This industry research report outlines the growth prospects and segmentation of the global RTLS market in the healthcare industry by application (asset monitoring, patient safety, employee management, and clinical monitoring). It further details the market shares of key regions such as the Americas, EMEA, and APAC. The report also presents a complete analysis of the top vendors operating in the market, including AeroScout, Ekahau, HP, and Zebra Technologies.
Technavio’s market research analysts estimate the global RTLS market in healthcare industry to generate revenues of $1.5 billion between 2016 and 2019. RTLS solutions provide a high degree of intelligence in locating assets as people that brings real-time data to the decision-makers, which leads to process improvement and faster decision making. The Americas dominate the global RTLS market in the healthcare industry, accounting for 62% of the total market share. A large number of hospitals in the Americas are deploying RTLS solutions for the smooth functioning of operations. Some of the major RTLS providers in hospitals in the Americas are Ekahau, Zebra, and Aeroscout.
The new market research report from Technavio provides a breakdown and analysis of the RTLS segments by technology.
“A large number of hospitals are deploying RTLS tags to enhance its operations and increase profitability, which is one major driver contributing to the growth of the market. RFID tags provide a wide variety of applications such as asset management, for quickly locating equipment such as hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps. Also, they make use of RTLS tags for monitoring of sensitive equipment’s, violent patients, and hospital staffs, including doctors and nurses,” says Rakesh Panda, Lead Analyst, ICT, Technavio Research.
The asset monitoring segment dominates the global RTLS market in the healthcare industry, and this segment will continue to lead the market till 2020. The growth of the asset monitoring segment is largely attributed to the increasing deployment of RTLS solutions and increasing penetration of Wi-Fi and WLAN’s in hospitals.
The key vendors in the global RTLS market in healthcare industry are AeroScout, Ekahau, HP, and Zebra Technologies. The present competitive environment of the RTLS market in the healthcare industry is expected to intensify following an increase in R&D and M&A during the forecast period. The market is also likely to witness the trend of territorial acquisitions by leading global players. Also, the key players in the market are expected to diversify their geographical presence with a focus on the APAC region during the forecast period.
A more detailed analysis is available in the Technavio report, Global RTLS Market in Healthcare Industry 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
- Global Real-time Location System (RTLS) market 2015-2019
- RTLS Market in North America 2015-2019
- Global RFID Market for Retail Applications 2015-2019
- LBS Market in the US in the Healthcare Industry 2015-2019
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