Real-Time Location Systems Market (RTLS) for healthcare with COVID-19 Impact Analysis by Offering (Hardware, Software, Services), Technology (RFID, W-Fi, UWB, BLE, IR, Ultrasound, Others), Facility Type, Application, Geography - Global Forecast to 2025
[227 Pages Report] The RTLS Market in Healthcare is projected to grow from USD 1.4 billion in 2020 to USD 3.9 billion by 2025, at a CAGR of 23.0% from 2020 to 2025.
Real-time location systems (RTLS) are local positioning and tracking systems used to locate and identify objects/people/targets automatically in real time, usually for indoor applications such as within buildings or other contained areas. RTLS tags/badges/sensors attached to objects or worn by people communicate wirelessly with fixed receivers/readers/trackers/exciters/reference points/access points installed in the vicinity. Real-time location systems (RTLS) are local positioning and tracking systems used to locate and identify objects/people/targets automatically in real time, usually for indoor applications such as within buildings or other contained areas. RTLS tags/badges/sensors attached to objects or worn by people communicate wirelessly with fixed receivers/readers/trackers/exciters/reference points/access points installed in the vicinity.
RTLS Healthcare Market Forecast to 2025
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RTLS Market in Healthcare comprise of different hardware, software, and services. The hardware segment of the RTLS Market in Healthcare is projected to grow significantly in the next 3 to 5 years.
RTLS solutions rely on wireless technologies such as radio-frequency identification (RFID), Wi-Fi, ultra-wideband (UWB), Bluetooth low energy (BLE), infrared (IR), ultrasound, and others to establish a communication network between tags and readers. The appropriate technology is selected for the target application on the basis of functional requirements and the nature of use cases.
RTLS solutions have a wide variety of applications, such as inventory/asset tracking and management, access control and security, and environmental monitoring, thereby helping in achieving the rapid return on investment. Inventory/asset tracking and management to hold the largest share of the RTLS Market in Healthcare during the forecast period.
The RTLS market for healthcare based on facility types has been segmented into hospitals and healthcare facilities and senior living facilities. These facilities employ RTLS solutions for applications such as inventory/asset tracking and management, personnel/staff locating and monitoring, access control and security, and environmental monitoring. The hospitals and healthcare facilities dominate the RTLS market for healthcare, while the market for RTLS solutions used in senior living facilities is expected to witness significant growth during the forecast period.
Investments in the RTLS ecosystem have been increasing drastically during the period 2018-2020. The ecosystem players are adopting organic and inorganic growth startegies such as product launches and developments, partnerships, agreements, etc. to strengthen their position in the RTLS Market in Healthcare.
The RTLS Market in Healthcare is fragmented owing to the easy availability of competitive products from numerous players, including mid-tier and large companies such as market STANLEY Black & Decker (US), Zebra Technologies (US), Aruba Networks (US), CenTrak (US), TeleTracking Technologies (US), Impinj (US), AiRISTA (US), Sonitor Technologies (US), Identec Group (Liechtenstein), and Midmark RTLS (US).
RTLS Market in Healthcare Dynamics:
Driver: Rise in market competitiveness leading to cost-effective RTLS solutions
RTLS is one of the most expensive tracking technologies. However, the rise in competitiveness in the RTLS market has led to the availability of cost-effective RTLS solutions. The emergence of innovative startups and the availability of customized solutions are the 2 key factors that have led to the rise in competitiveness in the RTLS market.
The market for RTLS technology has witnessed rapid growth with the increasing number of players entering this market with innovative RTLS features for customers. More than 150 players are active in the RTLS market; out of these, the top 5 players account for about 50% of the market share. These top companies majorly focus on healthcare, retail, and manufacturing industries and have introduced industry-specific solutions. Thus, the high competition in the RTLS market forces RTLS companies to offer application-specific customized products at affordable rates to their customers.
RTLS market players continuously strive to develop more robust and innovative solutions to stay ahead in the competition. As a result, ultra-wideband (UWB) and Bluetooth low energy (BLE) technologies have made a mark recently and are expected to witness exponential growth in the near future. Rapidly developing startups provide various innovative solutions based on new RTLS technologies such as UWB, BLE, ZigBee, and RuBee. Leantegra (US), Litum Technologies (Turkey), and Tracktio (Spain) are some key companies providing UWB technology-based RTLS solutions, while Visible Assets (US) provides highly secure and innovative RTLS solutions based on RuBee technology.
Restraint: Concerns regarding data security and privacy inhibits adoption rate of RTLS
Data security and privacy are among the major issues faced by personnel/staff in various industries, particularly in the healthcare domain. The threat of cyberattacks in healthcare has never been more prevalent and is a major issue for every organization looking to establish an RTLS entry point into their network and systems. Real-time location tracking systems are revolutionizing various industries where the efficient utilization of resources is critical. RTLS provides the whereabouts of individuals at any time and also offers the visibility required to keep people safe. However, union members in diverse industries complain that an RTLS solution can be used to monitor specific employees unfairly, that is, their break time and working hours, while in other cases, people are worried about the loss of their personal freedom.
In the US, the amount of electronic data is doubling every 3 years, driven by the increased use of the internet, smartphones, social networks, and the growth of machine-generated data, including RFID tags, sensors, and surveillance cameras. The personal medical and health data of the patient can be disclosed outside of Health Insurance Portability and Accountability Act (HIPAA) protection by several sources while undertaking routine healthcare activities such as credit card payments for physician visit co-pays and over-the-counter medications and visits to alternative medical practitioners. With the expansion of the digital world, public concern regarding privacy is increasing.
Several governments and authorities are focusing on protecting data privacy through the implementation of stringent regulations. For example, the Geolocation Privacy and Surveillance Act (GPS Act) seeks to establish a legal framework that provides clear guidelines to government agencies, commercial entities, and private citizens regarding the access and use of geolocation information. The bill would create a process whereby government agencies could get a probable cause warrant to obtain geolocation information in the same way that they currently get warrants for other types of electronic surveillance. In addition, the GPS Act would prohibit businesses from disclosing geographical tracking data about its customers to others without the customer’s permission. Despite companies educating their customers and staff regarding the use of RTLS, the concerns over data privacy still persist.
Opportunity: Need for resource utilization and workflow optimization to boost demand for RTLS
Several healthcare organizations have faced resource utilization as a major challenge while increasing their output in terms of workflow optimization, production, tracking and monitoring of assets, and reducing the costs. RTLS addresses these challenges by effectively tracking and monitoring the assets and personnel. Efficient operations and optimum utilization of existing resources help enterprises to save costs and increase profits. The installation of an RTLS allows an enterprise to utilize resources efficiently and reduce the inventory and stock management costs by tracking and managing assets in real time.
In the healthcare industry, asset tracking (both equipment and personnel) helps to improve patient safety and increase the bed utilization ratio. RTLS helps utilize the minimum available resources to provide a better yield by increasing the workflow. Maximum resource utilization in the supply chain is another area where many healthcare organizations have adopted RTLS solutions to streamline their supply chain operations. Manual stocking and inventory management is a highly error-prone and time-consuming activity that directly affects any company’s profits.
