RTLS Market for Healthcare by Hardware (Tags/Badges, Readers/Trackers), Technology (RFID, Wi-Fi, UWB, BLE, Infrared, Ultrasound, GPS, Zigbee), Application (Inventory/Asset Tracking, Personnel Monitoring), Facility Type, Region - Global Forecast to 2028
The market size of global RTLS market for healthcare is estimated to grow from USD 2.0 billion in 2023 to USD 5.8 billion by 2028, at a CAGR of 23.5%. Every year, hospitals experience various equipment failures such as refrigerator or freezer failure, resulting in the loss of medications, vaccines, tissue, blood, or food. An RTLS system automatically logs temperature and humidity and alerts personnel so that healthcare facilities can monitor and address such issues before any loss or patient harm ensues. RTLS technology also supports the documentation of corrective action for out-of-range conditions and provides a variety of reports to support regulatory audits. Hence, RTLS can significantly help healthcare organizations to achieve a high RoI.
'Hospitals & healthcare facilities segment to hold largest share of the market during the forecast period”
Hospitals and healthcare facilities across the world use RTLS platforms for various applications, including inventory/asset tracking and management, personnel/staff locating and monitoring, access control and security, environmental monitoring, and supply chain management and operational automation/visibility. RTLS solutions provide real-time information about the location of assets and people in these facilities, thereby ensuring that the right person and required equipment is available at the right time for taking care of patients. Besides having information about the status and location of staff members, patients, and assets, it also helps in enhancing the safety and security in a hospital or healthcare facility. Hence, hospitals and healthcare facilities across regions are adopting RTLS solutions.
“Infrared technology is expected to grow at a significant CAGR during the forecast period”
RTLS solutions based on infrared (IR) technology combined with other RTLS technologies such as Wi-Fi, RFID, or UWB are being used in both room-level and sub-room-level accuracy applications. IR tags send out signals modulated with their unique ID into the room or zone using a small battery. IR receivers are mounted in fixed locations, and they pick up the tag’s signal and unique ID and forward the data via Wi-Fi or LAN connection to a host computer or networked/cloud database. IR tags use the IR spectrum to track assets/personnel. Some leading technology providers across the world are showing an interest in integrating IR and ultrasound technologies with RF and Wi-Fi technologies to enhance the accuracy levels of their RTLS products.
“The market in Europe is expected to grow at an impressive CAGR during the forecast period”
Europe is one of the major regions for R&D in the field of location-based solutions. Most of the individual customers or enterprises in Europe extensively use location-based and mapping services, which lead to major revenue growth. The growing need for enhancing business efficiency in the healthcare sector is expected to be the vital driver for the RTLS market growth in Europe. Some key location-based solution vendors in this region include Ubisense Ltd. (UK), Identec Solutions AG (Austria), Decawave (Ireland), and Sewio Networks (Czech Republic). Additionally, rising government support by providing increased funding for improving healthcare facilities by utilizing advanced technology-based products with improved capabilities, such as RTLS solutions, has benefitted the growth of the RTLS market for healthcare in countries like the UK and Germany.
Breakdown of the profiles of primary participants:
Research Coverage
In this report, the RTLS market for healthcare has been segmented based on offering, technology, application, facility type, and region. The RTLS market for healthcare based on offering has been segmented into hardware, software, and services. Based on technology, the market has been segmented into RFID, Wi-Fi, UWB, BLE, Ultrasound, Infrared, and other technologies. Based on application, the market has been segmented into inventory/asset tracking & management, personnel locating & monitoring, access control & security, environmental monitoring, supply chain management & automation, and other applications. Based on facility type, the market has been segmented into hospitals & healthcare facilities, and senior living facilities. The study also forecasts the size of the market in four main regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
'Hospitals & healthcare facilities segment to hold largest share of the market during the forecast period”
Hospitals and healthcare facilities across the world use RTLS platforms for various applications, including inventory/asset tracking and management, personnel/staff locating and monitoring, access control and security, environmental monitoring, and supply chain management and operational automation/visibility. RTLS solutions provide real-time information about the location of assets and people in these facilities, thereby ensuring that the right person and required equipment is available at the right time for taking care of patients. Besides having information about the status and location of staff members, patients, and assets, it also helps in enhancing the safety and security in a hospital or healthcare facility. Hence, hospitals and healthcare facilities across regions are adopting RTLS solutions.
“Infrared technology is expected to grow at a significant CAGR during the forecast period”
RTLS solutions based on infrared (IR) technology combined with other RTLS technologies such as Wi-Fi, RFID, or UWB are being used in both room-level and sub-room-level accuracy applications. IR tags send out signals modulated with their unique ID into the room or zone using a small battery. IR receivers are mounted in fixed locations, and they pick up the tag’s signal and unique ID and forward the data via Wi-Fi or LAN connection to a host computer or networked/cloud database. IR tags use the IR spectrum to track assets/personnel. Some leading technology providers across the world are showing an interest in integrating IR and ultrasound technologies with RF and Wi-Fi technologies to enhance the accuracy levels of their RTLS products.
“The market in Europe is expected to grow at an impressive CAGR during the forecast period”
Europe is one of the major regions for R&D in the field of location-based solutions. Most of the individual customers or enterprises in Europe extensively use location-based and mapping services, which lead to major revenue growth. The growing need for enhancing business efficiency in the healthcare sector is expected to be the vital driver for the RTLS market growth in Europe. Some key location-based solution vendors in this region include Ubisense Ltd. (UK), Identec Solutions AG (Austria), Decawave (Ireland), and Sewio Networks (Czech Republic). Additionally, rising government support by providing increased funding for improving healthcare facilities by utilizing advanced technology-based products with improved capabilities, such as RTLS solutions, has benefitted the growth of the RTLS market for healthcare in countries like the UK and Germany.
