RTLS Market for Healthcare by Facility Type (Hospitals and Health Facilities and Senior Living Facilities), Offering (Hardware, Software, and Services), Technology (RFID, Wi-Fi, BLE, and UWB), Application, and Geography - Global Forecast to 2022

The RTLS market for healthcare was valued at USD 580.1 Million in 2015 and is estimated to reach USD 3,123.7 Million by 2022, at a CAGR of 23.6% during the forecast period. The base year used for this study is 2015, and the forecast period considered is between 2016 and 2022.

The objectives of the study are as follows:

• To define, describe, and forecast the RTLS market for healthcare, segmented on the basis of facility type, offering, technology, application, and geography
• To forecast the market size, in terms of volume, for hardware-based RTLS market for healthcare
• To forecast the size of the RTLS market for healthcare in terms of value and its market segments with respect to four main regions North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To identify the major market trends and factors driving or inhibiting the growth of the RTLS market for healthcare and its submarkets
• To provide value chain analysis as well as the impact of the Porter’s five forces on the market
• To strategically analyze the submarkets with respect to individual growth trends and contribution to the overall RTLS market for healthcare
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the RTLS market for healthcare
• To strategically profile the key players operating in the RTLS market for healthcare and comprehensively analyze their market ranking and core competencies
• To analyze the strategic developments such as new product launches, alliances, joint ventures, and mergers & acquisitions in the RTLS market for healthcare

The research methodology used to estimate and forecast the RTLS market for healthcare begins with obtaining data on key vendor revenues through secondary research. Some of the secondary sources used in this research include information from various journals and databases such as IEEE journals, RFID journals, Factiva, Hoovers, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the RTLS market for healthcare from the revenues of the key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews of officials holding key positions in the industry such as CEOs, VPs, directors, and executives. The market breakdown and data triangulation procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primaries has been depicted in the figure below:

To know about the assumptions considered for the study, download the pdf brochure

The RTLS for healthcare ecosystem comprises RTLS-related hardware, software, and service vendors such as STANLEY Healthcare (U.S.), TeleTracking Technologies, Inc. (U.S.), CenTrak, Inc. (U.S.), Versus Technologies, Inc. (U.S.), Awarepoint Corporation (U.S.), Zebra Technologies Corporation (U.S.), Sonitor Technologies, Inc. (U.S.), AiRISTA, LLC (U.S.), BeSpoon SAS. (France), and Cetani Corporation (U.S.), among others, who sell these products and solutions to end users to cater to their unique requirements. The end users of RTLS in the healthcare industry comprise hospitals, health facilities, and senior living facilities.

The Target Audience:

• RTLS and RFID hardware, software, and related service providers
• Healthcare institutions
• Research organizations and consulting companies
• RTLS-related associations, organizations, forums, and alliances
• Distributors and traders
• Government bodies such as regulating authorities and policy makers
• Venture capitalists, private equity firms, and startup companies

“The study answers several questions for the target audiences, primarily which market segments to focus on in next two to five years for prioritizing the efforts and investments.”

Report Scope:

In this report, the RTLS market for healthcare has been segmented into the following categories, which have been detailed below:

RTLS Market for Healthcare, by Facility Type:

• Hospital and Health Facilities
• Senior Living Facilities

RTLS Market for Healthcare, by Device Type:

• Hardware
• Software
• Services

RTLS Market for Healthcare, by Technology:

• RFID
• Wi-Fi
• Infrared
• Ultrasound
• ZigBee
• UWB
• BLE
• Others

RTLS Market for Healthcare, by Application:

• Asset Tracking & Management
• Staff Tracking
• Patient Tracking
• Clinical Operations & Workflow
• Environment Monitoring
• Others

RTLS Market for Healthcare, by Geography:

• North America (U.S., Canada, and Mexico)
• Europe (U.K., Germany, France, and Others)
• Asia-Pacific (China, Japan, India, and Others)
• Rest of the World

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to the 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 five)

Table of Contents

1 Introduction (Page No. - 13)
    1.1 Objectives of the Study
    1.2 Market Definition
    1.3 Study Scope
           1.3.1 Year Considered for the Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 16)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Key Data From Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources: RTLS for Healthcare
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Market Breakdown and Data Triangulation
    2.4 Assumptions