With the increase in awareness regarding the advantages of automatic asset tracking and management, RTLS solutions are expected to be penetrated more into the healthcare sector in the coming years. However, COVID-19 has led to healthcare organizations dedicating a major part of their funds toward the procurement of medical equipment and other resources required to combat COVID-19. As RTLS solutions do not fall under the essential resources category required for COVID-19 treatment, this factor is expected to hinder the penetration rate of RTLS technology in the short run.
Challenge: System incompatibility and lack of uniform standards and interoperability
End users have to choose from a wider range of available solutions; however, the lack of uniform standards makes it difficult to integrate the available solutions. The incompatibility between various infrastructures and lack of interoperability creates problems for end users.
Companies such as Zebra Technologies, STANLEY Healthcare, and Identec Group provide RTLS solutions that support more than one protocol; however, most players in the market primarily focus on a single protocol. Since different technologies operate on different protocols and frequency bands, there is no interoperability between various RTLS solutions, except solutions provided by a few vendors such as Zebra Technologies, which offers multiple RTLS technologies that are supported by the same middleware.
The biggest concern at present in the RTLS market is the availability of solutions with multiple interoperable technologies under the same roof. The installation of an RTLS solution in an organization requires changes to be made in the existing infrastructure, such as additional servers, middleware, and others. Putting a tag on asset, equipment, or personnel requires location readers to be set up in the doorways and hallways and an alteration in the protocol to locate assets. For instance, an active RFID tag needs 4 antennas to track the location of an asset. Small and medium-sized businesses (SMBs) may not be able to install this technology throughout the organization because of budget constraints, thereby resulting in a lack of standardization. The lack of standardization of protocols may also result in a shortage of interoperability across providers. Moreover, the practice of vendors to defer from complying with the existing standards and using proprietary technologies for tracking has been identified as one of the major barriers to the adoption of RTLS technology.
RTLS Market in Healthcare Segment Insights:
Based on Technology, the Wi-Fi segment to dominate the RTLS Market in Healthcare during the forecast period
The Wi-Fi segment is expected to dominate the RTLS Market in Healthcare during the forecast period. The dominance can be attributed to wide use of the technology because of its high compatibility, ease of installation, and easy availability. Furthermore, a number of RTLS vendors have been using the existing Wi-Fi infrastructure to roll out RTLS solutions for the purpose of data sharing. This has resulted in the greater use of Wi-Fi technology for RTLS applications.
Based on Application, the supply chain management & operational automation/visibility segment to grow at the highest CAGR during forecast period
Based on Application, the supply chain management & operational automation/visibility segment is expected to grow at the highest CAGR of 31.5% during the forecast period. Supply chain management is related to tracking both inbound and outbound logistics. RTLS in supply chain management plays a major role in enhancing supply chain visibility, right from manufacturers to consumers. RTLS is increasingly being used in the healthcare vertical to obtain enhanced visibility and manage its supply chain. RTLS technologies allow better visualization of supply chain dynamics in real time. As healthcare companies move toward IoT, there is a demand for greater visibility to facilitate faster decision-making.
Based on Facility Type, the hospitals and healthcare facilities segment to dominate the RTLS Market in Healthcare during the forecast period
Hospitals and healthcare facilities continue to dominate the RTLS market for healthcare during the forecast period. There has been a high demand for RTLS solutions from hospitals in the US and European countries for enhancing their operations, optimizing resource utilization, and increasing their profitability. The rapid growth in IoT in the healthcare industry has led to increased adoption of RTLS, thereby further accelerating the growth of the RTLS market for healthcare.
Regional Insights:
The North America region to account for the largest share of the RTLS Market in Healthcare during the forecast period
North America accounted for the largest share of ~49% of the RTLS market for healthcare in 2019. North America is one of the largest contributors to the RTLS market for healthcare, owing to the healthcare revolution in the region. The reason for the dominance of North America is its well-established economy, which allows for investments in new technologies. The rapid adoption of RTLS solutions for several applications is also contributing to the largest market share of North America in the RTLS market for healthcare. STANLEY Healthcare (US), Zebra Technologies (US), Impinj (US), AiRISTA (US), CenTrak (US), Aruba Networks (US), and TeleTracking Technologies (US) are a few major players in the RTLS market for healthcare in region especially in the US.
RTLS Healthcare Market by Region
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Key Market Players:
Some of the major players in the RTLS Market in Healthcare STANLEY Black & Decker (US), Zebra Technologies (US), Aruba Networks (US), CenTrak (US), TeleTracking Technologies (US), Impinj (US), AiRISTA (US), Sonitor Technologies (US), Identec Group (Liechtenstein), and Midmark RTLS (US). These players have adopted various growth strategies such as product launches and developments, expansions, agreements, partnerships, and acquisitions to further expand their presence in the RTLS Market in Healthcare.
STANLEY Healthcare, an operating division of STANLEY Black & Decker, was the leader in the RTLS market for healthcare in 2019. Stanley Black & Decker operates through 3 business segments: Tools & Storage, Industrial, and Security. The Security business segment caters to the customers in the RTLS market. STANLEY Healthcare is a leader in safety and security solutions. The company offers a full line of safety and security solutions for residents in senior living and long-term care facilities. It offers battery-powered active RFID systems, wireless tags, and badges for safety and security needs. STANLEY Healthcare is a global leader in analytics solutions for hospitals, health systems, and senior living organizations and provides safety, security, and operational efficiency. The company offers products for security and protection, patient and resident safety, clinical operations, workflow environmental monitoring, and asset management. The company has also partnered with other technology vendors in the RTLS market to expand its RTLS offerings in the healthcare sector.
Zebra Technologies held the second position in the RTLS market for healthcare in 2019. The company operates through 2 business segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company caters to customers in the RTLS market through the Asset Intelligence & Tracking business segment. The company’s RTLS solutions are equipped with active and passive RFID tags, beacons, and other tracking devices to locate, track, manage, and optimize high-value assets, equipment, and people. Zebra Technologies spends significantly on R&D activities. The company has a wide geographic presence in North America, Europe, APAC, Middle East, Africa, and South America.
Aruba Networks held the third position in the RTLS market for healthcare in 2019. Aruba Networks was acquired by Hewlett Packard Enterprise in May 2015. The company provides products which are used for health checks, to optimize design and deployment, to manage network, and increase IT efficiencies and productivity. The company also provides financial services to help organizations accelerate digital transformation and capitalize opportunities. The company employs BLE and Wi-Fi technologies for its RTLS solutions to provide location-based services. It also offers cloud-based management of RTLS hardware, such as beacons and tags. The company has its presence in all the major regions such as the Americas, Europe, and the Middle East, Africa, and APAC.
CenTrak held the fourth position in the RTLS market for healthcare in 2019. It designs and manufactures RTLS, such as sensors, asset tags, patient tags, and offers proprietary communication technology to provide reliable and precise location data for healthcare facilities. The company majorly caters to the healthcare industry by offering a number of solutions based on prominent technologies such as RFID, Infrared (IR), and BLE. The company has partnered with various system integrators, integrated solution providers, and resellers.
