Real-Time Location Systems (RTLS) Industry Size for Healthcare

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MarketsandMarkets Presents

Real-Time Location Systems (RTLS) Industry Size
for Healthcare Real-Time Location Systems Market
(RTLS) for healthcare with COVID-19 Impact
Analysis by Offering (Hardware, Software,
Services), Technology (RFID, W-Fi, UWB, BLE, IR,
Ultrasound, Others), Facility Type, Application,
Geography - Global Forecast to 2025 https//www.m
arketsandmarkets.com/Market-Reports/rtls-healthcar
e-market-19089515.html
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According to the new research report the global
RTLS market in healthcare is projected to reach
USD 3.9 billion in 2025 from USD 1.4 billion in
2020, at a CAGR of 23.0 between 2020 and
2025.Rise in market competitiveness leading to
cost-effective RTLS solutions, high return on
investment, and safety and security concerns in
healthcare facilities are the major factors
contributing to the growth of the RTLS market in
healthcare. Browse 138 market data Tables and 70
Figures spread through 227 Pages and in-depth TOC
on "Real-Time Location Systems Market (RTLS) for
healthcare with COVID-19 Impact Analysis by
Offering (Hardware, Software, Services),
Technology (RFID, W-Fi, UWB, BLE, IR, Ultrasound,
Others), Facility Type, Application, Geography -
Global Forecast to 2025"
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Hardware segment to account the largest share
of the RTLS market in healthcare The hardware
segment to account the largest share of the RTLS
market in healthcare during the forecast period.
The dominance can be attributed to increased
demand for RTLS hardware solution in the
healthcare sector for inventory tracking and
management, staff locating and monitoring,
patient tracking, and access control and
security.  Also, they make up a major part of the
overall cost of the RTLS solution. Ask PDF
Brochure https//www.marketsandmarkets.com/pdfdow
nloadNew.asp?id19089515 Ultra-wideband (UWB)
technology is expected to register the highest
CAGR during the forecast period UWB technology is
expected to register the highest CAGR in the RTLS
market in healthcare during the forecast period.
The high CAGR is attributed to its ability to
provide more accurate data than other
technologies-based RTLS solutions. Also, it can
support locating objects down to the range of a
few centimeters.
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Opportunity Need for resource utilization and
workflow optimization to boost demand for
RTLS Several healthcare organizations have faced
resource utilization as a major challenge while
increasing their output in terms of workflow
optimization, production, tracking and monitoring
of assets, and reducing the costs. RTLS addresses
these challenges by effectively tracking and
monitoring the assets and personnel. Efficient
operations and optimum utilization of existing
resources help enterprises to save costs and
increase profits. The installation of an RTLS
allows an enterprise to utilize resources
efficiently and reduce the inventory and stock
management costs by tracking and managing assets
in real time Request Free Sample
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mpleNew.asp?id19089515 Challenge System
incompatibility and lack of uniform standards and
interoperability End users have to choose from a
wider range of available solutions however, the
lack of uniform standards makes it difficult to
integrate the available solutions. The
incompatibility between various infrastructures
and lack of interoperability creates problems for
end users. Companies such as Zebra Technologies,
STANLEY Healthcare, and Identec Group provide
RTLS solutions that support more than one
protocol however, most players in the market
primarily focus on a single protocol. Since
different technologies operate on different
protocols and frequency bands, there is no
interoperability between various RTLS solutions,
except solutions provided by a few vendors such
as Zebra Technologies, which offers multiple RTLS
technologies that are supported by the same
middleware.
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North America held a significant share of the
global RTLS market in healthcare North America
held a significant share of the global RTLS
market in healthcare during the forecast period.
The growth can be attributed to huge presence of
RTLS manufacturers and consumers in the region as
well as well-established economy which allows for
investments in new technologies. In addition,
several healthcare organizations in the region
are adopting RTLS solutions to increase their
staff productivity and perform optimum asset
utilization.
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