OCTOBER 23RD, 2017 
RESEARCH N REPORTS RELEASES
The global RFID blood monitoring systems market To grow at a CAGR +15% by Global RFID blood monitoring systems Market: Regional Segment Analysis: North America, Europe, China, Japan, Southeast, Asia and India. RFIDs are gradually replacing the use of 1D and 2D barcodes. Barcodes work only when the scanner is placed directly in front of the label and also do not offer durability. Whereas, RFID uses radio waves to communicate and does not require proper orientation of label and scanner. RFID tags are only required to be within the reading range of the reader, which will drive the efficiency of logistics in various applications including blood transfusions. Barcode is a read-only label where the data can never be changed after it is printed. However, in RFID tags, the data can be rewritten or modified as required. Moreover, RFID tags are durable and reusable, and RFID technology is more secure as the information can be encrypted. These advantages of RFID over barcode scanners will be one of the major factors that will have a positive impact on the demand for this market in the coming years. There is a growing need to reduce medical wastage and to improve the efficiencies of manual blood monitoring systems that normally faces several challenges such as medical errors and slow speed in process. RFID technology enables transforming the supply chain automation and visibility and also helps shippers to track assets and shipments in real time. Replacing manual scans, RFID helps blood banks to save considerable time in all processes from processing to storage.
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Due to the presence of several well-established international and regional RFID companies, this market appears to be highly fragmented. The increasing demand for the effective monitoring of blood products has induced these vendors to pursue organic growth strategies, which in turn, will fuel the growth of this market. The RFID blood monitoring system has proven several times more efficient in the tracking, stocking, and management of blood and blood products, and is gaining immense popularity among blood banks and hospitals. Among all geographies, North America is anticipated to witness the highest adoption of RFID blood monitoring systems owing to the growing sales of RFID refrigerators and freezers in hospitals, blood banks, and diagnostic laboratories, and research institutions.
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The research report estimates the Global RFID Blood Monitoring Systems Market in an all-encompassing manner by explaining the prime characteristics of the market that is expected to have a measurable influence on its progressive scenarios over the projected period. The major growth drivers, limitations, and inclinations influencing the global market are scrutinized. The report also presents a comprehensive qualitative and quantitative data relating to the predictable impact of these factors on market’s future growth projections.
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The considerable amount of market data that is accessible to any market, in general, make it a tough task to narrow it down to the most important details and dimensions applicable to the business issues at hand. Many organizations could lack the truly necessary committed properties and the exact aptitudes required for hoarding a far-reaching statistical surveying. Intensive statistical surveying strategies help associations in clearly determining the most basic risk factors in the market that should be measured for operational decision-making.
On the basis of geography, the global market is divided into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. The research report witnesses that North America will be a key regional market in the overall market. A list of foremost manufacturers has been given primary value to safeguard their approaches are understood in this particular market.