RTLS for Healthcare Market to Witness Steady Growth at 18.6% CAGR During 2027 - Lead by CenTrak, Impinj, Midmark, Sanitag, Sonitor Technologies and Stanley Healthcare

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 report highlights the trends prevalent in the global RTLS for healthcare market and the factors driving the market along with those that act as deterrents to its growth.

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.

The report aims to provide a 360-degree view of the market in terms of cutting-edge technology, key developments, drivers, restraints and future trends with impact analysis of these trends on the market for short-term, mid-term and long-term during the forecast period. Further, the report also covers key players profiling with detailed SWOT analysis, financial facts and key developments of products/service from the past three years.

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Top Dominating Key Players:

1. CenTrak
2. Impinj, Inc
3. Intelligent InSites
4. Aruba (Hewlett Packard Enterprise Development LP)
5. Midmark Corporation
6. Sanitag
7. Sonitor Technologies
8. Stanley Healthcare
9. Teletracking Technologies, Inc
10. Zebra Technologies Corp

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.

Key questions answered in the report include -

What will the market size and the growth rate be in 2027?
What are the key factors driving the global RTLS for Healthcare market?
What are the key market trends impacting the growth of the RTLS for Healthcare market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the vendors in the global RTLS for Healthcare market?
Trending factors influencing the market shares of the Americas, APAC, and EMEA?
What are the key outcomes of the five forces analysis of the RTLS for Healthcare market?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the RTLS for Healthcare Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the RTLS for Healthcare Market segments and regions.

Scope of the study:

The research on the RTLS for Healthcare Market focuses on mining out valuable data on investment pockets, growth opportunities, and major market vendors to help clients understand their competitor’s methodologies. The research also segments the RTLS for Healthcare Market on the basis of end user, product type, application, and demography for the forecast period 2020 - 2027. Comprehensive analysis of critical aspects such as impacting factors and competitive landscape are showcased with the help of vital resources, such as charts, tables, and infographics.

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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Reasons to Buy the Report:

Learn about the driving factors, affecting the market growth.
Imbibe the advancements and progress in the market during the forecast period.
Understand where the market opportunities lies.
Compare and evaluate various options affecting the market.
Pick up on the leading market players within the market.
Envision the restrictions and restrains that are likely to hamper the market.

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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defense.

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