Report : RTLS for Healthcare Market to 2027 - Global Analysis and Forecasts by Technology (RFID, Wi-Fi, Bluetooth, GPS, UWB, Others); Facility Type (Hospitals and Healthcare Facilities, Senior Living); Application (Inventory and Asset Tracking, Patient and Staff Tracking, Access Control and Security, Environment Monitoring, Supply Chain Management and Operation Automation, Others) and Geography
Inventory & asset tracking segment is expected to grow the market for RTLS for healthcare over the forecast period for end user segment.
According to The Insight Partners market research study titled ‘RTLS for healthcare Market to 2027 – Global Analysis and Forecasts by Technology, Facility Type and Application.’ The global RTLS for healthcare market is expected to reach US$ 6,384.45 Mn in 2027 from US$ 1,455.73 Mn in 2018. The market is estimated to grow with a CAGR of 18.6% from 2019-2027. The report highlights the trends prevalent in the global RTLS for healthcare market and the factors driving the market along with those that act as deterrents to its growth.
Global RTLS for healthcare market, based on the application, was segmented as, inventory and asset tracking, patient and staff tracking, access control and security, environment monitoring, supply chain management and operation automation and others. In 2018, inventory and asset tracking held the largest share of the market, by application. In addition, the segment is also anticipated to grow at a significant rate during the forecast period. The benefits such as RTLS can automate inventory control, and thus this reduces the physically managing inventory which are labor-intensive, costly, and time-consuming these factors are anticipated to lead to the growth of the segment during the forecast period.
The market for RTLS for healthcare is expected to grow, owing to factors such as Benefits associated with RTLS system like it helps to reduce operation cost, managing hospital assets and patient tracking system is likely to have a positive impact on the growth of the market in the coming years.
The major players operating in the RTLS for healthcare market include, CenTrak, Impinj, Inc., Intelligent InSites, Aruba (Hewlett Packard Enterprise Development LP), Midmark Corporation, Sanitag, Sonitor Technologies, Stanley Healthcare and Teletracking Technologies among the others. The market has witnessed various organic as well as inorganic developments during recent years in the RTLS for healthcare market. For instance, in July 2018, Zebra Technologies Corporation, the market leader in rugged mobile computers, barcode scanners and barcode printers enhanced with software and services to enable real-time enterprise visibility, announced two new healthcare barcode printing solutions that can identify patients and specimens at the point of care.
Global RTLS for healthcare Market, By Regions, 2018 (%)
The report segments the Global RTLS for healthcare Market as follows:
Global RTLS for healthcare Market – By Geography
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