Breakdown of the profiles of primary participants:
- By Company Type: Tier 1 - 45%, Tier 2 - 20%, and Tier 3 - 35%
- By Designation: C-level Executives - 35%, Managers - 25%, and Others - 40%
- By Region: North America - 40%, Europe - 30%, Asia Pacific - 325, and RoW - 5%
Research Coverage
In this report, the RTLS market for healthcare has been segmented based on offering, technology, application, facility type, and region. The RTLS market for healthcare based on offering has been segmented into hardware, software, and services. Based on technology, the market has been segmented into RFID, Wi-Fi, UWB, BLE, Ultrasound, Infrared, and other technologies. Based on application, the market has been segmented into inventory/asset tracking & management, personnel locating & monitoring, access control & security, environmental monitoring, supply chain management & automation, and other applications. Based on facility type, the market has been segmented into hospitals & healthcare facilities, and senior living facilities. The study also forecasts the size of the market in four main regions—North America, Europe, Asia Pacific, and RoW.
Key Benefits of Buying the Report:
The report provides insights on the following pointers:
- Analysis of key drivers ( Rising market competitiveness driving the availability of cost-effective RTLS, High return on investment (RoI) with reduced capital expenditure, High accuracy of UWB-based RTLS solutions, Rising security and safety concerns of patients/staff), restraints (Data security and privacy issues, High installation and maintenance costs), opportunities (Growing need for efficient resource utilization and workflow optimization, Rising popularity of hybrid RTLS solutions, Growing adoption of IoT solutions in healthcare, Increasing demand of RTLS solutions in developing countries) and challenges (Trade-offs in designing RTLS solutions, Lack of system compatibility and common standards) influencing the growth of the RTLS market for healthcare.
- Product Development/Innovation: Detailed insights on new product launches, technologies, research & development activities, and industry partnerships in the RTLS market for healthcare.
- Market Development: Comprehensive information about lucrative markets – the report analyses the RTLS market for healthcare across regions such as North America, Europe, Asia Pacific, Middle East, and South America & Africa.
- Market Diversification: Exhaustive information about new products & technologies, untapped geographies, and recent developments in the RTLS market for healthcare.
- Competitive Assessment: In-depth assessment of market ranking/market share, growth strategies, and product offerings of leading players like Securitas Healthcare, LLC (US), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), and Savi Technology (US), among others in the RTLS market for healthcare.
- Strategies: The report also helps stakeholders understand the pulse of the RTLS market for healthcare and provides them information on key market drivers, restraints, challenges, and opportunities.
1 INTRODUCTION
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 RTLS MARKET FOR HEALTHCARE: SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 PROCESS FLOW: RTLS MARKET FOR HEALTHCARE SIZE ESTIMATION
FIGURE 3 RTLS MARKET FOR HEALTHCARE: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 RTLS MARKET FOR HEALTHCARE: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to derive market size by using bottom-up analysis
FIGURE 5 RTLS MARKET FOR HEALTHCARE: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to derive market size by using top-down analysis
FIGURE 6 RTLS MARKET FOR HEALTHCARE: TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR RTLS MARKET FOR HEALTHCARE: SUPPLY-SIDE ANALYSIS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 ASSUMPTIONS
2.5 APPROACHES TO UNDERSTAND RECESSION IMPACT ON RTLS MARKET FOR HEALTHCARE
2.6 RISK ASSESSMENT
TABLE 1 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 10 RTLS MARKET FOR HEALTHCARE, 2019–2028 (USD MILLION)
FIGURE 11 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 UWB TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 13 HOSPITALS & HEALTHCARE FACILITIES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 NORTH AMERICA CAPTURED LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN RTLS MARKET FOR HEALTHCARE
FIGURE 15 INCREASING SAFETY AND SECURITY CONCERNS AND GROWING ADOPTION IN DEVELOPING COUNTRIES TO DRIVE MARKET GROWTH
4.2 RTLS MARKET FOR HEALTHCARE, BY OFFERING
FIGURE 16 HARDWARE SEGMENT TO CLAIM LARGEST MARKET SHARE IN 2023
4.3 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
FIGURE 17 UWB TECHNOLOGY TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
4.4 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
FIGURE 18 INVENTORY/ASSET TRACKING & MANAGEMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.5 NORTH AMERICA RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY AND COUNTRY
FIGURE 19 UWB TECHNOLOGY AND US TO BE LARGEST MARKET SHAREHOLDERS IN NORTH AMERICA IN 2028
4.6 RTLS MARKET FOR HEALTHCARE, BY COUNTRY
FIGURE 20 CHINA TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 RTLS MARKET FOR HEALTHCARE: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising market competitiveness to drive availability of cost-effective RTLS
5.2.1.2 High RoI with reduced capital expenditure
5.2.1.3 Increasing accuracy of UWB-based RTLS solutions
5.2.1.4 Rising security and safety concerns from patients/staff
FIGURE 22 IMPACT OF DRIVERS ON RTLS MARKET FOR HEALTHCARE
5.2.2 RESTRAINTS
5.2.2.1 Data security and privacy issues
5.2.2.2 High installation and maintenance costs
FIGURE 23 IMPACT OF RESTRAINTS ON RTLS MARKET FOR HEALTHCARE
5.2.3 OPPORTUNITIES
5.2.3.1 Growing need for efficient resource utilization and workflow optimization
5.2.3.2 Rising popularity of hybrid RTLS solutions
5.2.3.3 Growing adoption of IoT solutions in healthcare
5.2.3.4 Increasing demand for RTLS solutions in emerging economies
FIGURE 24 IMPACT OF OPPORTUNITIES ON RTLS MARKET FOR HEALTHCARE
5.2.4 CHALLENGES
5.2.4.1 Trade-offs in designing RTLS solutions
5.2.4.2 Lack of system compatibility and common standards
FIGURE 25 IMPACT OF CHALLENGES ON RTLS MARKET FOR HEALTHCARE
5.3 VALUE CHAIN ANALYSIS
FIGURE 26 RTLS MARKET FOR HEALTHCARE: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 27 ECOSYSTEM ANALYSIS FOR RTLS MARKET FOR HEALTHCARE
TABLE 2 RTLS MARKET FOR HEALTHCARE: ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 RTLS TAG PRICE COMPARISON, BY TECHNOLOGY
TABLE 3 PRICE COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
TABLE 4 RTLS MARKET FOR HEALTHCARE: ASP AND VOLUME OF RTLS TAGS (2022)
FIGURE 28 AVERAGE SELLING PRICE TREND OF RTLS TAGS, 2022–2028
