Latin America Rfid In Healthcare Market Size & Outlook
Latin America rfid in healthcare market, 2018-2030 (US$M)
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Latin America rfid in healthcare market highlights
- The Latin America rfid in healthcare market generated a revenue of USD 248.3 million in 2023.
- The market is expected to grow at a CAGR of 16.7% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 248.3 million |
| Market revenue in 2030 | USD 734.1 million |
| Growth rate | 16.7% (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, Latin America region accounted for 5.3% 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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Latin America 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 Latin America rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
Latin America's RFID market comprises Brazil, Argentina, and Mexico. Brazil is the most lucrative market in this region. With international companies expanding their successful RFID applications to this region and reduction in the cost of RFID systems, this technology is expected to gain market share in Latin America.
Moreover, medical centers and hospitals are using these technologies for patient tracking, blood sample tracking, and inventory management. The increasing adoption of RFID in Latin America can be attributed to the competition from developed regions.
Increasing free-trade agreements among Europe, the U.S., & Asia and the growing need to improve operational & pharmaceutical supply chain efficiency are expected to drive the RFID in the healthcare market in the region.
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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 Latin America rfid in healthcare market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America rfid in healthcare market size, by country, 2018-2030 (US$M)
Latin America RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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