Market Research Report
RFID in Healthcare
|Published by||Global Industry Analysts, Inc.||Product code||248930|
|Published||Content info||300 Pages
Delivery time: 1-2 business days
|RFID in Healthcare|
|Published: July 1, 2020||Content info: 300 Pages||
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,