South Africa Rfid In Healthcare Market Size & Outlook
South Africa rfid in healthcare market, 2018-2030 (US$M)
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South Africa rfid in healthcare market highlights
- The South Africa rfid in healthcare market generated a revenue of USD 23.4 million in 2023 and is expected to reach USD 56.5 million by 2030.
- The South Africa market is expected to grow at a CAGR of 13.4% 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 23.4 million |
| Market revenue in 2030 | USD 56.5 million |
| Growth rate | 13.4% (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, South Africa accounted for 0.5% 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 |
|---|
South 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 61.54% in 2023. Horizon Databook has segmented the South Africa rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
Digitalization of healthcare in South Africa is expected to continue at a steady rate due to factors such as developing infrastructure, high unmet medical needs, and lucrative market space for investors. Furthermore, RFID usage to reduce asset mismanagement and automate patient services is expected to serve as a driving factor for adoption of RFID systems over the forecast period.
RFID Institute SA, Africa’s a prominent vendor-neutral RFID center, plays a significant role in increasing implementation of RFID systems in the country. The institute offers education and expert professional services in South Africa.
In addition, many small and large RFID manufacturers in South Africa cater to the local demand. For instance, Taggit SA offers RFID products and services to a wide range of industries in South Africa and other African regions.
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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 South Africa rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into South Africa rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa rfid in healthcare market size, by product, 2018-2030 (US$M)
South Africa RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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