TeleTracking Technologies held the fifth position in the RTLS market for healthcare in 2019. It offers various solutions, such as patient access solutions, patient flow solutions, patient discharge solutions, and analytics solutions, to regulate and optimize operations in the healthcare industry. The company focuses on providing patient care and increasing patient throughput with its RTLS solutions, along with providing increased visibility in the healthcare sector. The software solutions offered by the company are designed to maximize utilization in various activities carried out in a hospital, such as an endoscopy, diagnostic imaging, and gastroenterology.
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Report Metric |
Details |
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Market size available for years |
2017–2025 |
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Forecast Period |
2020–2025 |
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Forecast Units |
Value (USD) and Volume (Million Units) |
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Segments Covered |
Offering, Technology, Application, Facility Type and Region |
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Base Year considered |
2019 |
This research report categorizes the RTLS market for healthcare based on offering, technology, application, facility type, and region.
RTLS Market for Healthcare, by Offering
- Hardware
- Software
- Services
RTLS Market for Healthcare, by Technology
- RFID
- Wi-Fi
- Ultra-wideband (UWB)
- Bluetooth Low Energy (BLE)
- Ultrasound
- Infrared (IR)
- Others
RTLS Market for Healthcare, by Application
- Inventory/Asset Tracking & Management
- Personnel/Staff Locating & Monitoring
- Access Control & Security
- Environmental Monitoring
- Supply Chain Management & Operational Automation/Visibility
- Others
RTLS Market for Healthcare, by Facility Type
- Hospital and Healthcare
- Senior Living
RTLS Market for Healthcare, by Geography
- North America (US, Canada, and Mexico)
- Europe (UK, Germany, France, and Rest of Europe)
- APAC (China, Japan, Australia, South Korea, and Rest of APAC)
- RoW (South America, Middle East, and Africa)
RTLS Healthcare Market Highlights:
Recent Developments
- In September 2020, CenTrak announced its expansion into end-to-end locating, sensing, and security services for the healthcare industry. CenTrak offers an enterprise-ready platform consisting of its award-winning suite of hardware products and a growing list of software solutions, integrated through a series of strategic acquisitions since 2018.
- In May 2020, STANLEY Healthcare announced the integration and certification of its AeroScout RTLS platform with Cisco Systems’ (US) Cisco DNA Spaces (indoor location services platform), which will help to offer enterprise-wide visibility into the location and status of assets and people in healthcare environments.
- In April 2020, AiRISTA Flow launched the AiRISTA Flow Social Distancing and Contact Tracing Solution, a social distancing and contact-tracing solution. The solution is designed for the workplace and uses a wireless device worn by employees to help enforce the CDC’s COVID-19 guidelines for social distancing and automates contact tracing.
- In October 2018, Impinj partnered with Redington Value, a leading provider and pioneer of RAIN RFID solutions, allowing its extensive partner network in the Middle East and Africa regions to leverage Impinj solutions and platform.
- In February 2018, Sonitor expanded its partnership with STANLEY Healthcare, a market-leading provider of visibility and analytics solutions for the healthcare industry. STANLEY Healthcare integrates Sonitor’s Sense High-Definition Ultrasound Indoor Positioning technology for room and sub-room level location accuracy to enable more rapid and cost-effective deployment of advanced RTLS use cases.
Key Benefits of the Report/Reason to Buy:
The report would help key players/new entrants in this market in the following ways.
- This report segments the RTLS Market in Healthcare comprehensively and provides the closest approximations of the overall market size and that of the subsegments across different industry and regions.
- The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities.
- This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes competitor ecosystem, product launches and developments, expansions, agreements, partnerships, and acquisitions, carried out in the market in the recent past.
Target Audience:
- RTLS hardware providers
- RTLS software providers
- RTLS-related service providers
- RTLS-related associations, organizations, forums, and alliances
- OEM/ODMs, foundries, and semiconductor component suppliers
- RTLS distributors and sales firms
- RTLS end users
- Government bodies, such as regulating authorities and policymakers
- Venture capitalists, private equity firms, and start-up companies
- Research institutes, organizations, and consulting companies
Frequently Asked Questions (FAQ):
What is the current size of the RTLS Market in Healthcare?
The RTLS Market in Healthcare is expected to reach USD 3.9 billion by 2025 from an estimated USD 1.4 billion in 2020, at a CAGR of 23.0 from 2020 to 2025.
Who are the major players in the RTLS Market in Healthcare?
STANLEY Black & Decker (US), Zebra Technologies (US), Aruba Networks (US), CenTrak (US), and TeleTracking Technologies (US) are the major players in the RTLS Market in Healthcare.
What are the strategies adopted by the key players in the RTLS Market in Healthcare?
Product launches and development, agreements, partnerships, acquisitions, and expansions are the strategies adopted by the key players in the RTLS Market in Healthcare.
By Offering, which segment is expected to dominate the overall market?
The hardware segment is expected to dominate the overall market during the forecast period.
By Technology, which segment is expected to grow?
The market for UWB technology is expected to grow at the highest CAGR of 30.0% during the forecast period.
By Application, which segment is expected to grow?
Supply Chain Management & Operational Automation/Visibility segment is expected to grow at the highest CAGR of 31.5% during the forecast period.
By Geography, which region is expected to grow?
Asia Pacific region is expected to grow at the highest CAGR of 30.3% during the forecast period.
What are the factors driving the growth of the market?
RTLS is one of the most expensive tracking technologies. However, the rise in competitiveness in the RTLS market has led to the availability of cost-effective RTLS solutions.
RTLS solutions are being increasingly deployed in supply chain operations to save time and minimize errors while improving the inventory turnover ratio, thereby saving costs and increasing return on investment (RoI).
What are the factors creating opportunity for the growth of the market?
In the healthcare industry, asset tracking (both equipment and personnel) helps to improve patient safety and increase the bed utilization ratio. RTLS helps utilize the minimum available resources to provide a better yield by increasing the workflow.
The RTLS market is witnessing a rise in demand for hybrid RTLS solutions. A range of hybrid solutions has been developed with the aim of overcoming some of the challenges associated with a single technology-based RTLS.
What are the factors restraining and challenging the growth of the market?
Data security and privacy are among the major issues faced by personnel/staff in various industries, particularly in the healthcare domain. The threat of cyberattacks in healthcare has never been more prevalent and is a major issue for every organization looking to establish an RTLS entry point into their network and systems.
RTLSs comprise hardware and software, which are used to continuously track and deliver the real-time location of assets and resources. RTLS solution providers face the challenge of offering one solution with all benefits.