3 Executive Summary (Page No. - 25)

4 Premium Insights (Page No. - 29)
    4.1 Opportunities for RTLS Market for Healthcare
    4.2 RTLS Market for Healthcare, By Facility Type (2016–2022)
    4.3 RTLS Market for Healthcare, By Region and Application
    4.4 RTLS Market for Healthcare Market, By Technology
    4.5 RTLS Market for Healthcare, By Region (2016)

5 Market Overview (Page No. - 32)
    5.1 Introduction
    5.2 Market Segmentation
           5.2.1 By Facility Type
           5.2.2 By Offering
           5.2.3 By Technology
           5.2.4 By Application
           5.2.5 By Geography
    5.3 Market Dynamics
           5.3.1 Drivers
                    5.3.1.1 Increasing Concern for Safety and Security
                    5.3.1.2 Improved Resource Utilization and Workflow Optimization With RTLS
                    5.3.1.3 Decrease in Cost of RTLS Hardware and Software
                    5.3.1.4 Increasing Government Investments
           5.3.2 Restraints
                    5.3.2.1 Inter Compatibility and Interoperability Issues, and Lack of Uniform Standards
                    5.3.2.2 High Cost of Installation and Maintenance
                    5.3.2.3 Concerns Regarding Data Security and Privacy
           5.3.3 Opportunities
                    5.3.3.1 Large Untapped Market
                    5.3.3.2 Growing Demand From APAC Region
           5.3.4 Challenges
                    5.3.4.1 Complicated Trade-Off Between Accuracy, Range, and Power Consumption

6 Industry Trends (Page No. - 42)
    6.1 Introduction
    6.2 Value Chain Analysis
    6.3 Porter’s Five Forces Model
           6.3.1 Threat of New Entrants
           6.3.2 Threat of Substitutes
           6.3.3 Bargaining Power of Suppliers
           6.3.4 Bargaining Power of Buyers
           6.3.5 Intensity of Competitive Rivalry

7 RTLS Market for Healthcare, By Facility Type (Page No. - 48)
    7.1 Introduction
    7.2 Hospitals and Health Facilities
    7.3 Senior Living Facilities

8 RTLS Market for Healthcare, By Offering (Page No. - 53)
    8.1 Introduction
    8.2 Hardware
           8.2.1 Tags/Badges
           8.2.2 Readers/Trackers
           8.2.3 Other Related Hardware
    8.3 Software
    8.4 Services
           8.4.1 Consulting
           8.4.2 Deployment and Integration
           8.4.3 Application Support and Maintenance

9 RTLS Market for Healthcare, By Technology (Page No. - 58)
    9.1 Introduction
    9.2 RFID
    9.3 Wi-Fi
    9.4 Infrared
    9.5 Ultrasound
    9.6 Zigbee
    9.7 Ultrawide Band (UWB)
    9.8 Bluetooth Low Energy (BLE)
    9.9 Other Technologies

10 RTLS Market for Healthcare, By Application (Page No. - 74)
     10.1 Introduction
     10.2 Asset Tracking and Management
     10.3 Staff Tracking
     10.4 Patient Tracking
     10.5 Clinical Operations and Workflow
     10.6 Environment Monitoring
             10.6.1 Temperature Monitoring
             10.6.2 Humidity and Pressure Monitoring
     10.7 Other Applications
             10.7.1 Blood Tracking
             10.7.2 Hand Hygiene Compliance

11 Devices and Equipment Used in RTL Systems (Page No. - 87)
     11.1 Introduction
     11.2 Medical Equipment
     11.3 Critical Medical Devices and Surgical Instruments
     11.4 Laboratory Equipment
     11.5 Monitoring Equipment

12 RTLS Market for Healthcare, By Geography (Page No. - 89)
     12.1 Introduction
     12.2 North America
             12.2.1 U.S.
             12.2.2 Canada
             12.2.3 Mexico
     12.3 Europe
             12.3.1 U.K.
             12.3.2 Germany
             12.3.3 France
             12.3.4 Rest of Europe
     12.4 Asia-Pacific
             12.4.1 Japan
             12.4.2 China
             12.4.3 India
             12.4.4 Rest of APAC
     12.5 Rest of the World (RoW)
             12.5.1 South America
             12.5.2 Middle East and Africa

