HOME Research Insight STANLEY Healthcare (U.S.) and TeleTracking Technologies, Inc. (U.S.) are two of the key players in the RTLS Market

STANLEY Healthcare (U.S.) and TeleTracking Technologies, Inc. (U.S.) are two of the key players in the RTLS Market

Real-time location system (RTLS) is referred to as a local positioning and tracking system that utilizes wireless technologies to track the exact location of assets and personnel of an enterprise and allows the tracking and management of these assets in real time with the help of tags and badges. The RTLS market for healthcare is expected to be valued at USD 3,123.7 Million by 2022, growing at a CAGR of 23.6% between 2016 and 2022. The growth of this market can be attributed to the ability of this system to provide real-time information about the location of the people and assets. Using this information the decision makers inform various healthcare organizations can make faster decisions and improve the processes.

STANLEY Healthcare (U.S.) and TeleTracking Technologies, Inc. (U.S.) are two of the key players in the RTLS market for healthcare. STANLEY Healthcare (U.S.) has a strong presence in the market; it offers a wide range of products and solutions related to RTLS which are used for various applications including patient safety, supply chain and asset management, security and protection, and clinical ops and workflow, among others. Apart from a wide RTLS product portfolio, the company’s strong brand image and customer base are some of the other factors that have helped it gain a significant position in the RTLS market for healthcare. TeleTracking Technologies, Inc. (U.S.) strong position in this market can be attributed to its significant experience of 25 years in the patient flow innovation. Some of the other companies operating in the RTLS market for healthcare include Zebra Technologies Corporation (U.S.), CenTrak, Inc. (U.S.), Versus Technologies, Inc. (U.S.), Awarepoint Corporation (U.S.), Sonitor Technologies, Inc. (U.S.), AiRISTA, LLC (U.S.), BeSpoon SAS. (France), and Cetani Corporation (U.S.).

The major players in the RTLS market for healthcare have primarily adopted the strategy of new product launches to strengthen their product portfolio and to expand the reach of their offerings to newer clients. For instance, in 2016, Sonitor Technologies, Inc. (U.S.) launched “Sonitor Sense SenseSafe” technology for its RTLS open integration platform. This technology is designed for meeting the demand of RTLS solutions for duress and safety applications. In 2015, STANLEY Healthcare (U.S.) launched T14 patient/staff badge which is meant for its AeroScout MobileView platform and is designed for advanced patient and staff applications. In 2015, CenTrak, Inc. (U.S.) added Bluetooth Low Energy (BLE) technology to its Clinical-Grade RTLS platform. This technology lets the users to incorporate embedded BLE technology available through other infrastructure providers, thereby enabling communication between CenTrak’s RTLS and nonproprietary devices.

The RTLS market for healthcare also witnessed various partnerships and agreements by the key players between 2014 and 2016. For instance, in 2016, Awarepoint Corp. (U.S.) partnered with World Wide Technology, Inc. (U.S.), which is a renowned systems integrator for delivering its Awarepoint Location as a service to its customers worldwide. In 2015, STANLEY Healthcare (U.S.) partnered with Ascom Wireless Solutions (Sweden), this partnership has led to interoperability of STANLEY Healthcare’s AeroScout Real-Time Location System (RTLS) solutions with Ascom Wireless Solutions’ Ascom Unite Messaging Suite.

Related Reports:

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

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