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Add to CartGlobal RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market Growth, Share, Size, Trends and Forecast (2024 - 2030)
Segmented by Application;
Asset Management and Tracking, Patient Tracking, Pharmaceuticals Tracking and Blood Monitoring.Segmented by Geography;
North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).Introduction
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market (USD Million), 2020 - 2030
| # | Global |
|---|---|
| 2020 | 91.3 |
| 2021 | 91.7 |
| 2022 | 102.8 |
| 2023 | 116.7 |
| 2024 | 130.6 |
| 2025 | 136.2 |
| 2026 | 157.6 |
| 2027 | 183.5 |
| 2028 | 197.6 |
| 2029 | 237.1 |
| 2030 | 243.6 |
In the year 2023, the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market was valued at USD 288.85 million. The size of this market is expected to increase to USD 788.69 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 15.4%.
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market Report Snapshot
| Parameters | Description |
|---|---|
| Market | Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market |
| Study Period | 2020 - 2030 |
| Base Year (for RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market Size Estimates) | 2023 |
| Study Scope |
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| Market Segmentation |
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| Geographical Coverage |
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| Company Coverage |
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| Premium Insights |
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Market Analysis
This report extensively covers different segments of Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market and provides an in depth analysis (including revenue analysis for both historic and forecast periods) for all the market segments. In this report, the analysis for every market segment is substantiated with relevant data points and, insights that are generated from analysis of these data points (data trends and patterns).
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market Analysis
In this report, the global RFID blood monitoring systems (blood refrigerators and freezers) market has been segmented by application and geography.
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, Segmentation by Application
The Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market has been segmented by Application into Asset Management and Tracking, Patient Tracking, Pharmaceuticals Tracking and Blood Monitoring. The complete Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market segmentation by Application can be seen below:
- Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, By Application
- Asset Management and Tracking
- Patient Tracking
- Pharmaceuticals Tracking
- Blood Monitoring
This report provides market size in USD Million and Year on Year (YOY) growth analysis for all the Applications mentioned above for historic (2020 - 2023) and forecast (2024 - 2030) periods with 2023 considered as the base year.
The report also provides an analysis of why the market size of the various segments by Application is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, by Application (USD Million), 2020 - 2030
| # | Asset Management and Tracking | Patient Tracking | Pharmaceuticals Tracking | Blood Monitoring |
|---|---|---|---|---|
| 2020 | 102.5 | 83.2 | 68.8 | 88.6 |
| 2021 | 109.6 | 84.9 | 76.1 | 89.2 |
| 2022 | 126.9 | 96.4 | 84.6 | 99.7 |
| 2023 | 141.9 | 112.6 | 89.7 | 101.1 |
| 2024 | 151.7 | 113.3 | 92.1 | 108.4 |
| 2025 | 155.4 | 130.8 | 109.9 | 127.1 |
| 2026 | 167.1 | 149.3 | 116.5 | 129.1 |
| 2027 | 173.8 | 153.8 | 134.8 | 131.5 |
| 2028 | 195.4 | 178.6 | 155.8 | 139.3 |
| 2029 | 225.2 | 179.3 | 157.2 | 147.6 |
| 2030 | 259.8 | 194.7 | 166.1 | 172.0 |
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, Segmentation by Geography
In this report, the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market Share (%), by Geographical Region, 2023
| North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
Find below the list of Countries covered in each of the aforementioned geographical regions:
North America - United States, Canada and Mexico
Latin America - Brazil, Argentina and Rest of Latin America
Europe - Germany, United Kingdom, France, Italy, Spain and Rest of Europe
Asia Pacific - Japan, China, India, Australia & New Zealand, South Korea, ASEAN (Association of South East Asian Nations) and Rest of Asia Pacific
Middle East & Africa - GCC Countries, Egypt, Israel, South Africa, Rest of Middle East & Africa
This report provides market size in USD Million and Year on Year (YOY) percentage growth analysis for the RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market in all the Regions and Countries (specified above) for historic (2020 - 2023) and forecast (2024 - 2030) Periods with 2023 considered as the base year.
This report also provides an analysis of why the market size of RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) in various regions and countries is increasing or decreasing with time along with the reasons for changes in the YOY growth with time.
Market Dynamics
This report provides an in depth analysis of various factors that impact the dynamics of Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. These factors include; Market Drivers, Restraints and Opportunities Analysis, Market Opportunity Mapping, PEST (Political, Economic, Social and Technological) Analysis and Porter's Five Forces Analysis.
