Middle East & Africa Rfid In Healthcare Market Size & Outlook
Middle East & Africa rfid in healthcare market, 2018-2030 (US$M)
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MEA rfid in healthcare market highlights
- The MEA rfid in healthcare market generated a revenue of USD 119.9 million in 2023.
- The market is expected to grow at a CAGR of 11.1% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 119.9 million |
| Market revenue in 2030 | USD 250.6 million |
| Growth rate | 11.1% (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, MEA region accounted for 2.6% 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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Middle East & Africa 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 61.38% in 2023. Horizon Databook has segmented the Middle East & Africa rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
The major economies in MEA region include South Africa, UAE, and Saudi Arabia. Increase in investments on healthcare to cater to growing needs of the region is expected to be a key driver for market growth during the forecast period.
Lack of adequate regulatory controls and low technology penetration in the African countries are key factors leading to supply of counterfeit drugs in this market. Growing healthcare needs of the region increases the need for better healthcare services and strict control over sale of products & devices.
The implementation of RFID technology is expected to witness rapid growth over the forecast period due to the growing penetration of new technology and collaboration between various agencies for combating the issue of counterfeit products.
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Target buyers of Middle East & Africa rfid in healthcare market databook
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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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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa rfid in healthcare market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA rfid in healthcare market size, by country, 2018-2030 (US$M)
Middle East & Africa RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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