preventive maintenance are long forgotten, now is the time for predictive maintenance. Devices with IoT capability can sense when components are exhibiting faults or when they near their expected end of life and communicate this back to technical support and initiate actions to resolve them – from ordering replacement parts to requesting a completely new device.

Read More: https://www.europeanhhm.com/information-technology/a-digital-revolution-in-pathology

#DigitalPathology #PathologyRevolution #HealthTechInnovation #MedicalDiagnosis #PathologyAutomation #DiagnosticAccuracy #DigitalHealthcare #MedicalTechnology

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market-data-forecast · 1 year

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The Healthcare Asset Management Market: Tracking and Securing Assets to Improve Patient Outcomes

The healthcare industry is rapidly adopting asset management solutions to better track and secure assets across hospitals and pharmaceutical supply chains. According to a new report by MarketsandMarkets, the global healthcare asset management market is projected to reach $35.19 billion by 2023.

Asset management involves tracking medical equipment, pharmaceuticals, and other healthcare assets to optimize workflows, prevent losses, and improve patient safety. Radiofrequency identification (RFID) and real-time location systems (RTLS) are the main technologies driving growth in this market.

Download PDF Brochure-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1195

RFID uses wireless tags and readers to identify and track assets, while RTLS utilizes badges, tags, and sensors to provide real-time visibility into asset locations. RFID hardware like tags, readers, and antennas account for the largest share of the healthcare asset management market currently. But RTLS solutions are expected to see the highest growth rate going forward due to their superior accuracy in confined hospital environments.

Managing Hospital Assets

Within healthcare facilities, asset management solutions have a wide range of applications to help hospitals enhance their operations. Asset tracking allows hospitals to locate wheelchairs, beds, IV pumps, and other mobile equipment faster so nurses spend less time searching and more time delivering patient care. Hospitals are using RFID and RTLS to gain real-time visibility into medical device utilization rates and accordingly optimize asset allocation.

Asset management also facilitates temperature monitoring of medications, blood products, specimens and donor organs to ensure proper storage conditions are maintained. Hand hygiene compliance is another important application, where automatic monitoring boosts adherence to hand washing guidelines and reduces the risk of hospital-acquired infections. Staff and patient workflows can also be streamlined by mapping movements and interactions between personnel, patients and assets.

The hospital asset management segment will account for the largest share of the healthcare asset management market. The main factor driving adoption is the need to improve asset utilization, staff productivity and patient outcomes through better asset visibility and control. This segment includes equipment tracking, patient management, temperature monitoring, hand hygiene compliance, and staff management solutions.

Securing Pharmaceutical Assets

In pharmaceuticals, asset management combats counterfeiting and enables end-to-end visibility across the supply chain. Tagging and tracking individual drug packages limits diversion and ensures authenticity from production to the end consumer. The pharmaceutical asset management segment is growing rapidly as companies implement RFID and RTLS to prevent fake, expired or recalled drugs from entering supply chains. Asset management also helps pharmaceutical companies adhere to regulatory compliance requirements regarding drug storage, transit and handling conditions.

Download PDF Brochure-https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1195

Key Market Trends and Developments

The healthcare asset management market is currently led by North America, followed by Europe. Widespread adoption of advanced medical technologies, emphasis on improving hospital workflows, and investments in digitizing supply chains is driving North American market growth.

But Asia is poised to see the fastest growth over the coming years. Rising medical tourism, healthcare infrastructure modernization and increased spending on asset management solutions will spur demand across Asian countries.

The increasing application areas for asset management within healthcare reflects the significant potential of this market. Though the costs associated with RTLS and RFID solutions may restrain smaller facilities, the benefits of greater asset oversight are too compelling for hospitals and pharmaceutical companies to ignore. Asset management adoption will continue expanding as healthcare providers and supply chain partners realize the value of securing and optimizing the use of their medical and pharmaceutical assets.

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healthcaremarketfmi · 1 year

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Multi-Parameter Patient Monitoring Market is Booming Worldwide by 2033 | Growth, Share, Demand and Analysis Forecasts

In 2023, the multi-parameter patient monitoring market is expected to be worth US$ 4.8 billion and is estimated to reach US$ 7.2 billion by 2033. The rise in demand for early diagnosis and treatment of chronic diseases around the world, as well as the high demand for real-time patient monitors in critical care units to make better clinical decisions on the spot, and to document changes in a patient’s condition at every stage, are expected to drive market growth.