FIGURE 29 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS
TABLE 5 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS (USD)
TABLE 6 AVERAGE SELLING PRICE OF RTLS TAGS, BY REGION (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 30 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN RTLS MARKET FOR HEALTHCARE
5.7 TECHNOLOGY ANALYSIS
5.7.1 RTLS MARKET FOR HEALTHCARE: TECHNOLOGY COMPARISON
TABLE 7 COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
5.7.2 HYBRID RTLS TECHNOLOGY
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 8 IMPACT OF PORTER’S FIVE FORCES ON RTLS MARKET FOR HEALTHCARE
FIGURE 31 RTLS MARKET FOR HEALTHCARE: PORTER’S FIVE FORCES ANALYSIS
5.9 CASE STUDY ANALYSIS
TABLE 9 HOSPITAL DEPLOYS RTLS SYSTEM TO ENHANCE SAFETY OF ITS PATIENTS AND STAFF
TABLE 10 DEPLOYMENT OF RTLS ASSET MANAGEMENT SOLUTION REDUCES LOST AND STOLEN EQUIPMENT COSTS
TABLE 11 DEPLOYMENT OF RTLS SOLUTION FOR HAND HYGIENE MONITORING
TABLE 12 TEXAS HEALTH RESOURCES ENHANCES PATIENT EXPERIENCE AND SAFETY BY USING RTLS
TABLE 13 LIFE CARE GAYNES PARK MANOR DEPLOYS RTLS FOR PATIENT/STAFF SAFETY
TABLE 14 BOUMAN MENTAL HEALTHCARE ADOPTS RTLS FOR STAFF ALERTING
TABLE 15 ORANGE PARK MEDICAL CENTER UTILIZES RTLS TECHNOLOGY TO ENHANCE PATIENT EXPERIENCE
TABLE 16 PIEDMONT HEALTHCARE ADOPTS RTLS TECHNOLOGY FOR ASSET TRACKING AND MANAGEMENT
TABLE 17 MEDSTAR HARBOR HOSPITAL ENHANCES SAFETY OF ITS ASSOCIATES AND PATIENTS BY DEPLOYING RTLS
5.10 TRADE ANALYSIS
FIGURE 32 IMPORT DATA FOR CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 33 EXPORT DATA FOR CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION))
5.11 PATENT ANALYSIS
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 18 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021
TABLE 19 RTLS MARKET FOR HEALTHCARE: PATENTS, 2019–2022
5.12 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 20 RTLS MARKET FOR HEALTHCARE: CONFERENCES AND EVENTS
5.13 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 24 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.1 STANDARDS
TABLE 25 STANDARDS FOR RTLS MARKET FOR HEALTHCARE
6 RTLS MARKET FOR HEALTHCARE, BY OFFERING
6.1 INTRODUCTION
FIGURE 36 RTLS MARKET FOR HEALTHCARE, BY OFFERING
FIGURE 37 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE IN RTLS MARKET FOR HEALTHCARE IN 2023
TABLE 26 RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 27 RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
6.2 HARDWARE
6.2.1 GROWING DEMAND FOR HYBRID RTLS SOLUTIONS
TABLE 28 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 29 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
6.2.2 TAGS/BADGES
6.2.3 READERS/TRACKERS/ACCESS POINTS
6.2.4 OTHER HARDWARE
TABLE 30 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2019–2022 (USD MILLION)
TABLE 31 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2023–2028 (USD MILLION)
6.3 SOFTWARE
6.3.1 INCREASING DEMAND FOR CUSTOMIZED SOFTWARE PLATFORMS TO MEET CUSTOMER NEEDS
TABLE 32 SOFTWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 33 SOFTWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
6.4 SERVICES
6.4.1 DELIVERS AND IMPLEMENTS SOLUTIONS AT CUSTOMER SITES
6.4.2 DEPLOYMENT AND INTEGRATION
6.4.3 SUPPORT AND MAINTENANCE
6.4.4 CONSULTING
TABLE 34 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2019–2022 (USD MILLION)
TABLE 35 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2023–2028 (USD MILLION)
TABLE 36 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 37 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
7 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 38 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
FIGURE 39 UWB TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 38 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 39 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
7.2 RFID
7.2.1 ADVANTAGES OF RFID OVER OTHER TECHNOLOGIES TO BOOST ADOPTION
7.2.2 ACTIVE RFID
7.2.3 PASSIVE RFID
TABLE 40 RFID: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 41 RFID: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 42 RFID: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 RFID: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.3 WI-FI
7.3.1 EASY INSTALLATION AND COMPATIBILITY OF WI-FI RTLS SOLUTIONS TO DRIVE MARKET
TABLE 44 WI-FI: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 45 WI-FI: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 46 WI-FI: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 47 WI-FI: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.4 UWB
7.4.1 HIGH PRECISION AND ACCURACY OFFERED BY UWB TECHNOLOGY TO DRIVE MARKET
TABLE 48 UWB: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 49 UWB: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 50 UWB: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 UWB: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.5 BLE
7.5.1 ADDED ADVANTAGES OF LOW POWER CONSUMPTION AND LONG LIFE OVER BLUETOOTH TECHNOLOGY
TABLE 52 BLE: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 53 BLE: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 54 BLE: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 55 BLE: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.6 ULTRASOUND
7.6.1 NO INTERFERENCE AND LAN BANDWIDTH LIMITATION TO DRIVE MARKET
TABLE 56 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 57 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 58 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 59 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.7 INFRARED
7.7.1 HIGH ACCURACY IN SUB-ROOM LEVEL APPLICATIONS TO DRIVE MARKET
TABLE 60 INFRARED: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 61 INFRARED: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 62 INFRARED: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 63 INFRARED: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.8 OTHER TECHNOLOGIES
TABLE 64 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 65 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 66 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 67 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
8 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
8.1 INTRODUCTION
FIGURE 40 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
FIGURE 41 INVENTORY/ASSET TRACKING & MANAGEMENT APPLICATION TO DOMINATE RTLS MARKET FOR HEALTHCARE FROM 2023 TO 2028
TABLE 68 RTLS MARKET FOR HEALTHCARE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 69 RTLS MARKET FOR HEALTHCARE, BY APPLICATION, 2023–2028 (USD MILLION)
8.2 INVENTORY/ASSET TRACKING & MANAGEMENT
8.2.1 TRACKING OF INVENTORY AND ASSETS
8.3 PERSONNEL LOCATING & MONITORING
8.3.1 GROWING NEED TO ENSURE SAFETY OF PATIENTS AND STAFF
8.4 ACCESS CONTROL & SECURITY
