The Global RFID Blood Monitoring Systems Market Report offers details on current and future growth trends pertaining to the business besides information on numerous regions across the geographical landscape of the RFID Blood Monitoring Systems Market. The study includes global, regional, and country-level market size, shares, growth rate analysis (include the causes of highest and lowest peak industry analysis), product launches, latest trends, the impact of covid19 on worldwide.
RFID Blood Monitoring
Systems Market Research Methodology overview consists of primary and secondary research,
company share analysis, model (including Demographic data, Macroeconomic
indicators, and Industry indicators i.e. Expenditure, infrastructure, sector
growth, and facilities, etc), Research Limitations, and Revenue Based
Modelling. Comprehensive analysis of RFID Blood Monitoring Systems Market based
on current & future analysis depending on historic data also featured in
this Report.
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Industry Insights
The global 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.
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.
End Use Insights
Blood Banks emerged as the
largest segment and was valued at over USD 85 million in 2014. Increasing need
for patient safety, minimization of transfusion errors & wastage of blood
products are amongst the key factors owing to the growing usage of RFID technologies
in the blood banks. In addition, increasing number of blood banks and rising
inventory of blood and blood products further expected to drive the demand of
RFID technologies in blood banks. RFID technology helps in creating an
efficient supply chain of blood products, right from the collection point to
its delivery to the hospitals or clinical settings.
Regional Insight
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.
Table of Contents:-
Chapter
1 Methodology and Scope
Chapter
2 Executive Summary
Chapter
3 RFID Blood Monitoring Systems: Market Variables, Trends & Scope
Chapter
4 RFID Blood Monitoring Systems: Product Estimates & Trend Analysis
Chapter
5 RFID Blood Monitoring Systems: Application Estimates & Trend Analysis
Chapter
6 RFID Blood Monitoring Systems: End-use Estimates & Trend Analysis
Chapter
7 RFID Blood Monitoring Systems: Industrial End-use Estimates & Trend
Analysis
Chapter
8 RFID Blood Monitoring Systems: Regional Estimates & Trend Analysis
Chapter
9 Competitive Landscape
Chapter
10 RFID Blood Monitoring Systems: Manufacturers Company Profiles
Top Key Players of Global RFID
Blood Monitoring Systems Market :
TAGSYS; Wave Mark, Inc.;
LogTag Recorders Ltd.; Solstice Medical LLC; Innerspace; LogiTag Ltd.; Terson
Solutions and Mobile Aspects; Inc.
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