360 MARKET UPDATES Report provides a 360-degree overview of the global Near Field Communications Market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Report Title: “Global Near Field Communications Market – Segmented by Type of, Product and Application – Growth, Trends and Forecasts (2018 – 2023)”
Global “Near Field Communications Market” is expected to register a CAGR of approximately 17.5% during the forecast period of (2018 – 2023). Also, Near Field Communications Market report provides the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Near Field Communications Analysis.
Near Field Communications market Report provides a 360-degree overview of the global Near Field Communications market with special emphasis on all aspects including drivers, restraints, and opportunities, market and regional segmentation.
Near Field Communications Market Report Covers Leading Manufacturers: QUALCOMM,SONY,TEXAS INSTRUMENTS,GENTAG,OMRON HEALTHCARE,QOLPAC,A&D COMPANY, NXP SEMICONDUCTORS
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The global near field communications market is expected to register a CAGR of 17.5% during the forecast period, 2018 to 2023. North America dominates the market due to the increased volume of mobile/contactless payments and increasing demand for home based monitoring.
Near Field Communications is a short-range, low-power communications protocol between two devices. One device, the initiator, uses magnetic induction to create a radio-wave field that the target can detect and access, allowing small amounts of data to be transferred wirelessly over a relatively short distance. NFC is now gaining traction in the healthcare industry, and has caught the eye of various medical device manufacturers for use in their products.
Exponential penetration of smartphones usage globally
Driving the push toward utilizing smartphones in healthcare settings, is the refinement of NFC. NFC is a short-range, wireless connection standard that allows devices to communicate when theyâre simply brought within a few inches of each other. NFC is an extremely simple and convenient technology, as data exchange can be done by just bringing two NFC enabled devices together. NFC-assisted mobile health monitoring, which applies to the prevailing mobile communication methods and cloud, to provide feedback decision support, has been considered a revolutionary approach to improving the quality of healthcare service, while lowering healthcare cost. Rise in near field communication enabled communication systems which is the innovative technology that makes secure transactions and exchanged digital content by mobile.
Additionally, growth of the home healthcare and remote patient monitoring equipment and decreasing cost of this technology.
Lack of proper long-range communication
Near field communication is one of the highest-growing healthcare-related services, the usage is limited to device-device pairing, especially in portable imaging devices, and is not efficient enough for huge data transfer. Since the data transfer speed is low, the usage of this technology is not applicable to media streaming applications in healthcare, such as, tomographic imaging, digital pathology, etc. This disadvantage with the technology is one of the major restraints for its growth in the market. Although, security level increases with the technology, the short-range is limited to 10 cm, which is also a major drawback.
Additionally, lack of awareness among the healthcare personnel and scepticism for industry experts and leaders.
North America to Dominate the Market
Near field communications in healthcare market, is segmented on the basis of operating mode, application, and by end-user. By operating mode, it is segmented into â reader/ writer mode, card emulation mode and peer-to-peer mode. By application it is segmented into â medical devices, payment, identity and access tokens, and social networking. By end-user it is segmented into âhealthcare organizations, pharmaceuticals, biotechnology and others. By geography it is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa and South America.
North America dominated the near-field communications in healthcare market due to the demand of NFC-enabled devices and rise in mobile/contactless payments.
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Reasons to Purchase Near Field Communications Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months’ analyst support along with the Market Estimate sheet (in excel).
“We also can offer customized report to fulfill special requirements of our clients. Regional and Countries report can be provided as well.”
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