The Asia Pacific RTLS for Healthcare market is expected to reach US$ 1,158.78 Mn by 2027 from US$ 281.06 Mn in 2019. The market is estimated to grow at a CAGR of 19.4% from 2020 to 2027.
The rise of the RTLS for Healthcare market is driven by factors such as the rise in the rising number of smartphone & tablet users, partnerships between RTLS players and hospitals, and the presence of supportive government policies. Restraining factor such as privacy & data security issues associated with RTLS is likely to have negative impact on the growth of the market in the coming years.
In order to cater culturally and financially divers’ number of patients in Asia pacific region, the Asia Pacific countries are adopting technologies such as Internet of Things (IoT) for the healthcare industry. The Asia Pacific Healthcare IoT is growing rapidly as health care providers leverage technologies to increase efficiency. There are many applications of the technologies that drive the healthcare industry. Technologies such as Real-Time Location Systems (RTLS), are helping the healthcare providers to provide better and improved care to their patients.
RTLS provides optimal alignment of assets, staff, and patients, efficiency, productivity, capacity, and throughput can increase by helping healthcare facilities while decreasing waste and unnecessary costs. Simple, web-based RTLS provide pinpoint accuracy of people and items. This can help to easily diagnosed, updated, and reconfigured remotely.
Through these web-based solutions, system management can also be administered directly by the RTLS providers, whom health care companies can contract to provide 24/7/365 customer and technical support via local and remote system monitoring. In this way, the RTLS companies can directly perform remote diagnostics and remote configuration with their own teams of technical personnel. Such combinations of new software monitoring systems and expert RTLS remote supervision gives healthcare providers confidence that this IoT can be professionally supported and maintained.
Japan is expected to dominate the market in the Asia Pacific region, owing to the growing geriatric population and rising number of innovations in healthcare. Hence, considering the mentioned factors, the RTLS for Healthcare market is expected to grow at a significant pace in the Japan during the forecast period.
Japan Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
ASIA PACIFIC RTLS FOR HEALTHCARE - MARKET SEGMENTATION
Asia Pacific RTLS for Healthcare - By Technology
- RFID
- Wi-Fi
- Bluetooth
- GPS
- UWB
- Others
Asia Pacific RTLS for Healthcare - By Facility Type
- Hospitals and Healthcare Facilities
- Senior Living Centers
Asia Pacific RTLS for Healthcare - By Application
- Inventory and Asset Tracking
- Patient and Staff Tracking
- Access Control and Security
- Environment Monitoring
- Supply Chain Management and Operation Automation
- Others
Asia Pacific RTLS for Healthcare - By Geography
Asia Pacific
- Japan
- China
- India
- South Korea
- Australia
Company Profiles
- Centrak
- IMPINJ
- Intelligent Insites
- Hewlett Packard
- Enterprise Development LP (Aruba)
- Midmark Corporation
- Sanitag
- Sonitor Technologies
- Stanley Healthcare
- Teletracking Technologies, Inc.
- Zebra technology Cor.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Technology, Facility Type, Application and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Australia, China, Japan, South Korea
The List of Companies - Asia Pacific RTLS for Healthcare Market
- Centrak
- IMPINJ
- Intelligent Insites
- Hewlett Packard
- Enterprise Development LP (Aruba)
- Midmark Corporation
- Sanitag
- Sonitor Technologies
- Stanley Healthcare
- Teletracking Technologies, Inc.
- Zebra technology Cor.
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Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
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- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
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