Real Time Location Systems (RTLS) for Healthcare Market 2023: Size, Share, Leading Players, Latest Insights and Forecast

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The real time location systems (RTLS) for healthcare market to reach US$ 6.49 Billion by 2028, exhibiting a growth rate (CAGR) of 18.50% during 2023-2028

IMARC Group, a leading market research company, has recently releases report titled “Real Time Location Systems (RTLS) for Healthcare Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, The study provides a detailed analysis of the industry, including the global real time location systems (RTLS) for healthcare market size, share, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights:

How big is the real time location systems (RTLS) for healthcare market?

Report AttributesDetails
Market Size in 2022US$ 2.15 Billion
Market Forecast in 2028US$ 6.49 Billion 
Growth rate (2023 to 2028)CAGR of 18.50%
Base Year of the Analysis2022
Forecast Period2023-2028

What are Real-time location systems for healthcare?

Real time location systems (RTLS) for healthcare refer to a set of technologies and solutions that are used to track and monitor the location of patients, staff, and assets in real time within a healthcare facility. These systems use various technologies, such as Wi-Fi, RFID, and Bluetooth Low Energy (BLE), to track the location of individuals and assets and provide real-time information to healthcare providers. RTLS systems can be used to improve patient safety, optimize workflows, and reduce costs by providing real-time information on the location of patients, staff, and assets. These systems can also be integrated with Electronic Health Record (EHR) systems to provide a more comprehensive view of patient care.

What are the growth prospects and trends in the real time location systems (RTLS) for healthcare industry?

The widespread adoption of IoT and wireless technologies represents one of the key factors driving the market growth across the globe. In addition to this, the increasing demand for asset and patient-tracking solutions is contributing to the growth of the market. This is primarily attributed to the rising need for better operational efficiency and patient safety in healthcare facilities. In line with this, the rising healthcare costs are driving healthcare providers to look for solutions that can help them optimize their workflows and reduce costs, which is driving the demand for RTLS solutions. The market is also driven by the advancements in RTLS technology, such as the development of more accurate and reliable tracking solutions. Apart from this, government initiatives aimed at improving patient safety and healthcare outcomes are creating a positive outlook for the market.

Real Time Location Systems (RTLS) for Healthcare Market 2023-2028 Competitive Analysis and Segmentation:

Competitive Landscape With Key Players:

The competitive landscape of the real time location systems (RTLS) for healthcare market has been studied in the report with the detailed profiles of the key players operating in the market.

  • Some of these key players include:
  • AeroScout Inc.
  • AiRISTA
  • Alien Technology
  • Axcess International Inc.
  • CenTrak Healthcare Company
  • DecaWave Limited
  • Ekahau Inc.
  • Identech Group AG
  • Impinj
  • Savi Technology
  • Sonitor Technologies
  • Stanley Healthcare
  • TeleTracking Technologies
  • Ubisense Group
  • Zebra Technologies, etc.

Key Market Segmentation:

The report has segmented the global real time location systems (RTLS) for healthcare market based on component, technology, application, vertical and region.

  • Breakup by Offering:
  • Software
  • Hardware
  • Service

Breakup by Applications:

  • Asset Tracking
  • Patient Safety
  • Personnel Tracking
  • Environmental Monitoring
  • Others

Breakup by End Use:

  • Hospitals
  • Clinics
  • Emergency Medical Services
  • Eldercare Facilities
  • Diagnostic Labs

Breakup by Region:

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
  • North America (United States, Canada)
  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
  • Latin America (Brazil, Mexico, Argentina, Colombia, Chile, Peru, Others)
  • Middle East and Africa ( Turkey, Saudi Arabia, Iran, United Arab Emirates, Others)

If you require any specific information that is not covered currently within the scope of the report, we will provide the same as a part of the customization.

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