Real-Time Location System for Healthcare Market by Offering (Hardware, Software, and Services), Technology (Ultra-Wideband Technology, Bluetooth Low Energy, Wi-Fi, Others), Application (Inventory & Asset Tracking and Management, Staff Locating & Monitoring, Access Control, Supply Chain Management, Others), Facility Type (Hospitals and Healthcare Facilities, Senior Living Facilities) - Global Analysis & Forecast 2019-2030
Report ID : 178 | Published Date : May 2020 | Pages : 160 | Region : Global | Report Code : ICT-11
Real-Time Location System for Healthcare Market Introduction & Overview
Real-Time Location System (RTLS) is a location system used for tracking & monitoring the live location of a target includes entities, people & operations for healthcare applications. In healthcare facilities, the real-time location system enables in obtaining information related to inventory, staff, patients as well as security. In healthcare sector, people & equipment are constantly in motion, so to keep track of all available objects & people in facility. RTLS also enables in improving healthcare delivery, reducing costs, enhancing the efficiency of the day to day operations.
The global real-time location system for healthcare market is driven by factors such as a rise in demand of Real-Time location systems, security concerns in healthcare facilities. Moreover, use of IoT in healthcare facilities enable better utilization of resources. However, concerns related to data security and high deployment & maintenance costs are factors that are likely to restrain the market growth to certain extent.
The global real-time location system for healthcare market is segmented by offering, technology, application, and facility type.
Real-Time Location System for Healthcare Market, By Offering
Based on offering, the market can be segmented into hardware, software, and services. Hardware segment is estimated to dominate in 2019, owing to availability of multiple solutions such as RFID tags, biometric solutions at low prices which enable more adoption of RTLS products.
Real-Time Location System for Healthcare Market, By Technology
Based on technology, the market is segmented into Ultra-Wideband Technology, Bluetooth Low Energy, Wi-Fi, Others. The Ultra-Wideband Technology segment is estimated to grow at highest CAGR, owing to factors such as, it enables in providing precise & accurate tracking of objects. Moreover, Ultra-Wideband Technology provides high precision, long battery life & high capacity for the system, and fast update rates.
Real-Time Location System for Healthcare Market, By Application
Based on application, the market can be segmented into inventory & asset tracking and management, staff locating & monitoring, access control, supply chain management, others. Inventory & asset tracking and management segment is expected to dominate the application segment, as it aid the hospital or clinic facilities to update & to check if they have replenished their inventory in serving the patients without interruptions.
Real-Time Location System for Healthcare Market, By Facility Type
Based on facility type, the market can be segmented into Hospitals and Healthcare Facilities, Senior Living Facilities. Hospital & healthcare facilities segment is likely to dominate in 2019 owing to the factors such as demand for RTLS solutions in hospitals in U.S. & European countries has been rising for better operations, optimization of utilizing the resources.
For instance, in 2018, STANLEY Healthcare (U.S.) has partnered with Sonitor Technologies (U.S.), for the integration of Sense High Definition Ultrasound indoor positioning technology with the AeroScout Real-Time Location System (RTLS) platform. The combination of both technologies will help in enabling the hospitals to deploy & implement RTLS solutions at a lower total cost of ownership.
Real-Time Location System for Healthcare Market, By Region
The global real-time location system for healthcare market can be segmented into North America, Europe, Asia Pacific, and the Rest of the World (ROW). North America is expected to dominate the real-time location system for healthcare market owing to factors such as the adoption of the technology by many of the hospitals in the U.S. for safe and effective communications, also presence of various market players in the region to propel the growth of the region.
For instance, a hospital network based out in Georgia named Piedmont Healthcare has expanded its RTLS solutions to 6 hospitals, after its first installation at a single location.
Real-Time Location System for Healthcare Market Prominent Players
The prominent players in the global real-time location system for healthcare market include STANLEY Healthcare, Zebra Technologies Corporation, Aruba Networks, IMPINJ, TeleTracking Technologies, CenTrak, AiRISTA Flow, Sonitor Technologies, Versus Technology, and Identec Group among others.