The North America RTLS for healthcare market was valued US$ 689.83 Mn in the year 2018 and is expected to reach US$ 3,090.08 Mn by 2027 growing at a CAGR of 18.9% over the forecast period.
The growth is characterized by benefits associated with rtls system and increased market competitiveness with the emergence of start-ups.
Many startups companies across the globe are entering into productions or manufacturing of RTLS systems. This has enabled market competitiveness. Moreover, this has increased the market competition, and companies are providing innovative and customized RTLS solutions for all different sectors. From 2014 to 2017, 6 startups have been started across globe for providing RTLS. For instance, Pozyx Labs, the private company was founded in the year 2015, Pozyx ultra-wideband (UWB) is the hardware/software RTLS solution which provides accurate positioning and motion information with sub-meter accuracy of 10 cm. Similarly, the Czech Republic-based Sewio Networks Company was founded in 2014, it provides RTLS hardware and software which are required to gain accurate and actionable data and be more productive, cost-effective and safe. The UK based Proxicon Limited, is the startup founded in the year 2015.
In addition, during the year 2016 to 2019, various companies have made organic and inorganic growth strategies in the market there are operating. Some of the activities undertaken by the company, which have promoted its growth are product launches, acquisition, and partnership. The organic development strategy has been implemented widely that has helped the growth of the companies and in turn, have brought about various changes in the market. For instance, in July 2018, Zebra Technologies Corporation announced two new healthcare barcode printing solutions that can identify patients and specimens at the point of care.
The US RTLS for Healthcare market is expected to grow at highest rate during the forecast period. The growth of this market is primarily driven by benefits associated with RTLS system and increasing start-ups in industry. The market is also experiencing the increasing usage of smartphones, tablets & pads to boost adoption of solutions that are likely to drive the growth of the market.
US RTLS for Healthcare market Revenue and Forecasts to 2027 (US$ Mn)
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NORTH AMERICA RTLS FOR HEALTHCARE MARKET– MARKET SEGMENTATION
North America RTLS for Healthcare Market – By Technology
- RFID
- Wi-Fi
- Bluetooth
- GPS
- UWB
- Others
North America RTLS for Healthcare Market – By Facility Type
- Hospitals and Healthcare Facilities
- Senior Living
North America RTLS for Healthcare Market – By Application
- Inventory and Asset Tracking
- Patient and Staff Tracking
- Access Control and Security
- Environment Monitoring
- Supply Chain Management and Operation Automation
- Others
By Geography
North America
- US
- Canada
- Mexico
Company Profiles
- CenTrak
- Impinj, Inc.
- Intelligent InSites
- Aruba (Hewlett Packard Enterprise Development LP)
- Midmark Corporation
- Sanitag
- Sonitor Technologies
- STANLEY Healthcare
- Teletracking Technologies, Inc.
- Zebra Technologies Corp.
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
US, Canada
1. Introduction. 12
1.1 Scope of the Study. 12
1.2 The Insight Partners Research Report Guidance. 12
1.3 Market Segmentation. 13
1.3.1 North America RTLS for Healthcare Market – By Technology. 14
1.3.2 North America RTLS for Healthcare Market – By Facility Type. 15
1.3.3 North America RTLS for Healthcare Market – By Application. 15
1.3.4 North America RTLS for Healthcare Market – By Geography. 15
2. North America RTLS For Healthcare Market – Key Takeaways. 16
3. Research Methodology. 19
3.1 Coverage. 20
3.2 Secondary Research. 20
3.3 Primary Research. 20
4. North America RTLS for Healthcare – Market Landscape. 21
4.1 Overview.. 21
4.2 PEST Analysis. 21
4.2.1 North America– PEST Analysis. 21
4.3 Expert Opinions. 21
5. North America RTLS for Healthcare Market – Key Industry Dynamics. 22
