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RFID Blood Refrigerator and Freezer Market – 40% of Growth to Originate | Driven by High Demand For Blood & Blood Components|Technavio

The “RFID Blood Refrigerator And Freezer Market by Application (Hospital and diagnostic centers, Blood banks, and Others) and Geography (North America, Europe, Asia, and Rest of World (ROW)) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.

40% of the market’s growth will originate from North America during the forecast period. US and Canada are the key markets for RFID blood refrigerators and freezers in North America. Market growth in this region will be faster than the growth of the market in Europe and Asia. The significant increase in investments in healthcare in countries such as the US will facilitate the RFID blood refrigerator and freezer market growth in North America over the forecast period.

The potential growth difference for the RFID blood refrigerator and freezer market between 2021 and 2026 is USD 285.46 million. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

Market Driver – The key factor driving the global RFID blood refrigerator and freezer market growth is the high demand for blood and blood components. Various diseases and blood disorders, such as 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 body’s requirements.

Furthermore, the availability of freezer drawer racks made of corrosion-resistant stainless steel, with handles and identification cardholders, enables 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. Market Challenges – The key challenge to the global RFID blood refrigerator and freezer market growth is the high maintenance cost and limited reimbursement. The average cost of cord blood handling (blood remaining in the placenta after childbirth) is around USD 1,500 per year. Since RFID freezers are precision devices and must maintain the temperature inside the chamber with great stability, the periodic maintenance of each component is essential, which further increases the cost. Although the probability of release of blood components such as erythrocytes and plasma to end-users is more than cord blood units, most of these products are less adopted owing to low reimbursement. For instance, the reimbursement provided by the Centers for Medicare and Medicaid Services for RBC units is USD 180 to USD 190 in the US. Such factors are expected to negatively impact market growth during the forecast period.

Segmentation Analysis

The RFID blood refrigerator and freezer market report is segmented by Application (Hospital and diagnostic centers, Blood banks, and Others) and Geography (North America, Europe, Asia, and the Rest of the World (ROW)).

The RFID blood refrigerator and freezer market share growth by the hospitals and diagnostic centers segment for revenue generation. The need for storing and tracking blood products will increase in the coming years owing to the growth in hospital admissions for surgeries and diagnoses, which will subsequently drive the demand for RFID blood refrigerators and freezers in hospitals.