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 30)
1.1 STUDY OBJECTIVES
1.2 DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 SUMMARY OF CHANGES
1.4 STUDY SCOPE
1.4.1 MARKETS COVERED
FIGURE 1 RTLS MARKET FOR HEALTHCARE SEGMENTATION
1.4.2 REGIONAL SCOPE
1.4.3 YEARS CONSIDERED
1.5 CURRENCY
1.6 PACKAGE SIZE
1.7 LIMITATIONS
1.8 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 35)
2.1 RESEARCH DATA
FIGURE 2 PROCESS FLOW: RTLS MARKET FOR HEALTHCARE SIZE ESTIMATION
FIGURE 3 RTLS MARKET FOR HEALTHCARE: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key data from primary sources
2.1.2.2 Key industry insights
2.1.2.3 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach for arriving at market share by bottom-up approach
FIGURE 4 RTLS MARKET FOR HEALTHCARE: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
FIGURE 5 RTLS MARKET FOR HEALTHCARE: TOP-DOWN APPROACH
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 6 DATA TRIANGULATION
2.4 ASSUMPTIONS FOR RESEARCH STUDY
3 EXECUTIVE SUMMARY (Page No. - 43)
3.1 RTLS MARKET FOR HEALTHCARE: POST COVID-19
3.1.1 REALISTIC SCENARIO
FIGURE 7 REALISTIC SCENARIO: RTLS MARKET FOR HEALTHCARE, 2017–2025 (USD BILLION)
3.1.2 PESSIMISTIC SCENARIO
FIGURE 8 PESSIMISTIC SCENARIO: RTLS MARKET FOR HEALTHCARE, 2017–2025 (USD BILLION)
3.1.3 OPTIMISTIC SCENARIO
FIGURE 9 OPTIMISTIC SCENARIO: RTLS MARKET FOR HEALTHCARE, 2017–2025 (USD BILLION)
FIGURE 10 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE
FIGURE 11 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE DURING FORECAST PERIOD
FIGURE 12 UWB TO BE FASTEST-GROWING TECHNOLOGY SEGMENT DURING FORECAST PERIOD
FIGURE 13 INVENTORY/ASSET TRACKING & MANAGEMENT APPLICATION TO HOLD LARGEST SHARE OF RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
FIGURE 14 SENIOR LIVING FACILITIES TO BE FASTEST-GROWING FACILITY TYPE DURING FORECAST PERIOD
FIGURE 15 NORTH AMERICA CAPTURED LARGEST MARKET SHARE IN 2019 IN RTLS MARKET FOR HEALTHCARE
4 PREMIUM INSIGHTS (Page No. - 50)
4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN RTLS MARKET FOR HEALTHCARE
FIGURE 16 INCREASING ADOPTION OF RTLS SOLUTIONS IN APAC DRIVING MARKET GROWTH
4.2 RTLS MARKET FOR HEALTHCARE, BY OFFERING
FIGURE 17 SERVICES MARKET TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
4.3 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
FIGURE 18 WI-FI SEGMENT DOMINATED IN TERMS OF MARKET SIZE IN RTLS MARKET FOR HEALTHCARE IN 2019
4.4 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY AND FACILITY TYPE
FIGURE 19 HOSPITALS AND HEALTHCARE FACILITIES SEGMENT TO HOLD LARGEST SHARE OF RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA IN 2025
4.5 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
FIGURE 20 SUPPLY CHAIN MANAGEMENT & OPERATIONAL AUTOMATION/VISIBILITY APPLICATION MARKET TO GROW AT SIGNIFICANT CAGR FROM 2020 TO 2025
4.6 RTLS MARKET FOR HEALTHCARE, BY COUNTRY (2020)
FIGURE 21 US TO HOLD LARGEST SHARE OF RTLS MARKET FOR HEALTHCARE IN 2020
5 MARKET OVERVIEW (Page No. - 53)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 RTLS MARKET FOR HEALTHCARE: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rise in market competitiveness leading to cost-effective RTLS solutions
5.2.1.2 High return on investment
TABLE 1 TYPICAL ROI IN HOSPITALS WITH RTLS DEPLOYMENT
5.2.1.3 Growth in popularity of UWB-based RTLS solutions
5.2.1.4 Ability of RTLS solutions to help healthcare organizations check COVID-19 spread
5.2.1.5 Safety and security concerns in healthcare facilities
FIGURE 23 IMPACT ANALYSIS: DRIVERS
5.2.2 RESTRAINTS
5.2.2.1 Concerns regarding data security and privacy inhibits adoption rate of RTLS
5.2.2.2 High cost of installation and maintenance restricts RTLS market growth
5.2.2.3 Unsatisfactory results and negative feedback from RTLS end users
FIGURE 24 IMPACT ANALYSIS: RESTRAINTS
5.2.3 OPPORTUNITIES
5.2.3.1 Need for resource utilization and workflow optimization to boost demand for RTLS
5.2.3.2 Rise in trend for hybrid RTLS solutions
5.2.3.3 Focus on IoT in healthcare
5.2.3.4 Rise in demand for RTLS solutions in emerging regions
FIGURE 25 IMPACT ANALYSIS: OPPORTUNITIES
5.2.4 CHALLENGES
5.2.4.1 Hindrance in RTLS supply chain due to COVID-19
5.2.4.2 Designing RTLS solutions fulfilling all requirements—high accuracy, high range, and low power consumption
5.2.4.3 System incompatibility and lack of uniform standards and interoperability
5.2.4.4 Lack of awareness about RTLS solutions and expert workforce restricting market growth
FIGURE 26 IMPACT ANALYSIS: CHALLENGES
6 INDUSTRY TRENDS (Page No. - 64)
6.1 INTRODUCTION
6.2 VALUE CHAIN ANALYSIS
FIGURE 27 RTLS MARKET FOR HEALTHCARE: VALUE CHAIN ANALYSIS
6.2.1 ELECTRONIC EQUIPMENT AND COMPONENTS
6.2.2 CONNECTIVITY TECHNOLOGIES
6.2.3 RTLS HARDWARE AND SOFTWARE
6.2.4 SYSTEM INTEGRATION AND SERVICES
6.2.5 APPLICATION/USE CASES
6.3 RTLS TECHNOLOGY COMPARISON
TABLE 2 COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
6.4 RTLS TAG PRICE COMPARISON, BY TECHNOLOGY, 2019
FIGURE 28 PRICE COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
FIGURE 29 COMPARISON OF COST, ACCURACY LEVEL, AND OPERATING RANGE OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
6.5 USE CASES/CASE STUDY ANALYSIS
6.6 ECOSYSTEM ANALYSIS
FIGURE 30 ECOSYSTEM ANALYSIS FOR RTLS MARKET FOR HEALTHCARE
6.7 PATENTS
TABLE 3 SOME PATENTS IN RTLS MARKET FOR HEALTHCARE
6.8 STANDARDS & REGULATIONS FOR RTLS MARKET FOR HEALTHCARE
TABLE 4 REGULATIONS AND STANDARDS FOR RTLS MARKET FOR HEALTHCARE
6.9 RTLS ADOPTION IN HOSPITALS
TABLE 5 RTLS ADOPTION IN HOSPITALS, BY REGION, 2019
TABLE 6 RTLS ADOPTION IN US HOSPITALS, BY HOSPITAL SIZE, 2019
7 RTLS MARKET FOR HEALTHCARE, BY OFFERING (Page No. - 73)
7.1 INTRODUCTION
FIGURE 31 RTLS MARKET FOR HEALTHCARE, BY OFFERING
FIGURE 32 HARDWARE SEGMENT TO CONTINUE TO ACCOUNT FOR LARGEST SIZE IN RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
TABLE 7 RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 8 RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
7.2 HARDWARE
7.2.1 IMPACT OF COVID-19 ON HARDWARE SEGMENT OF RTLS MARKET FOR HEALTHCARE
FIGURE 33 IMPACT OF COVID-19 ON HARDWARE SEGMENT OF RTLS MARKET FOR HEALTHCARE
TABLE 9 PRE COVID & POST COVID: RTLS HARDWARE MARKET FOR HEALTHCARE, 2017–2025 (USD MILLION)
TABLE 10 RTLS HARDWARE MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 11 RTLS HARDWARE MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
