Asia Pacific Rfid In Healthcare Market Size & Outlook
Asia Pacific rfid in healthcare market, 2018-2030 (US$M)
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Asia Pacific rfid in healthcare market highlights
- The Asia Pacific rfid in healthcare market generated a revenue of USD 1,042.8 million in 2023.
- The market is expected to grow at a CAGR of 19.7% from 2024 to 2030.
- In terms of segment, tags was the largest revenue generating product in 2023.
- Tags is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,042.8 million |
| Market revenue in 2030 | USD 3,664.5 million |
| Growth rate | 19.7% (CAGR from 2023 to 2030) |
| Largest segment | Tags |
| Fastest growing segment | Tags |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Systems & Software, Tags |
| Key market players worldwide | Alien Technology, Zebra Technologies Corp Class A, Avery Dennison Corp, Impinj Inc, LogiTag, Mobile Aspects, Promega, Invengo, Gao Rfid, CenTrak |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.5% of the global rfid in healthcare market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 3,664.5 million by 2030.
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RFID In Healthcare Market Scope
RFID In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific rfid in healthcare market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rfid in healthcare market will help companies and investors design strategic landscapes.
Tags was the largest segment with a revenue share of 61.35% in 2023. Horizon Databook has segmented the Asia Pacific rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is a major manufacturing hub of the world and requires an efficient supply chain management. Primarily, companies based in Japan were observed to be leaders in technological innovation, although significant developments in China have also boosted market growth in this region.
For instance, in May 2016, Invengo Technology Pte. Ltd, a Chinese company, launched stateof-the-art XC-RF868 RAIN RFID IoT Reader at RFID Journal LIVE to address industry-wide solutions, including healthcare, retail, and manufacturing.
The increasing disease burden in this region is a key driver of demand for healthcare services, devices, and drugs, and, therefore, it is expected to increase the usage of RFID technology.
Furthermore, as this region has a large manufacturing base, the chances of counterfeit products entering the supply chain are very high, therefore, full-scale implementation of RFID systems, such as RFID kanban and RFID smart cabinets, is expected over the forecast period.
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Our clientele includes a mix of rfid in healthcare market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific rfid in healthcare market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific rfid in healthcare market size, by country, 2018-2030 (US$M)
Asia Pacific RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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