RTLS Market for Healthcare by Facility Type (Hospitals and Health Facilities) - 2022

[150 Pages Report] RTLS Market for Healthcare report categorizes the global market by Facility Type (Hospitals and Health Facilities and Senior Living Facilities), Offering (Hardware, Software, and Services), Technology (RFID, Wi-Fi, BLE, and UWB), Application, and Geography.

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The RTLS market for healthcare was valued at USD 580.1 Million in 2015 and is expected to reach USD 3,123.7 Million by 2022, at a CAGR of 23.6% during the forecast period.

The growth of this market is being propelled by the growing demand for RTLS especially from the hospitals and health facilities for various applications including asset tracking and management, staff tracking, patient tracking, and clinical operations and workflow, among others.

The objectives of the study are as follows:

• To define, describe, and forecast the RTLS market for healthcare, segmented on the basis of facility type, offering, technology, application, and geography
• To forecast the market size, in terms of volume, for hardware-based RTLS market for healthcare
• To forecast the size of the RTLS market for healthcare in terms of value and its market segments with respect to four main regions North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW)
• To identify the major market trends and factors driving or inhibiting the growth of the RTLS market for healthcare and its submarkets
• To provide value chain analysis as well as the impact of the Porter’s five forces on the market
• To strategically analyze the submarkets with respect to individual growth trends and contribution to the overall RTLS market for healthcare
• To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the RTLS market for healthcare
• To strategically profile the key players operating in the RTLS market for healthcare and comprehensively analyze their market ranking and core competencies
• To analyze the strategic developments such as new product launches, alliances, joint ventures, and mergers & acquisitions in the RTLS market for healthcare

Market for senior living facility likely to grow at the highest rate during the forecast period

Senior living facilities segment of the RTLS market for healthcare based on facility type is expected to witness the highest growth rate during the forecast period. The decrease in cost of RTLS-related hardware is one of the major factors that have resulted in increase in the penetration rate of RTLS in senior living facilities. Besides this, the need for a higher level of safety and comfort for residents is also leading to the increase in adoption rate of RTLS in senior living facilities.

Wi-Fi–based RTLS held the largest share of the RTLS market for healthcare in 2015

The RTLS market for healthcare based on technology is led by the Wi-Fi segment. A number of healthcare organizations already have wireless network installed; and as Wi-Fi–based RTLS utilizes the existing Wi-Fi infrastructure of an enterprise, this results in cost and time savings. This is one of the major factors driving the growth of the Wi-Fi–based RTLS market for healthcare.

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North America held the largest size of the RTLS market for healthcare in 2015

North America held the largest size of the RTLS market for healthcare in 2015, followed by Europe and APAC. The U.S. accounted for the largest share of the RTLS market for healthcare in North America, followed by Canada and Mexico. The leading position of the market in this region can be attributed to the high demand for RTLS due to the presence of a large number of hospitals, health facilities, and senior living facilities in North America having RTLS adopted in their premises.

The major players operating in this market include

Zebra Technologies Corporation (U.S.), STANLEY Healthcare (U.S.), TeleTracking Technologies, Inc. (U.S.), CenTrak, Inc. (U.S.), Versus Technologies, Inc. (U.S.), Awarepoint Corporation (U.S.), Sonitor Technologies, Inc. (U.S.), AiRISTA, LLC (U.S.), BeSpoon SAS. (France), and Cetani Corporation (U.S.), among others.