The Latin America, Middle East and Africa RFID (Radio-frequency Identification) Smart Cabinets Market would witness market growth of 13.0% CAGR during the forecast period (2023-2029).
The market will likely rise during the projection period due to the widespread deployment of RFID smart cabinets in emerging nations. For example, RFID smart cabinets in hospitals would increase due to the emergence of private healthcare facilities and the growing uptake of healthcare information technology in developing nation like Brazil.
With computing platforms & software, RFID smart cabinet users typically utilize a desktop to manage the entire system, which may be employed in the pharmacy control or clinic document management systems. Most vendors in this field claim to have built their system or solution for a more effective smart hospital environment using scientific calculations and software.
Better product designs that combine cutting-edge technology elements are the outcome of ongoing clinical testing and continuous R&D. Healthcare spending has increased due to the growth of the healthcare sector and its infrastructure. To provide basic health insurance coverage, establish a primary healthcare service system, and enhance the accessibility of pharmaceuticals in rural and suburban regions, developing nations must significantly raise their investment. This outcome is the reformation of public healthcare institutions, which will spur market expansion.
Dubai should become a regional hub for top-notch healthcare, so the UAE government is working to increase the number of medical tourists visiting the country. Geographically well-positioned to serve as the hub of a transportation network connecting the economies of China and India to Europe and the United States, the nation has a strong infrastructure for transportation & logistics. These elements also make the nation a desirable place to build a regional distribution hub for medical technology and equipment. With a healthcare budget of 9.1% of its GDP, Brazil has one of the largest healthcare markets in Latin America. The usage of equipment like RFID-enabled cabinets is predicted to increase due to the region's well-established and growing healthcare infrastructure.
The Brazil market dominated the LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Country in 2022, and would continue to be a dominant market till 2029; thereby, achieving a market value of $48.3 Million by 2029. The Argentina market is experiencing a CAGR of 13.6% during (2023 - 2029). Additionally, The UAE market would display a CAGR of 12.7% during (2023 - 2029).
Based on Component, the market is segmented into RFID Tags, RFID Readers, RFID Antenna and Others. Based on End User, the market is segmented into Hospitals & Clinics, Bio-Pharmaceutical Companies and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Worldwide RFID (Radio-frequency Identification) Smart Cabinets Market is Projected to reach USD 2.8 Billion by 2029, at a CAGR of 9.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Grifols, S.A., Invengo Technology Pte. Ltd., Alien Technology, LLC, Impinj, Inc., Honeywell International, Inc., Stanley Healthcare (Securitas), Motorola Solutions, Inc., Siemens Healthineers AG (Siemens AG), 3M Company and IBM Corporation.
Scope of the Study
Market Segments Covered in the Report:
By Component
- RFID Tags
- RFID Readers
- RFID Antenna
- Others
By End User
- Hospitals & Clinics
- Bio-Pharmaceutical Companies
- Others
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Grifols, S.A.
- Invengo Technology Pte. Ltd.
- Alien Technology, LLC
- Impinj, Inc.
- Honeywell International, Inc.
- Stanley Healthcare (Securitas)
- Motorola Solutions, Inc.
- Siemens Healthineers AG (Siemens AG)
- 3M Company
- IBM Corporation
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market, by Component
1.4.2 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market, by End User
1.4.3 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Component
3.1 LAMEA RFID Tags Market by Country
3.2 LAMEA RFID Readers Market by Country
3.3 LAMEA RFID Antenna Market by Country
3.4 LAMEA Others Market by Country
Chapter 4. LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by End User
4.1 LAMEA Hospitals & Clinics Market by Country
4.2 LAMEA Bio-Pharmaceutical Companies Market by Country
4.3 LAMEA Others Market by Country
Chapter 5. LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Country
5.1 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market
5.1.1 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.1.2 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.2 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market
5.2.1 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.2.2 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.3 UAE RFID (Radio-frequency Identification) Smart Cabinets Market
5.3.1 UAE RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.3.2 UAE RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.4 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market
5.4.1 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.4.2 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.5 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market
5.5.1 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.5.2 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.6 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market
5.6.1 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.6.2 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market by End User
