Global RFID in Healthcare Markets to Reach $15.7 Billion by 2030
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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$15.7 Billion by 2030, growing at a CAGR of 14.6% over the analysis period 2022-2030.
Tags, one of the segments analyzed in the report, is projected to record a 16.2% CAGR and reach US$8.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Readers segment is readjusted to a revised 12.4% CAGR for the next 8-year period.
The RFID in Healthcare market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 18.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2030.
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
Tags, one of the segments analyzed in the report, is projected to record a 16.2% CAGR and reach US$8.5 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Readers segment is readjusted to a revised 12.4% CAGR for the next 8-year period.
The RFID in Healthcare market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$3.8 Billion by the year 2030 trailing a CAGR of 18.1% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 11.1% and 13.4% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 13% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$2.7 Billion by the year 2030.
Fears of new COVID outbreaks and China's already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year.
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