Global RFID in Healthcare Industry

Global RFID in Healthcare Industry

  • July 2020 •
  • 300 pages •
  • Report ID: 4951634 •
  • Format: PDF
Global RFID in Healthcare Market to Reach US$9.3 Billion by the Year 2027
Amid the COVID-19 crisis, the global market for RFID in Healthcare estimated at US$3.1 Billion in the year 2020, is projected to reach a revised size of US$9.3 Billion by 2027, growing at a CAGR of 17.1% over the period 2020-2027.Tags, one of the segments analyzed in the report, is projected to grow at a 18% CAGR to reach US$6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Systems & Software segment is readjusted to a revised 15.5% CAGR for the next 7-year period. This segment currently accounts for a 39.3% share of the global RFID in Healthcare market.

The U.S. Accounts for Over 27% of Global Market Size in 2020, While China is Forecast to Grow at a 21.7% CAGR for the Period of 2020-2027
The RFID in Healthcare market in the U.S. is estimated at US$832.5 Million in the year 2020. The country currently accounts for a 26.97% share in the global market. China, the world second largest economy, is forecast to reach an estimated market size of US$2.1 Billion in the year 2027 trailing a CAGR of 21.7% through 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 13.2% and 15.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.7% CAGR while Rest of European market (as defined in the study) will reach US$2.1 Billion by the year 2027.We bring years of research experience to this 16th edition of our report. The 300-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

-Competitors identified in this market include, among others,
  • Dolphin RFID Pvt. Ltd
  • GAO RFID Inc.
  • GE Healthcare
  • Grifols S.A
  • IBM Corp.
  • Impinj Inc.
  • LogiTag Ltd.
  • metraTec GmbH
  • Mobile Aspects Inc.
  • Smartrac NV
  • STANLEY Healthcare
  • Terso Solutions Inc.
  • TOSHIBA TEC CORPORATION
  • WaveMark Inc.
  • Zebra Technologies Corporation