The multi-parameter patient monitors are commonly utilized to improve patient health in both in-patient wards and intensive care units (ICU). Monitoring is a vital component of critically ill patients, particularly in emergency rooms, because the functional response to critical illness is directly linked to the outcome. Monitoring critically ill patients with multi-parameter monitors enable physiological reserve measures and reflects the success of treatment interventions.

Wearable gadgets and wireless communication technology advancements for medical telemetry have expanded the scope of monitoring solutions for patients both within and outside of hospital facilities. Such technical improvements allow for the rapid recording and transmission of data from a patient’s gadget to a healthcare practitioner, reducing the duration of evaluation and treatment.

The emergence of wireless networks in the healthcare sector, such as Radio Frequency Identification (RFID) and Medical Body Area Networks (MBAN), has changed patient health diagnostic processes while generating no discomfort due to their wireless architecture. This helps to monitor heart rate, blood pressure, body temperature, and oxygen levels in the body.

The introduction of single-use portable gadgets has expanded patient flexibility while also lowering the cost of frequent hospital visits. Moreover, the growing demand for home-based medical treatments for the elderly population is driving the demand for these portable patient monitoring devices that are simple to use.

Key Takeaways:

The multi-parameter patient monitoring market is estimated to register a CAGR of 4.0% from 2023 to 2033.

The multi-parameter patient monitoring market is dominated by North America in 2023.

China is the leading revenue contributor in the multi-parameter patient monitoring market in the Asia Pacific region.

Portable multi-parameter monitor is likely to thrive in the modality category due to its increasing popularity among geriatric population.

For More Information: https://www.futuremarketinsights.com/reports/multi-parameter-patient-monitoring-market

Key Developments

In December 2019, Nihon Kohden Corporation introduced its Life Scope SVM-7200 series vital sign monitors for outpatient facilities in the United States.

Schiller AG and VISUS, a prominent provider of image management systems, formed technical cooperation in January 2015. This collaboration improved the integration and presentation of E.C.G. data in the image data management system (JiveX Medical Archive).

Nihon Kohden Corporation announced the formation of a sales subsidiary, Nihon Kohden Latin America S.A.S., in March 2014 in order to grow sales in Mexico, Central America, South America, and the Caribbean. The new sales subsidiary complements and improves the sales network throughout Central and South America.

Key Players:

Koninklijke Philips N.V.

GE Healthcare

Drägerwerk AG & Co. KGaA

Medtronic plc

OSI Systems Inc.

Nihon Kohden Corporation

MASIMO

Contec Medical Systems Co. Ltd.

General Meditech Inc.

Mindray Medical International Limited

Schiller AG

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millioninsights · 4 years

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#RFID Blood Monitoring Systems Market #RFID Blood Monitoring Systems #RFID systems #technology #medical device

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neha24blog · 5 years

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RFID Blood Monitoring Systems Market Is Estimated To Reach USD 511.5 Million By 2022: Grand View Research Inc.

San Francisco, 24 January 2020 : The Report RFID Blood Monitoring Systems Market Analysis by Product (Systems and Tags), by End Use (Blood Banks and Hospital Blood Centers) and Segment Forecasts To 2022

The global RFID blood monitoring systems market is expected to reach USD 511.5 million by 2022, according to a new report by Grand View Research Inc. RFID technology enables automation in data…

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#RFID Blood Monitoring Systems Industry #RFID Blood Monitoring Systems Market #RFID Blood Monitoring Systems Market 2022 #RFID Blood Monitoring Systems Market Revenue #RFID Blood Monitoring Systems Market Share #RFID Blood Monitoring Systems Market Size

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healthcaremarketforecasters · 4 years

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RFID Blood Monitoring Systems Market Fastest Growing Segment Over the Forecast Period 2022

Jan 22, 2021: Industry Insights

The global RFID blood monitoring systems market size was estimated at USD 104 million in 2014. Rising demand for efficient management system regarding blood & related products and growing awareness pertaining to minimize transfusion errors in medical process are some of the key factors driving RFID blood monitoring systems market. Rapidly consolidating healthcare sector and increase in volume of blood & related products inventory is further boosting up the demand for this technology in healthcare industry.

