Global RFID Blood Monitoring Systems Market To grow at a CAGR of +15% by 2022

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.