China Rfid In Healthcare Market Size & Outlook, 2023-2030
China rfid in healthcare market, 2018-2030 (US$M)
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China rfid in healthcare market highlights
- The China rfid in healthcare market generated a revenue of USD 248.7 million in 2023 and is expected to reach USD 951.3 million by 2030.
- The China market is expected to grow at a CAGR of 21.1% 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 248.7 million |
| Market revenue in 2030 | USD 951.3 million |
| Growth rate | 21.1% (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, China accounted for 5.4% 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 Asia Pacific, China rfid in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 951.3 million by 2030.
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RFID In Healthcare Market Scope
RFID In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 61.36% in 2023. Horizon Databook has segmented the China rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
China is the world’s largest manufacturing hub and is the most populous nation in the world. The manufacturing facilities in China cater to the export demands and as well as domestic market. Growth in the Chinese economy also led to the development of a thriving counterfeit and fake product industry, and therefore, adoption of RFID technologies has received significant support from the government.
In 2007, the Chinese healthcare regulatory body approved usage of UHF RFID technology with power of over 1 watt. Thus, with permission of using up to 1 watt of RFID power in UHF RFID devices, the barrier to adoption of RFID-enabled solutions was completely removed in China.
Furthermore, the government support to “Internet of things” is anticipated to create new opportunities for RFID in healthcare market in the future. In addition, local presence of a large number of pharmaceutical companies is expected to aid growth of the RFID market in China.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into China rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China rfid in healthcare market size, by product, 2018-2030 (US$M)
China RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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