Download sample Copy of This Report at: https://www.millioninsights.com/industry-reports/rfid-blood-monitoring-systems-market/request-sample

Some of the other factors driving the growth of the market are favorable regulatory policies for the approval of RFID technologies and rising trend of privatization of healthcare infrastructure that led to the introduction of modern technologies in the healthcare settings. In 2013, FDA approved iTrace which is a RFID-based tracking system that can be used in blood banks systems.

Product Insights

Radio frequency identification held majority of the market share in terms of revenue, with over USD 60 million in 2014 pertaining to the factors such as growing concerns for patient safety, increasing adoption of smart medical devices, favorable government initiatives, and rising need for reduction in healthcare cost. In addition, various application of RFID in healthcare system further drive the demand over the forecast period.

Radiofrequency identification tags held the significant market share owing to the demand of technologically advanced products such as alternative tags and sensory tags designs that uses Smart Active Label Technology (SAL) which is less susceptible to metal and liquid. In addition, it maximizes the profitability of medical facilities that is expected to further boost up its demand.

Browse Complete Summary Click Here @ https://www.millioninsights.com/industry-reports/rfid-blood-monitoring-systems-market

End Use Insights

Blood Banks emerged as the largest segment and was valued at over USD 85 million in 2014. Increasing need for patient safety, minimization of transfusion errors & wastage of blood products are amongst the key factors owing to the growing usage of RFID technologies in the blood banks. In addition, increasing number of blood banks and rising inventory of blood and blood products further expected to drive the demand of RFID technologies in blood banks. RFID technology helps in creating an efficient supply chain of blood products, right from the collection point to its delivery to the hospitals or clinical settings.

Regional Insight

North America dominated the regional segment in 2014 followed by Europe owing to rising number of blood banks, sophisticated healthcare infrastructure, growing demand for operational efficiency and favorable government initiatives. Increasing number of funding for the research activities in RFID technologies attribute to its growth in the region. Asia pacific region is expected to be the fastest growing segment over the forecast period. The growth in the region is driven by the factors such as improved healthcare infrastructure and increased penetration of RFID blood monitoring system. Low cost of RFID components such as original equipment manufacturing (OEM) services provided by China offers huge potential of RFID technologies in Asia pacific market.

Competitive Insights

Some of the key participants of enteral feeding device market include, Abbott; Nestle; Danone, Inc.; Fresenius SE & Co. KGaA; Kimberly-Clark Corporation; Boston Scientific Corporation; Conmed Corporation; Moog, Inc.; Covidien Plc.; Cook Medical and Amsino International Inc. and others.

Get in touch

At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.

Contact Person:

Ryan Manuel

Research Support Specialist, USA

Email: [email protected]

Global Headquarters

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Phone: 1-408-610-2300

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Phone: 91-20-65300184

#RFID Blood Monitoring Systems Market RFID Blood Monitoring Systems Market Research RFID Blood Monitoring Systems Market Survey RFID Blood Mo

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solutionsandservices · 5 years

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Global RFID Blood Monitoring Systems Market: Latest Industry Report RFID Blood Monitoring Systems Market Report The report offers an overview of the RFID Blood Monitoring Systems with the help of application segments and geographical regions (United States, Europe, China, Japan, Southeast Asia, India, Central & South America, ROW) that govern the market currently.

#Pharmaceuticals and Healthcare #RFID Blood Monitoring Systems future market

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mobappdevelopmentcompany · 4 years

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IoT-powered Healthcare Solutions: Redefining the Medical Industry!

IoT (Internet of Things) is one of those technological marvels of the modern era that has digitally transformed the Healthcare sector by introducing smart healthcare apps. These healthcare IoT applications have helped the medical industry to overcome the existent roadblocks and limitations in its functioning. IoT App Development Companies have empowered the practitioners, patients, and service providers to unfold new horizons. This has resulted in simplified access to medical facilities through remote communication and reduced mortality rate on account of avant-garde treatment methodologies. Needless to say, the rate of adoption of IoT App Solutions has sky-rocketed and an upward demand curve has been observed.

Take a look at this interesting statistical data released by Statistica, indicating the estimated size of the IoT Healthcare market (in billion US $) between 2016 and 2025.

