Research estimates show the global RFID market for health care to be worth $1.2 billion in 2012 and expect it to reach $34 billion by 2018, growing at a CAGR of 19.3% from 2012 to 2018. The new market research by Transparency Market Research states major contributing factors include increasing application of RFID technology in health care, rising issues of counterfeiting, need for tracking and localizing medical equipment.