Some Companies Mentioned
The RFID blood refrigerator and freezer market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Angelantoni Industrie Srl ARCTIKO AS Aurora BioScience B Medical Systems Sarl Biolog Id Bionics Scientific Technologies (P) Ltd. Cardinal Health Inc. ENLAKE Enterprises Pty Ltd. Haier Biomedical IQM AS MedSella Philipp Kirsch GmbH Promega Corp. Rollex Group Australia PTY Ltd. SATO Holdings Corp. Spacecode SA Stericox India Pvt. Ltd. Thalheimer Kuhlung GmbH and Co. KG Thermo Fisher Scientific Inc. Venture Research Inc.To gain access to more vendor profiles with their key offerings available with Technavio, Click Here
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RFID Blood Refrigerator And Freezer Market Scope
Report Coverage
Details
Page number
120
Base year
2021
Forecast period
2022-2026
Growth momentum & CAGR
Accelerate at a CAGR of 19.23%
Market growth 2022-2026
USD 285.46 million
Market structure
Fragmented
YoY growth (%)
19.04
Performing market contribution
North America at 40%
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Angelantoni Industrie Srl, ARCTIKO AS, Aurora BioScience, B Medical Systems Sarl, Biolog Id, Bionics Scientific Technologies (P) Ltd., Cardinal Health Inc., ENLAKE Enterprises Pty Ltd., Haier Biomedical, IQM AS, MedSella, Philipp Kirsch GmbH, Promega Corp., Rollex Group Australia PTY Ltd., SATO Holdings Corp., Spacecode SA, Stericox India Pvt. Ltd., Thalheimer Kuhlung GmbH and Co. KG, Thermo Fisher Scientific Inc., and Venture Research Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Key Topics Covered:
1 Executive Summary
1.1 Market overview Exhibit 01: Executive Summary – Chart on Market Overview Exhibit 02: Executive Summary – Data Table on Market Overview Exhibit 03: Executive Summary – Chart on Global Market Characteristics Exhibit 04: Executive Summary – Chart on Market by Geography Exhibit 05: Executive Summary – Chart on Market Segmentation by Application Exhibit 06: Executive Summary – Chart on Incremental Growth Exhibit 07: Executive Summary – Data Table on Incremental Growth Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
2.1 Market ecosystem Exhibit 09: Parent market Exhibit 10: Market Characteristics
3 Market Sizing
3.1 Market definition Exhibit 11: Offerings of vendors included in the market definition3.2 Market segment analysis Exhibit 12: Market segments3.3 Market size 20213.4 Market outlook: Forecast for 2021-2026 Exhibit 13: Chart on Global – Market size and forecast 2021-2026 ($ million) Exhibit 14: Data Table on Global – Market size and forecast 2021-2026 ($ million) Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%) Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
4.1 Five forces summary Exhibit 17: Five forces analysis – Comparison between 2021 and 20264.2 Bargaining power of buyers Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 20264.3 Bargaining power of suppliers Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 20264.4 Threat of new entrants Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 20264.5 Threat of substitutes Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 20264.6 Threat of rivalry Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 20264.7 Market condition Exhibit 23: Chart on Market condition – Five forces 2021 and 2026
5 Market Segmentation by Application
5.1 Market segments Exhibit 24: Chart on Application – Market share 2021-2026 (%) Exhibit 25: Data Table on Application – Market share 2021-2026 (%)5.2 Comparison by Application Exhibit 26: Chart on Comparison by Application Exhibit 27: Data Table on Comparison by Application5.3 Hospital and diagnostic centers – Market size and forecast 2021-2026 Exhibit 28: Chart on Hospital and diagnostic centers – Market size and forecast 2021-2026 ($ million) Exhibit 29: Data Table on Hospital and diagnostic centers – Market size and forecast 2021-2026 ($ million) Exhibit 30: Chart on Hospital and diagnostic centers – Year-over-year growth 2021-2026 (%) Exhibit 31: Data Table on Hospital and diagnostic centers – Year-over-year growth 2021-2026 (%)5.4 Blood banks – Market size and forecast 2021-2026 Exhibit 32: Chart on Blood banks – Market size and forecast 2021-2026 ($ million) Exhibit 33: Data Table on Blood banks – Market size and forecast 2021-2026 ($ million) Exhibit 34: Chart on Blood banks – Year-over-year growth 2021-2026 (%) Exhibit 35: Data Table on Blood banks – Year-over-year growth 2021-2026 (%)5.5 Others – Market size and forecast 2021-2026 Exhibit 36: Chart on Others – Market size and forecast 2021-2026 ($ million) Exhibit 37: Data Table on Others – Market size and forecast 2021-2026 ($ million) Exhibit 38: Chart on Others – Year-over-year growth 2021-2026 (%) Exhibit 39: Data Table on Others – Year-over-year growth 2021-2026 (%)5.6 Market opportunity by Application Exhibit 40: Market opportunity by Application ($ million)
6 Customer Landscape
6.1 Customer landscape overview Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
