Mexico Rfid In Healthcare Market Size & Outlook, 2023-2030
Mexico rfid in healthcare market, 2018-2030 (US$M)
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Mexico rfid in healthcare market highlights
- The Mexico rfid in healthcare market generated a revenue of USD 45.5 million in 2023 and is expected to reach USD 141.2 million by 2030.
- The Mexico market is expected to grow at a CAGR of 17.6% 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 45.5 million |
| Market revenue in 2030 | USD 141.2 million |
| Growth rate | 17.6% (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, Mexico accounted for 1.0% 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 Latin America, Brazil rfid in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 256.5 million by 2030.
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RFID In Healthcare Market Scope
RFID In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 61.32% in 2023. Horizon Databook has segmented the Mexico rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
The developing healthcare infrastructure and favorable government initiatives are some of the factors that support growth of this market in Mexico. For instance, presence of favorable public programs such as National Universal Health Coverage Policy and National Digital Strategy has contributed to the development of a sustainable digital environment in Mexico.
The adoption of RFID technology is growing at a moderate pace. In 2016, Ixtapaluca Hospital used RFID tags developed by Xerafy to track and manage surgical tools. The presence of multinational pharmaceutical companies in the country is anticipated to increase demand for RFID tags for supply chain management.
Few multinational companies such as Schering Plough, Merck, Boehringer Ingelheim, Pfizer, GlaxoSmithKline, and Roche have been operating in Mexico. In addition, some companies such as Liomont, Sanfer, Silanes, Hormona, Rimsa, and Ophia are also operate in Mexico.
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Mexico rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico rfid in healthcare market size, by product, 2018-2030 (US$M)
Mexico RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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