Real-Time Location System for Healthcare Market How it is Going to Impact in COVID-19 to Grow in Near Future 2030 | STANLEY Healthcare, Zebra Technologies Corporation, Aruba Networks

Real time location system for healthcare is one of the modern technologies specially designed for healthcare industry that improves facilities for hospital staff and patients. Healthcare facilities normally face issues, such as staff satisfaction, safety of their facility, provision of quality care to patients, significantly priced workflow inefficiencies, which eventually affect their bottom line. In order to get all the things done right, information technology is increasingly implemented in hospitals and other medical settings. However, the adoption of real-time location system has proved significant impact on the industry. Innovators in the industry are constantly focused on improvements in technologies for better patient care and streamlining of business operations for medical facilities. The challenges that were witnessed earlier are now being addressed by the implementation of (RTLS) real time location systems. The system efficiently deals with patient monitoring and supervision of valuable medical equipment and staff in emergency cases, making it ideal for use in this industry.

Market Industry Reports (MIR) has published a new report titled "Real-Time Location Systems for Healthcare Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019-2030." According to the report, the global real-time location systems for healthcare market is estimated to account for over US$ 1.35 billion in 2019. It is anticipated to grow at a healthy CAGR of 17.5% from 2019 to 2030.

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Top Players:

Some of the prominent players in the real-time location systems for healthcare market include STANLEY Healthcare, Zebra Technologies Corporation, Aruba Networks, IMPINJ, TeleTracking Technologies, CenTrak, AiRISTA Flow, Sonitor Technologies, Versus Technology, and Identec Group, among others.

Scope of Report:

Real-time location systems are used in healthcare facilities to track patients and staff with help of sequential images. Also, the system being capable of collecting real-time data about locations & status of personnel and patients. This helps the caretaker of facility to react to emergency situations. For instance, RTLS helps in tracking whether the members are complying with the rules & regulations pertaining to sterilization and hygiene. It also helps in minimizing the risks of nosocomial infections.

Real-time location systems are parts of IoT devices used in healthcare facilities that help in capturing real-time information from remote locations. There have been various wall-penetrating technologies such as Wi-Fi, Bluetooth Low Energy and various others that are used in IoT solutions. These help in sending & receiving signals across walls; for instance, Wi-Fi sensors can communicate with monitor unit that is located a few feet away and tracks temperature.

North America is expected to dominate the real-time location systems for healthcare market owing to factors such as adoption of the technology by several hospitals in the U.S. for safe & effective communications and presence of various market players in region. The U.S. represents one of the largest markets of healthcare sector followed by Canada.

Asia Pacific is estimated to account for highest CAGR in real-time location systems for healthcare market over the forecast period 2019 to 2030, owing to advancements in healthcare facilities in developing countries such as China, India, and others.

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Table of Contents

INTRODUCTION
Market Definition
Market Classification
Geographic Scope
Years Considered for the Study: Historical Years - 2016 & 2017; Base Year - 2018; Forecast Years - 2019 to 2030
Currency Used

RESEARCH METHODOLOGY
Research Framework
Data Collection Technique
Data Sources
Secondary Sources
Primary Sources
Market Estimation Methodology
Bottom Up Approach
Top Down Approach
Data Validation and Triangulation
Market Forecast Model
Limitations/Assumptions of the Study

ABSTRACT OF THE STUDY

MARKET DYNAMICS ASSESSMENT
Overview
Drivers
Barriers/Challenges
Opportunities

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