South Korea Rfid In Healthcare Market Size & Outlook
South Korea rfid in healthcare market, 2018-2030 (US$M)
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South Korea rfid in healthcare market highlights
- The South Korea rfid in healthcare market generated a revenue of USD 75.2 million in 2023 and is expected to reach USD 283.6 million by 2030.
- The South Korea market is expected to grow at a CAGR of 20.9% 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 75.2 million |
| Market revenue in 2030 | USD 283.6 million |
| Growth rate | 20.9% (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 Korea accounted for 1.6% 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 Asia Pacific, China rfid in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 951.3 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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South Korea 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 61.3% in 2023. Horizon Databook has segmented the South Korea rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
Stringent government regulations for pharmaceutical products are key drivers of the market. The Ministry of Health and Welfare notification 2011-58 sets laws for drug traceability in South Korea. The South Korean government aimed to have bar code or RFID tags on 50% of drugs in the pharmaceutical supply chain by the end of 2015.
The usage of RFID systems by hospitals is growing at a significant rate in South Korea. For instance, Hanaro Medical Center in South Korea is using an intelligent, queue management system, based on RFID developed by Cadi Scientific, at its health screening center.
Similarly, Kangnam Hospital is using an intelligent queue management system based on RFID at its outpatient center. The system was jointly developed by Korea’s information technology leader Choongwae IT and Singapore’s company Cadi Scientific.
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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 Korea rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into South Korea rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Korea rfid in healthcare market size, by product, 2018-2030 (US$M)
South Korea RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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