A healthy outlook for the Global RFID in Healthcare Market

The global market for RFID in Healthcare estimated at US$5.3 Billion in the year 2022, is projected to reach a revised size of US$9.1 Billion by 2026, growing at a CAGR of 13.8% over the analysis period.

Tags, one of the segments analyzed in the report, is projected to record a 15.4% CAGR and reach US$5.4 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Readers segment is readjusted to a revised 11.7% CAGR for the next 7-year period.

RFID tags, also called RFID transponders, are tiny RF identification devices. Growth in the segment will be especially driven by the growing adoption of low cost tags. Passive RFID tags have managed to dominate the RFID tags market, particularly due to their cost-effectiveness over active tags.