Canada Rfid In Healthcare Market Size & Outlook, 2023-2030
Canada rfid in healthcare market, 2018-2030 (US$M)
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Canada rfid in healthcare market highlights
- The Canada rfid in healthcare market generated a revenue of USD 271.4 million in 2023 and is expected to reach USD 884.0 million by 2030.
- The Canada market is expected to grow at a CAGR of 18.4% 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.
Rfid in healthcare market data book summary
| Market revenue in 2023 | USD 271.4 million |
| Market revenue in 2030 | USD 884.0 million |
| Growth rate | 18.4% (CAGR from 2023 to 2030) |
| Largest segment | Tags |
| Fastest growing segment | Tags |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, Canada accounted for 5.8% of the global rfid in healthcare market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. rfid in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 884.0 million by 2030.
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RFID In Healthcare Market Scope
RFID In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 61.31% in 2023. Horizon Databook has segmented the Canada rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
Canada is one of the fastest growing countries in North America due to increasing adoption of digital technology in healthcare and growing awareness about the benefits of RFID technology among the healthcare providers.
According to a survey conducted by PwC’s Healthcare Services practice team on approximately 2,500 Canadians, a significant percentage of the population was interested in digital care practices. In addition, increasing adoption of RFID technology by hospitals impels growth of the market in the country.
For instance, North York Hospital, based in Ontario, Canada, uses RAIN RFID to achieve better patient care, reduce overhead costs, and simplify inventory tracking. Rising government initiatives for digitalization of healthcare systems contribute to growing market demand.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Canada rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada rfid in healthcare market size, by product, 2018-2030 (US$M)
Canada RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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