Real-Time Location Systems (RTLS) Market - Trends in Forthcoming years and key Factors Behind the Growth and Demand

RTLS or Real Time Location System is a combination of hardware, software and service components, which is used for the realtime monitoring, tracking and management of equipments, patients, and staff personnels. The Real Time Location Systems find applications in civil as well as military healthcare facilities. With continuous advancements in healthcare technology, the RLTS are finding increase in adoption in many parts of the world, with developed countries at the pioneering position. Additionally, increasing penetration of Internet of Thing applications in the healthcare industry, is fueling the growth of RLTS market for Healthcare.

The RTLS Market for Healthcare analysis is segmented by product type, technology, facility type, application, and geography. On the basis of product type segment, the market is segmented into hardware, software, and services. The hardware product sub-segment is divided into tags/badges, readers/trackers/access points, and others. Similarly, the software product sub-segment is segmented into application, middleware, and location analytics engine. The services sub-segment is further segmented into consulting, support and maintenance,and deployment & integration services. Among the product type segment, hardware segment contributed a largest market share toward the market in 2017 and is anticipated to undergow steady growth during the forecast period in terms of volume consumption over the globe.

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On the basis of technology segment, the market is segmented into RFID, Wi-Fi, UWB, BLE, Infrared (IR), Ultrasound, and Other technologies. Similarly, on the basis of type of facility, the market is segmented into hospitals & healthcare facilities, and senior living facilities. In the facility type segment, the market was dominated by hospital & healthcate facilities in 2017. On the basis of applications, the RTLS market for healthcare is segmented into inventory/asset - tracking and management, personel/staff - locating and monitoring,security & access control, environment monitoring, supply chain management, operation automation/visibility, and others. The environmental monitoring applications are segmented into temperature monitoring, and humidity and air pressure monitoring. By geography, the RTLS Market for Healthcare is segmented into. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Owing to the presence of large number of healthcare facilitiises in the United States, North America contributed the largest market share to the global RTLS market for healthcare. Additionally, Europe and North America are expected to show steady growth during the years to come. India, China, Japan, and other South Asian countries are anticipated to grow at a exponential rate during the forecast period, with China being the leading market with increase in number of it’s aeging population, along with the need for its ever-growing population. South Africa is also expected to offer good potential for the RTLS Market for Healthcare in the years to come with increasing development and investments in the healthcare industry.

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Some of the companies in the RTLS Market for Healthcare market are Airista, Aruba Networks, Borda Technology, Centrak, Cerner Corp., Cetani Corp., Decawave, Ge Healthcare, Identec Group, Impinj, Intelligent Insites, Mojix, Redpine Signals, Sanitag, Secure Care Products, Sonitor Technologies, Stanley Healthcare, Teletracking Technologies, Versus Technology, and Zebra Technologies, among others. The major companies operating in the global RTLS Market for Healthcare are focusing to enhance their product offerings to be the top contenders in the market.

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