Infinium Global Research RFID Blood Monitoring System Market | Page 2

A latest report has been added to the wide database of RFID Blood Monitoring System Market by Infinium Global Research.
This report studies the RFID Blood Monitoring System Market by product type (systems and tags), by end user (blood banks
and hospital blood centers) market status and outlook of global and major regions, from manufacturers, and end industries.
The objective of the study is to identify market sizes of different segments & countries in recent years and to forecast the
values for the next six years. RFID Blood Monitoring System Market provides opportunities in micro markets for stakeholders
to invest along with the detailed analysis of competitive landscape, latest trends, and product offerings of the major
companies in the RFID Blood Monitoring System Market.
Market Insights
The global RFID blood monitoring system market is projected to grow with a CAGR between 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 expected to bring more opportunities to this market which in turn will further fuel the growth of
this market.
Segments Covered:
The report segments the RFID blood monitoring system market by product type and end user. Market segmentation based on
product type includes systems and tags. Moreover, the global RFID blood monitoring system market based on end users is
segmented into blood banks and hospital blood centers.
Geographic Coverage and Analysis:
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, Latin America and
Rest of the World. In this section the key trends and market size for each geography is provided over the period of 2015 –
2023. North America accounted for the largest market share owing more than 50% of share due to presence of advanced
healthcare infrastructure and high investment of Government and private organizations in R&D activities. Moreover, North
America is expected to continue its dominance due rapid adoption of technological advanced tools, diagnostic efficiency and
testing over the forecast period. Asia Pacific is expected to be the highest growing market region in the global RFID blood
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