Boston, MA -- (SBWIRE) -- 09/28/2016 -- RFID is a technology that works on the basis of an electronic circuit or tag. These are either self-powered (using a battery) or powered intermittently through radiation from a distance. These devices can send information to a reader placed at a distance. The tags are plain antennae bonded to a silicon chip placed inside a plastic or glass case. RFID tags contain electronically stored information, which can be used for tracking objects. The healthcare industry is becoming aware of the several uses of RFID, especially to promote efficiency in the tracking and monitoring of products and devices and prevent manual error. RFID blood monitoring systems include blood refrigerators and freezers.

Technavio's analysts forecast the global RFID blood monitoring systems market to grow at a CAGR of 22.96% during the period 2016-2020.

Get More Details on this Report and a Full Table of Contents at Global RFID Blood Monitoring Systems Market 2016-2020

Covered in this report
The report covers the present scenario and the growth prospects of the global RFID blood monitoring systems market for 2016-2020. To calculate the market size, the report considers the revenue generated from the sales of RFID blood monitoring systems to hospitals, blood banks, and research laboratories.

The market is divided into the following segments based on geography:

-Americas
-APAC
-EMEA

Technavio's report, Global RFID Blood Monitoring Systems Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors

-Biolog-Id
-Mediware Information Systems
-S3Edge
-SATO Vicinity
-Terso Solutions

Other prominent vendors

-Honeywell
-LogiTag
-Mobile Aspects
-Nordic ID
-Solstice Medical
-Stanley Healthcare
-TAGSY RFID
-WaveMark
-Zebra Technologies

Market driver

-Robust guidelines enabling use of RFID for blood monitoring
-For a full, detailed list, view our report

Market challenge

-High initial investment and maintenance cost
-For a full, detailed list, view our report

Market trend

-Growing adoption of RFID-based solutions for efficient blood monitoring
-For a full, detailed list, view our report

Key questions answered in this report

-What will the market size be in 2020 and what will the growth rate be?
-What are the key market trends?
-What is driving this market?
-What are the challenges to market growth?
-Who are the key vendors in this market space?
-What are the market opportunities and threats faced by the key vendors?
-What are the strengths and weaknesses of the key vendors?

You can request one free hour of our analyst's time when you purchase this market report. Details are provided within the report.

Companies Mentioned in this Report: Biolog-Id, Mediware Information Systems, S3Edge, SATO Vicinity, Terso Solutions, Honeywell, LogiTag, Mobile Aspects, Nordic ID, Solstice Medical, Stanley Healthcare, TAGSY RFID, WaveMark, Zebra Technologies.

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