RFID systems are being used in the healthcare sector to manage and track blood products from the initial donor phlebotomy to final disposition or product transfusion. Several transfusion departments and hospital supply chains have managed blood samples and components to facilitate the identification and transfusion of blood products to the correct patient through RFID-enabled transfusion practices. Moreover, these systems also increase provider productivity and product quality. RFID enables the reduction in human efforts and error minimization, ensuring proper maintenance & control of clinical data in healthcare inventory. Additionally, this ensures the systematic management of abundant data with a centralized platform.
MARKET DYNAMICS
Factors such as increasing usage of RFID technologies pertinent to patient safety in various clinical applications and for systematic management of abundant clinical data will spur the demand for RFID blood monitoring market. Additionally, constant R&D initiatives pertaining to the development of novel inventory management solutions and rising demand for minimization of clerical errors will boost the market growth to significant extent over the forecast period. However, data privacy, management, and security concerns impede the growth of the market in the forecasted period.
MARKET SCOPE
The "Global RFID blood monitoring Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of RFID blood monitoring market with detailed market segmentation by type, end-user, and geography. The global RFID blood monitoring market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading RFID blood monitoring market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global RFID blood monitoring market is segmented on type, and application. Based on type, the global RFID blood monitoring market is segmented into RFID systems and RFID tags. Based on end-user, the global RFID blood monitoring market is segmented into blood banks, hospitals, and research labs.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global RFID blood monitoring market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The RFID blood monitoring market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting RFID blood monitoring market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the RFID blood monitoring market in these regions.
MARKET PLAYERS
The reports cover key developments in the RFID blood monitoring market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from RFID blood monitoring market are anticipated to lucrative growth opportunities in the future with the rising demand for RFID blood monitoring market in the global market. Below mentioned is the list of few companies engaged in the RFID blood monitoring market.
The report also includes the profiles of key RFID blood monitoring market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Invengo Technology Pte. Ltd.
- LogTag recorders Ltd
- Cardinal Health
- Terso Solutions Inc.
- InnerSpace
- Digi-Trax
- SATO Vicinity Pty. Ltd.
- Mobile Aspects Inc
- LogiTag Medical Solutions
- Biolog-Id
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.