Fortune Business Insights predicts that the IoT in Healthcare market size will soar up to USD 176.82 Billion by the end of 2026.

In this blog, I have penned down how IoT in Healthcare has revolutionized the fundamental tenets of this domain and the immense benefits of IoT Application Development

reaped by the patients, doctors, and service providers unanimously.

IoT in a nutshell

Internet of Things comprises of a network of devices and software applications, interconnected via computer networks and wireless communication channels. This ingenious eco-system is meant for collecting and sharing real-time data. Data is stored in cloud platforms and can be remotely accessed by authorized users from any part of the globe. IoT in Healthcare has worked wonders in domains like telehealth, mHealth, telemedicine, etc. Let’s dive into some of the use cases in the healthcare domain.

Popular Use cases of IoT Applications in Healthcare

Remote patient Diagnoses and Observation

IoT empowered solutions record the necessary health parameters to facilitate remote patient diagnoses and monitoring. This is one of the important features of IoT in telemedicine apps.

Doctor-patient consultations take place through live audio and video call, and other advanced communication channels, without the need for patients to pay a visit to the hospital. IoT powered external devices such as digital stethoscopes, oximeters, etc are being used by patients during digital telemedicine consultations.

IoT activity monitoring devices such as heart rate monitoring cuffs, glucometers, pulse meters, etc. used by the patients enable the doctors to remotely observe the health of elderly patients and those with chronic conditions. The data obtained from these devices aid the physicians to identify the correct course of treatment for patients.

Mobile Health and Wellness

IoT mobile app development has elevated wellness to a completely new level. Wearables like Apple watches, Fitbits, etc transmit patient’s vital health parameters through Bluetooth, Wifi, GPRS Networks and display the results in the smartphones. This proves immensely beneficial in keeping a track of the body vitals and other wellness parameters such as sleep patterns, body temperature, heart rate, blood sugar level, activity tracking, etc. and providing real-time data to the patient, their doctors, and caregivers. For example, a Holter monitor device is a wearable that tracks abnormalities in a patient’s heartbeat. This helps in timely preventive care. Click here to gain more insights on wearable technology.

IoT powered ingestible devices

These ingenious ingestible sensors available in the form of pills can be swallowed and it remains inside the human body and stay at a particular spot and sends data to mobile applications. The sensors embedded inside these pills detect drug doses taken and missed by the patient. Some of these pills have an in-built camera that provides visibility of the internal organs. Thus, ingestible devices prevent life-threatening conditions.

Emergency handling

IoT facilitates the accurate collection of patient data in case of medical emergencies and transmission of this data in real-time to the Emergency Response medical staff. This allows the ER staff to stay prepared while the patient is being brought to the hospital and no time is wasted after the patient’s arrival.

Aiding surgeries

IoT powered tools and applications provide handy assistance during surgeries and in handling post-surgery care. The IoT sensors accumulate data, transmit it, and analyze the same, resulting in finding out even the tiniest problem, and thereby preventing surgical complications.

Efficient Tracking of Patients, Staff, and Inventory

Smart IoT healthcare solutions contribute in the following ways:

Wireless ID cards for staff and patients enhance security, effectively manage admissions, and simplify staff management.

RFID tags are used to track patients such as babies and elderly patients with Alzheimer's disease and even staff members in case of urgency.

IoT integrates with Real-time location systems (RTLS) to manage the assets of healthcare enterprises. It employs BLE (Bluetooth Low Energy) and iBeacon to track supplies in the operating rooms and inventory.

Virtual Monitoring of medical equipment

The contemporary healthcare services require avant-garde software and hardware equipment and their continuous monitoring, to prevent them from system failures and cyber-attacks. IoT powered solutions virtually monitor them and provide alerts to the medical staff if some anomaly is detected.

Managing Pharmacy

Managing the drugs in a hospital and transferring the same safely to storage facilities is a herculean task with chances of errors. Pharmacies managed by IoT application enable faster delivery of medicines and takes care of drug-preservation issues while transfer.

Handling insurance procedures

Insurance companies leverage IoT devices to validate claims and detect fraudulent practices with the help of the data captured by these devices. Such devices also enhance the transparency between insurance providers and customers regarding processes like pricing, underwriting, handling claims, and assessing risks.

