Global Radiofrequency Identification (RFID) Blood Monitoring Systems Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product;

Systems and Tags.

By End Use;

Blood Bank and Hospital Blood Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn114219732 Published Date: February, 2025 Updated Date: March, 2025

Introduction

Global Radiofrequency Identification (RFID) Blood Monitoring Systems Market (USD Million), 2021 - 2031

In the year 2023, the Global Radiofrequency Identification (RFID) Blood Monitoring Systems Market was valued at USD 4,898.62 million. The size of this market is expected to increase to USD 16,907.75 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 19.4%.

RFID blood monitoring systems utilize RFID tags attached to blood bags, containers, and patient wristbands to track and trace blood units throughout their lifecycle. These tags contain unique identifiers that can be wirelessly scanned and recorded at various checkpoints, including blood collection, processing, storage, and transfusion. By capturing and storing data in a centralized system, healthcare providers gain immediate access to critical information such as blood type, expiration date, donor information, and transfusion history.

One of the key drivers of the RFID blood monitoring systems market is the increasing emphasis on patient safety and regulatory compliance. Accurate blood identification and verification are essential to prevent transfusion errors, such as ABO incompatibility or transfusion-associated reactions, which can have serious consequences for patient health. RFID technology enhances blood traceability and reduces the risk of human error by automating data capture and validation processes, ensuring that the right blood product is administered to the right patient at the right time.

RFID blood monitoring systems offer operational benefits to healthcare facilities by improving inventory visibility, reducing stockouts, and minimizing wastage. Real-time monitoring of blood inventory levels enables proactive replenishment and optimization of blood utilization, leading to cost savings and resource efficiencies. RFID technology facilitates compliance with regulatory requirements and accreditation standards, such as those set forth by regulatory bodies like the FDA and AABB, by providing comprehensive documentation and audit trails of blood handling and transfusion practices.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product
    2. Market Snapshot, By End Use
    3. =Market Snapshot, By Region
  4. Global Radiofrequency Identification (RFID) Blood Monitoring Systems Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Emphasis on Blood Safety and Transfusion Efficiency

        2. Technological Advancements in RFID Technology

        3. Growing Adoption of RFID Blood Monitoring Systems in Healthcare Facilities

      2. Restraints
        1. High Initial Investment Costs for Implementing RFID Blood Monitoring Systems

        2. Concerns Regarding Data Security and Privacy

        3. Integration Challenges with Existing Hospital Information Systems

      3. Opportunities
        1. Expansion into Emerging Markets with Growing Healthcare Infrastructure

        2. Development of RFID Blood Monitoring Systems with Enhanced Features and Functionality

        3. Integration with Electronic Health Records (EHR) Systems for Seamless Data Management

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Radiofrequency Identification (RFID) Blood Monitoring Systems Market, By Product, 2021 - 2031 (USD Million)
      1. Systems

      2. Tags

    2. Global Radiofrequency Identification (RFID) Blood Monitoring Systems Market, By End Use, 2021 - 2031 (USD Million)
      1. Blood bank

      2. Hospital blood centers

    3. Global Radiofrequency Identification (RFID) Blood Monitoring Systems Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Biolog-id
      2. Mediware Information System
      3. Honeywell
      4. Nordic ID
      5. TAGSY RFID
      6. Zebra Technologies Wave Mark
      7. Log Tag
      8. Terso Solutions
  7. Analyst Views
  8. Future Outlook of the Market