13 Competitive Landscape (Page No. - 109)
     13.1 Overview
     13.2 Market Ranking Analysis
     13.3 Competitive Situation
             13.3.1 New Product Launches and Product Developments
             13.3.2 Partnerships, Agreements and Collaborations
             13.3.3 Announcements and Awards
             13.3.4 Acquisitions and Alliances

14 Company Profiles (Page No. - 117)
     14.1 Introduction
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
     14.2 Stanley Healthcare
     14.3 Teletracking Technologies, Inc.
     14.4 Centrak, Inc.
     14.5 Versus Technology, Inc.
     14.6 Awarepoint Corporation
     14.7 Zebra Technologies Corporation
     14.8 Sonitor Technologies, Inc
     14.9 Airista, LLC
     14.10 Bespoon Sas.
     14.11 Cetani Corporation

*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.

15 Appendix (Page No. - 142)
     15.1 Insights of Industry Experts
     15.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     15.4 Introducing RT: Real-Time Market Intelligence
     15.5 Available Customizations
     15.6 Related Reports
     15.7 Author Details

List of Tables (65 Tables)

Table 1 RTLS Market for Healthcare, By Facility Type, 2013–2022 (USD Million)
Table 2 Hospitals and Health Facilities Segment of the RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 3 Senior Living Facilities Segment of the RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 4 RTLS Market for Healthcare, By Offering, 2013–2022 (USD Million)
Table 5 Hardware-Based RTLS Market for Healthcare, By Type, 2013–2022 (USD Million)
Table 6 Hardware-Based RTLS Market for Healthcare, By Type, 2013–2022 (Thousand Units)
Table 7 RTLS Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 8 RFID-Based RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 9 RFID-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 10 Wi-Fi–Based RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 11 Wi-Fi–Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 12 Infrared-Based RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 13 Infrared-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 14 Ultrasound-Based RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 15 Ultrasound-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 16 Zigbee-Based RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 17 Zigbee-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 18 UWB-Based RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 19 UWB-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 20 BLE-Based RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 21 BLE-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 22 Other Technology-Based RTLS for Healthcare, By Application, 2013–2022 (USD Million)
Table 23 Other Technology-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 24 RTLS Market for Healthcare, By Application, 2013–2022 (USD Million)
Table 25 Asset Tracking and Management-Based RTLS Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 26 Asset Tracking and Management-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 27 Staff Tracking Application-Based RTLS Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 28 Staff Tracking Application-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 29 Patient Tracking Application-Based RTLS Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 30 Patient Tracking Application-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 31 Clinical Operations and Workflow Application-Based RTLS Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 32 Clinical Operations and Workflow Application-Based RTLS Market for Healthcare, By Region 2013–2022 (USD Million)
Table 33 Environment Monitoring Application-Based RTLS Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 34 Environment Monitoring Application-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 35 Other Application-Based RTLS Market for Healthcare, By Technology, 2013–2022 (USD Million)
Table 36 Other Application-Based RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 37 RTLS Market for Healthcare, By Region, 2013–2022 (USD Million)
Table 38 RTLS Market for Healthcare in North America, By Country, 2013–2022 (USD Million)
Table 39 RTLS Market for Healthcare in North America, By Technology, 2013–2022 (USD Million)
Table 40 RTLS Market for Healthcare in North America, By Application, 2013–2022 (USD Million)
Table 41 RTLS Market for Healthcare in the U.S., By Facility Type, 2013–2022 (USD Million)
Table 42 RTLS Market for Healthcare in Canada, By Facility Type, 2013–2022 (USD Million)
Table 43 RTLS Market for Healthcare in Mexico, By Facility Type, 2013–2022 (USD Million)
Table 44 RTLS Market for Healthcare in Europe, By Country, 2013–2022 (USD Million)
Table 45 RTLS Market for Healthcare in Europe, By Technology, 2013–2022 (USD Million)
Table 46 RTLS Market for Healthcare in Europe, By Application, 2013–2022 (USD Million)
Table 47 RTLS Market for Healthcare in U.K., By Facility Type, 2013–2022 (USD Million)
Table 48 RTLS Market for Healthcare in Germany, By Facility Type, 2013–2022 (USD Million)
Table 49 RTLS Market for Healthcare in France, By Facility Type, 2013–2022 (USD Million)
Table 50 RTLS Market for Healthcare in Rest of Europe, By Facility Type, 2013–2022 (USD Million)
Table 51 RTLS Market for Healthcare in APAC, By Country, 2013–2022 (USD Million)
Table 52 RTLS Market for Healthcare in APAC, By Technology, 2013–2022 (USD Million)
Table 53 RTLS Market for Healthcare in APAC, By Application, 2013–2022 (USD Million)
Table 54 RTLS Market for Healthcare in Japan, By Facility Type, 2013–2022 (USD Million)
Table 55 RTLS Market for Healthcare in China, By Facility Type, 2013–2022 (USD Million)
Table 56 RTLS Market for Healthcare in India, By Facility Type, 2013–2022 (USD Million)
Table 57 RTLS Market for Healthcare in Rest of APAC, By Facility Type, 2013–2022 (USD Million)
Table 58 RTLS Market for Healthcare in RoW, By Region, 2013–2022 (USD Million)
Table 59 RTLS Market for Healthcare in South America, By Facility Type, 2013–2022 (USD Million)
Table 60 RTLS Market for Healthcare in Middle East and Africa, By Facility Type, 2013–2022 (USD Million)
Table 61 Ranking Analysis: RTLS Market for Healthcare
Table 62 New Product Launches and Product Developments, 2015–2016
Table 63 Partnerships, Agreements and Collaborations, 2015–2016
Table 64 Announcements and Awards, 2015–2016
Table 65 Acquisitions and Alliances, 2014–2016

