Global Real Time Location Systems (RTLS) for Healthcare Market to Grow at a CAGR of 19.40% During 2026-2035, Aided by the Rising Demand for the RTLS System in Hospitals

The real time location systems (RTLS) for healthcare industry is being driven by the growing adoption of the RTLS system in hospitals, owing to the growing need for improved communication and increased efficiency of the internal management of hospitals. RTLS helps to know the exact location of the doctors, patients, and other healthcare staff at a particular time. This helps save a significant amount of time, especially in cases of emergency. Furthermore, the system is also expected to be beneficial in tracking patients with Alzheimer’s and dementia, thus, contributing to the market growth.

In November 2020, Advantech Co., Ltd. announced the launch of Real-Time Location System (RTLS) Solution-Ready Package (SRP) for healthcare applications. The SRP is designed for real-time locating and monitoring of medical equipment, staff, and patients. Meanwhile, in March 2021, AiRISTA Flow introduced sofia®, a cloud-based resource location tracking platform, to enhance the preparedness and reduce instances of errors in the healthcare delivery organisation. It helps to efficiently monitor the movement of patients, staff, and equipment through an intuitive portal. Furthermore, the growing innovations by the leading market players including Zebra Technologies Corporation (NASDAQ: ZBRA) and Baxter International Inc. (NYSE: BAX) are anticipated to propel the market growth in the forecast period.

In terms of region, North America is likely to account for a significant share in the market, owing to the rising adoption of software and analytics in the healthcare sector in order to enhance the quality of healthcare services. Further, the growing incidences of chronic diseases such as cardiovascular diseases among the geriatrics are also expected to add to the market growth. The market in the region is expected to be further aided by the growing demand for improved transportation and logistics management in the healthcare sector to ensure timely delivery of essential medical equipment.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Breakup by Offering, Technology, Application, End Use, and Region:

• The market is segmented, based on offering, into software, hardware, and service.
• Based on technology, the market can be segregated into WiFi, Bluetooth low energy, Zigbee, RFID, ultrawide band, GPS, ultrasound, passive RFID, and infrared, among others. 
• The market, on the basis of application, is divided into asset tracking, patient safety, personnel tracking, and environmental monitoring, among others. 
• By end use, the market can be divided into hospitals, clinics, emergency medical services, eldercare facilities, and diagnostic labs. 
• Region-wise, the global market for real time location systems (RTLS) for healthcare can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

• The global market for real time location systems (RTLS) for healthcare is being driven by the growing adoption of RTLS systems in hospitals to enhance operational efficiency.
• The rising government investments in the development of the healthcare infrastructure are anticipated to augment the market in the forecast period.
• The growing need to bolster the emergency managements systems and healthcare logistics is likely to aid the market.
• The market is expected to be further augmented by the technological advancements in the healthcare infrastructure across the globe.

Key Offerings of the Report:

• The EMR report gives an overview of the global market for real time location systems (RTLS) for healthcare for the periods of (2019-2025) and (2026-2035). 
• The report also offers historical (2019-2025) and forecast (2026-2035) market information for the offerings, technologies, applications, end uses, and regions of real time location systems (RTLS) for healthcare.
• The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

Top Players:

The major players in the global real time location systems (RTLS) for healthcare market are:

• Baxter International
• CenTrak, Inc.
• Securitas Healthcare, LLC
• Zebra Technologies Corp.
• Hewlett Packard Enterprise Development LP
• Nipro
• TeleTracking Technologies, Inc.
• GE HealthCare Technologies, Inc.
• Ubisense Group Plc
• Oracle Corporation
•  AiRISTA Flow, Inc.
• Sonitor Technologies AS
• Midmark Corporation

The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium-sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us

Expert Market Research
Website: www.expertmarketresearch.com
Email: [email protected]
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790