Strategic Insights on the Healthcare RTLS Global Market to 2030 - Key Driving Factors and Challenges

The interest in healthcare real-time location systems (RTLS) market has swelled on the back of stridently evolving paradigm of hospital asset management in patient care environments. Tracking of assets, equipment and people included, through RTLS plays a key role in the continuity of services delivery to patients on one hand.

Concurrently, the role of healthcare RLTS in enabling providers to offer better care experiences for patients. The use cases of RTLS have increased in the healthcare industry steadily, with hospitals lapping up on the prospect to boost patient workflows, healthcare staff productivity, and raising the efficiency levels in outpatient settings. In recent times, healthcare RLTS demonstrated the benefit of contract during outbreaks of COVID-19 pandemic tracing through real-time tracking of assets, notably in parts of developed economies.

Integration of EHR with RTLS Extending Canvas for Improving Patient Outcomes

Over the past few years, many economies around the world have witnessed the growing buzz around electronic health records (EHR). Hospitals and clinics around the world have fervently invested in EHR as part of information systems, increasingly to advance digital transformation of processes. In addition, operating room management platform are being integrated with that information systems. The trend has enabled as well as accelerated the pace of deployment of products in the healthcare RTLS market.

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As volumes of patients’ data across hospitals rise, the scope of commercialization of various technologies in the healthcare RTLS has also increased. One of the key areas which have witnessed growing customer proposition is growing use case of RTLS in equipment utilization. Indeed, a high rate of equipment utilization is slated to have a considerable bearing on the return on investments (RoIs) for facility managers. More broadly, real-time data is being viewed as a trove of insights for boosting the patient outcomes across all healthcare settings—and eventually the bottom-line.

In the near-future, a number of vendors in the healthcare RLTS market is expected to create their value proposition around the benefits of connected hospitals. New capabilities of RLTS platforms will help them target those propositions and creating a winning, compelling proposition for payers, providers, and other stakeholders.

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