8.4.1 USAGE OF RTLS SOLUTIONS TO RESTRICT UNAUTHORIZED ACCESS
8.5 ENVIRONMENTAL MONITORING
8.5.1 CRITICAL IN ENSURING ENHANCED PATIENT AND STOCK SAFETY
8.6 SUPPLY CHAIN MANAGEMENT & AUTOMATION
8.6.1 IMPROVES OPERATIONAL VISIBILITY AND SUPPLY CHAIN MANAGEMENT
8.7 OTHER APPLICATIONS
9 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE
9.1 INTRODUCTION
FIGURE 42 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE
FIGURE 43 HOSPITALS & HEALTHCARE FACILITIES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 70 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 71 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
9.2 HOSPITALS & HEALTHCARE FACILITIES
9.2.1 RTLS PROVIDES REAL-TIME VISIBILITY INTO MOVEMENT OF EQUIPMENT AND PEOPLE
9.2.2 HOSPITALS
9.2.3 CLINICS
9.2.4 EMERGENCY MEDICAL SERVICES
9.2.5 DIAGNOSTIC LABS
TABLE 72 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 74 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 75 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 76 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 77 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 78 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 79 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 80 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2019–2022 (USD MILLION)
TABLE 81 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2023–2028 (USD MILLION)
9.3 SENIOR LIVING FACILITIES
9.3.1 IMPROVES RESIDENT EXPERIENCE AND OPERATIONAL EFFICIENCY
TABLE 82 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 83 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 84 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 85 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 86 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 87 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 88 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 89 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 90 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2019–2022 (USD MILLION)
TABLE 91 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2023–2028 (USD MILLION)
10 RTLS MARKET FOR HEALTHCARE, BY REGION
10.1 INTRODUCTION
FIGURE 44 RTLS MARKET FOR HEALTHCARE, BY REGION
FIGURE 45 CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 92 RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 93 RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 RECESSION IMPACT
FIGURE 46 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE SNAPSHOT
FIGURE 47 US TO ACCOUNT FOR LARGEST SHARE IN NORTH AMERICAN RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
TABLE 94 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 95 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 96 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 97 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 98 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 99 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.2.2 US
10.2.2.1 Strong presence of key RTLS solution providers
10.2.3 CANADA
10.2.3.1 Growing adoption of RTLS for asset and staff tracking in healthcare industry
10.2.4 MEXICO
10.2.4.1 Developing healthcare sector to offer growth opportunities
10.3 EUROPE
10.3.1 RECESSION IMPACT
FIGURE 48 EUROPE: RTLS MARKET FOR HEALTHCARE SNAPSHOT
FIGURE 49 UK TO WITNESS HIGHEST CAGR IN EUROPEAN RTLS MARKET FOR HEALTHCARE FROM 2023 TO 2028
TABLE 100 EUROPE: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 EUROPE: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 EUROPE: RTLS MARKET FOR HEALTHCARE , BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 103 EUROPE: RTLS MARKET FOR HEALTHCARE , BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 104 EUROPE: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 105 EUROPE: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.3.2 UK
10.3.2.1 Rising government expenditure to improve healthcare infrastructure
10.3.3 GERMANY
10.3.3.1 Increasing demand for process automation in healthcare sector
10.3.4 FRANCE
10.3.4.1 Growing focus on R&D to develop advanced technologies
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 RECESSION IMPACT
FIGURE 50 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE SNAPSHOT
FIGURE 51 CHINA TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
TABLE 106 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 107 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 109 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 110 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 111 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Rising focus on promoting IoT and other technologies in healthcare
10.4.3 JAPAN
10.4.3.1 Healthcare sector offers lucrative growth opportunities
10.4.4 AUSTRALIA
10.4.4.1 Rising geriatric population to drive adoption of RTLS in healthcare
10.4.5 SOUTH KOREA
10.4.5.1 Vendors focusing on increasing their presence
10.4.6 REST OF ASIA PACIFIC
10.5 ROW
10.5.1 RECESSION IMPACT
FIGURE 52 RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2023 VS 2028 (USD MILLION)
TABLE 112 ROW: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 113 ROW: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 114 ROW: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 115 ROW: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 116 ROW: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 117 ROW: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.5.2 MIDDLE EAST
10.5.2.1 Increasing focus on improving healthcare infrastructure
10.5.3 SOUTH AMERICA AND AFRICA
10.5.3.1 Rising healthcare expenditure and presence of untapped markets
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 118 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
11.3 TOP FIVE COMPANY REVENUE ANALYSIS
FIGURE 53 RTLS MARKET FOR HEALTHCARE: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2017–2021
11.4 MARKET SHARE ANALYSIS, 2022
TABLE 119 RTLS MARKET FOR HEALTHCARE: MARKET SHARE ANALYSIS, 2022
FIGURE 54 SHARE OF KEY PLAYERS IN RTLS MARKET FOR HEALTHCARE, 2022
11.5 COMPANY EVALUATION QUADRANT, 2022
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 55 RTLS MARKET FOR HEALTHCARE: COMPANY EVALUATION QUADRANT, 2022
11.6 COMPANY EVALUATION QUADRANT FOR SMES, 2022
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 56 RTLS MARKET FOR HEALTHCARE: COMPANY EVALUATION QUADRANT FOR SMES, 2022
11.7 RTLS MARKET FOR HEALTHCARE: COMPANY FOOTPRINT
TABLE 120 COMPANY FOOTPRINT
TABLE 121 APPLICATION: COMPANY FOOTPRINT
TABLE 122 REGIONAL: COMPANY FOOTPRINT
11.8 COMPETITIVE BENCHMARKING
TABLE 123 RTLS MARKET FOR HEALTHCARE: KEY STARTUPS/SMES
TABLE 124 RTLS MARKET FOR HEALTHCARE: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.9 COMPETITIVE SITUATIONS AND TRENDS
