Global Rfid In Pharmaceuticals Market Size & Outlook
Global rfid in pharmaceuticals market, 2018-2030 (US$M)
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Global rfid in pharmaceuticals market highlights
- The global rfid in pharmaceuticals market generated a revenue of USD 5,136.0 million in 2023 and is expected to reach USD 8,696.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 7.8% by 2030.
- In terms of segment, rfid readers accounted for a revenue of USD 2,153.7 million in 2023.
- RFID Readers is the most lucrative component segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 5,136.0 million |
| Market revenue in 2030 | USD 8,696.6 million |
| Growth rate | 7.8% (CAGR from 2023 to 2030) |
| Largest segment | Rfid readers |
| Fastest growing segment | RFID Readers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | RFID Tags, RFID Readers, RFID Middleware |
Other key industry trends
- In terms of revenue, the North America accounted for 48.3% of the global rfid in pharmaceuticals market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Kuwait is the fastest growing regional market and is projected to reach USD 11.1 million by 2030.
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RFID In Pharmaceuticals Market Scope
RFID In Pharmaceuticals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Global rfid in pharmaceuticals 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 pharmaceuticals market will help companies and investors design strategic landscapes.
Rfid readers was the largest segment with a revenue share of 41.93% in 2023. Horizon Databook has segmented the Global rfid in pharmaceuticals market based on rfid tags, rfid readers, rfid middleware covering the revenue growth of each sub-segment from 2018 to 2030.
- Global RFID In Pharmaceuticals Component Outlook (Revenue, USD Million, 2018-2030)
- RFID Tags
- RFID Readers
- RFID Middleware
- Global RFID In Pharmaceuticals Type Outlook (Revenue, USD Million, 2018-2030)
- Chipped RFID
- Chipless RFID
- Global RFID In Pharmaceuticals Application Outlook (Revenue, USD Million, 2018-2030)
- Drug Track & Tracing Systems
- Drug Quality Management
- Others
- Global RFID In Pharmaceuticals End-Use Outlook (Revenue, USD Million, 2018-2030)
- Drug Manufacturers
- Hospitals & Clinics
- Others (Distributors, Retailers)
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Target buyers of Global rfid in pharmaceuticals market databook
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Our clientele includes a mix of rfid in pharmaceuticals market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global rfid in pharmaceuticals market , including forecasts for subscribers. This global databook contains high-level insights into Global rfid in pharmaceuticals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global rfid in pharmaceuticals market size, by region, 2018-2030 (US$M)
Top 10 countries by Rfid In Pharmaceuticals Market revenue, 2023 (US$M)
Global rfid in pharmaceuticals market share, by component, 2023 & 2030 (%, US$M)
Rfid in pharmaceuticals market: Opportunity assessment by country
Global rfid in pharmaceuticals market, by region, 2023 (US$M)
| Component | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Latin America | 204.2 | 213.8 | 227.0 | 239.5 | 253.0 | 267.6 | 283.5 | 300.7 | 319.4 | 339.7 | 361.4 | 384.7 | 409.6 | 6.2% |
| Europe | 815.0 | 865.4 | 931.8 | 997.0 | 1,068.4 | 1,146.6 | 1,232.5 | 1,327.0 | 1,430.8 | 1,545.1 | 1,669.7 | 1,805.4 | 1,953.3 | 7.8% |
| North America | 1,808.9 | 1,911.0 | 2,047.1 | 2,178.9 | 2,322.8 | 2,479.9 | 2,651.8 | 2,840.0 | 3,046.1 | 3,272.2 | 3,517.2 | 3,782.8 | 4,070.9 | 7.2% |
| MEA | 113.9 | 117.9 | 123.7 | 128.9 | 134.4 | 140.3 | 146.6 | 153.3 | 160.3 | 167.9 | 175.7 | 183.8 | 192.2 | 4.5% |
| Asia Pacific | 724.4 | 781.7 | 855.1 | 929.2 | 1,011.0 | 1,101.5 | 1,201.6 | 1,312.6 | 1,435.7 | 1,572.4 | 1,722.8 | 1,888.4 | 2,070.7 | 9.3% |
| Overall | 3,666.2 | 3,889.8 | 4,184.7 | 4,473.4 | 4,789.6 | 5,136.0 | 5,516.0 | 5,933.5 | 6,392.3 | 6,897.3 | 7,446.8 | 8,045.0 | 8,696.7 | 7.8% |
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