NEW
YORK, July 5, 2024 /PRNewswire/ -- The
global RFID blood refrigerator and freezer
market size is estimated to grow by USD
498.3 million from 2024-2028, according to Technavio. The
market is estimated to grow at a CAGR of 21.49% during
the forecast period. High demand for blood and blood
components is driving market growth, with a trend
towards increasing initiatives to raise awareness about blood
donations. However, compliance with medical guidelines and
declining number of blood donors poses a challenge. Key
market players include Angelantoni Industrie Srl, Azenta Inc.,
Biomed Global, Bionics Scientific Technologies Pvt. Ltd., Cardinal
Health Inc., CIMSENSE, Haier Smart Home Co. Ltd., IQM AS, PHC
Holdings Corp., REMI Group, Rollex Group Australia PTY Ltd.,
Spacecode SA, Terso Solutions Inc., Thalheimer Kuhlung GmbH and Co.
KG, and Trane Technologies Plc.
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Rfid Blood
Refrigerator And Freezer Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
21.49%
|
Market growth
2024-2028
|
USD 498.3
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
17.41
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
42%
|
Key
countries
|
US, Germany, Canada,
China, and UK
|
Key companies
profiled
|
Angelantoni Industrie
Srl, Azenta Inc., Biomed Global, Bionics Scientific Technologies
Pvt. Ltd., Cardinal Health Inc., CIMSENSE, Haier Smart Home Co.
Ltd., IQM AS, PHC Holdings Corp., REMI Group, Rollex Group
Australia PTY Ltd., Spacecode SA, Terso Solutions Inc., Thalheimer
Kuhlung GmbH and Co. KG, and Trane Technologies Plc
|
Market Driver
The global RFID blood refrigerator and freezer market is
experiencing growth due to the increasing number of blood donations
worldwide. With rising awareness campaigns encouraging individuals
to donate blood, more hospitals, clinics, and blood banks require
efficient storage and tracking solutions for blood and blood
components. RFID technology offers these benefits, making it an
essential investment for healthcare organizations. The awareness
initiatives, such as the Voluntary Blood Donation Programme and
Platelets Across America, aim to inspire new donors and maintain a
strong donor population. Regular donations are crucial to ensure
high-quality blood stocks, and RFID technology enables effective
inventory management. Organizations like the Red Cross and
corporate companies are partnering with recognized blood banks to
organize blood donation drives and set up camps. These efforts will
lead to a significant increase in blood donations, boosting the
demand for RFID blood refrigerators and freezers during the
forecast period.
The Rfid blood refrigerator and freezer market is witnessing
significant growth due to the increasing demand for efficient and
safe storage solutions for blood components and plasma derivatives.
Hospitals and diagnostic centers are major consumers of these
systems, used for storing various types of blood components,
including plasma samples, platelets, and leukemia, thalassemia, and
hemophilia-related components. Rfid technology enables easy
identification and tracking of blood tubes and platelet components
through the use of identification cardholders. These systems come
in various configurations, including upright and drawer racks, made
of corrosion-resistant steel for durability. Key features include
motors, thermostats, condensers, expanders, and evaporators,
ensuring consistent temperature control within the cold chain.
Emergency power systems provide backup during power outages.
Cost-effective and energy-efficient, these systems are essential
for blood donation centers, laboratories, and blood banks,
contributing to the overall success of the blood storage and
transfusion supply chain. Quality control is paramount, with
systems adhering to stringent standards for blood safety and
preventing bloodborne pathogens. Applications extend beyond
hospitals and diagnostic centers, with potential in research and
other industries. The market is expected to grow at a steady pace,
driven by the increasing prevalence of chronic diseases and the
need for advanced blood storage solutions.
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Market Challenges
- The RFID blood refrigerator and freezer market faces challenges
due to decreasing blood donations in the US. With over 15 million
blood transfusions performed annually for major surgeries and
medical conditions, the need for blood storage solutions remains
significant. However, factors such as lack of awareness, time
constraints, and inadequate knowledge about blood donation
locations and schedules have led to a decrease in donations since
the COVID-19 pandemic, impacting the market negatively.
Additionally, high blood unit costs and fewer Medicare
reimbursements, as well as the adoption of minimally invasive
surgeries, further hinder market growth. Compliance with stringent
medical norms adds to the complexity and cost of blood storage,
making it essential for market players to innovate and offer
cost-effective solutions to attract customers.