Architecting an IoT Environment in healthcare

Steps to be followed by Digital healthcare service providers for the implementation of IoT are as follows:

Deploying devices possessing sensors, monitors, actuators, camera systems, actuators, and detectors to accumulate data.

Conversion of received data to the digital format and store the same in a data center.

Managing and analyzing the medical data with the help of data analytics based on which the correct course of action is decided.

Key Advantages of IoT powered Healthcare IT services

Easy access to healthcare facilities

Remote doctor monitoring and consultation facilities make healthcare and wellness easily accessible to patients with less mobility, the ones residing in remote areas with no hospitals nearby, and the super-busy professionals who hardly find time to visit the clinic. Moreover, the patients have a plethora of options at their disposal while choosing doctors.

Misdiagnosis of diseases

IoT system with the help of computer vision, sensors can collect data from several IoT devices and leverages advanced analytics enabling providers to know the course of the disease and thus avoid the wrong diagnosis of diseases. Faster and error-free diagnoses of diseases, continuous patient monitoring, and proactive treatment methodologies are some of the major gains for patients opting for digital healthcare services.

Lesser negligence and better adherence to treatment plans

Thanks to the IoT healthcare monitoring solutions encourage patients to stick to their treatment procedures and help the doctors to stay informed about the patient’s condition without much ado.

Operational Flexibility

Online diagnoses with the help of IoT Mobile apps allows doctors to enjoy flexible schedules without having to visit the clinic in case of non-emergencies.

Lesser crowd in hospital spaces

Digitally smart healthcare centers can do away with over-crowded waiting rooms, and as such can manage with lesser spaces and fewer administrative staff. Furthermore, the chances of healthcare staff getting infected with contagious diseases lessen.

Cost-efficiency

IoT healthcare solutions enable doctors to scale up the patient count by diagnosing more patients in a day.

On account of digital real-time consultation and monitoring, patients save on the cost by avoiding unnecessary hospital visits, longer hospital stays, and readmissions.

Augments Brand value

Implementing IoT powered smart solutions and motivating the patients to adopt these technologies enhances the brand value of a company and provides them a competitive edge over others and improves overall patient satisfaction too.

Final Verdict

IoT in Healthcare has redefined healthcare services altogether by opening up a wide range of convenient options for patients, practitioners, and healthcare service providers. It’s high time that the healthcare operators incorporate IoT healthcare solutions in their practice operations if they would like to make a mark in today’s dynamic and competitive market.

With this, we come to the end of this write-up.

To know more about our core technologies, refer to links below

React Native App Development Company

Angular App Development Company

Ionic App Development Company

Blockchain App Development

#smart healthcare apps #healthcare iot applications #iot applications in healthcare #IoT App Developer #IoT Application Development #IoT Mobile apps #IoT mobile app development

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chandanbetha-blog · 4 years

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INTERNET OF THINGS(IOT)

The definition of the Internet of things has evolved due to the convergence of multiple technologies, real-time analytics, machine learning, commodity sensors, and embedded systems.[1] Traditional fields of embedded systems, wireless sensor networks, control systems, automation (including home and building automation), and others all contribute to enabling the Internet of things. In the consumer market, IoT technology is most synonymous with products pertaining to the concept of the "smart home", covering devices and appliances (such as lighting fixtures, thermostats, home security systems and cameras, and other home appliances) that support one or more common ecosystems, and can be controlled via devices associated with that ecosystem, such as smartphones and smart speakers.

There are a number of serious concerns about dangers in the growth of IoT, especially in the areas of privacy and security, and consequently industry and governmental moves to address these concerns have begun.

History

The main concept of a network of smart devices was discussed as early as 1982, with a modified Coca-Cola vending machine at Carnegie Mellon University becoming the first Internet-connected appliance, able to report its inventory and whether newly loaded drinks were cold or not.Mark Weiser's 1991 paper on ubiquitous computing, "The Computer of the 21st Century", as well as academic venues such as UbiComp and PerCom produced the contemporary vision of the IoT. In 1994, Reza Raji described the concept in IEEE Spectrum as "[moving] small packets of data to a large set of nodes, so as to integrate and automate everything from home appliances to entire factories".Between 1993 and 1997, several companies proposed solutions like Microsoft's at Work or Novell's NEST. The field gained momentum when Bill Joy envisioned device-to-device communication as a part of his "Six Webs" framework, presented at the World Economic Forum at Davos in 1999.