Drivers, Restraints and Opportunity Analysis
- The growth of the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market is driven by; Need to Efficiently Manage Blood and Blood Products Inventory and Ensure Minimum Blood Transfusion Errors and Increase in the Demand for RFID-Enabled Refrigerators and Cabinets.
- While the growth of Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market is currently hindered by; Reluctance Pertaining to Adoption of RFID Systems and High Cost of RFID Technology.
- Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market has good growth potential in the future due to the new market opportunities that are being created. The opportunities in this market include; Low Penetration Rate of RFID-Enabled Tracking Solutions in Healthcare Industry and Manufacturing Blood Tracking Solutions in Conformity With Global Standards.
- Need to Efficiently Manage Blood and Blood Products Inventory and Ensure Minimum Blood Transfusion Errors.
- Increase in the Demand for RFID-Enabled Refrigerators and Cabinets.
- Reluctance Pertaining to Adoption of RFID Systems.
- High Cost of RFID Technology.
- Low Penetration Rate of RFID-Enabled Tracking Solutions in Healthcare Industry.
- Manufacturing Blood Tracking Solutions in Conformity With Global Standards.
Market Opportunity Map
This report provides market opportunity map for RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. The opportunity map (by market segments; Application) is calculated based on current year market estimates, CAGR and collective revenue over the forecast period. Since, CAGR has been estimated considering all the factors impacting the market; starting from the company's presence, buyer behaviour, to government interference or support. The opportunity map inherently considers all the aforementioned factors impacting the market. The bubble size reflects the estimated opportunity for a particular segment or region, therefore, bigger the bubble size, larger the opportunity.
Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, Opportunity Map, By Region (2020 - 2030)
| North America | Europe | Asia Pacific | Middle East & Africa | Latin America |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
PEST (Political, Economic, Social and Technological) Analysis
This report provides PEST analysis of RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. Various factors such as government interference in the market such as regulations (which include but are not limited to pricing and intellectual property policies) that might impact the market are analysed.
This report also provides an analysis of Economic factors affecting the market such as; purchasing power, which directly influences the market growth.
This report also provides an analysis of social factors such as social norms or cultural beliefs inhibiting or promoting the growth of the market
As part of PEST analysis, this report also provides analysis of the impact of Technological factors on growth or decline of a market.
- In depth analysis and insights about the impact of political factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of economic factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of social factors on this market will be provided in the final report.
- In depth analysis and insights about the impact of technological factors on this market will be provided in the final report.
Porter's Five Force Analysis
This report provides Porter's Five Forces analysis of Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, which include; Bargaining Power of Suppliers, Bargaining Power of Buyers, Threat of New Entrants, Threat of Substitutes and Competitive Rivalry.
Bargaining Power of Suppliers:
Various factors such as; Supplier Switching Costs Relative to Firm Switching Costs, Supplier Competition and Possibility of Forward Integration, Presence of Substitute Inputs, Strength of Distribution Channels, and Supplier Concentration to Firm Concentration Ratio would be analysed to estimate bargaining power of suppliers in the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. Bargaining power of suppliers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Suppliers
| Supplier Switching Costs Relative To Firm Switching Costs | Strength of Distribution Channels | Supplier Concentration to firm Concentration Ratio | Presence of Substitute Inputs | Supplier Competition and Possibly of Forward Integration |
|---|---|---|---|---|
| 20 | 10 | 15 | 5 | 50 |
Bargaining Power of Buyers:
Various factors such as; Buyer Concentration to Firm Concentration Ratio, Buyer Switching Costs, Availability of Existing Substitute Products, Buyer Price Sensitivity, and Degree of Dependency upon Existing Channels of Distribution would be analysed to estimate bargaining power of buyers in the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. Bargaining power of buyers will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Bargaining Power of Buyers
| Buyer Competition to Firm Concentration Ratio | Buyer Switching Costs | Availability of existing Substitute Products | Buyer Price Sensitivity | Degree of Dependency upon Existing Channels of Distribution |
|---|---|---|---|---|
| 10 | 15 | 25 | 45 | 32 |
Threat of Substitutes:
Various factors such as; Availability of Substitutes, Number of Available Substitutes, Price of Substitute Products, Buyer Switching Costs, and Buyer Propensity to Substitute would be analysed to estimate threat of substitutes in the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. Threat of substitutes will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of Substitutes:
| Availability of Substitutes | Number of Available Substitutes | Price of Substitute Products | Buyer Switching Costs | Buyer Propensity to Substitute |
|---|---|---|---|---|
| 20 | 35 | 10 | 2 | 5 |
Threat of New Entrants:
Various factors such as; Barriers to Entry, Economies of Scale, Product Differentiation, Customer Loyalty, Network Effect, and Access to Distribution Channels would be analysed to estimate threat of new entrants in the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. Threat of new entrants will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Threat of New Entrants:
| Barriers to entry | Economics of scale | Product Differentiation | Customer Loyalty | Network Effect | Access to Ditribution Channels |
|---|---|---|---|---|---|
| 2 | 35 | 25 | 10 | 15 | 55 |
Competitive Rivalry:
Various factors such as; Firm concentration Ratio, Level of Advertising Expense, Sustainable Competitive Advantage through Innovation, Competitive Strategy and Degree of Transparency would be analysed to estimate competitive rivalry in the Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market. Competitive rivalry will be reported on a scale of 0-10 with 0 being the lowest value and 10 being the highest value.