5.1 Key Market Drivers. 22
5.1.1 Benefits Associated With RTLS System... 22
5.1.2 Increased Market Competitiveness With the Emergence of Start-ups. 23
5.2 Key Market Restraints. 23
5.2.1 Data Security and Privacy Concerns Associated With RTLS. 23
5.3 Key Market Opportunities. 24
5.3.1 Increasing Usage Of Smartphones, Tablets & Pads To Boost Adoption Of Solutions. 24
5.4 Future Trends. 24
5.4.1 Increasing Usage of IoT Technology in Healthcare Industries. 24
5.5 Impact Analysis. 25
6. RTLS for Healthcare Market – North America Analysis. 26
6.1 North America RTLS For Healthcare Market Revenue Forecast And Analysis. 26
6.2 Positioning Of Key Players. 26
7. North America RTLS For Healthcare Market Analysis– by Technology. 27
7.1 Overview.. 27
7.2 North America RTLS for Healthcare Market, By Technology 2018 & 2027 (%) 27
7.3 RFID Market 28
7.3.1 Overview.. 28
7.3.2 North America RFID Market Revenue and Forecasts to 2027 (US$ Mn) 28
7.4 Wi-Fi Market 29
7.4.1 Overview.. 29
7.4.2 North America Wi-Fi Market Revenue and Forecasts to 2027 (US$ Mn) 29
7.5 Bluetooth Market 30
7.5.1 Overview.. 30
7.5.2 North America Bluetooth Market Revenue and Forecasts to 2027 (US$ Mn) 30
7.6 GPS Market 31
7.6.1 Overview.. 31
7.6.2 North America GPS Market Revenue and Forecasts to 2027 (US$ Mn) 31
7.7 UWB Market 32
7.7.1 Overview.. 32
7.7.2 North America UWB Market Revenue and Forecasts to 2027 (US$ Mn) 32
7.8 Others Market 33
7.8.1 Overview.. 33
7.8.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn) 33
8. North America RTLS For Healthcare Market Analysis– by Facility Type. 34
8.1 Overview.. 34
8.2 North America RTLS for Healthcare Market, By Technology 2018 & 2027 (%) 34
8.3 Hospitals & Healthcare Facilities Market 35
8.3.1 Overview.. 35
8.3.2 North America Hospitals & Healthcare Facilities Market Revenue and Forecasts to 2027 (US$ Mn) 35
8.4 Senior Living Market 36
8.4.1 Overview.. 36
8.4.2 North America Senior Living Market Revenue and Forecasts to 2027 (US$ Mn) 36
9. North America RTLS For Healthcare Market Analysis – by Application. 37
9.1 Overview.. 37
9.2 North America RTLS for Healthcare Market, By Technology 2018 & 2027 (%) 37
9.3 Inventory and Asset Tracking. 38
9.3.1 Overview.. 38
9.3.2 North America Inventory and Asset Tracking Market Revenue and Forecast to 2027 (US$ Mn) 38
9.4 Patient and Staff Tracking. 39
9.4.1 Overview.. 39
9.4.2 North America Patient and Staff Tracking Market Revenue and Forecast to 2027 (US$ Mn) 39
9.5 Access Control and Security Market 40
9.5.1 Overview.. 40
9.5.2 North America Access Control and Security Market Revenue and Forecasts to 2027 (US$ Mn) 40
9.6 Environment Monitoring Market 41
9.6.1 Overview.. 41
9.6.2 North America Environment Monitoring Market Revenue and Forecasts to 2027 (US$ Mn) 41
9.7 Supply Chain Management and Operation Automation Market 42
9.7.1 Overview.. 42
9.7.2 North America Supply Chain Management and Operation Automation Market Revenue and Forecasts to 2027 (US$ Mn) 42
9.8 Others Market 43
9.8.1 Overview.. 43
9.8.2 North America Others Market Revenue and Forecasts to 2027 (US$ Mn) 43
10. RTLS for Healthcare Market Revenue and Forecasts to 2027 – Country Analysis. 44
10.1 North America RTLS for healthcare Market 44
10.1.1 Overview.. 44
10.1.2 North America RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 45
10.1.3 North America RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 45
10.1.4 North America RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 46
10.1.5 North America RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 46
10.1.6 North America RTLS for Healthcare Market Revenue and Forecasts to 2027, By Country (%) 47
10.1.7 US RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 48
10.1.7.1 US RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 48
10.1.7.2 US RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 49
10.1.7.3 US RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 49
10.1.7.4 US RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 50
10.1.8 Canada RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 51