11.9.1 RTLS MARKET FOR HEALTHCARE: PRODUCT LAUNCHES
11.9.2 RTLS MARKET FOR HEALTHCARE: DEALS
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 SECURITAS HEALTHCARE, LLC
TABLE 125 SECURITAS HEALTHCARE, LLC: BUSINESS OVERVIEW
TABLE 126 SECURITAS HEALTHCARE, LLC: PRODUCT OFFERED
12.1.2 ZEBRA TECHNOLOGIES CORPORATION
TABLE 127 ZEBRA TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
FIGURE 57 ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 128 ZEBRA TECHNOLOGIES CORPORATION: PRODUCT OFFERED
TABLE 129 ZEBRA TECHNOLOGIES CORPORATION: DEALS
12.1.3 ARUBA NETWORKS
TABLE 130 ARUBA NETWORKS: BUSINESS OVERVIEW
TABLE 131 ARUBA NETWORKS: PRODUCT OFFERED
12.1.4 IMPINJ, INC.
TABLE 132 IMPINJ, INC.: BUSINESS OVERVIEW
FIGURE 58 IMPINJ, INC.: COMPANY SNAPSHOT
TABLE 133 IMPINJ, INC.: PRODUCT OFFERED
TABLE 134 IMPINJ, INC.: PRODUCT LAUNCHES
TABLE 135 IMPINJ, INC.: DEALS
12.1.5 SAVI TECHNOLOGY
TABLE 136 SAVI TECHNOLOGY: BUSINESS OVERVIEW
TABLE 137 SAVI TECHNOLOGY: PRODUCT OFFERED
TABLE 138 SAVI TECHNOLOGY: DEALS
12.1.6 ADVANTECH CO., LTD.
TABLE 139 ADVANTECH CO., LTD.: BUSINESS OVERVIEW
FIGURE 59 ADVANTECH CO., LTD.: COMPANY SNAPSHOT
TABLE 140 ADVANTECH CO., LTD.: PRODUCT OFFERED
TABLE 141 ADVANTECH CO., LTD.: PRODUCT LAUNCHES
12.1.7 AIRISTA FLOW, INC.
TABLE 142 AIRISTA FLOW, INC.: BUSINESS OVERVIEW
TABLE 143 AIRISTA FLOW, INC.: PRODUCT OFFERED
TABLE 144 AIRISTA FLOW, INC.: PRODUCT LAUNCHES
12.1.8 ALIEN TECHNOLOGY, LLC
TABLE 145 ALIEN TECHNOLOGY, LLC: BUSINESS OVERVIEW
TABLE 146 ALIEN TECHNOLOGY, LLC: PRODUCT OFFERED
12.1.9 CENTRAK, INC.
TABLE 147 CENTRAK, INC.: BUSINESS OVERVIEW
TABLE 148 CENTRAK, INC.: PRODUCT OFFERED
TABLE 149 CENTRAK, INC.: PRODUCT LAUNCHES
TABLE 150 CENTRAK, INC.: DEALS
12.1.10 CERNER CORPORATION
TABLE 151 CERNER CORPORATION: BUSINESS OVERVIEW
FIGURE 60 CERNER CORPORATION: COMPANY SNAPSHOT
TABLE 152 CERNER CORPORATION: PRODUCT OFFERED
12.1.11 GE HEALTHCARE TECHNOLOGIES INC.
TABLE 153 GE HEALTHCARE TECHNOLOGIES INC.: BUSINESS OVERVIEW
TABLE 154 GE HEALTHCARE TECHNOLOGIES INC.: PRODUCT OFFERED
12.1.12 SONITOR TECHNOLOGIES
TABLE 155 SONITOR TECHNOLOGIES: BUSINESS OVERVIEW
TABLE 156 SONITOR TECHNOLOGIES: PRODUCT OFFERED
12.1.13 TELETRACKING TECHNOLOGIES, INC.
TABLE 157 TELETRACKING TECHNOLOGIES, INC.: BUSINESS OVERVIEW
TABLE 158 TELETRACKING TECHNOLOGIES, INC.: PRODUCT OFFERED
TABLE 159 TELETRACKING TECHNOLOGIES, INC.: DEALS
12.1.14 UBISENSE LTD.
TABLE 160 UBISENSE LTD.: BUSINESS OVERVIEW
TABLE 161 UBISENSE LTD.: PRODUCT OFFERED
TABLE 162 UBISENSE LTD.: PRODUCT LAUNCHES
TABLE 163 UBISENSE LTD.: DEALS
12.2 OTHER PLAYERS
12.2.1 BLUEIOT
12.2.2 BORDA TECHNOLOGY
12.2.3 DECAWAVE
12.2.4 IDENTEC SOLUTIONS AG
12.2.5 INFOR
12.2.6 LEANTEGRA INC.
12.2.7 LITUM
12.2.8 MIDMARK CORPORATION
12.2.9 MYSPHERA
12.2.10 REDPOINT POSITIONING CORPORATION
12.2.11 SECURE CARE PRODUCTS LLC
12.2.12 SEWIO NETWORKS
12.2.13 TRACKTIO
12.2.14 VISIBLE ASSETS, INC.
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 RTLS MARKET FOR HEALTHCARE: SEGMENTATION
1.3.2 GEOGRAPHIC SCOPE
1.3.3 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 LIMITATIONS
1.6 STAKEHOLDERS
1.7 SUMMARY OF CHANGES
1.8 RECESSION IMPACT
2 RESEARCH METHODOLOGY
2.1 RESEARCH APPROACH
FIGURE 2 PROCESS FLOW: RTLS MARKET FOR HEALTHCARE SIZE ESTIMATION
FIGURE 3 RTLS MARKET FOR HEALTHCARE: RESEARCH DESIGN
2.1.1 SECONDARY AND PRIMARY RESEARCH
FIGURE 4 RTLS MARKET FOR HEALTHCARE: RESEARCH APPROACH
2.1.2 SECONDARY DATA
2.1.2.1 List of major secondary sources
2.1.2.2 Key data from secondary sources
2.1.3 PRIMARY DATA
2.1.3.1 Primary interviews with experts
2.1.3.2 Key data from primary sources
2.1.3.3 Key industry insights
2.1.3.4 Breakdown of primaries
2.2 MARKET SIZE ESTIMATION
2.2.1 BOTTOM-UP APPROACH
2.2.1.1 Approach to derive market size by using bottom-up analysis
FIGURE 5 RTLS MARKET FOR HEALTHCARE: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Approach to derive market size by using top-down analysis
FIGURE 6 RTLS MARKET FOR HEALTHCARE: TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY FOR RTLS MARKET FOR HEALTHCARE: SUPPLY-SIDE ANALYSIS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 8 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 9 ASSUMPTIONS
2.5 APPROACHES TO UNDERSTAND RECESSION IMPACT ON RTLS MARKET FOR HEALTHCARE
2.6 RISK ASSESSMENT
TABLE 1 RISK ASSESSMENT
3 EXECUTIVE SUMMARY
FIGURE 10 RTLS MARKET FOR HEALTHCARE, 2019–2028 (USD MILLION)
FIGURE 11 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 12 UWB TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
FIGURE 13 HOSPITALS & HEALTHCARE FACILITIES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 NORTH AMERICA CAPTURED LARGEST MARKET SHARE IN 2022
4 PREMIUM INSIGHTS
4.1 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN RTLS MARKET FOR HEALTHCARE
FIGURE 15 INCREASING SAFETY AND SECURITY CONCERNS AND GROWING ADOPTION IN DEVELOPING COUNTRIES TO DRIVE MARKET GROWTH
4.2 RTLS MARKET FOR HEALTHCARE, BY OFFERING
FIGURE 16 HARDWARE SEGMENT TO CLAIM LARGEST MARKET SHARE IN 2023
4.3 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
FIGURE 17 UWB TECHNOLOGY TO REGISTER HIGHEST CAGR FROM 2023 TO 2028
4.4 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
FIGURE 18 INVENTORY/ASSET TRACKING & MANAGEMENT TO DOMINATE MARKET DURING FORECAST PERIOD
