Growth Of Real-Time Location Systems In Healthcare Driven By Increasing Patient Numbers: Critical Driver Shaping the Real Time Location System In Healthcare Market in 2025

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Real Time Location System In Healthcare Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for the real-time location system in the healthcare segment has seen enormous growth in the past few years. It is projected to expand from $3.19 billion in 2024 to $3.9 billion in 2025, displaying a compound annual growth rate (CAGR) of 22.3%. The historical growth is largely due to the escalating demand for asset tracking, a heightened focus on optimizing workflows, the imperative for enhanced patient safety, an uptick in the security needs of patients, and government strategies to modernize healthcare systems.

Real Time Location System In Healthcare Market Size Forecast: What's the Projected Valuation by 2029?
The market size of the real time location system (RTLS) in healthcare is anticipated to experience a significant surge in the coming years, growing to $8.62 billion in 2029 with a CAGR of 22.0%. This growth during the forecast period is attributable to factors such as global population growth, an increase in patient numbers, escalating demand for improved patient care and safety, the adoption of RTLS in the healthcare sector, a worldwide increase in healthcare expenditure, and the emphasis placed by governments on upgrading healthcare systems. Key trends during the forecast period encompass the use of technology by healthcare professionals for tracking medical equipment, investment in technologies like RTLS, technological progress, the incorporation of Ultra-Wideband (UWB) technology, and the fusion of artificial intelligence and machine learning with RTLS.

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What Are the Drivers Transforming the Real Time Location System In Healthcare Market?
The increase in cancer patients is driving the expansion of the real-time location system in the healthcare sector. Individuals diagnosed with cancer, a condition characterized by the unregulated proliferation and spread of anomalous cells in the body, have been increasing. This surge can be attributed to older population demographics, lifestyle influences, genetic tendencies, and availability of healthcare services. Real-time location systems (RTLS) enhance the efficiency and coordination of cancer patient care, leading to improved results and experiences in the healthcare system. For example, data from the National Institutes of Health (NIH), a US government agency, showed that there will be an estimated 18.1 million cancer survivors in May 2024, accounting for roughly 5.4% of the 2022 population. This figure is predicted to grow by 24.4% to 22.5 million by 2032 and further to 26.0 million by 2040. Consequently, the escalating number of patients reinforces the expansion of the real-time location system in the healthcare sector.

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What Long-Term Trends Will Define the Future of the Real Time Location System In Healthcare Market?
Prominent companies in the healthcare sector are concentrating their efforts on the development of real-time location systems with AI-enabled digital technologies to improve patient tracking, bolster operational efficiency, and upgrade the overall care quality, promoting better patient outcomes and resource management. These systems use artificial intelligence to analyze data, automate tasks, and give insights. A case in point occurred in November 2023 when Astra Zeneca, a UK-based biopharmaceutical firm, debuted Evinova, a new business in the health-tech area, to foster innovation within the life sciences realm, specifically targeting clinical trials and patient health outcomes. Evinova's main goal will be to bring scaled digital technology solutions, already globally used by AstraZeneca, to the market to enhance clinical trial design and delivery. This will minimize the development time and cost of new medications, bring treatment closer to patients' homes, and alleviate strain on health systems. Evinova also plans to explore opportunities in the digital remote patient monitoring and digital therapeutics sectors, with a lineup of digital innovations underway in these fields.

Which Segments in the Real Time Location System In Healthcare Market Offer the Most Profit Potential?
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

Subsegments:
1) By Hardware: Tags And Sensors, Readers And Antennas, Gateways
2) By Software: RTLS Software Platforms, Data Analytics Software, Monitoring And Reporting Software
3) By Service: Installation And Integration Services, Maintenance And Support Services, Consulting And Training Services

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Which Firms Dominate the Real Time Location System In Healthcare Market by Market Share and Revenue in 2025?
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

Which Regions Offer the Highest Growth Potential in the Real Time Location System In Healthcare Market?
North America was the largest region in the real time location system in healthcare market in 2023. Asia-Pacific is expected to be the fastest growing region in the market. The regions covered in the real time location system in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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