- The Rfid blood refrigerator and freezer market cater to
diagnostic centers, blood banks, and laboratories, addressing the
need for efficient and safe storage of vital medical samples like
plasma, platelets, and blood for chronic diseases such as Leukemia,
Thalassemia, and Hemophilia. Rfid technology enables automated
identification and tracking of samples using cards or tags. These
units are designed with corrosion-resistant steel, ensuring
durability in harsh environments. The market includes various types
like drawer racks and single door models, catering to different
applications and country-level requirements. Cost-effective
solutions are essential for blood donation programs and plasma
collection centers. Quality control is paramount, with cold chain
maintenance and supply chain management crucial for blood storage
and transfusion services. Rfid technology aids in blood safety by
reducing human error in labeling and tracking, ensuring bloodborne
pathogens are minimized during blood transfusion, testing, donor
screening, and processing. This technology plays a significant role
in transfusion medicine, hematology, and bloodborne diseases
research, contributing to the overall advancement of healthcare
services.
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challenges - Request a sample report!
Segment Overview
This rfid blood refrigerator and freezer market report
extensively covers market segmentation by
- Application
- 1.1 Hospital and diagnostic centers
- 1.2 Blood banks
- 1.3 Others
- Type
- 2.1 RFID refrigerators
- 2.2 RFID freezers
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Hospital and diagnostic centers- Hospitals and
diagnostic centers have seen significant growth due to increasing
medical needs and expanding services. In hematology, surgical
procedures and regular transfusions for conditions like cancer and
hemophilia drive the demand for RFID blood refrigerators and
freezers. Multispecialty hospitals and hospital groups, offering
various inpatient and outpatient services, generate substantial
revenues and are major contributors to this market's growth. The
RFID technology ensures efficient tracking and monitoring of blood
products, contributing to improved patient care and safety. With
the rise in hospital admissions and diagnostic procedures, the need
for advanced storage solutions is increasingly important, making
the RFID blood refrigerator and freezer market a promising
investment opportunity.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Rfid Blood Refrigerator and Freezer market encompasses
advanced refrigeration and freezing solutions designed specifically
for storing and preserving blood components, plasma derivatives,
and other vital medical materials. These systems utilize Radio
Frequency Identification (Rfid) technology for efficient tracking
and monitoring of stored items, ensuring the integrity of the cold
chain and maintaining optimal temperatures. Key features include
tubing and capillary tubes for easy access, condensers, expanders,
evaporators, thermostats, and various configurations to accommodate
different blood components and configurations. Motors, emergency
power systems, and corrosion-resistant steel ensure reliable and
consistent operation. Hospitals, diagnostic centers, chronic
disease treatment centers, and blood banks are primary consumers,
utilizing these systems for storing plasma samples, platelets, and
other blood components for transfusion, blood testing, donor
screening, and blood processing. Rfid technology enables seamless
identification and tracking of blood tubes and donor identification
cardholders, enhancing blood safety and reducing the risk of
bloodborne pathogens. The market continues to grow due to the
increasing demand for advanced blood transfusion and hematology
services, including the treatment of conditions such as leukemia,
thalassemia, hemophilia, and other chronic diseases. Quality
control measures and supply chain optimization further drive the
market's expansion, ensuring the delivery of safe and effective
blood components for transfusion medicine.
Market Research Overview
Rfid blood refrigerators and freezers are specialized medical
equipment designed for storing and preserving blood components and
plasma derivatives at precise temperatures. These systems utilize
RFID technology for identification and tracking of blood tubes,
capillary tubes, and other components. Key features include
condensers, expanders, evaporators, thermostats, and various
configurations. Motors and emergency power systems ensure
uninterrupted operation. Applications include hospitals, diagnostic
centers, and blood banks for storing platelet components, plasma
samples, and platelets. Made of corrosion-resistant steel, these
systems offer drawer racks and identification cardholders for
efficient organization. Cost-effective and reliable, they ensure
quality control in the cold chain and supply chain for blood
storage, transfusion, testing, donor screening, processing, and
safety against bloodborne pathogens in transfusion medicine,
hematology, and bloodborne diseases.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Hospital And Diagnostic Centers
- Blood Banks
- Others
- Type
-
- RFID Refrigerators
- RFID Freezers
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio