Market study on RTLS
market for healthcare (real-time locating systems) is
offers detailed and insightful information on major regional
markets and related sub-markets. The RTLS market for healthcare is expected to
grow from USD 1,271.2 million in 2018 to USD 2,941.2 million by 2023, at a CAGR
of 18.3% during the forecast period.
Download Brochure of RTLS Market for Healthcare spread across 181
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Key Target Audience:
- RTLS hardware providers
- RTLS software providers
- RTLS-related service providers
- RTLS-related associations, healthcare organizations, forums, and alliances
- OEM/ODMs, foundries, and semiconductor component suppliers
- RTLS distributors and sales firms
- RTLS end users
- Government bodies such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and startup companies
- Research institutes, organizations, and consulting companies
STANLEY Healthcare (US), Zebra
Technologies Corporation (US), Aruba Networks (Hewlett Packard Enterprise, US),
IMPINJ (US), Tele Tracking Technologies (US), CenTrak (US), AiRISTA Flow (US),
Sonitor Technologies (Norway), Versus Technology (US), and Identec Group
(Liechtenstein) are the major players in the RTLS market for healthcare. A few
key innovators considered in the RTLS market for healthcare are DecaWave
(Ireland), Redpine Signals (US), Sanitag (Turkey), Mojix (US), and Intelligent
InSites (US), while Cerner Corporation (US), GE Healthcare (US), Secure Care
Products (US), Borda Technology (Turkey), Cetani Corp. (US) are a few other
prominent players in the RTLS market for healthcare.
Get More Information on RTLS market for healthcare (real-time
locating systems) with Forecast, Analysis, Trends and Company Profiles
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The increased competitiveness in
the market with the emergence of startups providing innovative and customized
RTLS solutions based on newer technologies is one of the major factors fueling
the growth of the RTLS market for healthcare. Other factors driving the market
growth include safety and security concerns in healthcare facilities and high
return on investment. Factors restraining the market growth include concerns
regarding data security and privacy, unsatisfactory results and negative
feedback from RTLS end users, and the high cost of acquisition and maintenance.
“Senior living facilities to register a
higher growth in the RTLS market for healthcare during the forecast period”
Resident’s safety and comfort are top
priorities of senior living facilities. Many such facilities adopt RTLS for
improving the experience of residents and increasing operational efficiency.
RTLS, in combination with wearable sensors or tags/badges, can assist with
situations that are potentially harmful to patients/residents, such as patient
wandering and access to unauthorized or sensitive areas. The market for senior
living facilities segment is expected to witness a surge in demand during the
forecast period, especially from the US and European countries.
“North America to hold the largest
share of the RTLS market for healthcare during the forecast period”
North America, being technologically
advanced and developed, is a leading market for cutting-edge technologies that
are used in the real-time tracking applications. North America is one of the
largest contributors to the RTLS market for healthcare owing to the healthcare
revolution in the region. The reason for the dominance of the US in North
America is its well-established economy, which allows for investments in new
technologies. The rapid adoption of RTLS solutions for several applications is
also contributing to the largest share of North America in the RTLS market for
healthcare.
In the process of determining and
verifying the market size for several segments and subsegments gathered through
secondary research, extensive primary interviews have been conducted with key
experts. Following is the breakup of the profile of primary participants:
- By Company Type: Tier 1= 15%, Tier 2= 25%,and Tier 3= 60%
- By Designation: C-Level Executives= 60%, Directors= 30%, and Others= 10%
- By Region: North America= 50%, Europe= 25%, APAC= 20%, and RoW=5%
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