RTLS for Healthcare Market to Reach US$ 6,384.45 Mn by 2027 - Midmark, Sanitag, Sonitor Technologies, CenTrak, Impinj, Intelligent InSites, Stanley Healthcare and Teletracking Technologies

RTLS for healthcare market is expected to reach US$ 6,384.45 Mn in 2027 from US$ 1,455.73 Mn in 2018. The market is estimated to grow with a CAGR of 18.6% from 2019-2027.

The market for RTLS for healthcare is expected to grow, owing to factors such as Benefits associated with RTLS system like it helps to reduce operation cost, managing hospital assets and patient tracking system is likely to have a positive impact on the growth of the market in the coming years.

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The major players operating in the RTLS for healthcare market include, CenTrak, Impinj, Inc., Intelligent InSites, Aruba (Hewlett Packard Enterprise Development LP), Midmark Corporation, Sanitag, Sonitor Technologies, Stanley Healthcare and Teletracking Technologies among the others. The market has witnessed various organic as well as inorganic developments during recent years in the RTLS for healthcare market. For instance, in July 2018, Zebra Technologies Corporation, the market leader in rugged mobile computers, barcode scanners and barcode printers enhanced with software and services to enable real-time enterprise visibility, announced two new healthcare barcode printing solutions that can identify patients and specimens at the point of care.

Inventory & asset tracking segment is expected to grow the market for RTLS for healthcare over the forecast period for end user segment.

Global RTLS for healthcare market, based on the application, was segmented as, inventory and asset tracking, patient and staff tracking, access control and security, environment monitoring, supply chain management and operation automation and others. In 2018, inventory and asset tracking held the largest share of the market, by application. In addition, the segment is also anticipated to grow at a significant rate during the forecast period. The benefits such as RTLS can automate inventory control, and thus this reduces the physically managing inventory which are labor-intensive, costly, and time-consuming these factors are anticipated to lead to the growth of the segment during the forecast period.

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The report segments the Global RTLS for healthcare Market as follows:

Global RTLS for healthcare Market – By Technology

RFID
Wi-Fi
Bluetooth
GPS
UWB
Others
Global RTLS for healthcare Market – By Facility Type
Hospitals and Healthcare Facilities
Senior Living Centres

Global RTLS for healthcare Market – By Application

Inventory and Asset Tracking
Patient and Staff Tracking
Access Control and Security
Environment Monitoring
Supply Chain Management and Operation Automation
Others

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