The term "Internet of things" was likely coined by Kevin Ashton of Procter & Gamble, later MIT's Auto-ID Center, in 1999, though he prefers the phrase "Internet for things". At that point, he viewed radio-frequency identification (RFID) as essential to the Internet of things,which would allow computers to manage all individual things.

Defining the Internet of things as "simply the point in time when more 'things or objects' were connected to the Internet than people", Cisco Systems estimated that the IoT was "born" between 2008 and 2009, with the things/people ratio growing from 0.08 in 2003 to 1.84 in 2010.

The key driving force behind the Internet of things is the MOSFET (metal-oxide-semiconductor field-effect transistor, or MOS transistor),which was originally invented by Mohamed M. Atalla and Dawon Kahng at Bell Labs in 1959.The MOSFET is the basic building block of most modern electronics, including computers, smartphones, tablets and Internet services. MOSFET scaling miniaturization at a pace predicted by Dennard scaling and Moore's law has been the driving force behind technological advances in the electronics industry since the late 20th century. MOSFET scaling has been extended into the early 21st century with advances such as reducing power consumption, silicon-on-insulator (SOI) semiconductor device fabrication, and multi-core processor technology, leading up to the Internet of things, which is being driven by MOSFETs scaling down to nanoelectronic levels with reducing energy consumption.

Privacy and security concern :

As for IoT, information about a user's daily routine is collected so that the “things” around the user can cooperate to provide better services that fulfill personal preference. When the collected information which describes a user in detail travels through multiple hops in a network, due to a diverse integration of services, devices and network,the information stored on a device is vulnerable to privacy violation by compromising nodes existing in an IoT network.

For example, on 21 October 2016,a multiple distributed denial of service (DDoS) attacks systems operated by domain name system provider Dyn, which caused the inaccessibility of several websites, such as GitHub, Twitter, and others. This attack is executed through a botnet consisting of a large number of IoT devices including IP cameras, gateways, and even baby monitors.

Fundamentally there are 4 security objectives that the IOT system requires:(1)data confidentiality: unauthorized parties cannot have access to the transmitted and stored data.(2)data integrity: intentional and unintentional corruption of transmitted and stored data must be detected.(3)non-repudiation: the sender cannot deny having sent a given message.(4)data availability: the transmitted and stored data should be available to authorized parties even with the denial-of-service (DOS) attacks

IoT adoption barriers :

Lack of interoperability and unclear value proposition

Despite a shared belief in the potential of the IoT, industry leaders and consumers are facing barriers to adopt IoT technology more widely. Mike Farley argued in Forbes that while IoT solutions appeal to early adopters, they either lack interoperability or a clear use case for end-users. A study by Ericsson regarding the adoption of IoT among Danish companies suggests that many struggle "to pinpoint exactly where the value of IoT lies for them".

Privacy and security concerns

Applications :

Nest

learning thermostat reporting on energy usage and local weather

Ring

doorbell connected to the Internet

August Home

smart lock connected to the Internet

The extensive set of applications for IoT devices is often divided into consumer, commercial, industrial, and infrastructure spaces.

Consumer applicationS

A growing portion of IoT devices are created for consumer use, including connected vehicles, home automation, wearable technology, connected health, and appliances with remote monitoring capabilities.

Smart home

IoT devices are a part of the larger concept of home automation, which can include lighting, heating and air conditioning, media and security systems. Long-term benefits could include energy savings by automatically ensuring lights and electronics are turned off.

A smart home or automated home could be based on a platform or hubs that control smart devices and appliances. For instance, using Apple's HomeKit, manufacturers can have their home products and accessories controlled by an application in iOS devices such as the iPhone and the Apple Watch. This could be a dedicated app or iOS native applications such as Siri. This can be demonstrated in the case of Lenovo's Smart Home Essentials, which is a line of smart home devices that are controlled through Apple's Home app or Siri without the need for a Wi-Fi bridge.[31] There are also dedicated smart home hubs that are offered as standalone platforms to connect different smart home products and these include the Amazon Echo, Google Home, Apple's HomePod, and Samsung's SmartThings Hub. In addition to the commercial systems, there are many non-proprietary, open source ecosystems; including Home Assistant, OpenHAB and Domoticz.

