Report : US RTLS for Healthcare Market Forecast to 2027 - COVID-19 Impact and Country Analysis 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)
UWB Segment by Technology Lead US RTLS for Healthcare Market Growth during 2020–2027
According to our new market research study of “US RTLS for Healthcare Forecast to 2027 - COVID-19 Impact and Analysis by Technology, Facility Type, and Application,” the market is projected to reach US$ 2,346.82 million by 2027 from US$ 574.76 million in 2019; it is expected to grow at a CAGR of 19.2% from 2020 to 2027. The report highlights trends prevailing in the US RTLS for healthcare market and the factors driving market along with those hindering it.
Based on technology, the US RTLS for healthcare market is segmented into RFID, Wi-Fi, UWB, bluetooth, GPS, and others. In 2019, the RFID segment held the largest share of the market, and is expected to remain dominant during the forecast period. Moreover, UWB is expected to grow faster over the forecasted years. The growth of the market for this segment is because as it is the gold standard used to obtain precise location. Ultra wide-band RTLS technology deploys small, low-powered tags that send an ultra-wide-band signal, which uses a spark-gap-style transmitter. This instant burst of energy produces an extensive signal and transfers across the gigahertz of the spectrum. Moreover, this is the most accurate RTLS technology and enables precise indoor positioning in the healthcare facility. Due to its accuracy in indoor positioning, the UWB market is expected to witness rapid growth during the forecast period.
The advantages of RTLS in healthcare and increasing adoption of RTLS in healthcare are the major enablers of the growth US RTLS for Healthcare market. However, the data security and privacy concerns associated with RTLS is the major factor hindering its market growth.
i-CenTrak; Impinj, Inc; Intelligent InSites; Aruba (Hewlett Packard Enterprise Development LP); Midmark Corporation; Sanitag; Sonitor Technologies; STANLEY Healthcare; Teletracking Technologies, Inc., and Zebra Technologies Corp are among the leading companies operating in the US RTLS for Healthcare market.
The report segments in US RTLS for Healthcare market as follows: