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Global RFID Blood Refrigerator and Freezer Market 2016-2020

Global RFID Blood Refrigerator and Freezer Market 2016-2020

About RFID Blood

RFID blood storage solutions include blood refrigerators and freezers that are useful in minimizing technical errors and monitoring of blood products. They provide efficient storage and accurate tracking of blood samples, thereby increasing operational efficiency.

Technavio’s analysts forecast the global RFID blood refrigerator and freezer market to grow at a CAGR of 22% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global RFID blood refrigerator and freezer market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID blood storage solutions such as refrigerators and freezers (including readers and cabinets).

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global RFID Blood Refrigerator and Freezer Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Biolog-id
  • Champion Healthcare Technologies
  • SATO
  • SpaceCode
  • Terso Solutions
Other prominent vendors
  • Arctest
  • Binder
  • B Medical Systems
  • Helmer Scientific
  • Remi
  • RFID Global Solution
Market driver
  • Increase in awareness of blood donation
  • For a full, detailed list, view our report
Market challenge
  • Lack of trained professionals
  • For a full, detailed list, view our report
Market trend
  • Increase in awareness of blood transfusion
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2020 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global RFID Blood Refrigerator and Freezer Market 2016-2020

Technavio recognizes the following companies as the key players in the global RFID blood refrigerator and freezer market: Biolog-id, Champion Healthcare Technologies, SATO, SpaceCode, and Terso Solutions.

Other Prominent Vendors in the market are: Arctest, Binder, B Medical Systems, Helmer Scientific, Remi, and RFID Global Solution.

Commenting on the report, an analyst from Technavio’s team said: “Technological advances will be a key trend for market growth. The accuracy of temperature monitoring systems is very critical in blood bank refrigerators. Blood storage efficiency is subject to several variables such as the frequency of opening doors, power failures, inventory load, and fluctuations in room temperature. These factors are important, considering the shelf-life of donated blood is 35 to 42 days. This will drive the need for storage solutions with real-time information, data management, remote access to data through mobile and other devices, and reporting that will reduce costs and improve productivity.”

According to the report, rise in healthcare costs will be a key driver for market growth. Healthcare costs have been rising over the past decade. They increased by 91% between 2000 and 2011 in the US. There has been a significant rise in the number of diseases that require surgeries. Thus, there is a constant requirement of blood. Subsequently, storage will have to be taken care of for blood to be available constantly.

Further, the report states that lack of trained professionals will be a major challenge for the market. Efficient management of blood and blood products is vital in order to achieve minimal transfusion errors. Generally, most of the rural hospitals have to face a lack of patient volume that is required to justify having specialists who charge highly to take care of inventory management. In most cases, physicians are reluctant to relocate to remote communities where blood transfusion happens frequently. Most of the times, the high fixed costs associated with bringing specialists in-house is costly, especially for smaller medical facilities.

Companies Mentioned

Biolog-id, Champion Healthcare Technologies, SATO, SpaceCode, and Terso Solutions. Other Prominent Vendors in the market are: Arctest, Binder, B Medical Systems, Helmer Scientific, Remi, and RFID Global Solution.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Key countries
    • Vendor analysis
      • Table Global RFID blood refrigerator and freezers market segmentation: Overview
    • Top-vendor offerings
      • Table Product offerings
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
      • Table Facts and figures related to blood 2015-2016
      • Table Overview: Global RFID blood refrigerator and freezer market 2016-2020
  • Market landscape
    • Market overview
      • Table Benefits of using RFID refrigerators and freezers
      • Table Different types of blood banks storage methods
      • Table Global RFID blood refrigerator and freezer market analysis
    • Market size and forecast
      • Table Global RFID blood refrigerator and freezer market 2015-2020 ($ millions)
      • Table Impact assessment of global RFID blood refrigerator and freezer market
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Market overview
      • Table Global RFID refrigerator and freezer market segmentation by technology 2015 and 2020
      • Table Global RFID refrigerator and freezer market segmentation by share 2015-2020 (% share)
      • Table Opportunity analysis of global RFID blood refrigerator and freezer storage systems
    • Hospitals and diagnostic centers in global RFID blood refrigerator and freezer market
      • Table Hospitals and diagnostic centers in global RFID blood refrigerator and freezer market 2015-2020 ($ millions)
      • Table Top countries with the most number of hospitals 2014
    • Blood banks in global RFID blood refrigerator and freezer market
      • Table Blood banks in global RFID blood refrigerator and freezer market 2015-2020 ($ millions)
      • Table Number of blood banks in India 2012 and 2015
    • Other users in global RFID blood refrigerator and freezer market
      • Table Other users in global RFID blood refrigerator and freezer market 2015-2020 ($ millions)
  • Market segmentation by product type
    • Table Global RFID refrigerator and freezer market segmentation by product type 2015 and 2020
    • Table Advantages of RFID refrigerators
  • Geographical segmentation
    • Market overview
      • Table Global RFID blood refrigerator and freezer market segmentation by geography 2015 and 2020
      • Table Global RFID refrigerator and freezer market segmentation by share 2015-2020 (% share)
    • RFID blood refrigerator and freezer market in Americas
      • Table RFID blood refrigerator and freezer market in Americas 2015-2020 ($ millions)
    • RFID blood refrigerator and freezer market in EMEA
      • Table RFID blood refrigerator and freezer market in EMEA 2015-2020 ($ millions)
    • RFID blood refrigerator and freezer market in APAC
      • Table RFID blood refrigerator and freezer market in APAC 2015-2020 ($ millions)
  • Market drivers
    • Table Rural population in developing countries 2014 (%)
    • Table Percentage increase in overall inflation as measured by CPI and healthcare inflation in the US 2011-2015
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
      • Table Competitive parameters in global RFID refrigerator and freezer market
      • Table Strategic success factor of companies
    • Other prominent vendors
  • Key vendor analysis
    • Biolog-id
      • Table Biolog-id: Key takeaways
    • Champion Healthcare Technologies
      • Table Champion Healthcare Technologies: Key takeaways
    • SATO
      • Table SATO: Key takeaways
    • SpaceCode
      • Table SpaceCode: Key takeaways
    • Terso Solutions
      • Table Terso Solutions: Key takeaways
  • Appendix
    • List of abbreviations
  • Explore Technavio

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