Market Overview:
The global real-time location systems (RTLS) in healthcare market is expected to grow at a CAGR of 16.5% from 2018 to 2030. The growth of the RTLS in healthcare market can be attributed to the increasing demand for RTLS solutions from hospitals and healthcare facilities, and senior living applications. Additionally, the growing adoption of RTLS by small and medium-sized hospitals is also contributing to the growth of this market. The global RTLS in healthcare market is segmented on the basis of type, application, and region. On the basis of type, the market is divided into systems and tags. The systems segment accounted for a larger share than tags in 2017 owing to its ability to provide more comprehensive tracking capabilities as compared with tags.
Product Definition:
Real-time location systems (RTLS) are a type of wireless system that uses tags and receivers to track the location of objects or people in real time. RTLS can be used in a variety of industries, but healthcare is one sector where the technology has seen particular growth.
1. Patient safety: One of the primary benefits of RTLS is that it helps to improve patient safety. By tracking patients' movements, hospitals can ensure that they do not stray into dangerous areas or come into contact with harmful equipment. In addition, by monitoring patients' vital signs, doctors and nurses can be alerted quickly if there is a problem.
2. Staff efficiency: Another key benefit of RTLS is that it helps hospital staff to be more efficient. By tracking the whereabouts of staff and equipment, hospitals can ensure that resources are used efficiently and reduce waiting times for patients. Additionally, by providing accurate information about patient locations, hospitals can minimize missed appointments and wasted time searching for patients who have wandered off-site.
Systems:
Systems, it's usage and growth factor in Real Time Location Systems (RTLS) in Healthcare market is expected to witness significant growth over the forecast period. The major drivers for RTLS-based applications are increasing healthcare expenditure and growing need for improved quality of care.
Tags:
RTLS in Healthcare is a new emerging technology that uses radio-frequency identification (RFID) and time-series data to provide real-time location information. It is used for tracking objects or people in real time with the help of tags. Tags are small RFID devices which are surgically implanted on to the body parts of patients such as wrist, ankle or lapel, and also can be placed on any common article such as a backpack, clothing etc.
Application Insights:
Based on application, the global real time location systems in healthcare market is segmented into hospitals & healthcare facilities, senior living and others. The hospitals & healthcare facilities segment dominated the market in 2017 and is expected to maintain its lead over the forecast period. RTLS helps improve patient safety by enabling effective management of resources such as staff and medical devices. Furthermore, it also helps reduce medical errors by providing enhanced visibility across departments of a hospital or a clinic thus making them more efficient.
The RTLS system used in hospitals provides critical information regarding patients¢â‚¬â„¢ movements which enables better decision-making about their treatment procedures thereby enhancing overall efficiency of an organization at reduced costs.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to the presence of a large number of RTLS providers, such as GE Healthcare; Philips; and beacon technology developers, such as Aira Technologies, Inc.; LocationSmart, Inc.; and Skyhook Wireless LLC. Moreover rising demand for location-based services from healthcare applications is expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to increasing government initiatives for improving public health infrastructure coupled with rising patient awareness regarding their medical records. In addition growing adoption of mobile computing devices in this region has resulted in an increase in demand for RTLS solutions deployed at hospitals & healthcare facilities along with pharmacies & clinics thereby driving regional growth over the forecast period.
Growth Factors:
- Increasing demand for real-time location systems in the healthcare sector to improve patient safety and workflow efficiency.
- The growing popularity of RTLS solutions among hospitals and healthcare providers due to the benefits offered such as improved patient care, staff productivity, and asset tracking.
- The increasing number of wireless medical devices that are being used in hospitals which is driving the need for RTLS solutions to manage these devices more effectively.
- Rising concerns over hospital acquired infections (HAIs) and medication errors, which is leading healthcare organizations to adopt RTLS technologies to help address these issues.
