London, 28 November 2014 – An increased use location services in healthcare has resulted in a CAGR of 37.41 percent from 2015-2019 in the Global Real-time Location System (RTLS) Market, says research firm TechNavio.
Hospitals worldwide are predominantly using Real-time Location System (RTLS) for smooth functioning, asset management and equipment location.
Many hospitals are also incorporating data analytics software to track the par levels of infusion pumps, perform real-time tracking of temperature levels of refrigerators in medical facilities and for monitoring patients.
“Data Analytics software helps hospital staff to extract large datasets and obtain real-time information to gain better insights, thus helping them in make better decisions on maintaining medical equipment,” says Faisal Ghaus, Vice President of TechNavio.
“Stanley Healthcare has incorporated visual data analytics software from Tableau’s Software with Wi-Fi RTLS, which enables hospitals to track the levels of infusion pumps so that they can be refilled.”
RTLS is becoming just as popular outside the healthcare sphere, as it enables better asset tracking, which helps increase operational efficiency and reduce costs.
In 2013, the US Army spent approximately US$600 million on active tag systems. It is using active RFID tags to track containers that are shipped in conflict regions such as Afghanistan and the Middle East, on a real-time basis.
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