List of Figures (50 Figures)

Figure 1 Market Segmentation: RTLS Market for Healthcare
Figure 2 RTLS Market for Healthcare: Research Design
Figure 3 Breakdown of Primaries
Figure 4 Size Estimation Methodology for RTLS Market for Healthcare: Bottom-Up Approach
Figure 5 RTLS Market for Healthcare Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 RTLS Market for Healthcare: Market Size Analysis
Figure 8 RTLS for Healthcare Market Snapshot (2016 vs 2022): Wi-Fi Segment Expected to Dominate During the Forecast Period
Figure 9 North America Accounted for the Largest Share of the RTLS Market for Healthcare in 2015
Figure 10 Attractive Growth Opportunities in the RTLS Market for Healthcare in the APAC Region During the Forecast Period
Figure 11 Senior Living Facilities Segment to Grow at the Highest CAGR Between 2016 and 2022
Figure 12 North America to Hold the Largest Share of the RTLS Market for Healthcare in 2016
Figure 13 Wi-Fi–Based RTLS Market for Healthcare to Hold the Largest Share During the Forecast Period (2016–2022)
Figure 14 U.S. to Hold the Largest Share of the RTLS Market for Healthcare in 2016
Figure 15 RTLS Market for Healthcare, By Geography
Figure 16 Drivers, Restraints, Opportunities and Challenges for the RTLS Market for Healthcare
Figure 17 North America Expected to Witness Highest Adoption of RTLS for Clinical Operations and Workflow Application
Figure 18 APAC Expected to Grow at the Highest Rate in the Senior Living Facilities Segment of the RTLS Market for Healthcare During the Forecast Period
Figure 19 Value Chain Analysis of the RTLS Market for Healthcare: Maximum Value Addition Between Hardware and Software Providers, and RTLS Integrators, Developers and Service Providers Stages
Figure 20 Porter’s Five Forces Analysis 2015
Figure 21 Porter’s Analysis: the RTLS Market for Healthcare
Figure 22 Impact Analysis of Threat of New Entrants
Figure 23 Impact Analysis of Threat of Substitutes
Figure 24 Impact Analysis of Bargaining Power of Suppliers
Figure 25 Impact Analysis of Bargaining Power of Buyers
Figure 26 Impact Analysis of Intensity of Competitive Rivalry
Figure 27 Segmentation of RTLS Market for Healthcare, By Facility Type
Figure 28 Hospitals and Health System Facilities Segment Expected to Hold A Larger Size of the RTLS Market for Healthcare During the Forecast Period
Figure 29 Service-Based RTLS Market for Healthcare to Grow at the Highest Rate During the Forecast Period
Figure 30 Segmentation of RTLS Market for Healthcare, By Technology
Figure 31 North America to Lead the Wi-Fi–Based RTLS Market for Healthcare During the Forecast Period
Figure 32 Zigbee-Based RTLS Market for Healthcare to Grow at the Highest Rate in APAC During the Forecast Period
Figure 33 North America to Lead the BLE-Based RTLS Market for Healthcare During the Forecast Period
Figure 34 Segmentation of the RTLS Market for Healthcare, By Application
Figure 35 Wi-Fi Technology to Lead Staff Tracking Application-Based RTLS Market for Healthcare During the Forecast Period
Figure 36 BLE Technology to Grow at Highest Rate in the Clinical Operations and Workflow Application-Based RTLS Market for Healthcare During the Forecast Period
Figure 37 Geographic Snapshot (2015): APAC Countries Expected to Witness Significant Growth During the Forecast Period
Figure 38 Snapshot of RTLS Market for Healthcare in North America: Asset Tracking and Management Application Expected to Lead During the Forecast Period
Figure 39 Snapshot of RTLS Market for Healthcare in Europe: Germany Expected to Lead the RTLS Market for Healthcare During the Forecast Period
Figure 40 Snapshot of RTLS Market for Healthcare in APAC: China Expected to Be the Fastest Growing Country in Terms of CAGR During the Forecast Period
Figure 41 Companies Adopted New Product Launches and Product Developments as the Key Growth Strategy (2014–2016)
Figure 42 Market Evolution Framework: New Product Launches and Product Developments Fuelled Growth and Innovation Between 2014 and 2016
Figure 43 Battle for Market Share: New Product Launches and Product Developments as Key Strategies
Figure 44 Stanley Black & Decker, Inc.: Company Snapshot
Figure 45 Stanley Healthcare: SWOT Analysis
Figure 46 Teletracking Technologies, Inc.: SWOT Analysis
Figure 47 Centrak, Inc.: SWOT Analysis
Figure 48 Versus Technologies, Inc.: SWOT Analysis
Figure 49 Awarepoint Corporation: SWOT Analysis
Figure 50 Zebra Technologies Corporation: Company Snapshot

