Press release
RTLS for Healthcare Market Size Worth USD 6,384.45 million by 2027 | Grow CAGR of 18.6%
RTLS in healthcare Market
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 RTLS in healthcare market is expected to witness substantial growth post-pandemic. The RTLS in healthcare market is expected to witness substantial growth post-pandemic. The COVID-19 has affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The COVID-19 crisis has overburdened public health systems in many countries and highlighted the strong need for sustainable investment in health systems.
As the COVID-19 pandemic progresses, the healthcare industry is expected to see a drop in growth. The life sciences segment thrives due to increased demand for invitro diagnostic products and rising research and development activities worldwide. However, the medical technologies and imaging segment is witnessing drop in sales due to a smaller number of surgeries being carried out and delayed or prolonged equipment procurement.
Additionally, virtual consultations by healthcare professionals are expected to become the mainstream care delivery model post-pandemic. With telehealth transforming care delivery, digital health will continue to thrive in coming years. In addition, disrupted clinical trials and the subsequent delay in drug launches is also expected to pave the way for entirely virtual trials in the future. New technologies such as mRNA is expected to emerge and shift the pharmaceutical industry and market is also expected to witness more vertical integration and joint ventures in coming years.
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Company Profiles
CenTrak, Impinj, Inc.
Intelligent InSites
Aruba (Hewlett Packard Enterprise Development LP)
Midmark Corporation
Sanitag
Sonitor Technologies
STANLEY Healthcare
Teletracking Technologies
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 in 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.
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
There are many such startups in India, USA, Europe, and other regions who are helping this market to grow with huge competitions. Startups are making significant progress which offers a well-thought-out embedded location platform. UWINLOC is another new startup that designed a semi-passive UWB solution that can ultimately compete on price with passive RFID, also providing similar benefits to an active technology within energy harvesting. Therefore, startups always discover ways to cost-effectively implement the technology without compromising on performance.
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Contact US
Contact Person : Ankit Mathur
Phone : +1-646-491-9876
E-mail : sales@theinsightpartners.com
About US
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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Dialysis, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.
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