Germany Rfid In Healthcare Market Size & Outlook
Germany rfid in healthcare market, 2018-2030 (US$M)
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Germany rfid in healthcare market highlights
- The Germany rfid in healthcare market generated a revenue of USD 236.0 million in 2023 and is expected to reach USD 812.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 19.3% 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 236.0 million |
| Market revenue in 2030 | USD 812.2 million |
| Growth rate | 19.3% (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, Germany accounted for 5.1% 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 Europe, Germany rfid in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 812.2 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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Germany 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 Germany rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
The market in Germany is growing due to various factors such as increase in initiatives by government in healthcare IT sector, high investments on R&D, well-established engineering capabilities, and availability of low-cost labor.
In April 2019, the Ministry of Health in Germany launched Health Innovation Hub (HIH) initiative to drive digital transformation of Germany’s healthcare system. Favorable government strategies are expected to provide lucrative opportunities to the local and global medical technology companies operating in this country, thus aiding local market growth.
For instance, Industry 4.0 is one of the government initiatives focusing on innovation pertaining to integration of science & business in the private sector. The growing need to minimize medical errors is anticipated to increase demand for RFID technology in pharmaceutical tracking.
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Horizon Databook provides a detailed overview of country-level data and insights on the Germany rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Germany rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Germany rfid in healthcare market size, by product, 2018-2030 (US$M)
Germany RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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