7.2.2 TAGS/BADGES
7.2.2.1 Tags/badges most widely used RTLS hardware components
7.2.3 READERS/TRACKERS/ACCESS POINTS
7.2.3.1 Readers/trackers/access points key components in RTLS solutions and transmit signals from transponders
7.2.4 OTHERS
TABLE 12 RTLS HARDWARE MARKET FOR HEALTHCARE, BY TYPE, 2017–2019 (USD MILLION)
TABLE 13 RTLS HARDWARE MARKET FOR HEALTHCARE, BY TYPE, 2020–2025 (USD MILLION)
TABLE 14 RTLS TAGS/BADGES MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2017–2019 (MILLION UNITS)
TABLE 15 RTLS TAGS/BADGES MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2020–2025 (MILLION UNITS)
7.3 SOFTWARE
FIGURE 34 UWB SEGMENT TO EXHIBIT HIGHEST GROWTH IN RTLS FOR SOFTWARE MARKET FOR HEALTHCARE DURING FORECAST PERIOD
TABLE 16 RTLS SOFTWARE MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 17 RTLS SOFTWARE MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
7.3.1 APPLICATION
7.3.1.1 Application stores and analyzes data gathered by nodes deployed in films
7.3.2 MIDDLEWARE
7.3.2.1 Demand for one common standard in middleware platform to feed multiple end-use applications trending
7.3.3 LOCATION ANALYTICS ENGINE
7.3.3.1 Increased adoption of RTLS solutions and upward scaling of existing RTLS networks require location analytics engine to efficiently support increased number of nodes
7.4 SERVICES
TABLE 18 RTLS SERVICES MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 19 RTLS SERVICES MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
7.4.1 CONSULTING
7.4.1.1 Consulting services to witness significant growth in coming years
7.4.2 SUPPORT AND MAINTENANCE
7.4.2.1 Support and maintenance required for efficient functioning of RTLS
7.4.3 DEPLOYMENT AND INTEGRATION
7.4.3.1 Deployment and integration services to witness high demand in RTLS market for healthcare during forecast period
TABLE 20 RTLS SERVICES MARKET FOR HEALTHCARE, BY TYPE, 2017–2019 (USD MILLION)
TABLE 21 RTLS SERVICES MARKET FOR HEALTHCARE, BY TYPE, 2020–2025 (USD MILLION)
8 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY (Page No. - 89)
8.1 INTRODUCTION
FIGURE 35 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
FIGURE 36 WI-FI TECHNOLOGY TO CONTINUE TO ACCOUNT FOR LARGEST SIZE OF RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
TABLE 22 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 23 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
8.2 RFID
8.2.1 RFID TECHNOLOGY WIDELY USED IN HEALTHCARE RTLS SOLUTIONS
8.2.2 ACTIVE RFID
8.2.3 PASSIVE RFID
FIGURE 37 SERVICES SEGMENT TO GROW AT HIGHEST CAGR FOR RFID-BASED RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
TABLE 24 RFID-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 25 RFID-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 26 RFID-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 27 RFID-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
8.3 WI-FI
8.3.1 HIGH COMPATIBILITY, EASE OF INSTALLATION, AND EASY AVAILABILITY MAKES WI-FI WIDELY USED IN RTLS MARKET FOR HEALTHCARE
FIGURE 38 SERVICES TO EXHIBIT HIGHEST CAGR IN WI-FI-BASED RTLS MARKET FOR HEALTHCARE DURING 2020–2025
TABLE 28 WI-FI-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 29 WI-FI-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 30 WI-FI-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 31 WI-FI-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
8.4 ULTRA-WIDEBAND (UWB)
8.4.1 UWB—POPULAR TECHNOLOGY IN RTLS MARKET FOR HEALTHCARE, ESPECIALLY FOR HIGH-PRECISION APPLICATIONS
FIGURE 39 HARDWARE SEGMENT TO HOLD LARGEST SIZE OF MARKET FOR UWB TECHNOLOGY-BASED RTLS SOLUTIONS BY 2025
TABLE 32 UWB-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 33 UWB-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 34 UWB-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 35 UWB-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
8.5 BLUETOOTH LOW ENERGY (BLE)
8.5.1 BLE TECHNOLOGY TO WITNESS SIGNIFICANT GROWTH IN RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
FIGURE 40 SERVICES SEGMENT TO REGISTER HIGHEST CAGR IN MARKET FOR BLE-BASED RTLS SOLUTIONS DURING 2020–2025
TABLE 36 BLE-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 37 BLE-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 38 BLE-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 39 BLE-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
8.6 INFRARED (IR)
8.6.1 IR USED IN COMBINATION WITH WI-FI, RFID, OR UWB TECHNOLOGIES IN ROOM-LEVEL AND SUB-ROOM-LEVEL ACCURACY APPLICATIONS
FIGURE 41 SOFTWARE SEGMENT TO HOLD LARGEST SIZE OF MARKET FOR IR-BASED RTLS SOLUTIONS BY 2025
TABLE 40 IR-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 41 IR-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 42 INFRARED-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 43 INFRARED-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
8.7 ULTRASOUND
8.7.1 NON-INVASIVE NATURE OF ULTRASOUND TECHNOLOGY RESULTED IN HIGH ADOPTION IN RTLS MARKET FOR HEALTHCARE
FIGURE 42 HARDWARE TO EXHIBIT HIGHEST CAGR IN MARKET FOR ULTRASOUND RTLS SOLUTIONS DURING 2020–2025
TABLE 44 ULTRASOUND-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 45 ULTRASOUND-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 46 ULTRASOUND-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 47 ULTRASOUND-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
8.8 OTHERS
FIGURE 43 SOFTWARE TO HOLD LARGEST SIZE OF OTHER TECHNOLOGIES-BASED RTLS MARKET FOR HEALTHCARE BY 2025
TABLE 48 OTHER TECHNOLOGIES-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2017–2019 (USD MILLION)
TABLE 49 OTHER TECHNOLOGIES-BASED RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2020–2025 (USD MILLION)
TABLE 50 OTHER TECHNOLOGIES-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 51 OTHER TECHNOLOGIES-BASED RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
9 RTLS MARKET FOR HEALTHCARE, BY APPLICATION (Page No. - 110)
9.1 INTRODUCTION
FIGURE 44 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
FIGURE 45 INVENTORY/ASSET TRACKING & MANAGEMENT APPLICATION TO DOMINATE RTLS MARKET FOR HEALTHCARE FROM 2020 TO 2025
TABLE 52 RTLS MARKET FOR HEALTHCARE, BY APPLICATION, 2017–2019 (USD MILLION)
TABLE 53 RTLS MARKET FOR HEALTHCARE, BY APPLICATION, 2020–2025 (USD MILLION)
9.2 INVENTORY/ASSET TRACKING & MANAGEMENT
9.2.1 INVENTORY/ASSET TRACKING & MANAGEMENT APPLICATION TO CONTINUE TO CAPTURE LARGEST SIZE OF RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
