The report "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" According to the new research report the global RTLS market in healthcare is projected to reach USD 3.9 billion in 2025 from USD 1.4 billion in 2020, at a CAGR of 23.0% between 2020 and 2025.Rise in market competitiveness leading to cost-effective RTLS solutions, high return on investment, and safety and security concerns in healthcare facilities are the major factors contributing to the growth of the RTLS market in healthcare.
Browse 138 market data Tables and 70 Figures spread through 227 Pages and in-depth TOC on "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"
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Hardware segment to account the largest share of the RTLS market in healthcare
The hardware segment to account the largest share of the RTLS market in healthcare during the forecast period. The dominance can be attributed to increased demand for RTLS hardware solution in the healthcare sector for inventory tracking and management, staff locating and monitoring, patient tracking, and access control and security. Also, they make up a major part of the overall cost of the RTLS solution.
Ultra-wideband (UWB) technology is expected to register the highest CAGR during the forecast period
UWB technology is expected to register the highest CAGR in the RTLS market in healthcare during the forecast period. The high CAGR is attributed to its ability to provide more accurate data than other technologies-based RTLS solutions. Also, it can support locating objects down to the range of a few centimeters.
North America held a significant share of the global RTLS market in healthcare
North America held a significant share of the global RTLS market in healthcare during the forecast period. The growth can be attributed to huge presence of RTLS manufacturers and consumers in the region as well as well-established economy which allows for investments in new technologies. In addition, several healthcare organizations in the region are adopting RTLS solutions to increase their staff productivity and perform optimum asset utilization.
The report profiles key players such as 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).
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