Pharma RFID market expected to hit US$ 1 trillion by 2020
The market for Radio Frequency Identification (RFID) applications in pharmaceuticals is conservatively estimated to reach US$ 600 million by 2012 with a compound annual growth rate of 60%, according to a new market research study.
A quarter of the major pharmaceutical companies are expected to implement large-scale RFID projects to reduce costs, improve inventory control, track clinical trials and manage samples, claim the authors of “RFID in Pharmaceutical Manufacturing”, a study by the market research firm Kalorama Information.
Kalorama notes that the total pharmaceutical market is expected to hit US$ 1 trillion by 2020, doubling from 2005 levels. The Food and Drug Administration and state governments are requiring additional product tracking to curb counterfeit drugs and improve patient safety and product integrity. As a result, RFID is positioned to be a top solution to help companies efficiently cope with the changing structure of the industry.
The adoption of RFID is being driven by two important factors: a huge drop in hardware prices (about 80% since 2000) and the promise of major cost-savings. The report states that as much as 40% of inventory can be managed more efficiently.
Siemens unveil new radiology solutions
Siemens Healthcare unveiled a new portal of IT software for radiologists and other hospital personnel who work with imaging staff, known as the syngo Portal.
Siemens has developed three different strands of the system for radiologists, referring physicians and for senior utives. The solutions have been developed to offer role-based access to applications and information critical to their daily functions.
Syngo Portal Radiologist is intended to help radiologists with specific tasks, such as checking requests, reading images, signing report functions. It allows radiologists to organise their work according to the workflow step. It will include integrated intelligence, providing the user with access to the next logical application according to the workflow step he or she is carrying out. For referrals, Syngo Portal Referring Physician is also a role-based solution and supports the referring physician in communication with the radiology department. The portal enables physicians to schedule appointments directly from the ward or referring physician’s office.
Syngo Portal utive is designed especially for utives in hospitals and clinics. The user interface can be individually customised to fit the requirements of the hospital or the radiology department – enabling proactive decision management and better strategic planning.
Panasonic introduces Toughbooks with Intel’s Menlow platform
Panasonic introduced two new Toughbook models recently. These were a mobile clinical assistant (MCA) device purpose-built for the healthcare market and an extremely-rugged handheld ultra mobile PC (UMPC) for field-use.
Both devices will use Intel’s Menlow platform based on its new low-power architecture – consisting of the Silverthorne processor and the Poulsbo chipset.
The new computing devices, which are currently under development, are aimed at healthcare, government, military and commercial applications.
Panasonic claims the MCA is the first of its type in the world to use the Menlow platform. Designed for hand-held use, it is is a lightweight, spill-resistant,