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The report on RFID Blood Monitoring System Market by Infinium Global Research analyzes the
RFID Blood Monitoring System Market over the period of 2017 to 2023. This report also provides
detailed qualitative and quantitative analyses of the market dynamics, market size and future
trends in Global RFID Blood Monitoring System Market. It will help a lot of decision makers to
develop strategies and find new opportunities in the Global RFID Blood Monitoring System
Market.
Radio frequency identification or RFID is a technology that enables the wireless transfer of data
via electromagnetic fields. RFID circuits or tag are either self-powered or powered irregularly
through radiation from a distance. RFID tags are attached to blood samples to ensure easy
monitoring of the samples in hospitals, blood banks and diagnostic centers. RFID blood
monitoring system includes blood refrigerators and freezers.
Market Insights
The global RFID blood monitoring system market is projected to grow with a CAGR of 21% to 22%
over the forecast year 2017-2023. Increasing blood transfusions, increasing awareness among
hospitals and blood banks in RFID-enabled blood storage, robust guidelines enabling use of RFID
for blood monitoring and increasing incidence of chronic disease are the key factors driving the
growth of this market. Furthermore, stringent government regulations and high initial cost
associated with the installation and maintenance of RFID-enabled systems are the prime factors
restraining the growth of this market. Moreover, growing adoption of RFID-based solutions for
efficient blood monitoring due to which key vendors are pursuing organic growth strategies are
Infinium Global Research