9.3 PERSONNEL/STAFF LOCATING & MONITORING (INCLUDES PATIENT TRACKING)
9.3.1 PERSONNEL/STAFF LOCATING & MONITORING EXTREMELY IMPORTANT DURING PANDEMIC SITUATIONS
9.4 ACCESS CONTROL/SECURITY
9.4.1 RTLS SOLUTIONS INCREASINGLY BEING USED TO RESTRICT UNAUTHORIZED PEOPLE TO ACCESS CERTAIN LOCATIONS
9.5 ENVIRONMENTAL MONITORING
9.5.1 ENVIRONMENTAL MONITORING—CRITICAL REQUIREMENT THAT REFLECTS PATIENT SAFETY, STOCK CARE, AND QUALITY OF CARE
9.5.1.1 Temperature Monitoring
9.5.1.2 Humidity and Air Pressure Monitoring
9.6 SUPPLY CHAIN MANAGEMENT & OPERATIONAL AUTOMATION/ VISIBILITY
9.6.1 RTLS IN SUPPLY CHAIN MANAGEMENT PLAY VITAL ROLE BY OFFERING IMPROVED SUPPLY CHAIN VISIBILITY
9.7 OTHERS
10 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE (Page No. - 118)
10.1 INTRODUCTION
FIGURE 46 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE
FIGURE 47 HOSPITALS AND HEALTHCARE FACILITIES TO HAVE LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 54 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 55 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2020–2025 (USD MILLION)
10.2 HOSPITALS AND HEALTHCARE FACILITIES
10.2.1 HOSPITALS
10.2.1.1 RTLS provides real-time visibility into movement of medical equipment
10.2.2 CLINICS
10.2.2.1 Clinics focusing more on eliminating waiting rooms
10.2.3 EMERGENCY MEDICAL SERVICES
10.2.3.1 RTLS helps to efficiently manage increasing patient population in ED
10.2.4 DIAGNOSTIC LABS
10.2.4.1 Environment monitoring very essential in diagnostic labs
FIGURE 48 NORTH AMERICA TO ACCOUNT FOR LARGEST SIZE OF RTLS MARKET FOR HOSPITALS AND HEALTHCARE FACILITIES BY 2025
TABLE 56 RTLS MARKET FOR HEALTHCARE FOR HOSPITALS AND HEALTHCARE FACILITIES, BY REGION, 2017–2019 (USD MILLION)
TABLE 57 RTLS MARKET FOR HEALTHCARE FOR HOSPITALS AND HEALTHCARE FACILITIES, BY REGION, 2020–2025 (USD MILLION)
TABLE 58 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA FOR HOSPITALS AND HEALTHCARE FACILITIES, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 59 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA FOR HOSPITALS AND HEALTHCARE FACILITIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 60 RTLS MARKET FOR HEALTHCARE IN EUROPE FOR HOSPITALS AND HEALTHCARE FACILITIES, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 61 RTLS MARKET FOR HEALTHCARE IN EUROPE FOR HOSPITALS AND HEALTHCARE FACILITIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 62 RTLS MARKET FOR HEALTHCARE IN APAC FOR HOSPITALS AND HEALTHCARE FACILITIES, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 63 RTLS MARKET FOR HEALTHCARE IN APAC FOR HOSPITALS AND HEALTHCARE FACILITIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 64 RTLS MARKET FOR HEALTHCARE IN ROW FOR HOSPITALS AND HEALTHCARE FACILITIES, BY REGION, 2017–2019 (USD MILLION)
TABLE 65 RTLS MARKET FOR HEALTHCARE IN ROW FOR HOSPITALS AND HEALTHCARE FACILITIES, BY REGION, 2020–2025 (USD MILLION)
10.2.5 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN HOSPITALS AND HEALTHCARE FACILITIES
FIGURE 49 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN HOSPITALS AND HEALTHCARE FACILITIES
TABLE 66 PRE COVID & POST COVID: RTLS MARKET FOR HEALTHCARE IN HOSPITALS AND HEALTHCARE FACILITIES, 2017–2025 (USD MILLION)
10.3 SENIOR LIVING FACILITIES
10.3.1 RTLS SOLUTIONS HELP IN IMPROVING THE EXPERIENCE OF RESIDENTS AND INCREASING OPERATIONAL EFFICIENCY
FIGURE 50 APAC TO WITNESS HIGHEST CAGR IN RTLS MARKET FOR HEALTHCARE FOR SENIOR LIVING FACILITIES DURING 2018–2023
TABLE 67 RTLS MARKET FOR HEALTHCARE FOR SENIOR LIVING FACILITIES, BY REGION, 2017–2019 (USD MILLION)
TABLE 68 RTLS MARKET FOR HEALTHCARE FOR SENIOR LIVING FACILITIES, BY REGION, 2020–2025 (USD MILLION)
TABLE 69 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA FOR SENIOR LIVING FACILITIES, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 70 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA FOR SENIOR LIVING FACILITIES, BY COUNTRY, 2015–2023 (USD MILLION)
TABLE 71 RTLS MARKET FOR HEALTHCARE IN EUROPE FOR SENIOR LIVING FACILITIES, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 72 RTLS MARKET FOR HEALTHCARE IN EUROPE FOR SENIOR LIVING FACILITIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 73 RTLS MARKET FOR HEALTHCARE IN APAC FOR SENIOR LIVING FACILITIES, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 74 RTLS MARKET FOR HEALTHCARE IN APAC FOR SENIOR LIVING FACILITIES, BY COUNTRY, 2020–2025 (USD MILLION)
TABLE 75 RTLS MARKET FOR HEALTHCARE IN ROW FOR SENIOR LIVING FACILITIES, BY REGION, 2017–2019 (USD MILLION)
TABLE 76 RTLS MARKET FOR HEALTHCARE IN ROW FOR SENIOR LIVING FACILITIES, BY REGION, 2020–2025 (USD MILLION)
11 GEOGRAPHIC ANALYSIS (Page No. - 132)
11.1 INTRODUCTION
FIGURE 51 RAPIDLY GROWING MARKETS SUCH AS SOUTH KOREA, CHINA, AND AUSTRALIA TO EMERGE AS NEW HOTSPOTS IN RTLS MARKET
TABLE 77 RTLS MARKET FOR HEALTHCARE, BY REGION, 2017–2019 (USD MILLION)
TABLE 78 RTLS MARKET FOR HEALTHCARE, BY REGION, 2020–2025 (USD MILLION)
11.2 NORTH AMERICA
FIGURE 52 RTLS MARKET FOR HEALTHCARE SNAPSHOT: NORTH AMERICA
11.2.1 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA
FIGURE 53 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA
TABLE 79 PRE COVID & POST COVID: RTLS MARKET IN NORTH AMERICA, 2017–2025 (USD MILLION)
TABLE 80 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 81 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 82 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 83 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY FACILITY TYPE, 2020–2025 (USD MILLION)
FIGURE 54 US TO ACCOUNT FOR LARGEST SIZE OF NORTH AMERICAN RTLS MARKET FOR HEALTHCARE BY 2025
TABLE 84 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 85 RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2020–2025 (USD MILLION)
11.2.2 US
11.2.2.1 US accounted for largest market share in 2019
TABLE 86 RTLS MARKET FOR HEALTHCARE IN US, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 87 RTLS MARKET FOR HEALTHCARE IN US, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.2.3 CANADA
11.2.3.1 Adoption of RTLS for asset and staff tracking in healthcare industry to generate high demand
TABLE 88 RTLS MARKET FOR HEALTHCARE IN CANADA, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 89 RTLS MARKET FOR HEALTHCARE IN CANADA, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.2.4 MEXICO
