Transparency Market Research
RFID Blood Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019
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Published Date: July 2013
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92 Pages Report
Corporate User License: US $ 10595 REPORT DESCRIPTION RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market is Expected to Reach USD 174.2 Million Globally in 2019: Transparency Market Research Market Research Reports : Transparency Market Research published new market report "RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global RFID blood refrigerators and freezers market was valued at USD 40.9 million in 2012 and is expected to grow at a CAGR of 22.8% from 2013 to 2019, to reach an estimated value of USD 174.2 million in 2019. The global RFID blood refrigerators and freezers market is expected to undergo rapid growth of 22.8% from 2013 to 2019. This growth is majorly attributed to the rapid adoption of RFID technology in the healthcare industry and growing need for efficient management of blood and blood products to minimize transfusion errors. Growing trend of consolidation of healthcare facilities has resulted in growth of their size. This is followed by the increase in the volume of inventory of blood and blood products. Consistency in the occurrence of transfusion and storage errors despite the use of bar-coding and note-taking systems also influence the demand for RFID blood tracking solutions in blood banks and hospitals.
The major concern for hospitals and blood centers is patient safety, minimal wastage of blood products and minimization of blood transfusion errors. Consistent prevalence of blood transfusion errors and to minimize the time consuming paperwork for inventory management, hospitals and blood banks throughout the world have begun to explore RFID tracking system for its potential in efficient inventory and supply management. Furthermore, privatization of healthcare infrastructure has led to a growth in the number of large sized blood banks and hospitals in many developing countries which require efficient catering to the transfusion needs of patients. This phenomenon serves as a potential opportunity for the RFID blood refrigerators and freezers manufacturers to introduce their products in these regions. North America was the dominant geographical market for RFID blood refrigerators and freezers in 2012. RFID systems for Real Time Location Systems, asset tracking and inventory management are mature technologies in this region and many healthcare institutions have already adopted RFID to reduce errors and increase productivity. The US has the highest adoption rate of RFID in its healthcare system. The advanced healthcare system of this country and existence of large sized blood banks have been responsible for the high level of RFID tracking technology utilized in its healthcare infrastructure. Currently, North America encompasses more than 50% of the global RFID blood refrigerators and freezers market. Moreover, the adoption of RFID blood refrigerators is high in blood banks than in hospital blood centers. This is due to the existence of more number of blood banks across all regions and the volume stored and supplied to and from blood banks is larger than that in hospital blood centers. At present, the global market for RFID blood refrigerators and freezers has few players. Companies such as Biolog ID, Terso Solutions and Magellan technologies are the dominant players in this market. Recent FDA approval to the first RFID-enabled Blood tracking system will encourage more companies to enter this market thereby increasing the competition. The global RFID blood refrigerators and freezers market is segmented as follows: RFID Blood Refrigerators and Freezers Market, by Geography 

North America o
Hospital blood centers
o
Blood banks
Europe o
Hospital blood centers
o
Blood banks
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Asia-Pacific o
Hospital blood centers
o
Blood banks
Rest of the World (RoW) o
Hospital blood centers
o
Blood banks
TABLE OF CONTENTS
Chapter 1 Introduction 1.1 Report Description 1.2 Research Methodology 1.2.1 Sources 1.2.1.1 Secondary Research 1.2.1.2 Primary Research 1.3 Assumptions 1.4 List of Abbreviations
Chapter 2 Executive Summary 2.1 RFID Blood Refrigerators and Freezers Market, by Geography, 2012 (USD Million) 2.2 RFID Blood Refrigerators and Freezers Market Volume, by Geography, 2012 (Units)
Chapter 3 Market Overview 3.1 Market Trends and Future Outlook
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3.2 Drivers 3.2.1 Need to Efficiently Manage Blood and Blood Products Inventory and Ensure Minimum Blood Transfusion Errors 3.2.2 Increase in the Demand for RFID-Enabled Refrigerators and Cabinets 3.3 Restraints 3.3.1 Reluctance Pertaining to Adoption of RFID Systems 3.3.2 High Cost of RFID Technology 3.4 Opportunities 3.4.1 Low Penetration Rate of RFID-Enabled Tracking Solutions in Healthcare Industry 3.4.2 Manufacturing Blood Tracking Solutions in Conformity With Global Standards 3.5 Market Attractiveness Analysis: Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, by Geography, 2012 3.6 Regulatory Status for Using RFID: Presence of Governing Bodies and Their Roles, by Geography 3.6.1 North America 3.6.2 Europe 3.6.3 Asia-Pacific 3.6.4 Rest of the World 3.7 Growth in Tracking Medical Equipment, Pharmaceuticals and Other Hospital Supplies, Current Trends and Future Perspective 3.7.1 Comparative Analysis: Global Market for RFID in Healthcare, by Applications, 2012 & 2019 (value %) 3.7.2 Asset Management and Tracking 3.7.3 Patient Tracking 3.7.4 Pharmaceuticals Tracking
