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RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market is Expected to Reach USD 174.2 Million Globally in 2019: Transparency Market Research
Date:7/30/2013

ALBANY, New York, July 30, 2013 /PRNewswire/ --

According to a new market report published by Transparency Market Research (http://www.transparencymarketresearch.com) "RFID Blood Monitoring Systems (Blood Refrigerators and Freezers) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019" the global RFID blood refrigerators and freezers market was valued at USD 40.9 million in 2012 and is expected to grow at a CAGR of 22.8% from 2013 to 2019, to reach an estimated value of USD 174.2 million in 2019.

Browse the full report at  http://www.transparencymarketresearch.com/blood-monitoring-systems.html

The global RFID blood refrigerators and freezers market is expected to undergo rapid growth of 22.8% from 2013 to 2019. This growth is majorly attributed to the rapid adoption of RFID technology in the healthcare industry and growing need for efficient management of blood and blood products to minimize transfusion errors. Growing trend of consolidation of healthcare facilities has resulted in growth of their size. This is followed by the increase in the volume of inventory of blood and blood products. Consistency in the occurrence of transfusion and storage errors despite the use of bar-coding and note-taking systems also influence the demand for RFID blood tracking solutions in blood banks and hospitals.

The major concern for hospitals and blood centers is patient safety, minimal wastage of blood products and minimization of blood transfusion errors. Consistent prevalence of blood transfusion errors and to minimize the time consuming paperwork for inventory management, hospitals and blood banks throughout the world have begun to explore RFID tracking system for its potential in efficient inventory and supply management. Furth
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