4.5 NORTH AMERICA RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY AND COUNTRY
FIGURE 19 UWB TECHNOLOGY AND US TO BE LARGEST MARKET SHAREHOLDERS IN NORTH AMERICA IN 2028
4.6 RTLS MARKET FOR HEALTHCARE, BY COUNTRY
FIGURE 20 CHINA TO EXHIBIT HIGHEST CAGR FROM 2023 TO 2028
5 MARKET OVERVIEW
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 21 RTLS MARKET FOR HEALTHCARE: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
5.2.1 DRIVERS
5.2.1.1 Rising market competitiveness to drive availability of cost-effective RTLS
5.2.1.2 High RoI with reduced capital expenditure
5.2.1.3 Increasing accuracy of UWB-based RTLS solutions
5.2.1.4 Rising security and safety concerns from patients/staff
FIGURE 22 IMPACT OF DRIVERS ON RTLS MARKET FOR HEALTHCARE
5.2.2 RESTRAINTS
5.2.2.1 Data security and privacy issues
5.2.2.2 High installation and maintenance costs
FIGURE 23 IMPACT OF RESTRAINTS ON RTLS MARKET FOR HEALTHCARE
5.2.3 OPPORTUNITIES
5.2.3.1 Growing need for efficient resource utilization and workflow optimization
5.2.3.2 Rising popularity of hybrid RTLS solutions
5.2.3.3 Growing adoption of IoT solutions in healthcare
5.2.3.4 Increasing demand for RTLS solutions in emerging economies
FIGURE 24 IMPACT OF OPPORTUNITIES ON RTLS MARKET FOR HEALTHCARE
5.2.4 CHALLENGES
5.2.4.1 Trade-offs in designing RTLS solutions
5.2.4.2 Lack of system compatibility and common standards
FIGURE 25 IMPACT OF CHALLENGES ON RTLS MARKET FOR HEALTHCARE
5.3 VALUE CHAIN ANALYSIS
FIGURE 26 RTLS MARKET FOR HEALTHCARE: VALUE CHAIN ANALYSIS
5.4 ECOSYSTEM ANALYSIS
FIGURE 27 ECOSYSTEM ANALYSIS FOR RTLS MARKET FOR HEALTHCARE
TABLE 2 RTLS MARKET FOR HEALTHCARE: ECOSYSTEM
5.5 PRICING ANALYSIS
5.5.1 RTLS TAG PRICE COMPARISON, BY TECHNOLOGY
TABLE 3 PRICE COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
TABLE 4 RTLS MARKET FOR HEALTHCARE: ASP AND VOLUME OF RTLS TAGS (2022)
FIGURE 28 AVERAGE SELLING PRICE TREND OF RTLS TAGS, 2022–2028
FIGURE 29 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS
TABLE 5 AVERAGE SELLING PRICE OF RTLS TAGS OFFERED BY KEY PLAYERS (USD)
TABLE 6 AVERAGE SELLING PRICE OF RTLS TAGS, BY REGION (USD)
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
FIGURE 30 REVENUE SHIFT AND NEW REVENUE POCKETS FOR PLAYERS IN RTLS MARKET FOR HEALTHCARE
5.7 TECHNOLOGY ANALYSIS
5.7.1 RTLS MARKET FOR HEALTHCARE: TECHNOLOGY COMPARISON
TABLE 7 COMPARISON OF RTLS TAGS BASED ON DIFFERENT TECHNOLOGIES
5.7.2 HYBRID RTLS TECHNOLOGY
5.8 PORTER’S FIVE FORCES ANALYSIS
TABLE 8 IMPACT OF PORTER’S FIVE FORCES ON RTLS MARKET FOR HEALTHCARE
FIGURE 31 RTLS MARKET FOR HEALTHCARE: PORTER’S FIVE FORCES ANALYSIS
5.9 CASE STUDY ANALYSIS
TABLE 9 HOSPITAL DEPLOYS RTLS SYSTEM TO ENHANCE SAFETY OF ITS PATIENTS AND STAFF
TABLE 10 DEPLOYMENT OF RTLS ASSET MANAGEMENT SOLUTION REDUCES LOST AND STOLEN EQUIPMENT COSTS
TABLE 11 DEPLOYMENT OF RTLS SOLUTION FOR HAND HYGIENE MONITORING
TABLE 12 TEXAS HEALTH RESOURCES ENHANCES PATIENT EXPERIENCE AND SAFETY BY USING RTLS
TABLE 13 LIFE CARE GAYNES PARK MANOR DEPLOYS RTLS FOR PATIENT/STAFF SAFETY
TABLE 14 BOUMAN MENTAL HEALTHCARE ADOPTS RTLS FOR STAFF ALERTING
TABLE 15 ORANGE PARK MEDICAL CENTER UTILIZES RTLS TECHNOLOGY TO ENHANCE PATIENT EXPERIENCE
TABLE 16 PIEDMONT HEALTHCARE ADOPTS RTLS TECHNOLOGY FOR ASSET TRACKING AND MANAGEMENT
TABLE 17 MEDSTAR HARBOR HOSPITAL ENHANCES SAFETY OF ITS ASSOCIATES AND PATIENTS BY DEPLOYING RTLS
5.10 TRADE ANALYSIS
FIGURE 32 IMPORT DATA FOR CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION)
FIGURE 33 EXPORT DATA FOR CARDS INCORPORATING ONE OR MORE ELECTRONIC INTEGRATED CIRCUITS, BY KEY COUNTRY, 2017–2021 (USD MILLION))
5.11 PATENT ANALYSIS
FIGURE 34 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
TABLE 18 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
FIGURE 35 NUMBER OF PATENTS GRANTED PER YEAR, 2012–2021
TABLE 19 RTLS MARKET FOR HEALTHCARE: PATENTS, 2019–2022
5.12 KEY CONFERENCES AND EVENTS, 2023–2024
TABLE 20 RTLS MARKET FOR HEALTHCARE: CONFERENCES AND EVENTS
5.13 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 21 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 22 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 23 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
TABLE 24 ROW: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
5.13.1 STANDARDS
TABLE 25 STANDARDS FOR RTLS MARKET FOR HEALTHCARE
6 RTLS MARKET FOR HEALTHCARE, BY OFFERING
6.1 INTRODUCTION
FIGURE 36 RTLS MARKET FOR HEALTHCARE, BY OFFERING
FIGURE 37 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SHARE IN RTLS MARKET FOR HEALTHCARE IN 2023
TABLE 26 RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 27 RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
6.2 HARDWARE
6.2.1 GROWING DEMAND FOR HYBRID RTLS SOLUTIONS
TABLE 28 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 29 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
6.2.2 TAGS/BADGES
6.2.3 READERS/TRACKERS/ACCESS POINTS
6.2.4 OTHER HARDWARE
TABLE 30 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2019–2022 (USD MILLION)
TABLE 31 HARDWARE: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2023–2028 (USD MILLION)
6.3 SOFTWARE
6.3.1 INCREASING DEMAND FOR CUSTOMIZED SOFTWARE PLATFORMS TO MEET CUSTOMER NEEDS
TABLE 32 SOFTWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 33 SOFTWARE: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
