Market Overview:
RFID refrigerators and freezers are used to store blood products. These refrigerators and freezers use RFID tags to track the location of the blood products. The RFID tags help in locating the specific product quickly and reducing the time needed for inventory management. The global RFID blood refrigerator and freezer market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030.
Product Definition:
A RFID Blood Refrigerator and Freezer is a refrigerator or freezer that uses RFID technology to track the location of items in the appliance. This is important because it allows for accurate inventory tracking of blood products, which can help ensure that medical supplies are not wasted.
RFID refrigerators:
RFID Refrigerators and Freezers are devices that are used to store blood and other temperature-sensitive drugs. The technology is used to track the temperature of these products in real time. It helps in maintaining the quality of blood, reducing wastage & inventory costs, and increasing shelf life of blood components.
The global RFID refrigerators market was valued at USD 648 million in 2014.
RFID freezers:
RFID freezers are used to store blood and other body fluids at extremely low temperatures. They are majorly used in hospitals for storing blood samples which have been collected from patients for further tests. The freezer stores the sample at a temperature of less than -80 degrees Celsius, which is enough to destroy any type of bacteria present in the sample.
Global RFID freezers and it's usage in RFID Blood Refrigerator.
Application Insights:
The others segment held the largest market share in 2017 and is anticipated to witness the fastest growth over the forecast period. This can be attributed to increasing government initiatives for improving healthcare infrastructure, rising adoption of RFID technology across various applications, and growing demand for cost-effective solutions. The hospitals and diagnostic centers application segment is expected to register a significant CAGR during the forecast period owing to factors such as an increase in patient admissions due to COVID-19 pandemic, which has resulted in a surge in demand for blood transfusions across hospitals globally.
RFID technology helps reduce human efforts by identifying patterns of movement throughout inventory management, thereby reducing wastage & costs while enhancing productivity.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of hospitals and blood banks that are using RFID technology for storing and tracking blood components, which results in better patient care. Moreover, increasing government initiatives to store vital records such as medical data is also driving the demand for RFID systems in North America. For instance, The Health Insurance Portability and Accountability Act (HIPPA) regulates protection of patient data by healthcare organizations; it also states that personal health information (PHI) must be stored on secured networks with limited access except by authorized personnel.
The Asia Pacific regional market is expected to grow at a lucrative rate over the forecast period owing to factors such as developing healthcare infrastructure coupled with rising awareness about emerging technologies among patients, physicians, technicians & other stakeholders involved in healthcare delivery processes leading to improved quality & efficiency resulting in cost-saving effects over time.
Growth Factors:
- Increasing demand for blood products and rising prevalence of chronic diseases
- Technological advancements in RFID technology
- Growing number of blood donation camps and increasing awareness about the benefits of using RFID Blood Refrigerator and Freezer
- Rising healthcare expenditure and growing demand for cost-effective medical devices
- Increasing number of private hospitals and diagnostic centers
Scope Of The Report
Report Attributes
Report Details
Report Title
RFID Blood Refrigerator and Freezer Market Research Report
By Type
RFID refrigerators, RFID freezers
By Application
Hospitals and diagnostic centers, Blood banks, Others
By Companies
Biolog-id, Champion Healthcare, Sato, SpaceCode, Terso Solutions, Arctest, Binder, B Medical Systems
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
231
Number of Tables & Figures
162
Customization Available
Yes, the report can be customized as per your need.
Global RFID Blood Refrigerator and Freezer Market Report Segments:
The global RFID Blood Refrigerator and Freezer market is segmented on the basis of:
Types
RFID refrigerators, RFID freezers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals and diagnostic centers, Blood banks, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Biolog-id
- Champion Healthcare
- Sato
- SpaceCode
- Terso Solutions
- Arctest
- Binder
- B Medical Systems
Highlights of The RFID Blood Refrigerator and Freezer Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- RFID refrigerators
- RFID freezers
- By Application:
- Hospitals and diagnostic centers
- Blood banks
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the RFID Blood Refrigerator and Freezer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
RFID Blood Refrigerator and Freezer is a type of medical device that uses radio frequency identification (RFID) to store, track, and monitor the temperature of blood. RFID technology allows the refrigerator to communicate with an RFID reader to determine the temperature of the blood. This information can then be used to control cooling or heating elements in order to maintain a safe and appropriate temperature for storage.
Some of the major players in the rfid blood refrigerator and freezer market are Biolog-id, Champion Healthcare, Sato, SpaceCode, Terso Solutions, Arctest, Binder, B Medical Systems.
The rfid blood refrigerator and freezer market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. RFID Blood Refrigerator and Freezer Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. RFID Blood Refrigerator and Freezer Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. RFID Blood Refrigerator and Freezer Market - Supply Chain
4.5. Global RFID Blood Refrigerator and Freezer Market Forecast
4.5.1. RFID Blood Refrigerator and Freezer Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. RFID Blood Refrigerator and Freezer Market Size (000 Units) and Y-o-Y Growth
4.5.3. RFID Blood Refrigerator and Freezer Market Absolute $ Opportunity
5. Global RFID Blood Refrigerator and Freezer Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Type
5.3.1. RFID refrigerators
5.3.2. RFID freezers
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global RFID Blood Refrigerator and Freezer Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Application
6.3.1. Hospitals and diagnostic centers
6.3.2. Blood banks
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global RFID Blood Refrigerator and Freezer Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global RFID Blood Refrigerator and Freezer Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global RFID Blood Refrigerator and Freezer Demand Share Forecast, 2019-2026
9. North America RFID Blood Refrigerator and Freezer Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Application
9.4.1. Hospitals and diagnostic centers
9.4.2. Blood banks
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Type
9.7.1. RFID refrigerators
9.7.2. RFID freezers
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America RFID Blood Refrigerator and Freezer Demand Share Forecast, 2019-2026
10. Latin America RFID Blood Refrigerator and Freezer Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Application
10.4.1. Hospitals and diagnostic centers
10.4.2. Blood banks
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Type
10.7.1. RFID refrigerators
10.7.2. RFID freezers
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America RFID Blood Refrigerator and Freezer Demand Share Forecast, 2019-2026
11. Europe RFID Blood Refrigerator and Freezer Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Application
11.4.1. Hospitals and diagnostic centers
11.4.2. Blood banks
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Type
11.7.1. RFID refrigerators
11.7.2. RFID freezers
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe RFID Blood Refrigerator and Freezer Demand Share, 2019-2026
12. Asia Pacific RFID Blood Refrigerator and Freezer Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Application
12.4.1. Hospitals and diagnostic centers
12.4.2. Blood banks
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Type
12.7.1. RFID refrigerators
12.7.2. RFID freezers
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific RFID Blood Refrigerator and Freezer Demand Share, 2019-2026
13. Middle East & Africa RFID Blood Refrigerator and Freezer Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Application
13.4.1. Hospitals and diagnostic centers
13.4.2. Blood banks
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa RFID Blood Refrigerator and Freezer Market Size and Volume Forecast by Type
13.7.1. RFID refrigerators
13.7.2. RFID freezers
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa RFID Blood Refrigerator and Freezer Demand Share, 2019-2026
14. Competition Landscape
14.1. Global RFID Blood Refrigerator and Freezer Market: Market Share Analysis
14.2. RFID Blood Refrigerator and Freezer Distributors and Customers
14.3. RFID Blood Refrigerator and Freezer Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Biolog-id
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Champion Healthcare
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sato
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SpaceCode
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Terso Solutions
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arctest
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Binder
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. B Medical Systems
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