Elder care

One key application of a smart home is to provide assistance for those with disabilities and elderly individuals. These home systems use assistive technology to accommodate an owner's specific disabilities. Voice control can assist users with sight and mobility limitations while alert systems can be connected directly to cochlear implants worn by hearing-impaired users.They can also be equipped with additional safety features. These features can include sensors that monitor for medical emergencies such as falls or seizures.Smart home technology applied in this way can provide users with more freedom and a higher quality of life.

The term "Enterprise IoT" refers to devices uSed in business and corporate settings. By 2019, it is estimated that the EIoT will account for 9.1 billion devices

Commercial application and Medical and healthcare :

The Internet medical things (IoMT) is an application of the IoT for medical and health related purposes, data collection and analysis for research, and monitoring.[38][39][40][41][42] The IoMT has been referenced as "Smart Healthcare",[43] as the technology for creating a digitized healthcare system, connecting available medical resources and healthcare services.[citation needed][44]

IoT devices can be used to enable remote health monitoring and emergency notification systems. These health monitoring devices can range from blood pressure and heart rate monitors to advanced devices capable of monitoring specialized implants, such as pacemakers, Fitbit electronic wristbands, or advanced hearing aids. Some hospitals have begun implementing "smart beds" that can detect when they are occupied and when a patient is attempting to get up. It can also adjust itself to ensure appropriate pressure and support is applied to the patient without the manual interaction of nurses. A 2015 Goldman Sachs report indicated that healthcare IoT devices "can save the United States more than $300 billion in annual healthcare expenditures by increasing revenue and decreasing cost." Moreover, the use of mobile devices to support medical follow-up led to the creation of 'm-health', used analyzed health statistics."

A Nest learning thermostat reporting on energy usage and local weather

A Ring doorbell connected to the Internet

An August Home smart lock connected to the Internet .

Infrastructure applications :

Monitoring and controlling operations of sustainable urban and rural infrastructures like bridges, railway tracks and on- and offshore wind-farms is a key application of the IoT. The IoT infrastructure can be used for monitoring any events or changes in structural conditions that can compromise safety and increase risk. The IoT can benefit the construction industry by cost saving, time reduction, better quality workday, paperless workflow and increase in productivity. It can help in taking faster decisions and save money with Real-Time Data Analytics. It can also be used for scheduling repair and maintenance activities in an efficient manner, by coordinating tasks between different service providers and users of these facilities. IoT devices can also be used to control critical infrastructure like bridges to provide access to ships. Usage of IoT devices for monitoring and operating infrastructure is likely to improve incident management and emergency response coordination, and quality of service, up-times and reduce costs of operation in all infrastructure related areas. Even areas such as waste management can benefit from automation and optimization that could be brought in by the IoT.

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themarketresearchtrends-blog · 6 years

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RFID Blood Monitoring Systems Market Segmentation, Trends, Scope & Analysis to 2022

6 Nov 2018 - The global RFID Blood Monitoring Systems Market size was estimated at USD 104 million in 2014. Rising demand for efficient management system regarding blood & related products and growing awareness pertaining to minimize transfusion errors in medical process are some of the key factors driving RFID blood monitoring systems market. Rapidly consolidating healthcare sector and increase in volume of blood & related products inventory is further boosting up the demand for this technology in healthcare industry.

Technological advancements in RFID systems will not only provide identification details but also provide location information on a real time basis, which will further boost demand among end-users for these devices. Increase in R&D activities for the development of new management solutions and rising concerns for patient safety is expected to propel the growth of RFID blood monitoring systems. Growing adoption of RFID technologies by the hospitals and blood banks particularly in blood freezers and refrigerators further surges demand for this technology. Some of the other factors driving the growth of the market are favorable regulatory policies for the approval of RFID technologies and rising trend of privatization of healthcare infrastructure that led to the introduction of modern technologies in the healthcare settings. In 2013, FDA approved iTrace which is a RFID-based tracking system that can be used in blood banks systems.

Product Insights

Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/rfid-blood-monitoring-systems-market/request-sample

In addition, various application of RFID in healthcare system further drive the demand over the forecast period. Radiofrequency identification tags held the significant market share owing to the demand of technologically advanced products such as alternative tags and sensory tags designs that uses Smart Active Label Technology (SAL) which is less susceptible to metal and liquid. In addition, it maximizes the profitability of medical facilities that is expected to further boost up its demand.

