RFID technology has had a significant impact on the global healthcare industry. The adoption of RFID tracking systems has been useful in reducing human efforts and errors in maintenance and control of healthcare inventory. This report studies the application of RFID in the healthcare industry, particularly the use of RFID blood refrigerators and freezers in blood banks and hospitals. RFID refrigerators are instrumental in storage, tracking, monitoring and control of blood and blood products inventory. This report covers the market dynamics i.e. the drivers, restraints and opportunities currently influencing the industry. The study also encompasses the analysis of volume and sales revenue of RFID blood refrigerators used in hospital blood centers and blood banks based on their average selling price, procured from major device manufacturers, journals and expert interviews.
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The geographies considered for the analysis of the RFID blood monitoring systems market are divided into four major regions namely, North America, Europe, Asia-Pacific and Rest of the World. The analysis of the market in these regions has been mapped in terms of value and the sales volume of RFID blood bank refrigerators and freezers installed in blood banks and hospital blood centers. The regional analysis of the market also comprises a list of major hospital blood centers and blood banks active in each of the above-mentioned regions. Furthermore, the market overview section of the study highlights the regulatory requirements for using RFID (presence of governing bodies and their role in each geographical location), and qualitative information about the growth of adoption of RFID in tracking medical equipment, pharmaceuticals and other hospital supplies.
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The report also presents other analyses such as market attractiveness and comparative analysis of the major geographical markets. The competitive landscape section of the report comprises company profiles of major market players operating in RFID blood refrigerators and freezers market and a list of major market players currently active in RFID in the healthcare industry.
High prevalence of blood disorders and growing need for therapeutic blood transfusion has increased the demand for blood and blood products globally. The simultaneous increase in the aging population demanding blood transfusion and consequent rise in need for inventory management of blood banks and hospital blood centers can be efficiently managed by using RFID blood tracking solutions.
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Proper installation and implementation of RFID blood tracking solutions also result in cost containment in the long run to medical institutions. RFID enabled smart refrigerators being one of the fastest growing segments in this market, has witnessed an upswing in the demand of such equipment in blood banks and in hospital blood centers. Though at budding stage, the demand for RFID blood refrigerators and freezers is expected to propel due to the increasing demand for blood products. The market for RFID blood refrigerators and freezers was worth USD 32.8 million in 2011 and is expected to undergo double digit growth in the upcoming years.