6.4 SERVICES
6.4.1 DELIVERS AND IMPLEMENTS SOLUTIONS AT CUSTOMER SITES
6.4.2 DEPLOYMENT AND INTEGRATION
6.4.3 SUPPORT AND MAINTENANCE
6.4.4 CONSULTING
TABLE 34 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2019–2022 (USD MILLION)
TABLE 35 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TYPE, 2023–2028 (USD MILLION)
TABLE 36 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 37 SERVICES: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
7 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
7.1 INTRODUCTION
FIGURE 38 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY
FIGURE 39 UWB TECHNOLOGY TO RECORD HIGHEST CAGR DURING FORECAST PERIOD
TABLE 38 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 39 RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
7.2 RFID
7.2.1 ADVANTAGES OF RFID OVER OTHER TECHNOLOGIES TO BOOST ADOPTION
7.2.2 ACTIVE RFID
7.2.3 PASSIVE RFID
TABLE 40 RFID: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 41 RFID: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 42 RFID: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 43 RFID: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.3 WI-FI
7.3.1 EASY INSTALLATION AND COMPATIBILITY OF WI-FI RTLS SOLUTIONS TO DRIVE MARKET
TABLE 44 WI-FI: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 45 WI-FI: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 46 WI-FI: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 47 WI-FI: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.4 UWB
7.4.1 HIGH PRECISION AND ACCURACY OFFERED BY UWB TECHNOLOGY TO DRIVE MARKET
TABLE 48 UWB: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 49 UWB: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 50 UWB: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 51 UWB: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.5 BLE
7.5.1 ADDED ADVANTAGES OF LOW POWER CONSUMPTION AND LONG LIFE OVER BLUETOOTH TECHNOLOGY
TABLE 52 BLE: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 53 BLE: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 54 BLE: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 55 BLE: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.6 ULTRASOUND
7.6.1 NO INTERFERENCE AND LAN BANDWIDTH LIMITATION TO DRIVE MARKET
TABLE 56 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 57 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 58 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 59 ULTRASOUND: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.7 INFRARED
7.7.1 HIGH ACCURACY IN SUB-ROOM LEVEL APPLICATIONS TO DRIVE MARKET
TABLE 60 INFRARED: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 61 INFRARED: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 62 INFRARED: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 63 INFRARED: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
7.8 OTHER TECHNOLOGIES
TABLE 64 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2019–2022 (USD MILLION)
TABLE 65 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY OFFERING, 2023–2028 (USD MILLION)
TABLE 66 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 67 OTHER TECHNOLOGIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
8 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
8.1 INTRODUCTION
FIGURE 40 RTLS MARKET FOR HEALTHCARE, BY APPLICATION
FIGURE 41 INVENTORY/ASSET TRACKING & MANAGEMENT APPLICATION TO DOMINATE RTLS MARKET FOR HEALTHCARE FROM 2023 TO 2028
TABLE 68 RTLS MARKET FOR HEALTHCARE, BY APPLICATION, 2019–2022 (USD MILLION)
TABLE 69 RTLS MARKET FOR HEALTHCARE, BY APPLICATION, 2023–2028 (USD MILLION)
8.2 INVENTORY/ASSET TRACKING & MANAGEMENT
8.2.1 TRACKING OF INVENTORY AND ASSETS
8.3 PERSONNEL LOCATING & MONITORING
8.3.1 GROWING NEED TO ENSURE SAFETY OF PATIENTS AND STAFF
8.4 ACCESS CONTROL & SECURITY
8.4.1 USAGE OF RTLS SOLUTIONS TO RESTRICT UNAUTHORIZED ACCESS
8.5 ENVIRONMENTAL MONITORING
8.5.1 CRITICAL IN ENSURING ENHANCED PATIENT AND STOCK SAFETY
8.6 SUPPLY CHAIN MANAGEMENT & AUTOMATION
8.6.1 IMPROVES OPERATIONAL VISIBILITY AND SUPPLY CHAIN MANAGEMENT
8.7 OTHER APPLICATIONS
9 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE
9.1 INTRODUCTION
FIGURE 42 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE
FIGURE 43 HOSPITALS & HEALTHCARE FACILITIES TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
TABLE 70 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 71 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
9.2 HOSPITALS & HEALTHCARE FACILITIES
9.2.1 RTLS PROVIDES REAL-TIME VISIBILITY INTO MOVEMENT OF EQUIPMENT AND PEOPLE
9.2.2 HOSPITALS
9.2.3 CLINICS
9.2.4 EMERGENCY MEDICAL SERVICES
9.2.5 DIAGNOSTIC LABS
TABLE 72 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 73 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 74 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 75 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 76 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 77 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 78 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 79 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 80 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2019–2022 (USD MILLION)
TABLE 81 HOSPITALS AND HEALTHCARE FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2023–2028 (USD MILLION)