Browse Full Research Report @ https://www.millioninsights.com/industry-reports/rfid-blood-monitoring-systems-market

End Use Insights

Regional Insight

Competitive Insights

Few of the key participants of RFID blood monitoring systems market include, TAGSYS; Wave Mark, Inc.; LogTag Recorders Ltd.; Solstice Medical LLC; Innerspace; LogiTag Ltd.; Terson Solutions and Mobile Aspects; Inc.

See More Reports of this Category by Million Insights @ https://www.millioninsights.com/industry/medical-devices

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ucollectinfographics · 6 years

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Infographics: Global RFID Blood Monitoring Systems Market Revenue from software expected to increase US$ 900 Mn between 2017-2026 #BloodMonitoring, #RFIDBloodMonitoring, #RFIDBloodMonitoringSystems, #RFIDBloodMonitoringSystemsMarket, #RFIDSystems Visit link: http://www.ucollectinfographics.com/infographics-global-rfid-blood-monitoring-systems-market-revenue-from-software-expected-to-increase-us-900-mn-between-2017-2026/

#Blood Monitoring #RFID Blood Monitoring #RFID Blood Monitoring Systems #RFID Blood Monitoring Systems Market #RFID Systems #Health

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marketresearchinsight-blog · 8 years

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Constant R&D initiatives and increasing demand for minimization of clerical errors are key factors attributing to high market growth

The global RFID Blood Monitoring Systems Market is expected to reach USD 511.5 million by 2022, according to a new report by Grand View Research Inc. RFID technology enables automation in data collection, identification, classification and tracking items. Key growth factors attributing for its rapid growth include increasing prevalence of chronic diseases such as heart, kidney, lung, liver, and other contagious and non contagious diseases. RFID tags are attached to blood samples to ensure easy monitoring of the samples in hospitals, blood banks, and diagnostic centers. These RFID tags enable high speed processing of samples without errors and mix-ups. Furthermore, increasing healthcare expenditure, rising demand for preliminary healthcare checkups for early detection and diagnosis are also expected to positively reinforce the market growth in the next seven years. RFID blood monitoring systems market is segmented on the basis of product into systems and tags. The information stored on the RFID tags is directly scanned and entered into the central data bases. This central data base enables analysis of patient history, type of test performed and the sample used for testing. Technological advancements such as cloud based servers enable easy access to sample information from multiple devices will boost market growth over the next seven years. RFID blood monitoring systems industry is segmented on the basis of end use as blood banks and hospital blood centers. Blood banks and hospital blood centers are required to have substantial inventory of blood and blood products. RFID tagging is an affordable and systematic inventory management solution for such large scale testing, and storage of blood. Request a for Sample Copy of this report: http://www.grandviewresearch.com/industry-analysis/rfid-blood-monitoring-systems-market

Further key findings from the report suggest:

In 2014, North America held majority of market share of over 50% owing to the presence of advanced healthcare infrastructure, high level collaboration between the industry and stake holders. Furthermore, rapid adoption of technological advanced products to improve patient care, diagnostic efficiency by ensuring sample integrity in storage area and testing are amongst key factors positively reinforcing the growth in the next seven years.

Asia Pacific is expected to be the fastest growing region with a CAGR of 23.2% during the next seven years. Key factors attributing to its rapid growth include economic development in countries such as China, Brazil, India, and South Korea. Increasing disease prevalence rates leading to subsequent rise in blood diagnostics and blood inventory management are expected to boost usage rates of RFID blood monitoring systems and tags over the forecast period.

Key players in RFID systems and tags market include Wave Mark, Log Tag, Tagsys RFID Group, Terson Solutions, Solstice Medical LLC, Stanley Innerspace, Logi Tag and Mobile ASpects Inc. Furthermore, with the entry of new players, introduction of technologically advanced, and low cost systems is expected to improve competition over the forecast period.

Browse All Reports of Same Category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices Grand View Research has segmented the Global RFID Blood Monitoring Systems market on the basis of product and application type RFID Blood Monitoring Systems Market, Product Outlook (Revenue, USD Million, 2012 - 2022)

Systems