Real Time Location System In Healthcare Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033

"The new report published by The Business Research Company, titled ""Real Time Location System In Healthcare Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the real time location system in healthcare market size has grown exponentially in recent years. It will grow from $2.62 billion in 2023 to $3.19 billion in 2024 at a compound annual growth rate (CAGR) of 21.6%. The real time location system in healthcare market size is expected to see exponential growth in the next few years. It will grow to $7.08 billion in 2028 at a compound annual growth rate (CAGR) of 22.1%.

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Growth Of Real-Time Location Systems In Healthcare Driven By Increasing Patient Numbers
The growing number of cancer patients is expected to propel the growth of the real-time location system in the healthcare market going forward. Cancer patients are individuals who have been diagnosed with cancer, a group of diseases characterized by the uncontrolled growth and spread of abnormal cells in the body. The growing number of cancer patients is due to an aging population, lifestyle factors, genetic predisposition, and access to healthcare. Real-time location systems (RTLS) contribute to a more efficient, coordinated, and patient-centered approach to caring for cancer patients, ultimately improving their outcomes and experiences within the healthcare system. For instance, in May 2024, according to data from the National Institutes of Health (NIH), a US-based government organization, there will be an estimated 18.1 million cancer survivors, representing approximately 5.4% of the population in 2022. This number is projected to increase by 24.4% to 22.5 million by 2032 and grow to 26.0 million by 2040. Therefore, the growing number of patients is driving the growth of the real-time location system in the healthcare market.

Technological Advancements In Healthcare Real Time Location System
Major healthcare companies operating in the real-time location system in the healthcare market are focusing on developing technologically advanced products, such as active radio frequency (RF) tags, to gain a competitive edge in the market. Active radio frequency (RF) tags are battery-powered devices that continuously broadcast their signal, allowing real-time tracking and monitoring of assets over longer distances than passive RF tags. For instance, in June 2021, Inpixon Inc., a US-based technology company, launched the Inpixon asset tag, a small, active radio frequency (RF) tag designed for long-range asset tracking with real-time location systems (RTLS). This tag is pre-configured and ready to use with Inpixon's 2.4 GHz chirp technology, which includes the nanoLOC, swarm bee, nanoANQ PCB anchor circuit board, and nanoLES locating engine. The tag is designed to track hospital equipment, tools, vehicles, robots, dangerous or sensitive materials, and other high-value assets that need to be tracked or located quickly.

The real time location system in healthcare market covered in this report is segmented -

1) By Offering: Hardware, Software, Service
2) By Technology: Radio Frequency Identification (RFID), Wi-Fi, Ultra-Wideband (UWB), Bluetooth Low Energy (BLE), Infrared, Ultrasound, Other Technologies
3) By Facility Type: Hospitals And Healthcare Facilities, Senior Living Facilities
4) By Application: Inventory Or Asses Tracking And Monitoring, Personnel Locating And Monitoring, Access Control And Security, Environmental Monitoring, Supply Chain Management And Automation, Other Applications

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Major companies operating in the real time location system in healthcare market are Cisco Systems Inc., Oracle Corporation, GE HealthCare Technologies Inc., Securitas AB, Zebra Technologies Corporation, Aruba Networks, Impinj Inc., Midmark Corporation, TeleTracking Technologies Inc., CenTrak Healthcare Inc., Alien Technology, Enlighted Inc., Kontact.io, Savi Technology Inc., purple.ai, Identec Solutions AG, Ekahau Inc., Ubisense Group PLC, Inpixon Inc., Sonoitor Technologies Inc., Vizzia Technologies, AiRISTA Flow Inc., Tagnos Inc., Awarepoint Corporation

Contents of the report:
1. Executive Summary
2. Real Time Location System In Healthcare Market Report Structure
3. Real Time Location System In Healthcare Market Trends And Strategies
4. Real Time Location System In Healthcare Market - Macro Economic Scenario
5. Real Time Location System In Healthcare Market Size And Growth
…..
27. Real Time Location System In Healthcare Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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