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.
Real time location systems (RTLS) have become the foundation for applications that boost efficiency, productivity, and safety in every industry. RTLS helps employees to focus on activities that bring more value to the organization. It enables us to locate and track assets accurately, and people allow processes to be optimized. This insight viewed through a digital prism the development of digital transformation, many options and standards have appeared. Bluetooth, LTE, UWB, and Zigbee provide a great service to businesses despite using different methods. The low cost of the Bluetooth LE tags technology makes it applicable in settings where these advanced systems not have been otherwise feasible. Moreover, Wi-Fi RTLS technology is more accurate than proximity-based RTLS options as Wi-Fi RTLS uses time-of-flight measurements, which has a relatively wide bandwidth. Also, GPS RTLS technology enables hospitals to track the assets that leave the hospital premises, these devices can be operated for an extended time without the requirement of external power.
In 2018, the Ultra-Wide Band (UWB) segment accounted for the largest market share of the North America RTLS for Healthcare market. The UWB RTLS software receives signals from the tags that are attached to the hospital assets and then produces critical analytics, executive dashboards, alerts, reports, to help healthcare practitioners increase their efficiency and productivity. Thus due to its accuracy in indoor positioning the UWB market is expected to witness rapid growth during the forecast period.
Similarly, hospitals & healthcare facilities segment led the market in 2018, contributing a market share high market share and is expected to retain its dominance during the forecast period from 2019 to 2027. Additionally, in 2018 inventory and asset tracking market by application is expected to have largest market share and hightes growth rate in the forecast period.
Some of the major primary and secondary sources for RTLS for healthcare market included in the report are, Centers of Disease Control and Prevention, Department of Industrial Policy and Promotion, General Data Protection Regulation, World Health Organization, US Food and Drug Administration, among others.
Reasons to Buy:
Real time location systems (RTLS) have become the foundation for applications that boost efficiency, productivity, and safety in every industry. RTLS helps employees to focus on activities that bring more value to the organization. It enables us to locate and track assets accurately, and people allow processes to be optimized. This insight viewed through a digital prism the development of digital transformation, many options and standards have appeared. Bluetooth, LTE, UWB, and Zigbee provide a great service to businesses despite using different methods. The low cost of the Bluetooth LE tags technology makes it applicable in settings where these advanced systems not have been otherwise feasible. Moreover, Wi-Fi RTLS technology is more accurate than proximity-based RTLS options as Wi-Fi RTLS uses time-of-flight measurements, which has a relatively wide bandwidth. Also, GPS RTLS technology enables hospitals to track the assets that leave the hospital premises, these devices can be operated for an extended time without the requirement of external power.
In 2018, the Ultra-Wide Band (UWB) segment accounted for the largest market share of the North America RTLS for Healthcare market. The UWB RTLS software receives signals from the tags that are attached to the hospital assets and then produces critical analytics, executive dashboards, alerts, reports, to help healthcare practitioners increase their efficiency and productivity. Thus due to its accuracy in indoor positioning the UWB market is expected to witness rapid growth during the forecast period.
Similarly, hospitals & healthcare facilities segment led the market in 2018, contributing a market share high market share and is expected to retain its dominance during the forecast period from 2019 to 2027. Additionally, in 2018 inventory and asset tracking market by application is expected to have largest market share and hightes growth rate in the forecast period.
Some of the major primary and secondary sources for RTLS for healthcare market included in the report are, Centers of Disease Control and Prevention, Department of Industrial Policy and Promotion, General Data Protection Regulation, World Health Organization, US Food and Drug Administration, among others.
Reasons to Buy:
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the RTLS for healthcare market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America RTLS for healthcare market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing and distribution.
Table of Contents
1. Introduction
3. Research Methodology
4. North America RTLS for Healthcare - Market Landscape
5. North America RTLS for Healthcare Market - Key Industry Dynamics
6. RTLS for Healthcare Market - North America Analysis
7. North America RTLS For Healthcare Market Analysis- by Technology
8. North America RTLS For Healthcare Market Analysis- by Facility Type
9. North America RTLS For Healthcare Market Analysis - by Application
10. RTLS for Healthcare Market Revenue and Forecasts to 2027 - Country Analysis
11. RTLS for Healthcare Market- Industry Landscape
12. RTLS for Healthcare Market-Key Company Profiles
13. Appendix
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- CenTrak
- Impinj, Inc.
- Intelligent InSites
- Aruba (Hewlett Packard Enterprise Development LP)
- Midmark Corporation
- Sanitag
- Sonitor Technologies
- STANLEY Healthcare
- Teletracking Technologies, Inc.
- Zebra Technologies Corp.