The global RFID
blood monitoring systems market is expected to reach USD 511.5 million by
2022, according to a new report by Grand View Research Inc. RFID technology
enables automation in data collection, identification, classification and
tracking items. Key growth factors attributing for its rapid growth include
increasing prevalence of chronic diseases such as heart, kidney, lung, liver,
and other contagious and non contagious diseases.
RFID tags are attached to blood samples to ensure
easy monitoring of the samples in hospitals, blood banks, and diagnostic
centers. These RFID tags enable high speed processing of samples without errors
and mix-ups. Furthermore, increasing healthcare expenditure, rising demand for
preliminary healthcare checkups for early detection and diagnosis are also
expected to positively reinforce the market growth in the next seven years.
RFID blood monitoring systems market is segmented
on the basis of product into systems and tags. The information stored on the
RFID tags is directly scanned and entered into the central data bases. This
central data base enables analysis of patient history, type of test performed
and the sample used for testing. Technological advancements such as cloud based
servers enable easy access to sample information from multiple devices will
boost market growth over the next seven years.
RFID blood monitoring systems industry is
segmented on the basis of end use as blood banks and hospital blood centers.
Blood banks and hospital blood centers are required to have substantial
inventory of blood and blood products. RFID tagging is an affordable and
systematic inventory management solution for such large scale testing, and
storage of blood.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/rfid-blood-monitoring-systems-market
Further key findings from the report suggest:
- In 2014, North America held majority of market share of over 50% owing to the presence of advanced healthcare infrastructure, high level collaboration between the industry and stake holders. Furthermore, rapid adoption of technological advanced products to improve patient care, diagnostic efficiency by ensuring sample integrity in storage area and testing are amongst key factors positively reinforcing the growth in the next seven years.
- Asia Pacific is expected to be the fastest growing region with a CAGR of 23.2% during the next seven years. Key factors attributing to its rapid growth include economic development in countries such as China, Brazil, India, and South Korea. Increasing disease prevalence rates leading to subsequent rise in blood diagnostics and blood inventory management are expected to boost usage rates of RFID blood monitoring systems and tags over the forecast period.
- Key players in RFID systems and tags market include Wave Mark, Log Tag, Tagsys RFID Group, Terson Solutions, Solstice Medical LLC, Stanley Innerspace, Logi Tag and Mobile ASpects Inc. Furthermore, with the entry of new players, introduction of technologically advanced, and low cost systems is expected to improve competition over the forecast period.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented the Global RFID Blood Monitoring Systems market on the basis of product and application type
RFID Blood Monitoring Systems Market, Product Outlook
(Revenue, USD Million, 2012 - 2022)
·
Systems
·
Tags
Blood Monitoring Systems Market, End Use Outlook
(Revenue, USD Million, 2012 - 2022)
·
Blood banks
·
Hospital blood centers
Blood Monitoring Systems Market, Regional Outlook
(Revenue, USD Million) 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
RoW
For press release of this report - http://www.grandviewresearch.com/press-release/global-rfid-blood-monitoring-systems-market
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