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Market Leaders – RTLS Market for Healthcare


The real-time locating systems (RTLS) market for healthcare is expected to grow at a CAGR of 18.3% between 2018 and 2023, to reach USD 2,941.2 million by 2023. STANLEY Healthcare (US), Zebra Technologies Corporation (US), Aruba Networks (US), CenTrak (US), and TeleTracking Technologies (US) were among a few major players in the market in 2017.

STANLEY Healthcare has strong global presence and a wide customer base, particularly in North America and Europe. The company’s acquisition of Aeroscout has helped increase its product portfolio, as well as its RTLS-related revenue generation. The company is financially strong owing to the support it gets from the parent company and is one of the top real-time locating system providers in the healthcare industry. With the diverse product portfolio, the company has grown in various regions and market segments through extending partnerships and establishing new facilities to increase its solution portfolio. The company serves more than 5,000 hospitals and healthcare systems and 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. In February 2018, the company integrated Sonitor’s indoor positioning technology into its AeroScout solution for RTLS. STANLEY has also partnered with industry leaders such as IBM, Intel, Rauland-Borg, and Critical Alert Systems for research and development in RTLS. The company has collaborated with different organizations to create awareness about the role of RTLS in patient care and asset management. For instance, in July 2016, the company extended its support to the Alzheimer’s Association. The company showcased its products in various events, including HIMSS 2018.

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Zebra Technologies has a major competitive edge owing to its robust market presence and financial strength. Zebra Technologies acquired the Enterprise business of Motorola Solutions for USD 3.45 billion in October 2014, which enabled the company to achieve its goal of widening its presence, and maintaining and gaining a competitive edge in the RTLS market for healthcare. The company has a diversified product portfolio specific to the healthcare industry. The company has been involved in developing customized RTLS solutions for its customers, which enables strong customer satisfaction. The company has been focusing on developing RTLS solutions based on advanced technologies such as Wi-Fi, UWB, GPS, BLE, and RFID to grow in the RTLS market for healthcare. It has also adopted inorganic strategies, such as partnerships and acquisitions to evolve in the RTLS market for healthcare. For instance, in June 2017, it collaborated with GE Healthcare to develop an RTLS solution that helps hospitals to effectively manage their mobile asset inventory.

Related Reports:

RTLS Market for Healthcare by Facility Type (Hospitals & Healthcare Facilities, Senior Living), Offering (Hardware, Software, Services), Technology (RFID, Wi-Fi, BLE, UWB, IR, Ultrasound), Application/Use case, and Geography - Global Forecast to 2023

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