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3. RTLS for Healthcare Companies - Securitas Healthcare, LLC (US), Zebra Technologies Corporation (US) and Aruba Networks (US) are the Key Players

The global RTLS market for healthcare size is expected to grow from USD 2.0 billion in 2023 to USD 5.8 billion by 2028, at a CAGR of 23.5% from 2023 to 2028.  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 solutions has witnessed rapid growth with the increasing number of players entering this market with innovative RTLS features for customers.

As of 2022, Securitas Healthcare, LLC (US), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), and Savi Technology (US) were some of the major players in the global RTLS market for healthcare, holding a substantial market share of the global market. Apart from these five major players, several other notable players have substantial shares in the market. These players include TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), Advantech Co., Ltd. (Taiwan), GE HealthCare Technologies Inc. (US), Ubisense Ltd. (UK), Alien Technology, LLC (US), Cerner Corporation (US), AiRISTA Flow, Inc. (US), Sonitor Technologies (US), and Midmark Corporation (US). These companies focused on strengthening their market position by developing innovative products and acquiring small players. The RTLS market for healthcare is competitive due to the presence of many well-established players and a large number of small companies & startups globally.

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Securitas Healthcare, LLC is one of the leading companies in real-time location monitoring market. It offers a full line of safety and security solutions for residents living in senior and long-term care facilities. It offers battery-powered active Radio Frequency Identification (RFID) systems, wireless tags, and badges for safety and security needs. The Location Engine software component of the company’s AeroScout Visibility System enables location and visibility applications in a standard wireless LAN environment. This component processes information received from various vendors’ wireless access points to produce the most reliable and accurate location of assets and individuals tagged with the company’s Wi-Fi tags. AeroScout Exciters, based on Wi-Fi and ultrasound technology, provide data received from tags and badges to application software for further processing. The company’s Mobile View platform provides the facility of tracking, managing, alerting, integrating, and visualizing assets and people in real time.

Zebra Technologies Corporation founded in 1969 and headquartered in Illinois, US and operates through two business segments: Asset Intelligence & Tracking and Enterprise Visibility & Mobility. The company now caters to its customers in the RTLS market through the Enterprise Visibility & Mobility segment (starting from 2022), initially RTLS solutions were offered under the Asset Intelligence & Tracking solutions. Zebra Technologies primarily serves the healthcare, retail, manufacturing, hospitality, transportation, and logistics industries. The company's offerings include hardware and software, as well as solutions for the RTLS market. Wi-Fi, RFID, WhereNet, NFC, BLE, and UWB are among the key technology-based RTLS solutions offered by the company. 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.

Aruba Networks is a subsidiary of Hewlett Packard Enterprise Company (US) which serves various industries, such as financial services, government and military, healthcare, higher education, hospitality, and retail. The company falls under the Intelligent Edge business segment of the Hewlett Packard Enterprise Company. Further, the HPE Aruba product portfolio includes hardware products, such as switches, WiFi access points, and gateways. The HPE Aruba software and services portfolio comprises cloud-based management, network access control, location services software, and network management. The Cloud-based management of RTLS hardware includes beacons and tags, which can be integrated with any existing Wi-Fi network already laid out in an enterprise or a locality. The company also helps deploy Wi-Fi networks for end users such as hospitals, research organizations, stadiums, military facilities, hotels, and universities.

Related Reports:

RTLS Market for Healthcare by Hardware (Tags/Badges, Readers/Trackers), Technology (RFID, Wi-Fi, UWB, BLE, Infrared, Ultrasound, GPS, Zigbee), Application (Inventory/Asset Tracking, Personnel Monitoring), Facility Type, Region - Global Forecast to 2028

See Also:

Real-time Location Systems Companies

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
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