Global RFID Blood Monitoring Systems Market 2016-2020

  • ID: 3846173
  • Report
  • Region: Global
  • 65 pages
  • TechNavio
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FEATURED COMPANIES

  • Biolog-Id
  • LogiTag
  • Nordic ID
  • SATO Vicinity
  • Stanley Healthcare
  • Terso Solutions
  • MORE
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About RFID Blood Monitoring Systems

RFID is a technology that works on the basis of an electronic circuit or tag. These are either self-powered (using a battery) or powered intermittently through radiation from a distance. These devices can send information to a reader placed at a distance. The tags are plain antennae bonded to a silicon chip placed inside a plastic or glass case.

RFID tags contain electronically stored information, which can be used for tracking objects. The healthcare industry is becoming aware of the several uses of RFID, especially to promote efficiency in the tracking and monitoring of products and devices and prevent manual error. RFID blood monitoring systems include blood refrigerators and freezers.

The analysts forecast the global RFID blood monitoring systems market to grow at a CAGR of 22.96% during the period 2016-2020.

Covered in this report

The report covers the present scenario and the growth prospects of the global RFID blood monitoring systems market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID blood monitoring systems to hospitals, blood banks, and research laboratories.

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

- Americas
- APAC
- EMEA

The report, Global RFID Blood Monitoring Systems 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
- Mediware Information Systems
- S3Edge
- SATO Vicinity
- Terso Solutions

Other prominent vendors
- Honeywell
- LogiTag
- Mobile Aspects
- Nordic ID
- Solstice Medical
- Stanley Healthcare
- TAGSY RFID
- WaveMark
- Zebra Technologies

Market drivers
- Robust guidelines enabling use of RFID for blood monitoring

Market challenges
- High initial investment and maintenance cost

Market trends
- Growing adoption of RFID-based solutions for efficient blood monitoring

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?

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FEATURED COMPANIES

  • Biolog-Id
  • LogiTag
  • Nordic ID
  • SATO Vicinity
  • Stanley Healthcare
  • Terso Solutions
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • RFID in blood centers
  • Biopreservation
  • Storage conditions of blood samples
  • Controlled room temperature
  • Refrigeration
  • Frozen
  • Ultra-low temperature
  • Cryogenic LN2
PART 05: Blood bank funding and financial stability
  • Moving toward cost recovery model
PART 06: Harmonization of biobanking/blood banking

PART 07: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 08: Market segmentation by product type
  • RFID systems
  • RFID tags
PART 09: Geographical segmentation
  • RFID blood monitoring systems market in Americas
  • RFID blood monitoring systems market in EMEA
  • RFID blood monitoring systems market in APAC
PART 10: Market drivers
  • Growing need to reduce errors during blood transfusions
  • Increased advantages of RFID over barcode scanners driving adoption
  • Robust guidelines enabling use of RFID for blood monitoring
PART 11: Impact of drivers

PART 12: Market challenges
  • High initial investment and maintenance cost
  • Data security issues
  • Lack of public trust on government or industry-sponsored blood storage research
PART 13: Impact of drivers and challenges

PART 14: Market trends
  • Growing adoption of RFID-based solutions for efficient blood monitoring
  • Increasing volume of blood storage inventory driving demand for RFID systems
  • Improvisation of supply chain management through RFID
PART 15: Vendor landscape
  • Competitive scenario
  • Key news
PART 16: Key vendor analysis
  • Biolog-Id
  • Mediware Information Systems
  • S3Edge
  • SATO Vicinity
  • Terso Solutions
  • Other prominent vendors
PART 17: Appendix
  • List of abbreviations
PART 18: About the Author