Industry Rivalry:
| Firm Concentration Ratio | Level of Advertising Expense | Sustainable Competitive Adavantage through Innovation | Degree of Transparency | Competitive strategy |
|---|---|---|---|---|
| 5 | 10 | 15 | 35 | 45 |
Competitive Landscape Analysis
Key players in Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market include, Champion Medical Technologies, LPIT Solutions, Inc., Magellan Technology Pty. Ltd., RURO, Inc., SysLogic, Inc., Terso Solutions and ThingMagic.
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
Company SWOT Analysis
This report also provides Heat map analysis of Products/Services Offered by different companies operating in this market.
Competitors Products/Services Heat Map Analysis
| Company Vs. Product/Service | Company 1 | Company 2 | Company 3 | Company 4 | Company 5 | Company 6 | Company 7 | Company 8 | Company 9 | Company 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Product 1/Service 1 | ||||||||||
| Product 2/Service 2 | ||||||||||
| Product 3/Service 3 | ||||||||||
| Product 4/Service 4 | ||||||||||
| Product 5/Service 5 | ||||||||||
| Product 6/Service 6 | ||||||||||
| Product 7/Service 7 | ||||||||||
| Product 8/Service 8 |
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Application
- Market Snapshot, By Region
- Market Opportunity Map
- Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Need to Efficiently Manage Blood and Blood Products Inventory and Ensure Minimum Blood Transfusion Errors
- Increase in the Demand for RFID-Enabled Refrigerators and Cabinets
- Restraints
- Reluctance Pertaining to Adoption of RFID Systems
- High Cost of RFID Technology
- Opportunities
- Low Penetration Rate of RFID-Enabled Tracking Solutions in Healthcare Industry
- Manufacturing Blood Tracking Solutions in Conformity With Global Standards
- Drivers
- Regulatory Scenario
- Reimbursement Scenario
- Mergers & Acquisitions, Collaborations & Partnerships, Agreements
- Pipeline Analysis/Technological Advancements
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bragaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Industry Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, By Application, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Segment Trends
- Asset Management and Tracking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Patient Tracking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Pharmaceuticals Tracking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Blood Monitoring
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2030 (USD Million)
- Asset Management and Tracking
- Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, By Geography, 2022 - 2032 (USD Million)
- Introduction
- Market Share Analysis, 2024 and 2030 (%)
- Y-o-Y Growth Analysis, 2021 - 2030
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United States
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Canada
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United States
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Germany
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- United Kingdom
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- France
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Italy
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Spain
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Germany
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Japan
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- China
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- India
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Australia & New Zealand
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- South Korea
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- ASEAN (Association of South East Asian Countries)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Japan
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Brazil
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Mexico
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Argentina
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Brazil
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- GCC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Israel
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- South Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- Rest of Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2020 - 2030 (USD Million)
- GCC
- North America
- Global RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market, By Application, 2022 - 2032 (USD Million)
- Competitive Landscape
- Heat Map Analysis
- Company Profiles
- Champion Medical Technologies
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- LPIT Solutions, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Magellan Technology Pty. Ltd.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- RURO, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- SysLogic, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Terso Solutions, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- ThingMagic, Inc.
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Champion Medical Technologies
- Analyst Views
- Future Outlook of the Market
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