5.7 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market
5.7.1 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Component
5.7.2 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by End User
Chapter 6. Company Profiles
6.1 IBM Corporation
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional & Segmental Analysis
6.1.4 Research & Development Expenses
6.1.5 SWOT Analysis
6.2 Honeywell International, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expenses
6.2.5 SWOT Analysis
6.3 3M Company
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 SWOT Analysis
6.4 Impinj, Inc.
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Regional Analysis
6.4.4 Research & Development Expense
6.4.5 Recent strategies and developments:
6.4.5.1 Product Launches and Product Expansions:
6.5 Grifols, S.A
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional & Segmental Analysis
6.5.4 Research & Development Expenses
6.6 Stanley Black & Decker, Inc. (Stanley Healthcare)
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expenses
6.7 Motorola Solutions, Inc.
6.7.1 Company Overview
6.7.2 Financial Analysis
6.7.3 Regional & Segmental Analysis
6.7.4 Research & Development Expenses
6.8 Siemens Healthineers AG (Siemens AG)
6.8.1 Company Overview
6.8.2 Financial Analysis
6.8.3 Segmental and Regional Analysis
6.8.4 Research & Development Expense
6.9 Invengo Technology Pte. Ltd.
6.9.1 Company Overview
6.10. Alien Technology, LLC
6.10.1 Company Overview
TABLE 1 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 2 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 3 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 4 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 5 LAMEA RFID Tags Market by Country, 2019 - 2022, USD Million
TABLE 6 LAMEA RFID Tags Market by Country, 2023 - 2029, USD Million
TABLE 7 LAMEA RFID Readers Market by Country, 2019 - 2022, USD Million
TABLE 8 LAMEA RFID Readers Market by Country, 2023 - 2029, USD Million
TABLE 9 LAMEA RFID Antenna Market by Country, 2019 - 2022, USD Million
TABLE 10 LAMEA RFID Antenna Market by Country, 2023 - 2029, USD Million
TABLE 11 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 12 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 13 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 14 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 15 LAMEA Hospitals & Clinics Market by Country, 2019 - 2022, USD Million
TABLE 16 LAMEA Hospitals & Clinics Market by Country, 2023 - 2029, USD Million
TABLE 17 LAMEA Bio-Pharmaceutical Companies Market by Country, 2019 - 2022, USD Million
TABLE 18 LAMEA Bio-Pharmaceutical Companies Market by Country, 2023 - 2029, USD Million
TABLE 19 LAMEA Others Market by Country, 2019 - 2022, USD Million
TABLE 20 LAMEA Others Market by Country, 2023 - 2029, USD Million
TABLE 21 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Country, 2019 - 2022, USD Million
TABLE 22 LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Country, 2023 - 2029, USD Million
TABLE 23 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 24 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 25 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 26 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 27 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 28 Brazil RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 29 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 30 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 31 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 32 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 33 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 34 Argentina RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 35 UAE RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 36 UAE RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 37 UAE RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 38 UAE RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 39 UAE RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 40 UAE RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 41 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 42 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 43 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 44 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 45 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 46 Saudi Arabia RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 47 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 48 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 49 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 50 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 51 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 52 South Africa RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 53 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 54 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 55 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 56 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 57 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 58 Nigeria RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 59 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market, 2019 - 2022, USD Million
TABLE 60 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market, 2023 - 2029, USD Million
TABLE 61 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2019 - 2022, USD Million
TABLE 62 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by Component, 2023 - 2029, USD Million
TABLE 63 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2019 - 2022, USD Million
TABLE 64 Rest of LAMEA RFID (Radio-frequency Identification) Smart Cabinets Market by End User, 2023 - 2029, USD Million
TABLE 65 Key information – IBM Corporation
TABLE 66 Key Information – Honeywell International, Inc.
TABLE 67 Key Information – 3M Company
TABLE 68 Key Information – Impinj, Inc.
TABLE 69 Key information – Grifols, S.A.
TABLE 70 Key Information – Stanley Black & Decker, Inc.
TABLE 71 Key Information – Motorola Solutions, Inc.
TABLE 72 Key Information – Siemens Healthineers AG
TABLE 73 Key Information – Invengo Technology Pte. Ltd.
TABLE 74 Key Information – Alien Technology, LLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Swot analysis: IBM Corporation
FIG 3 Swot analysis: Honeywell international, inc.
FIG 4 SWOT Analysis: 3M Company