11.2.4.1 Mexico to witness significant market growth
TABLE 90 RTLS MARKET FOR HEALTHCARE IN MEXICO, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 91 RTLS MARKET FOR HEALTHCARE IN MEXICO, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.3 EUROPE
FIGURE 55 RTLS MARKET FOR HEALTHCARE SNAPSHOT: EUROPE
11.3.1 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN EUROPE
FIGURE 56 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN EUROPE
TABLE 92 PRE COVID & POST COVID: RTLS MARKET IN EUROPE, 2017–2025 (USD MILLION)
TABLE 93 RTLS MARKET FOR HEALTHCARE IN EUROPE, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 94 RTLS MARKET FOR HEALTHCARE IN EUROPE, BY TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 95 RTLS MARKET FOR HEALTHCARE IN EUROPE, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 96 RTLS MARKET FOR HEALTHCARE IN EUROPE, BY FACILITY TYPE, 2020–2025 (USD MILLION)
FIGURE 57 UK TO WITNESS HIGHEST CAGR IN EUROPEAN RTLS MARKET FOR HEALTHCARE DURING 2020–2025
TABLE 97 RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 98 RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2020–2025 (USD MILLION)
11.3.2 UK
11.3.2.1 Rising expenditure of federal government on improvement of healthcare sector positively impacting UK RTLS market
TABLE 99 RTLS MARKET FOR HEALTHCARE IN UK, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 100 RTLS MARKET FOR HEALTHCARE IN UK, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.3.3 GERMANY
11.3.3.1 Germany to account for largest market share by 2025
TABLE 101 RTLS MARKET FOR HEALTHCARE IN GERMANY, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 102 RTLS MARKET FOR HEALTHCARE IN GERMANY, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.3.4 FRANCE
11.3.4.1 Adoption of RTLS solutions in aerospace manufacturing industry to propel growth
TABLE 103 RTLS MARKET FOR HEALTHCARE IN FRANCE, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 104 RTLS MARKET FOR HEALTHCARE IN FRANCE, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.3.5 REST OF EUROPE
TABLE 105 RTLS MARKET FOR HEALTHCARE IN REST OF EUROPE, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 106 RTLS MARKET FOR HEALTHCARE IN REST OF EUROPE, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.4 APAC
FIGURE 58 RTLS MARKET FOR HEALTHCARE SNAPSHOT: APAC
11.4.1 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN APAC
FIGURE 59 IMPACT OF COVID-19 ON RTLS MARKET FOR HEALTHCARE IN APAC
TABLE 107 PRE COVID & POST COVID: RTLS MARKET FOR HEALTHCARE IN APAC, 2017–2025 (USD MILLION)
TABLE 108 RTLS MARKET FOR HEALTHCARE IN APAC, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 109 RTLS MARKET FOR HEALTHCARE IN APAC, BY TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 110 RTLS MARKET FOR HEALTHCARE IN APAC, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 111 RTLS MARKET FOR HEALTHCARE IN APAC, BY FACILITY TYPE, 2020–2025 (USD MILLION)
FIGURE 60 CHINA TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
TABLE 112 RTLS MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2017–2019 (USD MILLION)
TABLE 113 RTLS MARKET FOR HEALTHCARE IN APAC, BY COUNTRY, 2020–2025 (USD MILLION)
11.4.2 JAPAN
11.4.2.1 Healthcare sector to offer lucrative growth opportunities
TABLE 114 RTLS MARKET FOR HEALTHCARE IN JAPAN, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 115 RTLS MARKET FOR HEALTHCARE IN JAPAN, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.4.3 CHINA
11.4.3.1 China to witness highest growth in APAC RTLS market during forecast period
TABLE 116 RTLS MARKET FOR HEALTHCARE IN CHINA, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 117 RTLS MARKET FOR HEALTHCARE IN CHINA, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.4.4 SOUTH KOREA
11.4.4.1 South Korea to increasingly adopt RTLS solutions in healthcare sector
TABLE 118 RTLS MARKET FOR HEALTHCARE IN SOUTH KOREA, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 119 RTLS MARKET FOR HEALTHCARE IN SOUTH KOREA, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.4.5 AUSTRALIA
11.4.5.1 Sports and entertainment industries to offer lucrative growth opportunities
TABLE 120 RTLS MARKET FOR HEALTHCARE IN AUSTRALIA, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 121 RTLS MARKET FOR HEALTHCARE IN AUSTRALIA, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.4.6 REST OF APAC
TABLE 122 RTLS MARKET FOR HEALTHCARE IN REST OF APAC, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 123 RTLS MARKET FOR HEALTHCARE IN REST OF APAC, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.5 ROW
TABLE 124 RTLS MARKET FOR HEALTHCARE IN ROW, BY TECHNOLOGY, 2017–2019 (USD MILLION)
TABLE 125 RTLS MARKET FOR HEALTHCARE IN ROW, BY TECHNOLOGY, 2020–2025 (USD MILLION)
TABLE 126 RTLS MARKET FOR HEALTHCARE IN ROW, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 127 RTLS MARKET FOR HEALTHCARE IN ROW, BY FACILITY TYPE, 2020–2025 (USD MILLION)
FIGURE 61 RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2020 VS. 2025 (USD MILLION)
TABLE 128 RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2017–2019 (USD MILLION)
TABLE 129 RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2020–2025 (USD MILLION)
11.5.1 SOUTH AMERICA
11.5.1.1 Brazil to emerge as key contributor to market
TABLE 130 RTLS MARKET FOR HEALTHCARE IN SOUTH AMERICA, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 131 RTLS MARKET FOR HEALTHCARE IN SOUTH AMERICA, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.5.2 MIDDLE EAST
11.5.2.1 Middle East contributes largest share in market in RoW
TABLE 132 RTLS MARKET FOR HEALTHCARE IN MIDDLE EAST, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 133 RTLS MARKET FOR HEALTHCARE IN MIDDLE EAST, BY FACILITY TYPE, 2020–2025 (USD MILLION)
11.5.3 AFRICA
11.5.3.1 Untapped market opportunities drive demand for RTLS solutions
TABLE 134 RTLS MARKET FOR HEALTHCARE IN AFRICA, BY FACILITY TYPE, 2017–2019 (USD MILLION)
TABLE 135 RTLS MARKET FOR HEALTHCARE IN AFRICA, BY FACILITY TYPE, 2020–2025 (USD MILLION)
12 COMPETITIVE LANDSCAPE (Page No. - 165)
12.1 OVERVIEW
12.2 MARKET EVALUATION FRAMEWORK:
FIGURE 62 MARKET EVOLUTION FRAMEWORK – PRODUCT LAUNCHES AND DEVELOPMENTS EMERGED AS MAJOR GROWTH STRATEGIES ADOPTED BY PLAYERS IN RTLS MARKET FOR HEALTHCARE FROM 2017 TO JULY 2020
12.3 SHARE AND RANKING ANALYSIS OF KEY PLAYERS IN REAL-TIME LOCATION SYSTEM MARKET FOR HEALTHCARE IN 2019
