Top 5 Vendors in the Global RFID Blood Monitoring Systems Market from 2016-2020

Technavio has announced the top five leading vendors in their recent global RFID blood monitoring systems market report until 2020. This research report also lists nine other prominent vendors that are expected to impact the market during the forecast period.

The global RFID blood monitoring systems market is expected to grow at 22.96% during the forecast period. 

The increasing need for effective monitoring of the blood products to reduce medical errors, and thereby reduce medical wastage is driving the market growth. RFID systems and tags provide effective monitoring of blood products and improve supply chain efficiencies. Also, the increasing adoption of RFID systems, particularly in the Americas and Europe, is expected to drive the market growth. For instance, in May 2016, Aegis Sciences Corporation employed an RFID-based solution to monitor the status of the blood and urine samples

In addition, the endorsements from blood banks and healthcare organizations are further expected to increase the adoption of RFID blood monitoring systems worldwide. For instance, in March 2016, Australia’s National Blood Bank endorsed the use of Space Code’s RFID system at the Liverpool Hospital in Sydney. Such endorsements have increased the penetration of RFID devices in blood monitoring