Scope Of The Report
Report Attributes
Report Details
Report Title
Real Time Location Systems (RTLS) in Healthcare Market Research Report
By Type
Systems, Tags
By Application
Hospitals & Healthcare Facilities, Senior Living
By Companies
STANLEY Healthcare (US), Zebra Technologies Corporation (US), Decawave, IMPINJ (US), TeleTracking Technologies (US), GE Healthcare, AiRISTA Flow (US), Sonitor Technologies (Norway), Midmark RTLS, Identec Group (Liechtenstein), Aruba Networks (US), CenTrak (US)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
181
Number of Tables & Figures
127
Customization Available
Yes, the report can be customized as per your need.
Global Real Time Location Systems (RTLS) in Healthcare Market Report Segments:
The global Real Time Location Systems (RTLS) in Healthcare market is segmented on the basis of:
Types
Systems, Tags
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals & Healthcare Facilities, Senior Living
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- STANLEY Healthcare (US)
- Zebra Technologies Corporation (US)
- Decawave
- IMPINJ (US)
- TeleTracking Technologies (US)
- GE Healthcare
- AiRISTA Flow (US)
- Sonitor Technologies (Norway)
- Midmark RTLS
- Identec Group (Liechtenstein)
- Aruba Networks (US)
- CenTrak (US)
Highlights of The Real Time Location Systems (RTLS) in Healthcare Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Systems
- Tags
- By Application:
- Hospitals & Healthcare Facilities
- Senior Living
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Real Time Location Systems (RTLS) in Healthcare Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Real-time location systems (RTLS) are a type of technology that can be used to track the movement and location of people or objects in real time. This information can be used to improve patient safety and care, as well as provide other benefits such as increased efficiency and productivity.
Some of the major companies in the real time location systems (rtls) in healthcare market are STANLEY Healthcare (US), Zebra Technologies Corporation (US), Decawave, IMPINJ (US), TeleTracking Technologies (US), GE Healthcare, AiRISTA Flow (US), Sonitor Technologies (Norway), Midmark RTLS, Identec Group (Liechtenstein), Aruba Networks (US), CenTrak (US).
The real time location systems (rtls) in healthcare market is expected to register a CAGR of 16.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Real Time Location Systems (RTLS) in Healthcare Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Real Time Location Systems (RTLS) in Healthcare Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Real Time Location Systems (RTLS) in Healthcare Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Real Time Location Systems (RTLS) in Healthcare Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Real Time Location Systems (RTLS) in Healthcare Market Size & Forecast, 2020-2028 4.5.1 Real Time Location Systems (RTLS) in Healthcare Market Size and Y-o-Y Growth 4.5.2 Real Time Location Systems (RTLS) in Healthcare Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Systems
5.2.2 Tags
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals & Healthcare Facilities
6.2.2 Senior Living
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Real Time Location Systems (RTLS) in Healthcare Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Real Time Location Systems (RTLS) in Healthcare Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Systems
9.6.2 Tags
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals & Healthcare Facilities
9.10.2 Senior Living
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Systems
10.6.2 Tags
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals & Healthcare Facilities
10.10.2 Senior Living
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Systems
11.6.2 Tags
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals & Healthcare Facilities
11.10.2 Senior Living
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Systems
12.6.2 Tags
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals & Healthcare Facilities
12.10.2 Senior Living
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Systems
13.6.2 Tags
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals & Healthcare Facilities
13.10.2 Senior Living
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Real Time Location Systems (RTLS) in Healthcare Market: Competitive Dashboard
14.2 Global Real Time Location Systems (RTLS) in Healthcare Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 STANLEY Healthcare (US)
14.3.2 Zebra Technologies Corporation (US)
14.3.3 Decawave
14.3.4 IMPINJ (US)
14.3.5 TeleTracking Technologies (US)
14.3.6 GE Healthcare
14.3.7 AiRISTA Flow (US)
14.3.8 Sonitor Technologies (Norway)
14.3.9 Midmark RTLS
14.3.10 Identec Group (Liechtenstein)
14.3.11 Aruba Networks (US)
14.3.12 CenTrak (US)