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U.S. Real Time Location System (RTLS) in Healthcare Market - Forecast (2020 - 2025)

  • ID: 5231235
  • Report
  • September 2020
  • Region: United States
  • IndustryARC
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U.S. Real Time Location Systems (RTLS) in Healthcare Market Report Overview

U.S. Real Time Location Systems (RTLS) in Healthcare Market size in 2019 is estimated to be $ 2370 million, growing at a CAGR of 15% during the forecast period 2020-2025. A real-time location system helps determine the current position of an object based on real-time information gathered through a wireless system. It helps in indoor tracking of the object as well. RTLS helps to know the exact position of forklifts, vehicles, and operators at any given time. Increasing technological advancement and rise in Asset tracking are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall market demand for U.S. real time location systems in healthcare during the forecast period 2020-2025.

Report Coverage

The report U.S. Real Time Location Systems (RTLS) in Healthcare Market; Forecast (2020-2025), covers an in-depth analysis of the following segments of the U.S. Real Time Location Systems (RTLS) in Healthcare Market:

By Component: Hardware, Software

By Technology: Wi-Fi, RFID, Ultra-Wideband (UWB), Bluetooth (BLE), Ultrasound, ZigBee, Others

By Application: Asset Tracking & Management, Supply Chain Management, Staff Locating & Monitoring, Workflow & Process Automation, Visualization & Mapping, Others

Key Takeaways
  • U.S. Real Time Location Systems (RTLS) in Healthcare Market is growing owing to its well-established economy that encourages government and private investments in new technologies.
  • Increasing technological advancement and rise in asset tracking is driving the market growth of U.S. Real Time Location Systems (RTLS) in Healthcare.
  • Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the U.S. Real Time Location Systems (RTLS) in Healthcare Market report.
  • High Cost of RTLS and Energy detector based systems with limited range are challenging the growth of the market.
U.S. Real Time Location Systems (RTLS) in Healthcare Market Segment Analysis - By Component

Based on the Component, U.S. Real Time Location Systems (RTLS) in Healthcare Market is segmented into Hardware, Software. The hardware segment is forecast to be the fastest-growing segment and is projected to grow at a CAGR of 14.5% during the forecast period 2020-2025. This is mainly owing to abundant availability of affordably priced sensors, growing awareness about benefits of RTLS technology are contributing to the growth of this segment.

U.S. Real Time Location Systems (RTLS) in Healthcare Market Segment Analysis - By Technology

Based on the Technology, U.S. Real Time Location Systems (RTLS) in Healthcare Market is segmented into Wi-Fi, RFID, Ultra-Wideband (UWB), Bluetooth (BLE), Ultrasound, ZigBee, Others. In 2019, Wi-Fi held the largest share in the U.S. Real Time Location Systems (RTLS) in Healthcare Market. A number of RTLS vendors have been using the existing Wi-Fi infrastructure to lay out RTLS solutions for the purpose of data sharing. This has resulted in the greater use of Wi-Fi technology for RTLS applications which is contributing to the growth of this segment.

U.S. Real Time Location Systems (RTLS) in Healthcare Market Drivers

Increasing Technological Advancement

Increasing use of latest technologies like spatial data and Bi solutions are some factors driving the market growth of this segment. Moreover, the increasing use of the services in various industrial verticals and increasing use of social media which are increasing the market growth of U.S. Real Time Location Systems (RTLS) in Healthcare.

Rise in Asset Tracking

Rise in asset tracking and increasing use of location based mobile advertising are some factor driving the growth of the market. Moreover, asset tracking has gained increase in traction among various industry verticals including healthcare, defense, and manufacturing for tracking assets. These assets include tools, medical equipment, trailers, and containers which are contributing to the growth of U.S. Real Time Location Systems (RTLS) in Healthcare Market.

U.S. Real Time Location Systems (RTLS) in Healthcare Market Challenges

High cost associated with LBS and RTLS and Energy detector based systems with limited range are challenging the growth of this market. Moreover, legal and privacy concerns with the use of the technology and lack of awareness and skilled expertise are restraining its market growth during the forecast period 2020-2025.

U.S. Real Time Location Systems (RTLS) in Healthcare Industry Outlook

Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the U.S. Real Time Location Systems (RTLS) in Healthcare Market. U.S. Real Time Location Systems (RTLS) in Healthcare top 10 companies are Awarepoint Corporation, AeroScout Inc., Zebra Technologies Corporation, Sonitor Technologies, Skytron LLC, TeleTracking Technologies Inc., and Ubisense Group plc.

Acquisitions/Product Launches:
  • On 14 August 2018, Zebra Technologies has acquisition with Xplore Technologies for the development of Real time location systems.
  • On May 2019, Kontakt.io has acquisition with Quuppa which will improve the accuracy and accessibility to the high quality portfolio of tags for RTLS.
Note: Product cover images may vary from those shown
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1. U.S. Real Time Location Systems (RTLS) in Healthcare Market Overview
1.1 Definitions and Scope

2. U.S. Real Time Location Systems (RTLS) in Healthcare Market Executive Summary
2.1 Market Size and Key Trends
2.2 Key trends by Component
2.3 Key trends by Technology
2.4 Key trends by Application

3. U.S. Real Time Location Systems (RTLS) in Healthcare Market Landscape
3.1 Market Share Analysis- Key Companies
3.2 Product Benchmarking- Key Companies
3.3 Financial Analysis - Key Companies
3.4 Patent Analysis
3.5 Pricing Analysis

4. U.S. Real Time Location Systems (RTLS) in Healthcare Market Forces
4.1 Market Drivers
4.2 Market Constraints/Challenges
4.3 Porters Five Force Model
4.3.1 Bargaining Power of Suppliers
4.3.2 Bargaining Powers of Customers
4.3.3 Threat of New Entrants
4.3.4 Rivalry Among Existing Players
4.3.5 Threat of Substitutes

5. U.S. Real Time Location Systems (RTLS) in Healthcare Market Strategic Analysis
5.1 Value Chain Analysis
5.2 Opportunities Analysis
5.3 Market Life Cycle

6. U.S. Real Time Location Systems (RTLS) in Healthcare Market- By Component (Market Size - $Million/$Billion)
6.1 Hardware
6.2 Software

7. U.S. Real Time Location Systems (RTLS) in Healthcare Market- By Technology (Market Size - $Million/$Billion)
7.1 Wi-Fi
7.2 RFID
7.3 Ultra-Wideband (UWB)
7.4 Bluetooth (BLE)
7.5 Ultrasound
7.6 ZigBee
7.7 Others

8. U.S. Real Time Location Systems (RTLS) in Healthcare Market- By Application (Market Size - $Million/$Billion)
8.1 Asset Tracking & Management
8.2 Supply Chain Management
8.3 Staff Locating & Monitoring
8.4 Workflow & Process Automation
8.5 Visualization & Mapping
8.6 Others

9. U.S. Real Time Location Systems (RTLS) in Healthcare Market Entropy

10. U.S. Real Time Location Systems (RTLS) in Healthcare Market Company Analysis
10.1 Company Revenue, Products, M&A, Developments
10.2 Company 1
10.3 Company 2
10.4 Company 3
10.5 Company 4
10.6 Company 5
10.7 Company 6
10.8 Company 7
10.9 Company 8
10.10 Company 9
10.11 Company 10
Note: Product cover images may vary from those shown
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