South Korea RFID Blood Monitoring System Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Systems, Tags, Software, and Services), By Application (Blood Banks, Hospitals, Research Laboratories, and Others), and South Korea RFID Blood Monitoring System Market Insights, Industry Trend, Forecasts to 2035

South Korea RFID Blood Monitoring System Market Insights Forecasts to 2035

• The South Korea RFID Blood Monitoring System Market size is Expected to Grow at a CAGR of around 14.3% from 2025 to 2035
• The South Korea RFID Blood Monitoring System Market size is Expected to Hold a Significant Share by 2035

According to a Research Report Published by Spherical Insights & Consulting, the South Korea RFID Blood Monitoring System Market Size is Anticipated to Grow at a CAGR of 14.3% from 2025 to 2035. The market is driven by increasing demand for transfusion safety, regulatory compliance, real-time inventory tracking, and efficient cold-chain monitoring in hospitals and blood banks.

Market Overview

The South Korea RFID blood monitoring system market means the use of radio-frequency identification technologies including RFID tags, readers, software, and integrated services, which are used to track, monitor, and manage blood products through the entire transfusion cycle. RFID systems that use RFID tags, barcode technology or other identifiers work to ensure accurate identification of blood products at every stage, provide real-time visibility of inventory including temperatures throughout the collection, storage, distribution and bedside administration phases, and to produce real-time report or protocol data when implementing a blood transfusion. The overall momentum in RFID blood tracking and monitoring market is well underway in South Korea particularly with the aims of transfusion safety, minimizing human errors, and compliance to regulatory frameworks around blood product traceability. Hospitals and Blood banks are looking more to their RFID blood tracking solutions due to the efficiencies they deliver, the reduction of waste and the guarantee of greater patient outcomes following a transfusion. Furthermore, due to advancements in RFID sensors and the integration of RFID systems into hospital information systems, pilot projects are underway in some Korean healthcare systems as the uptake slowly ramps up with steady market growth.

Report Coverage

This research report categorizes the market for the South Korea RFID blood monitoring system market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea RFID blood monitoring system market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea RFID blood monitoring system market.

Driving Factors

The South Korea RFID blood monitoring system market is driven by the increasing emphasis on transfusion safety, prevention of errors, and compliance with rigorous regulatory guidelines. Demand for almost real-time blood inventory monitoring, cold-chain monitoring, and tracking of blood products from collection to bedside is further fuelling the adoption of this technology. Finally, technological developments in RFID sensors, and their integration with hospital information systems is further assisting with industry expansion.

Restraining Factors

The South Korea RFID blood monitoring system market faces restraints that include the cost of investment in RFID infrastructure, integration with existing hospital information systems, and data security. In addition, limited awareness and technical capabilities in smaller hospitals will restrict widespread usage

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Market Segmentation

The South Korea RFID blood monitoring system market share is classified into product type and application.

• The systems segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea RFID blood monitoring system market is segmented by product type into systems, tags, software, and services. Among these, the systems segment held the largest share in 2024 and is expected to grow at a significant CAGR during the forecast period. Systems allow real-time tracing and monitoring of blood products located in hospitals, blood banks, and laboratories. Each blood bag has a corresponding tag for labeling. Software is used to manage data collection and data integration with its hospital information system. Services include installation and technical support.

• The blood banks segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea RFID blood monitoring system market is segmented by application into blood banks, hospitals, research laboratories, and others. Among these, the blood banks segment dominated the market share in 2024 and is expected to grow at a significant CAGR during the forecast period. Blood banks demand accurate inventory approaches and appropriate storage methods for blood products. Hospitals use RFID as part of their real-time transfusion tracking, research laboratories efficiently track and monitor samples, and other healthcare facilities use RFID to enhance blood monitoring and speed up compliance processing.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea RFID blood monitoring system market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

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

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea RFID blood monitoring system market based on the below-mentioned segments:

South Korea RFID Blood Monitoring System Market, By Product Type

• Systems
• Tags
• Software
• Services

South Korea RFID Blood Monitoring System Market, By Application

• Blood Banks
• Hospitals
• Research Laboratories
• Others