The RTLS market for healthcare was valued at USD 580.1 Million in 2015 and is expected to reach USD 3,123.7 Million by 2022, at a CAGR of 23.6% during the forecast period. The growth of this market is being propelled by the growing demand for RTLS especially from the hospitals and health facilities for various applications including asset tracking and management, staff tracking, patient tracking, and clinical operations and workflow, among others.

The report covers the RTLS market for healthcare on the basis of facility type, offering, technology, application, and geography. The RTLS market for healthcare is expected to be led by hospital and health facilities segment during the forecast period. The growth of this market is being propelled by the high demand for RTLS from the hospitals for enhancing their operations, optimizing resource utilization, and increasing their profitability.

The hardware segment dominated the RTLS market for healthcare. One of the major factors accelerating the growth of this segment is the decrease in price of RTLS-related hardware, especially of tags and badges, due to technological advancements and rise in demand.

Asset tracking and management application accounted for the largest share of the overall RTLS market for healthcare. Using RTLS for tracking assets helps the healthcare organizations to maintain optimum level of inventory, locate the critical equipment and devices with ease, and increase security level of assets.

The BLE-based RTLS for healthcare and UWB-based RTLS for healthcare are expected to witness significant growth in the RTLS market for healthcare during the forecast period. The high precision and accuracy offered by UWB technology for tracking objects is driving the growth of UWB-based RTLS market for healthcare, while the low power consumption feature of BLE is the driving factor for the BLE-based RTLS market for healthcare.

North America held the largest size of the RTLS market for healthcare in 2015. The leading position of North America can be attributed to the high demand for RTLS in this region due to the presence of a large number of hospitals, health facilities, and senior living facilities.

The key restraining factors for the growth of the RTLS market for healthcare are lack of uniform standards in the RTLS market, and high cost of installation and maintenance. This report describes the drivers, restraints, opportunities, and challenges pertaining to the RTLS market for healthcare. In addition, it analyzes the current scenario and forecasts the market till 2022, including the market segmentation based on facility type, offering, technology, application, and geography.

Some of the major companies operating in the RTLS market for healthcare are STANLEY Healthcare (U.S.), TeleTracking Technologies, Inc. (U.S.), CenTrak, Inc. (U.S.), Versus Technologies, Inc. (U.S.), and Awarepoint Corp. (U.S.).

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