List of Exhibits

Exhibit 01: Product offerings
Exhibit 02: Benefits and barriers to adoption of RFID for blood pressure monitoring in healthcare industry
Exhibit 03: RFID-based blood monitoring in blood banks
Exhibit 04: Types of biopreservation storage methods
Exhibit 05: Storage temperature preference for various samples
Exhibit 06: Revenue models of blood banks
Exhibit 07: Organizations and initiatives toward biobank/blood bank harmonization
Exhibit 08: Global RFID blood monitoring systems market snapshot: Developing and emerging markets
Exhibit 09: Global RFID blood monitoring systems market 2015-2020 ($ millions)
Exhibit 10: Opportunity analysis of global RFID blood monitoring systems market 2015
Exhibit 11: Five forces analysis
Exhibit 12: Global RFID blood monitoring systems market by product type 2015 and 2020
Exhibit 13: Global RFID blood monitoring systems market segmentation by product type 2015
Exhibit 14: Global RFID blood monitoring systems market 2015-2020 ($ millions)
Exhibit 15: Global RFID blood monitoring systems market 2015-2020 ($ millions)
Exhibit 16: Global RFID blood monitoring systems market by RFID systems 2015-2020 ($ millions)
Exhibit 17: Opportunity analysis of global RFID blood monitoring systems by RFID systems market 2015
Exhibit 18: Global RFID blood monitoring systems market by RFID tags 2015-2020 ($ millions)
Exhibit 19: Opportunity analysis for global RFID tags market 2015
Exhibit 20: Global RFID blood monitoring systems market by geography 2015
Exhibit 21: Global RFID blood monitoring systems market by geography 2020
Exhibit 22: Global RFID blood monitoring systems market analysis by geography 2015-2020
Exhibit 23: RFID blood monitoring systems market by geography 2015-2020 ($ millions)
Exhibit 24: RFID blood monitoring systems market by geography 2015-2020
Exhibit 25: RFID blood monitoring systems market in Americas 2015-2020 ($ millions)
Exhibit 26: RFID blood monitoring systems market in EMEA 2015-2020 ($ millions)
Exhibit 27: RFID blood monitoring systems market in APAC 2015-2020 ($ millions)
Exhibit 28: Global blood transfusion errors 2015
Exhibit 29: RFID versus barcode scanners
Exhibit 30: Impact of drivers
Exhibit 31: Impact of drivers and challenges
Exhibit 32: Key focus areas of vendors to enhance quality of products
Exhibit 33: Biolog-Id: Metrics analysis
Exhibit 34: Mediware Information Systems: Metrics analysis
Exhibit 35: S3Edge: Metrics analysis
Exhibit 36: SATO Vicinity: Metrics analysis
Exhibit 37: Terso Solutions: Metrics analysis
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FEATURED COMPANIES

  • Biolog-Id
  • LogiTag
  • Nordic ID
  • SATO Vicinity
  • Stanley Healthcare
  • Terso Solutions
  • MORE
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

New Report Released: - Global RFID Blood Monitoring Systems Market 2016-2020

The author of the report recognizes the following companies as the key players in the global RFID blood monitoring systems market: Biolog-Id, Mediware Information Systems, S3Edge, SATO Vicinity, and Terso Solutions.

Other Prominent Vendors in the market are: Honeywell, LogiTag, Mobile Aspects, Nordic ID, Solstice Medical, Stanley Healthcare, TAGSY RFID, WaveMark, and Zebra Technologies.

Commenting on the report, an analyst from the research team said: “Growing adoption of RFID-based solutions for efficient blood monitoring is an important trend gaining traction in the market. The industry has been witnessing a growing use of RFID-based solutions to improve efficiency. For instance, in May 2016, Aegis Sciences Corporation employed an RFID-based solution to monitor the status of blood and urine samples. In May 2016, the University of Tennessee Medical Centre also expanded its use of RFID within its 36 operating rooms. In March 2016, NSW Health Pathology that operates five clinical and scientific networks, deployed RFID technology at a blood bank it runs at the Liverpool Hospital, Sydney, Australia. It will allow the hospital to track blood products throughout the process of the supply chain. The increasing adoption of RFID technology for blood monitoring will fuel the market growth.”

According to the report, robust guidelines enabling use of RFID for blood monitoring is a key driver contributing to this market’s growth. The International Society of Blood Transfusion (ISBT) Working Party on Information Technology voted in 2006 to form a task force on RFID to review the state of RFID development and recommend guidelines for the application of RFID in transfusion medicine. The guidelines cover the use of RFID in the blood product supply chain from bag manufacturing to the donor and the individual. ISBT128 provides data structures related to manufacturers of blood bags, namely the container lot number, container manufacturer and catalog number, and the expiry date. Eventually in 2007, the Transfusion Medicine RFID Consortium was formed to research the applicability of RFID methods and devices to identify and track blood products from the point of collection and distribution to final disposition or transfusion. Also, in May 2013, the US FDA approved the use of a RFID device, iTrace, to store and track the manufacturing information of blood products including the collection, processing, and labeling of the component. Such initiatives will support market growth during the forecast period.

Further, the report states that high initial investment and maintenance cost is a major challenge this market is facing. The high initial costs of RFID systems have restricted adoption of these devices. The start-up costs of RFID implementation in an 800-bed hospital will be in the range of $20,000 to $1 million, depending on the requirement. Also, according to the College of American Pathologists, RFID tags were 10-15 times more expensive than barcode systems. A passive tag costs between $0.1 (10 cents) and $0.5 (50 cents), while active tags are priced between 50 cents and $50. This has resulted in the slow adoption of RFID in blood monitoring. Another reason for slow adoption of RFID in hospitals is high maintenance costs. These factors will have a significant impact on the growth of the market.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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1h Free Analyst Time

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- Biolog-Id
- Mediware Information Systems
- S3Edge
- SATO Vicinity
- Terso Solutions
- Honeywell
- LogiTag
- Mobile Aspects
- Nordic ID
- Solstice Medical
- Stanley Healthcare
- TAGSY RFID
- WaveMark
- Zebra Technologies
Note: Product cover images may vary from those shown
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