FIGURE 63 RTLS MARKET FOR HEALTHCARE: MARKET SHARE ANALYSIS, 2019
FIGURE 64 STANLEY BLACK & DECKER LED RTLS MARKET FOR HEALTHCARE IN 2019
12.4 5-YEAR REVENUE ANALYSIS
TABLE 136 REVENUE (USD MILLION), 2015—2019
12.5 COMPETITIVE LEADERSHIP MAPPING (OVERALL MARKET)
12.5.1 STAR
12.5.2 EMERGING LEADER
12.5.3 PERVASIVE
12.5.4 PARTICIPANT
FIGURE 65 REAL-TIME LOCATION SYSTEM MARKET FOR HEALTHCARE COMPETITIVE LEADERSHIP MAPPING, 2019
12.6 COMPETITIVE BENCHMARKING
12.6.1 STRENGTH OF PRODUCT PORTFOLIO (21 COMPANIES)
FIGURE 66 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN REAL-TIME LOCATION SYSTEM MARKET FOR HEALTHCARE
12.6.2 BUSINESS STRATEGY EXCELLENCE (21 COMPANIES)
FIGURE 67 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN REAL-TIME LOCATION SYSTEM MARKET FOR HEALTHCARE
12.7 COMPETITIVE SITUATIONS AND TRENDS:
12.7.1 PRODUCT LAUNCHES AND DEVELOPMENTS:
TABLE 137 PRODUCT LAUNCHES AND DEVELOPMENTS, 2019–2020
12.7.2 PARTNERSHIPS AND COLLABORATIONS:
TABLE 138 PARTNERSHIPS AND COLLABORATIONS, 2018–2019
13 COMPANY PROFILES (Page No. - 174)
13.1 INTRODUCTION
(Business Overview, Products/solutions/services Offered, Recent Developments, SWOT Analysis, COVID-19-related updates, and MnM View)*
13.2 KEY PLAYERS
13.2.1 STANLEY BLACK & DECKER
FIGURE 68 STANLEY BLACK & DECKER: COMPANY SNAPSHOT
13.2.2 ZEBRA TECHNOLOGIES
FIGURE 69 ZEBRA TECHNOLOGIES: COMPANY SNAPSHOT
13.2.3 ARUBA NETWORKS (HP ENTERPRISE)
13.2.4 CENTRAK
13.2.5 TELETRACKING TECHNOLOGIES
13.2.6 IMPINJ
FIGURE 70 IMPINJ: COMPANY SNAPSHOT
13.2.7 AIRISTA
13.2.8 SONITOR TECHNOLOGIES
13.2.9 IDENTEC GROUP
13.2.10 MIDMARK RTLS
13.2.11 MYSPHERA
13.3 RIGHT-TO-WIN
13.4 OTHER COMPANIES
13.4.1 DECAWAVE
13.4.2 REDPINE SIGNALS
13.4.3 CERNER CORPORATION
13.4.4 GE HEALTHCARE
13.4.5 SANITAG
13.4.6 INTELLIGENT INSITES
13.4.7 SECURE CARE PRODUCTS
13.4.8 BORDA TECHNOLOGY
13.4.9 CETANI CORPORATION
*Details on Business Overview, Products/solutions/services Offered, Recent Developments, COVID-19-related updates SWOT Analysis, and MnM View might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 215)
14.1 INSIGHTS OF INDUSTRY EXPERTS
14.2 DISCUSSION GUIDE
14.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.4 AVAILABLE CUSTOMIZATIONS
14.5 RELATED REPORTS
14.6 AUTHOR DETAILS
The study involved four major activities in estimating the current size of the real-time location systems (RTLS) market for healthcare. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include RTLS journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.
Primary Research
In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the RTLS market for healthcare. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the RTLS market for healthcare and other dependent submarkets listed in this report.
- Key players in the industry and markets have been identified through extensive secondary research.
- In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
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Data Triangulation
After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends identified from both the demand and supply sides in the healthcare vertical.
Report Objectives
The following are the primary objectives of the study.
- To define, describe, and forecast the real-time location system (RTLS) market for healthcare, in terms of value, by offering, technology, facility type, application, and region
- To analyze and forecast the market by offering (hardware), in terms of volume
- To provide the market size estimation for North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective country-level market sizes, in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges that influence market growth
- To provide a detailed overview of the RTLS value chain
- To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
- To analyze key trends related to components, connectivity technologies, and applications that shape and influence the global RTLS market for healthcare
- To profile key players and comprehensively analyze their ranking based on their revenues and core competencies
- To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
- To analyze competitive developments such as expansions, agreements, partnerships, acquisitions, product developments, and research and development (R&D) in the RTLS market for healthcare
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Company Information:
- Detailed analysis and profiling of additional market players (up to 5)
Growth opportunities and latent adjacency in Real-Time Location Systems Market
Many vendors in RTLS market are combining two or more technologies for making their RTLS system more efficient, for example BLE technology is being combined with Wi-Fi. I would like to in the report the RTLS hybrid technologies are covered under which segment?
We corporate with the Taiwan government “The New Southbound Policy”. So we are seeing if there have possible business opportunities in South Asia countries.Usually, we ask for help from the office of trade negotiations. They will give Taiwan local companies business information on the interesting areas.For the covid-19 pandemic, Avalue’s Renity RTLS solution is suitable for Hospital’s asset tracking and management. That’s why I am looking for “RTLS Market for Healthcare”. I am collecting all kinds of information about Healthcare solutions for South Asia countries.
The hospitals and healthcare facilities are the major demand generators for RTLS. I want to gets insights on this segment. Is the market sizing on hospitals by number of beds covered in the report?
Increased market competitiveness with the emergence of startups providing innovative and customized RTLS solutions based on newer technologies is a major factor fueling the growth of RTLS market for healthcare. We are also interested in entering in this market so would like to get information on the leading players. What parameters were used to rank the players?
RFID and Wi-Fi are the prominent technologies in the RTLS market for healthcare, while UWB and BLE are the emerging ones. We want to explore the market for UWB and BLE technologies and thus want to learn more about these technologies.
Senior living spaces are the emerging application area for RTLS systems. We want to understand opportunities which this segment holds. Let us know if the report includes data on senior living spaces by hardware, technology, and region.