South Korea RFID Blood Monitoring System Market

South Korea RFID Blood Monitoring System Market Size Report – In a Glance

As per the survey report on South Korea RFID blood monitoring system market, the market is expected to foresee a CAGR value of 14.4% during 2025-2035, and further generate a market size of USD XX billion by the end of 2035. In 2025, the market size was value at USD XX billion revenue.

• The South Korea RFID blood monitoring system market’s growth is driven by increasing demand for blood transfusion safety.
• KDMI analyst’s growth analysis foresees digitalization and government-backed smart hospitals as the growth drivers for South Korea RFID blood monitoring system market.

South Korea RFID Blood Monitoring System Market Analysis

The RFID blood monitoring system refers to radio-frequency identification of blood bags throughout the blood supply chain, from donated blood bags. This system attaches RFID tags to each blood bag, and perform real-time monitoring of blood condition. RFID blood monitoring system provides accurate, automated inventory management and enhances patient’s safety. The South Korea RFID blood monitoring system market growth is driven by increasing demand for blood transfusion safety and patient’s health safety which enhances inventory management system of hospitals and blood banks. According to The Korean Journal of Blood Transfusion, in 2023, the blood donations from registered donors at the Korean Red Cross Blood Centers accounted for 72.6%, in which most donors were aged between 15-20s. The growing awareness about blood transfusion safety among youngsters, the demand for RFID monitoring system rises significantly. Fresenius Kabi USA LLC, Cerner Corporation, and Terso Solutions Inc are some of the significant participants in the South Korea RFID blood monitoring system market.

South Korea RFID Blood Monitoring System Market Growth Drivers and Restraints

Growth Drivers

• Increasing emphasis on blood safety and traceability in healthcare facilities – The South Korean RFID blood monitoring system market growth is driven by the adoption of advancement in healthcare market. The South Korean healthcare centers are experiencing growing demand for secure blood supply chains as there is a rising requirement for blood transfusion during surgical procedures trauma cases, and chronic illness. Tradition systems lack efficiency such as human errors, real-time monitoring, and complications in managing large volumes of blood units. With the integration of innovation in healthcare industry, RFID technology has overcome these challenges and offer high-level accuracy, automated, and real-time tracking system for every blood unit including blood donor, collection, testing, and storage. This system helps to reduce the risk of mismatched transfusions, which can be life-threatening and also ensures enhanced patient safety in the country.
• Digitalization and government-backed smart hospitals – South Korea is the top country in adopting digitalization in every sector of economy including healthcare, where digital technology is integrated in electronic health recording systems, Internet of Things (IoT) support, and automated machines, which drives the demand for RFID blood monitoring system. RFID-based monitoring systems offer seamless solutions in managing blood units with the integration of IT systems into healthcare centers and help medical professionals to offer high-level safety. Government support in developing smart hospitals, results in rising demand for advanced and effective solutions at affordable prices. Supportive policies emphasize organizations to invest in R&D programs to boost healthcare industry in the market.

Restraints

• High investment costs – The market restraints due to high investment costs in developing RFID infrastructure with highly-effective features integration. Improvement and enhancement of blood unit management is a complex procedure, and for that healthcare centers are required to invest in research and development to integrate system that is highly effective and impactful on the basis of requirement. RFID infrastructure development also requires investment for tags, readers, and software systems, which can be a greater challenge for small and medium-sized hospitals and clinics, limiting the market growth.

South Korea RFID Blood Monitoring System Market Segmentation

Our experts at KD Market Insights have segmented the South Korea RFID Blood Monitoring System market research report as:

South Korea RFID Blood Monitoring System Market Competitive Landscape

Some of the significant participants who top the South Korea RFID blood monitoring system market share:

• Fresenius Kabi USA, LLC
• Cerner Corporation
• Honeywell International Inc
• LogiTag Systems Ltd
• Terso Solutions, Inc
• SATO Holdings Corporation
• Zebra Technologies Corporation
• Stanley Healthcare