Saudi Arabia Rfid In Healthcare Market Size & Outlook
Saudi Arabia rfid in healthcare market, 2018-2030 (US$M)
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Saudi Arabia rfid in healthcare market highlights
- The Saudi Arabia rfid in healthcare market generated a revenue of USD 28.1 million in 2023 and is expected to reach USD 62.7 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 12.2% 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 28.1 million |
| Market revenue in 2030 | USD 62.7 million |
| Growth rate | 12.2% (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, Saudi Arabia accounted for 0.6% 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 Middle East & Africa, Saudi Arabia rfid in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 56.5 million by 2030.
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RFID In Healthcare Market Scope
RFID In Healthcare Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia 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 61.21% in 2023. Horizon Databook has segmented the Saudi Arabia rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
Saudi Arabia is witnessing a trend of information technology applications in delivering effective health care. The adoption of digital technologies in the country is growing due to their potential to improve the quality of care and reduce the cost substantially, for both patients as well as providers.
The Saudi Arabian government has undertaken many medical performance improvement projects for its healthcare sector, for instance, neonatal protection system using RFID. This system is used for protecting neonates from abduction or unintentional switching within hospitals.
Currently, this system is applied in 149 hospitals across Saudi Arabia. The aforementioned factor contributes to the market growth in the country. Increase in number of global and local pharmaceutical companies in the country is anticipated to raise the demand for RFID technology to tackle drug counterfeiting and diversion in the coming years.
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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 Saudi Arabia rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia rfid in healthcare market size, by product, 2018-2030 (US$M)
Saudi Arabia RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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