MEA RFID Market

MEA RFID Market Size (2022 To 2027)

The RFID market in the Middle East and Africa is estimated to grow at a CAGR of 5.38% from 2022 to 2027. As a result, the market size is expected to be worth USD 910 million by 2027 from USD 700 million in 2022.

The growing usage of RFID in the healthcare sector across the countries of the MEA region is one of the key factors propelling the MEA RFID market growth. RFID tags contain digital data, which is captured by the scanner. Radiofrequency identification helps ensure medical personnel's safety by identifying and tracking infected individuals. It also improves patient monitoring, safety, and the use of medication. In addition, Radiofrequency identification helps in the easy tracking of healthcare-related persons and achieves a fast and secure operational manner around the hospital and correct treatment for the patients. It is also primarily used for infants by tying tags to the babies and the mother’s wrists to reduce the chances of errors in the children's handover.

The growing number of people suffering from mental health disorders and the increasing number of older people admitted to hospitals are fuelling the growth rate of the RFID market in MEA. RFID tags are used among patients for tracking purposes. It also helps the pharmacy store check the availability of medications and vaccines, keep them up to date, and inform the team if a refill is needed in certain sections.

In addition, the growing adoption of RFID manufacturing units for the management of medical devices and quality control is estimated to promote the growth of the RFID market in the MEA region. One of the major advantages of RFID technology in medical device manufacturing units is the tracking of the medical device from manufacturing to distribution through the supply chain and inventory management at hospitals and diagnostic clinics. It also helps identify whether each person who uses the device is adequately trained on the equipment.

Furthermore, the growing advancements in RFID devices are anticipated to boost the market’s growth rate in the MEA region. Furthermore, using advanced technologies such as the Internet of things, Machine Learning, Artificial Intelligence, and advanced sensing technologies in manufacturing the RFID system also demands market growth in the region.

However, a lack of awareness regarding RFID systems is one of the key factors hampering the growth of the MEA RFID market. In addition, the lack of senior IT executives and less investment in the field hamper market growth. The high cost of the radio frequency identification system installation and maintenance may challenge the adoption in the region, which impedes the market growth. The lack of significant data backup also challenges market growth.

This research report on the Middle East and Africa RFID market has been segmented and sub-segmented into the following categories.

By Component Type:

• RFID Tags
• RFID Readers
• RFID Middleware

By Tag Type:

• Passive Tags
• Active Tags

By End-User:

• Logistics and Manufacturing
• Retail and Consumer Goods
• Healthcare
• Aerospace and Defence
• Government
• Others

By Country:

• KSA
• UAE
• Israel
• rest of GCC countries
• South Africa
• Ethiopia
• Kenya
• Egypt
• Sudan
• rest of MEA

Geographically, the MEA region occupied a moderate share of the global market in 2021 and is expected to grow at a steady CAGR during the forecast period owing to the increasing use of radio frequency identification systems.

The RFID market in Saudi Arabia is anticipated to hold a major share of the MEA market during the forecast period owing to the growing number of RFID companies in Saudi Arabia. In addition, tony hospitals in Saudi Arabia are adopting a radio frequency identification system to improve service and patient safety. It also helps the patient improve care and reduce operating costs.

The UAE RFID market is estimated to witness a notable CAGR during the forecast period owing to increasing advancement in the field of radio frequency identification. Due to the increasing use of radio frequency technology, the UAE government has increased investment in developing advanced technologies in healthcare industries to reduce medical errors and improve decision-making solutions by healthcare organizations.

KEY MARKET PLAYERS:

Zebra Technologies, Alien Technology Impinj, Avery Dennison, NXP Semiconductors, HID Global, Smartrac Technology, GAO RFID, Invengo Technology, and TagMaster are some notable companies in the MEA RFID market.