10.1.8.1 Canada RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 51
10.1.8.2 Canada RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 52
10.1.8.3 Canada RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 52
10.1.8.4 Canada RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 53
10.1.9 Mexico RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 54
10.1.9.1 Mexico RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 54
10.1.9.2 Mexico RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 55
10.1.9.3 Mexico RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 55
10.1.9.4 Mexico RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 56
11. RTLS for Healthcare Market– Industry Landscape. 57
11.1 Overview.. 57
11.2 Growth Strategies in the RTLS for Healthcare Market, 2016-2019. 57
11.3 Organic Growth Strategies. 57
11.3.1 Overview.. 57
11.3.1.1 Recent Organic Developments By Players In The RTLS for Healthcare Market 58
11.4 Inorganic Growth Strategies. 59
11.4.1 Overview.. 59
11.4.1.1 Recent Inorganic Developments By Players In The RTLS for Healthcare Market 59
12. RTLS for Healthcare Market–Key Company Profiles. 60
12.1 CenTrak. 60
12.1.1 Key Facts. 60
12.1.2 Business Description. 60
12.1.3 Financial Overview.. 61
12.1.4 Services/Product Portfolio. 61
12.1.5 SWOT Analysis. 61
12.1.6 Key Developments. 61
12.2 Impinj, Inc. 62
12.2.1 Key Facts. 62
12.2.2 Business Description. 62
12.2.3 Financial Overview.. 63
12.2.4 Services/Product Portfolio. 63
12.2.5 SWOT Analysis. 63
12.2.6 Key Developments. 64
12.3 Intelligent InSites. 65
12.3.1 Key Facts. 65
12.3.2 Business Description. 65
12.3.3 Financial Overview.. 65
12.3.4 Services/Product Portfolio. 65
12.3.5 SWOT Analysis. 66
12.3.6 Key Developments. 66
12.4 Aruba (Hewlett Packard Enterprise Development LP) 67
12.4.1 Key Facts. 67
12.4.2 Business Description. 67
12.4.3 Financial Information. 68
12.4.4 Services/Product Portfolio. 68
12.4.5 SWOT Analysis. 69
12.4.6 Key Developments. 69
12.5 Midmark Corporation. 70
12.5.1 Key Facts. 70
12.5.2 Business Description. 70
12.5.3 Financial Information. 70
12.5.4 Services/Product Portfolio. 70
12.5.5 SWOT Analysis. 71
12.5.6 Key Developments. 71
12.6 Sanitag. 72
12.6.1 Key Facts. 72
12.6.2 Business Description. 72
12.6.3 Financial Information. 72
12.6.4 Services/Product Portfolio. 72
12.6.5 SWOT Analysis. 73
12.6.6 Key Developments. 73
12.7 Sonitor Technologies. 74
12.7.1 Key Facts. 74
12.7.2 Business Description. 74
12.7.3 Financial Overview.. 74
12.7.4 Services/Product Portfolio. 74
12.7.5 SWOT Analysis. 75
12.7.6 Key Developments. 75
12.8 STANLEY Healthcare. 76
12.8.1 Key Facts. 76
12.8.2 Business Description. 76
12.8.3 Financial Overview.. 76
12.8.4 Services/Product Portfolio. 76
12.8.5 SWOT Analysis. 77
12.8.6 Key Developments. 77
12.9 Teletracking Technologies, Inc. 78
12.9.1 Key Facts. 78
12.9.2 Business Description. 78
12.9.3 Financial Overview.. 78
12.9.4 Product portfolio. 78
12.9.5 SWOT Analysis. 79
12.9.6 Key Developments. 79
12.10 Zebra Technologies Corp. 80
12.10.1 Key Facts. 80
12.10.2 Business Description. 80
12.10.3 Financial Overview.. 81
12.10.4 Product portfolio. 81
12.10.5 SWOT Analysis. 82
12.10.6 Key Developments. 82
13. Appendix. 83
13.1 About The Insight Partners. 83
13.2 Glossary of Terms. 83
LIST OF TABLES
Table 1. North America RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 45
Table 2. North America RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 46
Table 3. North America RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 46
Table 4. US RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 49
Table 5. US RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 49
Table 6. US RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 50
Table 7. Canada RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 52
Table 8. Canada RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 52
Table 9. Canada RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 53
Table 10. Mexico RTLS for Healthcare Market Revenue And Forecasts to 2027, By Technology (US$ Mn) 55
