London, 12 January 2015 – The increased use of RTLS in healthcare has led to the growth of the RTLS Market in North America, which is expected to post a CAGR of 27.08 percent from 2014-2019, says research firm TechNavio.
Most hospitals in North America predominantly use Real-time Location System (RTLS), including RFID tags, to ensure smooth operations.
These healthcare institutions use RTLS solutions for asset management like locating equipment such as hospital beds, infusion pumps, oxygen cylinders, ventilators and wheelchairs. They also use these solutions for employee monitoring, through which they organize the hospital management system.
“The increased use of RTLS in the healthcare domain will have a positive impact on the growth of the overall market during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.
The new report also highlights the increased use of analytics in healthcare, which is expected to drive the market in the coming years. Most hospitals are incorporating data analytics software, as it helps hospital staff to extract large datasets and obtain real-time information to gain better insights, aiding them in making better decisions on how to maintain medical equipment.
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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