Latest News - RFID Blood Refrigerator and Freezer Market: Hospital and diagnostic centers are expected to lead the Application segment during 2024-2028

The RFID Blood Refrigerator and Freezer Market is being driven by High demand for blood and blood components

The RFID Blood Refrigerator and Freezer Market is expected to grow at a CAGR of 21.49% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 498.3 million. The global blood donation landscape has witnessed a noteworthy upsurge due to heightened awareness and significance attached to this life-saving practice. Despite this progression, current blood donation rates remain subpar compared to international benchmarks. Consequently, numerous organizations are implementing strategies to stimulate individual participation. Government and non-profit entities are spearheading initiatives to enlighten the populace on the merits and debunking misconceptions surrounding blood donation. This ongoing education campaign is instrumental in inspiring the younger demographic, who may initially exhibit apprehension towards the process. In the context of the RFID blood refrigerator and freezer market, this heightened emphasis on blood donation translates to increased demand for advanced storage solutions to ensure the safety and efficacy of donated blood. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Hospital and diagnostic centers
  • Blood banks
  • Others
• Type
  • RFID refrigerators
  • RFID freezers
• Geography
  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
  • Asia
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• High demand for blood and blood components
• Rising demand for blood banks and hospitals
• Increasing number of organ transplant procedures

However, the market also witnesses some limitations, which are as follows:

• Compliance with medical guidelines and declining number of blood donors
• Ethical challenges in stem cell research
• Low availability of blood storage/transfusion facilities in rural areas

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Market Scope in RFID Blood Refrigerator And Freezer Market Research Report

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Research Analysis Overview

In the realm of blood transfusion services, RFID blood refrigerators and freezers have emerged as essential components in ensuring blood safety and quality. These advanced storage solutions facilitate the proper collection, processing, and preservation of various blood components, such as platelets, plasma samples, and whole blood. RFID technology enables automated identification and tracking of blood tubes and identification cardholders, enhancing donor screening and supply chain management. Moreover, RFID blood refrigerators and freezers are engineered using corrosion-resistant steel and feature drawer racks, ensuring the safe storage of blood tubes and components. Cold chain maintenance is crucial for the prevention of bloodborne diseases and the preservation of temperature-sensitive blood components. These systems incorporate emergency power systems, motors, and configurations tailored to maintain optimal temperatures, as regulated by thermostats, evaporators, expansions, and condensers. In diagnostic centers, hospitals, and blood banks, RFID blood refrigerators and freezers play a pivotal role in the management of chronic diseases like hemophilia, thalassemia, and leukemia. By implementing RFID technology, these facilities can ensure the timely and efficient delivery of blood components, ultimately improving patient care and outcomes.

Market Research Overview

The RFD blood refrigerator and freezer market fall under the broader category of life science tools and services. This market caters to the demand for advanced refrigeration technologies used in storing and preserving blood and biological samples in the healthcare sector. Factors driving market growth include an aging population leading to increased healthcare needs and the subsequent rise in diagnostic tests, resulting in a higher demand for reliable and efficient refrigeration solutions. Technavio's market analysis calculates the market size based on the revenue generated by manufacturers of these specialized refrigeration systems. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/