Press release
RTLS for Healthcare Market Growth Prospects, Regional Trends and Business Demand, Top Players (Aruba Networks, IMPINJ, TeleTracking Technologies, CenTrak, AiRISTA Flow) Opportunities with Forecasts 2025
RTLS for Healthcare Market
The growing demand for RTLS for Healthcare has provided a major boost to the Global RTLS for Healthcare Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.
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This reports study involves extensive use of secondary sources, directories, and databases such as Hoovers, BusinessWeek, OneSource, and Factiva to identify and collect information useful for this technical, market-oriented, and commercial study of the RTLS for Healthcare market for healthcare. Primary sources mainly comprise several experts from the core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, standards, and certification organizations related to various parts of this industry's value chain. In-depth interviews of various primary respondents, including key industry participants, subject matter experts, C-level executives of key companies, and consultants, have been conducted to obtain and verify critical qualitative and quantitative information as well as assess future prospects. The following figure shows the market research methodology applied in making this report on the RTLS for Healthcare market.
The global RTLS for Healthcare Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.
Based on Product Type, the market is divided into:
1 Hardware
2 Software
3 Services
The hardware segment accounted for largest share of the RTLS for Healthcare market for healthcare in 2017. The market share of the hardware segment is expected to decrease during the forecast period mainly because of the falling ASPs of tags and readers as the technology further matures. Although the price of hardware components of RTLS for Healthcare solutions is expected to decrease in the near future, the required volume of these hardware components would increase.
On the basis of End Use Industry, the market is split into:
1 Inventory/Asset - Tracking & Management
2 Personnel/Staff - Locating & Monitoring
3 Access Control/Security
4 Environmental Monitoring
5 Supply Chain Management & Operational Automation/Visibility
Hospitals and healthcare facilities are likely to continue to dominate the RTLS market for healthcare during the forecast period by accounting for a larger market share. Hospitals in the US and European countries have a high demand for RTLS solutions for enhancing their operations, optimizing resource utilization, and increasing profitability. RTLS solutions provide real-time information about the location of people and assets, which helps healthcare organizations in making faster decisions and improving their operational processes. Additionally, the rapid growth in IoT in the healthcare industry has led to the increased adoption of RTLS, thereby accelerating the growth of the market.
Objectives of the Study
To describe and forecast the global RTLS for Healthcare Market on the basis of Product Type, industry verticals, Channel and regions.
To forecast the RTLS for Healthcare Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.
To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.
To provide detailed information regarding the major factors influencing the growth of the RTLS for Healthcare Market (drivers, restraints, opportunities, and challenges).
To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.
To strategically profile key players and comprehensively analyze their core competencies and positioning.
To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the RTLS for Healthcare Market.
Some of the RTLS for Healthcare Market manufacturers involved in the market are STANLEY Healthcare (US), Zebra Technologies Corporation (US), Aruba Networks (US), IMPINJ (US), TeleTracking Technologies (US), CenTrak (US), AiRISTA Flow (US), Sonitor Technologies (Norway), Versus Technology (US), Identec Group (Liechtenstein), DecaWave (Ireland), Redpine Signals (US), Sanitag (Turkey), Mojix (US), Intelligent InSites (US), while Cerner Corporation (US), GE Healthcare (US), Secure Care Products (US), Borda Technology (Turkey), Cetani Corp. (US), Acquisitions and effective mergers are some of the strategies adopted by the RTLS for Healthcare Market manufacturers. New product launches and continuous technological innovations are the RTLS for Healthcare Market strategies adopted by the major players.
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Asia Pacific was a prominent market for RTLS for Healthcares in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the RTLS for Healthcare market in Asia Pacific.
There are several manufacturers of RTLS for Healthcares in Europe and North America. In North America, the demand for RTLS for Healthcares is primarily driven by the residential sector. Improved standards of living and rising usage of RTLS for Healthcares for flooring purpose are anticipated to drive the market in North America.
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Table of Contents:
Global RTLS for Healthcare Market Report 2020
1 RTLS for Healthcare Definition
2 Global RTLS for Healthcare Market Major Player Share and Market Overview
3 Major Player RTLS for Healthcare Business Introduction
4 Global RTLS for Healthcare Market Segmentation (Region Level)
5 Global RTLS for Healthcare Market Segmentation (Product Type Level)
6 Global RTLS for Healthcare Market Segmentation (Industry Level)
7 Global RTLS for Healthcare Market Segmentation (Channel Level)
8 RTLS for Healthcare Market Forecast 2020-2024
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