RFID Blood Refrigerator And Freezer Market Size to Grow by USD 12.07 billion

One of the primary growth drivers for the RFID blood refrigerator and freezer market is the high demand for blood and blood components, according to a senior analyst at Technavio. The market size is expected to grow by USD 12.07 bn from 2021 to 2026.

The high demand for blood and blood components is driving the growth of the global RFID blood refrigerator and freezer market. Various diseases and blood disorders, including thalassemia, sickle cell anemia, hemophilia, leukemia, and cancer, as well as blood loss due to surgery, require blood for treatment.

Blood and its components are required when the body fails to produce enough blood components to meet the requirements. Furthermore, the availability of freezer drawer racks made of corrosion-resistant stainless steel, with handles and identification cardholders, helps in the storage of a large number of blood tubes conveniently and facilitates tube retrieval without removing the whole rack from the freezer. Such advantages of RFID blood refrigerators and freezers will increase their adoption during the forecast period.