India Rfid In Healthcare Market Size & Outlook, 2023-2030
India rfid in healthcare market, 2018-2030 (US$M)
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India rfid in healthcare market highlights
- The India rfid in healthcare market generated a revenue of USD 177.7 million in 2023 and is expected to reach USD 672.1 million by 2030.
- The India market is expected to grow at a CAGR of 20.9% 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 177.7 million |
| Market revenue in 2030 | USD 672.1 million |
| Growth rate | 20.9% (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, India accounted for 3.8% 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 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 |
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India 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 61.4% in 2023. Horizon Databook has segmented the India rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
In India, healthcare is evolving and most providers are adopting technologies such as ERP, HIS, appointment booking, and RFID for patient & asset tracking. For instance, in 2018, the Mother-Child Radio Frequency Identification (RFID) process was implemented on a pilot basis in the hospitals of East Godavari district in Andhra Pradesh.
Likewise, in the same year, authorities of the Government District Hospital in Tenali decided to use RFID tags on newborns to prevent infant kidnappings. India is one of the pharmaceutical-manufacturing hubs in the Asia Pacific region, involved in exporting them to the global markets.
Growing pharmaceutical exports from the country are anticipated to increase demand for RFID technology to tackle the cases of drug counterfeits in the coming years. According to data published by the Pharmaceuticals Export Promotion Council of India, pharmaceutical exports in the country were valued at USD 16.4 billion in 2016-2017 and are expected to grow by 30% the next 3 years to reach USD 20 billion by 2020.
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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 India rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into India rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India rfid in healthcare market size, by product, 2018-2030 (US$M)
India RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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