Transparency Market Research

RFID Blood Monitoring Systems Market Poised to Expand at a Robust Pace Valuation of US$174.2 Mn in 2019

Efforts to Offer Efficient Patient-care Services Drive Deployment of RFID Blood Monitoring Systems


Albany, NY -- (SBWIRE) -- 12/14/2017 -- A market study, titled "RFID Blood Monitoring Systems Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019", has been recently released by Transparency Market Research (TMR). The report states that the global RFID blood monitoring systems market, which had a valuation of US$40.9 mn in 2012, will reach a valuation of US$174.2 mn in 2019, displaying a whopping 22.80% CAGR from 2013 to 2019.

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The Global RFID Blood Monitoring Systems Market is segmented on the basis of Geography.

By system, the market for RFID blood refrigerators and freezers is pacing at a significantly high pace. In 2011, the segment was valued at US$32.8 mn, however, over the course of the forecast period the segment is likely to exhibit double-digit growth. The healthcare industry on being one of the most regulated industries is required to cohere with compliance criteria at every stage of product management. RFID blood monitoring systems have potential of providing seamless healthcare services and improving patient safety for the increasing pool of patients worldwide. These systems ensure efficiency inventory management thereby reducing the chances of any human errors, they increase labor efficiency and offer benefits of overall automation.

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Regionally, the global blood monitoring systems market is segmented into North America, Asia Pacific, Europe, and Rest of the World. Among these regions, North America emerged dominant in the global market as it showcased a higher acceptance of RFID tracking technology across major industries besides hospitals. In addition, the region being at the fore of technological advancements boasts a sophisticated healthcare infrastructure, which also gets substantially funded by healthcare organizations. The deployment of RFID blood monitoring systems is considerably high in North America. Besides this, the market is also witnessing rising demand in countries across Asia Pacific, Latin America, and the Middle East.

Summary of Table of Content

1 Introduction
2 Executive Summary
3 Market Overview
4 Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market
5 RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, By Geography
6 Competitive Landscape and Recommendations
7 Company Profiles

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