Million Insights
Market Research Released A New Research Report On Global RFID Blood Monitoring
Systems Market - Forecast Up To 2025. Report Provide Overview Of Top Key
Players, Share Analysis, Size, Stake, Progress, Trends And Their Strategic
Profiling In The Market, Comprehensively Analyzing Their Core Competencies, And
Drawing A Competitive Landscape For The Market.
USA: November 5, 2019-
RFID Blood Monitoring Systems Market
size was estimated at USD 104 million in 2014. Rising demand for efficient
management system regarding blood & related products and growing awareness
pertaining to minimize transfusion errors in medical process are some of the
key factors driving RFID blood monitoring systems market. Rapidly consolidating
healthcare sector and increase in volume of blood & related products
inventory is further boosting up the demand for this technology in healthcare
industry.
Technological advancements in RFID systems will not only
provide identification details but also provide location information on a real
time basis, which will further boost demand among end-users for these devices.
Increase in R&D activities for the development of new management solutions
and rising concerns for patient safety is expected to propel the growth of RFID
blood monitoring systems. Growing adoption of RFID technologies by the
hospitals and blood banks particularly in blood freezers and refrigerators
further surges demand for this technology.
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Some of the other factors driving the growth of the market
are favorable regulatory policies for the approval of RFID technologies and
rising trend of privatization of healthcare infrastructure that led to the
introduction of modern technologies in the healthcare settings. In 2013, FDA
approved iTrace which is a RFID-based tracking system that can be used in blood
banks systems.
North America dominated the regional segment in 2014
followed by Europe owing to rising number of blood banks, sophisticated
healthcare infrastructure, growing demand for operational efficiency and
favorable government initiatives. Increasing number of funding for the research
activities in RFID technologies attribute to its growth in the region. Asia
pacific region is expected to be the fastest growing segment over the forecast
period. The growth in the region is driven by the factors such as improved
healthcare infrastructure and increased penetration of RFID blood monitoring
system. Low cost of RFID components such as original equipment manufacturing
(OEM) services provided by China offers huge potential of RFID technologies in
Asia pacific market.
Competitive Insights
Few of the key participants of RFID blood monitoring systems
market include, TAGSYS; Wave Mark, Inc.; LogTag Recorders Ltd.; Solstice
Medical LLC; Innerspace; LogiTag Ltd.; Terson Solutions and Mobile Aspects;
Inc.
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Report visit @ https://www.millioninsights.com/industry-reports/rfid-blood-monitoring-systems-market
Market Segment
Product Outlook (Revenue, USD Million, 2012 - 2022)
• Systems
• Tags
End Use Outlook (Revenue, USD Million, 2012 - 2022)
• Blood Banks
• Hospital Blood Centers
Regional Outlook (Revenue, USD Million, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• RoW
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