3.7.5 Blood Monitoring
Chapter 4 Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market 4.1 Overview 4.1.1 Global RFID Blood Refrigerators and Freezers Market, by Geography, 2011 – 2019 (USD Million) 4.1.2 Global RFID Blood Refrigerators and Freezers Market Volume, by Geography, 2011 – 2019 (Units)
Chapter 5 RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, By Geography 5.1 Overview 5.2 Comparative Analysis: Global RFID Blood Monitoring Systems Market, By Geography, 2012 & 2019 (Value %) 5.3 North America 5.3.1 North America RFID Blood Refrigerators and Freezers Market, 2011 – 2019 (USD Million) 5.3.2 RFID Blood Refrigerators and Freezers 5.3.2.1 Hospital Blood Centers 5.3.2.1.1 North America RFID Blood Refrigerators and Freezers Hospital Blood Centers Market Volume, 2011 – 2019 (Units) 5.3.2.2 Blood Banks 5.3.2.2.1 North America RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.3.3 Non-RFID blood freezers and fridges 5.3.3.1 Hospital Blood Centers 5.3.3.1.1 North America Non-RFID Blood Refrigerators and Freezers in Hospital Blood Centers Market Volume, 2011 – 2019 (Units)
5.3.3.2 Blood Banks 5.3.3.2.1 North America Non-RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.3.4 List of Major Blood Banks and Hospital Blood Centers in North America 5.4 Europe 5.4.1 Europe RFID Blood Refrigerators and Freezers Market, 2011 – 2019 (USD Million) 5.4.2 RFID Blood Refrigerators and Freezers 5.4.2.1 Hospital Blood Centers 5.4.2.1.1 Europe RFID Blood Refrigerators and Freezers in Hospital Blood Centers Market Volume, 2011 – 2019 (Units) 5.4.2.2 Blood Banks 5.4.2.2.1 Europe RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.4.3 Non-RFID blood freezers and fridges (volume) 5.4.3.1 Hospital Blood Centers 5.4.3.1.1 Europe Non-RFID Blood Refrigerators and Freezers in Hospital Blood Centers Market Volume, 2011 – 2019 (Units) 5.4.3.2 Blood Banks 5.4.3.2.1 Europe Non-RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.4.1 List of Major Blood Banks and Hospital Blood Centers in Europe 5.6 Asia-Pacific 5.6.1 Asia-Pacific RFID Blood Refrigerators and Freezers Market, 2011 – 2019 (USD Million) 5.6.2 RFID Blood Refrigerators and Freezers 5.6.2.1 Hospital Blood Centers 5.6.2.2 Asia-Pacific RFID Blood Refrigerators and Freezers in Hospital Blood Centers Market Volume, 2011 – 2019 (Units)
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5.6.2.3 Blood Banks 5.6.2.4 Asia-Pacific RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.6.3 Non-RFID Blood Refrigerators and Freezers 5.6.3.1 Hospital Blood Centers 5.6.3.1.1 Asia-Pacific Non-RFID Blood Refrigerators and Freezers in Hospital Blood Centers Market Volume, 2011 – 2019 (Units) 5.6.3.2 Blood Banks 5.6.3.2.1 Asia-Pacific Non-RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.6.4 List of Major Blood Banks and Hospital Blood Centers in Asia-Pacific 5.7 Rest of the World 5.7.1 RoW RFID Blood Refrigerators and Freezers Market, 2011 – 2019 (USD Million) 5.7.2 RFID blood Refrigerators and Freezers 5.7.2.1 Hospital Blood Centers 5.7.2.2 RoW RFID Blood Refrigerators and Freezers in Hospital Blood Centers Market Volume, 2011 – 2019 (Units) 5.7.2.3 Blood Banks 5.7.2.4 RoW RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.7.3 Non-RFID blood refrigerators and freezers 5.7.3.1 Hospital Blood Centers 5.7.3.1.1 RoW Non-RFID Blood Refrigerators and Freezers in Hospital Blood Centers Market Volume, 2011 – 2019 (Units) 5.7.3.2 Blood Banks
5.7.3.2.1 RoW Non-RFID Blood Refrigerators and Freezers in Blood Banks Market Volume, 2011 – 2019 (Units) 5.7.4 List of Major Blood Banks and Hospital Blood Centers in RoW
Chapter 6 Competitive Landscape and Recommendations 6.1 List of Major Manufacturers, by Geography 6.2 Market strategy for success
Chapter 7 Company Profiles 7.1 Champion Medical Technologies 7.1.1 Company Overview 7.1.2 Financial Overview 7.1.3 Strategic Overview 7.1.4 Product Portfolio 7.1.5 Recent Developments 7.2 LPIT Solutions, Inc. 7.2.1 Company Overview 7.2.2 Strategic Overview 7.2.3 Financial Overview 7.2.4 Product Portfolio 7.2.5 Recent Developments 7.3 Magellan Technology Pty. Ltd. 7.3.1 Company Overview 7.3.2 Strategic Overview 7.3.3 Financial Overview 7.3.4 Product Portfolio
Browse the full report at http://www.transparencymarketresearch.com/bloodmonitoring-systems.html 7.3.5 Recent Developments 7.4 RURO, Inc. 7.4.1 Company Overview 7.4.2 Strategic Overview 7.4.3 Financial Overview 7.4.4 Product Portfolio 7.4.5 Recent Developments 7.5 SysLogic, Inc. 7.5.1 Company Overview 7.5.2 Strategic Overview 7.5.3 Financial Overview 7.5.4 Product Portfolio 7.5.5 Recent Developments 7.6 Terso Solutions, Inc. 7.6.1 Company Overview 7.6.3 Financial Overview 7.6.4 Product Portfolio 7.6.5 Recent Developments 7.7 ThingMagic, Inc. 7.7.1 Company Overview 7.7.2 Strategic Overview 7.7.3 Financial Overview 7.7.4 Product Portfolio 7.7.5 Recent Developments
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