Table 11. Mexico RTLS for Healthcare Market Revenue And Forecasts to 2027, By Facility Type (US$ Mn) 55
Table 12. Mexico RTLS for Healthcare Market Revenue And Forecasts to 2027, By Application (US$ Mn) 56
Table 13. Recent Organic Developments in the RTLS for Healthcare Market 58
Table 14. Recent Inorganic Developments By Players In The RTLS for Healthcare Market 59
Table 15. Glossary of Terms, RTLS for Healthcare Market 83
LIST OF FIGURES
Figure 1. RTLS for Healthcare Market Segmentation. 13
Figure 2. RTLS for healthcare Market Segmentation, by Region. 14
Figure 3. North America RTLS For Healthcare Market Overview.. 16
Figure 4. Ultra-Wide Band (UWB) Segment Held Largest Share Of RTLS For Healthcare Market in 2018. 17
Figure 5. RTLS For Healthcare Market in the United States To Grow at Remarkable Rate During Forecast Period. 17
Figure 6. North America RTLS For Healthcare Market – Industry Landscape. 18
Figure 7. North America PEST Analysis. 21
Figure 8. Different Types of Tracking Tags. 22
Figure 9. North America RTLS for Healthcare Market Impact Analysis Of Driver And Restraints. 25
Figure 10. North America RTLS For Healthcare Market, Revenue Forecast And Analysis (2018–2027) 26
Figure 11. Market Positioning Of Key Player In North America RTLS for Healthcare Market 26
Figure 12. North America RTLS for Healthcare Market, By Technology 2018 & 2027 (%) 27
Figure 13. North America RFID Market Revenue and Forecasts to 2027 (US$ Mn) 28
Figure 14. North America Wi-Fi Market Revenue and Forecasts to 2027 (US$ Mn) 29
Figure 15. North America Bluetooth Market Revenue and Forecasts to 2027 (US$ Mn) 30
Figure 16. North America GPS Market Revenue and Forecasts to 2027 (US$ Mn) 31
Figure 17. North America UWB Market Revenue and Forecasts to 2027 (US$ Mn) 32
Figure 18. North America Others Market Revenue and Forecasts to 2027 (US$ Mn) 33
Figure 19. North America RTLS for Healthcare Market, by Technology 2018 & 2027 (%) 34
Figure 20. North America Hospitals & Healthcare Facilities Market Revenue and Forecasts to 2027 (US$ Mn) 35
Figure 21. North America Senior Living Market Revenue and Forecasts to 2027 (US$ Mn) 36
Figure 22. North America RTLS for Healthcare Market, By Technology 2018 & 2027 (%) 37
Figure 23. North America Inventory and Asset Tracking Market, Revenue and Forecast to 2027 (US$ Mn) 38
Figure 24. North America Patient and Staff Tracking Market, Revenue and Forecast to 2027 (US$ Mn) 39
Figure 25. North America Access Control and Security Market Revenue and Forecasts to 2027 (US$ Mn) 40
Figure 26. North America Environment Monitoring Market Revenue and Forecasts to 2027 (US$ Mn) 41
Figure 27. North America Supply Chain Management and Operation Automation Market Revenue and Forecasts to 2027 (US$ Mn) 42
Figure 28. North America Others Market Revenue and Forecasts to 2027 (US$ Mn) 43
Figure 29. North America RTLS for Healthcare Market Revenue, by Country, 2018 (US$ Mn) 44
Figure 30. North America RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 45
Figure 31. North America RTLS for Healthcare Market Revenue and Forecasts to 2027, By Country (%) 47
Figure 32. US RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 48
Figure 33. Canada RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 51
Figure 34. Mexico RTLS for Healthcare Market Revenue and Forecasts to 2027 (US$ Mn) 54
Figure 35. Growth Strategies in the RTLS for Healthcare Market, 2016-2019. 57
The List of Companies
- CenTrak
- Impinj, Inc.
- Intelligent InSites
- Aruba (Hewlett Packard Enterprise Development LP)
- Midmark Corporation
- Sanitag
- Sonitor Technologies
- STANLEY Healthcare
- Teletracking Technologies, Inc.
- Zebra Technologies Corp.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
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.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 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.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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