LONDON--(BUSINESS WIRE)--Technavio has announced the top five leading vendors in their recent global RFID blood refrigerator and freezer market report. This research report also lists six other prominent vendors that are expected to impact the market during the forecast period.
The growing focus on epidemiology and translational science, along with the generation and preservation of biological samples (which includes variants of blood) for studies and experimentation, has increased the need for storage solutions that can extend the shelf life of blood.
Approximately 50% blood donations happen in high-income countries, which have only 20% of the global population. There is an emphasis on proper storage facilities to store, track, and monitor blood that is supplied or transported to countries that face a shortage of blood units, thereby requiring advanced refrigerating systems.
Competitive vendor landscape
The global RFID blood refrigerator and freezer market is moderately concentrated with the presence of large and small-sized players. The competition among these players is intense. The market is growing rapidly with an increase in the requirement of blood rising from the growing number of diseases that require surgeries involving blood transfusions.
“The demand will be high in emerging countries, especially in India and China due to an increase in the number of diagnostic laboratories and hospitals as a result of largely unmet patient needs. These countries will constitute the fastest-growing market,” says Amber Chourasia, a lead lab equipment analyst from Technavio.
Product differentiation makes it imperative for vendors to distinguish their product and service offerings through a distinct functionality and unique value proposition. The end-users in the market consider factors such as machine cost, service and software cost, training cost, accessories cost, and maintenance cost before buying RFID storage solutions. Vendors are focusing on providing solutions with features such as consistent quality to reduce errors and improve patient safety, prevent counterfeit products, and improve patient flow management, productivity, and business process.
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Top five RFID blood refrigerator and freezer market vendors
Biolog-id designs, develops, and manufactures a variety of RFID electronic tags-based traceability solutions for health products and processes. These can be used for fractionation, labile blood components, and chemotherapy. The company offers C-log, an RFID solution to ensure traceability throughout the chemotherapy circuit from preparation to administration. It also offers hardware and software products, which include identifiers, readers, and servers for data management, mobile computing, and electronic identification.
Biolog-id established its presence in the global RFID blood refrigerator and freezer market with its range of RFID solutions for the hospital transfusion process and blood processing. These solutions can be used for handling and processing frozen plasma.
Champion Healthcare Technologies
Champion Healthcare Technologies is a privately-held healthcare information technology company that offers a wide range of implantable medical device inventory management solutions for hospitals. It serves more than 200 hospitals and major medical centers nationwide and is the market leader in tissue inventory management and compliance solutions.
Champion Healthcare established its presence in the global RFID blood refrigerator and freezer market with its range of solutions that provide insight into workflows and systems used by hospitals and medical centers. It offers a variety of RFID storage solutions to automate the chain of custody and medical device management.
SATO is one of the leading providers of data collection systems and labeling products. The company mainly engages in the manufacture and sale of hand labelers, electronic printers, and integrated circuit tags and labels. SATO established its presence in the global RFID blood refrigerator and freezer market with a range of RFID readers, RFID printers, RFID-enabled cabinets.
SpaceCode is one of the leading RFID technology companies. The company designs, develops, manufactures, and sells a wide range of RFID products and solutions used in a variety of industrial applications such as healthcare and luxury goods. SpaceCode established its presence in the global RFID blood refrigerator and freezer market with its range of offerings.
Terso Solutions is one of the leading players in the global RFID blood refrigerator and freezer market. The company holds 14 US patents around RFID-enabled cabinets, refrigerators, and freezers. Its RFID storage solutions allow customers to improve product visibility, monitor regulatory compliance, and reduce shrinkage. The company offers RFID storage solutions through its subsidiary, Goldtec Technologies.
The other prominent vendors are:
- B Medical Systems
- Helmer Scientific
- Remi Group
- RFID Global Solution
Browse Related Reports:
- Global Blood Processing Devices and Consumables Market 2016-2020
- Global RFID Blood Monitoring Systems Market 2016-2020
- Global Tissue Banking Market 2016-2020
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