7.1 Geographic segmentation Exhibit 42: Chart on Market share by geography 2021-2026 (%) Exhibit 43: Data Table on Market share by geography 2021-2026 (%)7.2 Geographic comparison Exhibit 44: Chart on Geographic comparison Exhibit 45: Data Table on Geographic comparison7.3 North America – Market size and forecast 2021-2026 Exhibit 46: Chart on North America – Market size and forecast 2021-2026 ($ million) Exhibit 47: Data Table on North America – Market size and forecast 2021-2026 ($ million) Exhibit 48: Chart on North America – Year-over-year growth 2021-2026 (%) Exhibit 49: Data Table on North America – Year-over-year growth 2021-2026 (%)7.4 Europe – Market size and forecast 2021-2026 Exhibit 50: Chart on Europe – Market size and forecast 2021-2026 ($ million) Exhibit 51: Data Table on Europe – Market size and forecast 2021-2026 ($ million) Exhibit 52: Chart on Europe – Year-over-year growth 2021-2026 (%) Exhibit 53: Data Table on Europe – Year-over-year growth 2021-2026 (%)7.5 Asia – Market size and forecast 2021-2026 Exhibit 54: Chart on Asia – Market size and forecast 2021-2026 ($ million) Exhibit 55: Data Table on Asia – Market size and forecast 2021-2026 ($ million) Exhibit 56: Chart on Asia – Year-over-year growth 2021-2026 (%) Exhibit 57: Data Table on Asia – Year-over-year growth 2021-2026 (%)7.6 Rest of World (ROW) – Market size and forecast 2021-2026 Exhibit 58: Chart on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million) Exhibit 59: Data Table on Rest of World (ROW) – Market size and forecast 2021-2026 ($ million) Exhibit 60: Chart on Rest of World (ROW) – Year-over-year growth 2021-2026 (%) Exhibit 61: Data Table on Rest of World (ROW) – Year-over-year growth 2021-2026 (%)7.7 US – Market size and forecast 2021-2026 Exhibit 62: Chart on US – Market size and forecast 2021-2026 ($ million) Exhibit 63: Data Table on US – Market size and forecast 2021-2026 ($ million) Exhibit 64: Chart on US – Year-over-year growth 2021-2026 (%) Exhibit 65: Data Table on US – Year-over-year growth 2021-2026 (%)7.8 Germany – Market size and forecast 2021-2026 Exhibit 66: Chart on Germany – Market size and forecast 2021-2026 ($ million) Exhibit 67: Data Table on Germany – Market size and forecast 2021-2026 ($ million) Exhibit 68: Chart on Germany – Year-over-year growth 2021-2026 (%) Exhibit 69: Data Table on Germany – Year-over-year growth 2021-2026 (%)7.9 Canada – Market size and forecast 2021-2026 Exhibit 70: Chart on Canada – Market size and forecast 2021-2026 ($ million) Exhibit 71: Data Table on Canada – Market size and forecast 2021-2026 ($ million) Exhibit 72: Chart on Canada – Year-over-year growth 2021-2026 (%) Exhibit 73: Data Table on Canada – Year-over-year growth 2021-2026 (%)7.10 China – Market size and forecast 2021-2026 Exhibit 74: Chart on China – Market size and forecast 2021-2026 ($ million) Exhibit 75: Data Table on China – Market size and forecast 2021-2026 ($ million) Exhibit 76: Chart on China – Year-over-year growth 2021-2026 (%) Exhibit 77: Data Table on China – Year-over-year growth 2021-2026 (%)7.11 UK – Market size and forecast 2021-2026 Exhibit 78: Chart on UK – Market size and forecast 2021-2026 ($ million) Exhibit 79: Data Table on UK – Market size and forecast 2021-2026 ($ million) Exhibit 80: Chart on UK – Year-over-year growth 2021-2026 (%) Exhibit 81: Data Table on UK – Year-over-year growth 2021-2026 (%)7.12 Market opportunity by geography Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
8.1 Market drivers8.2 Market challenges8.3 Impact of drivers and challenges Exhibit 83: Impact of drivers and challenges in 2021 and 20268.4 Market trends
9 Vendor Landscape
9.1 Overview9.2 Vendor landscape Exhibit 84: Overview on Criticality of inputs and Factors of differentiation9.3 Landscape disruption Exhibit 85: Overview on factors of disruption9.4 Industry risks Exhibit 86: Impact of key risks on business
10 Vendor Analysis
10.1 Vendors covered Exhibit 87: Vendors covered10.2 Market positioning of vendors Exhibit 88: Matrix on vendor position and classification10.3 Angelantoni Industrie Srl Exhibit 89: Angelantoni Industrie Srl – Overview Exhibit 90: Angelantoni Industrie Srl – Product / Service Exhibit 91: Angelantoni Industrie Srl – Key offerings10.4 ARCTIKO AS Exhibit 92: ARCTIKO AS – Overview Exhibit 93: ARCTIKO AS – Product / Service Exhibit 94: ARCTIKO AS – Key offerings10.5 B Medical Systems Sarl Exhibit 95: B Medical Systems Sarl – Overview Exhibit 96: B Medical Systems Sarl – Product / Service Exhibit 97: B Medical Systems Sarl – Key offerings10.6 Biolog Id Exhibit 98: Biolog Id – Overview Exhibit 99: Biolog Id – Product / Service Exhibit 100: Biolog Id – Key offerings10.7 Cardinal Health Inc. Exhibit 101: Cardinal Health Inc. – Overview Exhibit 102: Cardinal Health Inc. – Business segments Exhibit 103: Cardinal Health Inc. – Key news Exhibit 104: Cardinal Health Inc. – Key offerings Exhibit 105: Cardinal Health Inc. – Segment focus10.8 Haier Biomedical Exhibit 106: Haier Biomedical – Overview Exhibit 107: Haier Biomedical – Product / Service Exhibit 108: Haier Biomedical – Key offerings10.9 IQM AS Exhibit 109: IQM AS – Overview Exhibit 110: IQM AS – Product / Service Exhibit 111: IQM AS – Key offerings10.10 MedSella Exhibit 112: MedSella – Overview Exhibit 113: MedSella – Product / Service Exhibit 114: MedSella – Key offerings10.11 SATO Holdings Corp. Exhibit 115: SATO Holdings Corp. – Overview Exhibit 116: SATO Holdings Corp. – Business segments Exhibit 117: SATO Holdings Corp. – Key news Exhibit 118: SATO Holdings Corp. – Key offerings Exhibit 119: SATO Holdings Corp. – Segment focus10.12 Spacecode SA Exhibit 120: Spacecode SA – Overview Exhibit 121: Spacecode SA – Product / Service Exhibit 122: Spacecode SA – Key offerings
11 Appendix
11.1 Scope of the report11.2 Inclusions and exclusions checklist Exhibit 123: Inclusions checklist Exhibit 124: Exclusions checklist11.3 Currency conversion rates for US$ Exhibit 125: Currency conversion rates for US$11.4 Research methodology Exhibit 126: Research methodology Exhibit 127: Validation techniques employed for market sizing Exhibit 128: Information sources11.5 List of abbreviations Exhibit 129: List of abbreviations
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