Europe Rfid In Healthcare Market Size & Outlook, 2023-2030
Europe rfid in healthcare market, 2018-2030 (US$M)
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Europe rfid in healthcare market highlights
- The Europe rfid in healthcare market generated a revenue of USD 1,181.1 million in 2023.
- The market is expected to grow at a CAGR of 18.5% 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, Germany is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 1,181.1 million |
| Market revenue in 2030 | USD 3,877.0 million |
| Growth rate | 18.5% (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, Europe region accounted for 25.4% 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 |
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Europe 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 61.34% in 2023. Horizon Databook has segmented the Europe rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
Europe is one of the most developed regions in the world. Factors such as growing demand for pharmaceutical tracking due to increasing drug counterfeit & trafficking and staff & patient tracking drive the regional market.
Growing digitalization in the healthcare and increasing number of initiatives by the European governments to support digital literacy programs are some factors expected to increase adoption of RFID in healthcare industry market in Europe in the coming years.
In addition, favorable government laws and mandates for pharmaceutical companies in Europe support market growth. For instance, as per the EU compliance standard, various ways of mentioning serial number on the outer packaging of pharmaceuticals are linear barcode, 2D-Barcode, and RFID.
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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 continent-level data and insights on the Europe rfid in healthcare market , including forecasts for subscribers. This continent databook contains high-level insights into Europe rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe rfid in healthcare market size, by country, 2018-2030 (US$M)
Europe RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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