UK Rfid In Healthcare Market Size & Outlook, 2023-2030
UK rfid in healthcare market, 2018-2030 (US$M)
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UK rfid in healthcare market highlights
- The UK rfid in healthcare market generated a revenue of USD 181.5 million in 2023 and is expected to reach USD 616.1 million by 2030.
- The UK market is expected to grow at a CAGR of 19.1% 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.
Rfid in healthcare market data book summary
| Market revenue in 2023 | USD 181.5 million |
| Market revenue in 2030 | USD 616.1 million |
| Growth rate | 19.1% (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, UK accounted for 3.9% 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 Europe, Germany rfid in healthcare market is projected to lead the regional market in terms of revenue in 2030.
- Germany is the fastest growing regional market in Europe and is projected to reach USD 812.2 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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UK 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 UK rfid in healthcare market based on systems & software, tags covering the revenue growth of each sub-segment from 2018 to 2030.
The UK is one of the leading countries in terms of adoption of digital platforms. This can be attributed to factors such as initiatives by the public & private sector and the growing adoption of RFID technology by hospitals.
For instance, in July 2015, Heart of England NHS Trust’s estates department, which is in charge of managing the hospital—Good Hope Hospital, piloted RFID technology to track and manage its beds as well as hoists.
Apart from hospitals, pharmaceutical manufacturers based in the UK are adopting RFID technology. For instance, AstraZeneca, a multinational pharmaceutical and biopharmaceutical company, is using electronic handshake algorithm-based chipless RFID for error prevention and recording procedures with Diprivan anesthetic.
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Horizon Databook provides a detailed overview of country-level data and insights on the UK rfid in healthcare market , including forecasts for subscribers. This country databook contains high-level insights into UK rfid in healthcare market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK rfid in healthcare market size, by product, 2018-2030 (US$M)
UK RFID In Healthcare Market Outlook Share, 2023 & 2030 (US$M)
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