9.3 SENIOR LIVING FACILITIES
9.3.1 IMPROVES RESIDENT EXPERIENCE AND OPERATIONAL EFFICIENCY
TABLE 82 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 83 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 84 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 85 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 86 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 87 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 88 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 89 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 90 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2019–2022 (USD MILLION)
TABLE 91 SENIOR LIVING FACILITIES: RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2023–2028 (USD MILLION)
10 RTLS MARKET FOR HEALTHCARE, BY REGION
10.1 INTRODUCTION
FIGURE 44 RTLS MARKET FOR HEALTHCARE, BY REGION
FIGURE 45 CHINA TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
TABLE 92 RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 93 RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
10.2 NORTH AMERICA
10.2.1 RECESSION IMPACT
FIGURE 46 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE SNAPSHOT
FIGURE 47 US TO ACCOUNT FOR LARGEST SHARE IN NORTH AMERICAN RTLS MARKET FOR HEALTHCARE DURING FORECAST PERIOD
TABLE 94 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 95 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 96 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 97 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 98 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 99 NORTH AMERICA: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.2.2 US
10.2.2.1 Strong presence of key RTLS solution providers
10.2.3 CANADA
10.2.3.1 Growing adoption of RTLS for asset and staff tracking in healthcare industry
10.2.4 MEXICO
10.2.4.1 Developing healthcare sector to offer growth opportunities
10.3 EUROPE
10.3.1 RECESSION IMPACT
FIGURE 48 EUROPE: RTLS MARKET FOR HEALTHCARE SNAPSHOT
FIGURE 49 UK TO WITNESS HIGHEST CAGR IN EUROPEAN RTLS MARKET FOR HEALTHCARE FROM 2023 TO 2028
TABLE 100 EUROPE: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 101 EUROPE: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 102 EUROPE: RTLS MARKET FOR HEALTHCARE , BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 103 EUROPE: RTLS MARKET FOR HEALTHCARE , BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 104 EUROPE: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 105 EUROPE: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.3.2 UK
10.3.2.1 Rising government expenditure to improve healthcare infrastructure
10.3.3 GERMANY
10.3.3.1 Increasing demand for process automation in healthcare sector
10.3.4 FRANCE
10.3.4.1 Growing focus on R&D to develop advanced technologies
10.3.5 REST OF EUROPE
10.4 ASIA PACIFIC
10.4.1 RECESSION IMPACT
FIGURE 50 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE SNAPSHOT
FIGURE 51 CHINA TO WITNESS HIGHEST CAGR DURING FORECAST PERIOD
TABLE 106 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2019–2022 (USD MILLION)
TABLE 107 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY COUNTRY, 2023–2028 (USD MILLION)
TABLE 108 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 109 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 110 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 111 ASIA PACIFIC: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Rising focus on promoting IoT and other technologies in healthcare
10.4.3 JAPAN
10.4.3.1 Healthcare sector offers lucrative growth opportunities
10.4.4 AUSTRALIA
10.4.4.1 Rising geriatric population to drive adoption of RTLS in healthcare
10.4.5 SOUTH KOREA
10.4.5.1 Vendors focusing on increasing their presence
10.4.6 REST OF ASIA PACIFIC
10.5 ROW
10.5.1 RECESSION IMPACT
FIGURE 52 RTLS MARKET FOR HEALTHCARE IN ROW, BY REGION, 2023 VS 2028 (USD MILLION)
TABLE 112 ROW: RTLS MARKET FOR HEALTHCARE, BY REGION, 2019–2022 (USD MILLION)
TABLE 113 ROW: RTLS MARKET FOR HEALTHCARE, BY REGION, 2023–2028 (USD MILLION)
TABLE 114 ROW: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2019–2022 (USD MILLION)
TABLE 115 ROW: RTLS MARKET FOR HEALTHCARE, BY TECHNOLOGY, 2023–2028 (USD MILLION)
TABLE 116 ROW: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2019–2022 (USD MILLION)
TABLE 117 ROW: RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE, 2023–2028 (USD MILLION)
10.5.2 MIDDLE EAST
10.5.2.1 Increasing focus on improving healthcare infrastructure
10.5.3 SOUTH AMERICA AND AFRICA
10.5.3.1 Rising healthcare expenditure and presence of untapped markets
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 STRATEGIES ADOPTED BY KEY PLAYERS
TABLE 118 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS
11.3 TOP FIVE COMPANY REVENUE ANALYSIS
FIGURE 53 RTLS MARKET FOR HEALTHCARE: REVENUE ANALYSIS OF FIVE KEY PLAYERS, 2017–2021
11.4 MARKET SHARE ANALYSIS, 2022
TABLE 119 RTLS MARKET FOR HEALTHCARE: MARKET SHARE ANALYSIS, 2022
FIGURE 54 SHARE OF KEY PLAYERS IN RTLS MARKET FOR HEALTHCARE, 2022
11.5 COMPANY EVALUATION QUADRANT, 2022
11.5.1 STARS
11.5.2 EMERGING LEADERS
11.5.3 PERVASIVE PLAYERS
11.5.4 PARTICIPANTS
FIGURE 55 RTLS MARKET FOR HEALTHCARE: COMPANY EVALUATION QUADRANT, 2022
11.6 COMPANY EVALUATION QUADRANT FOR SMES, 2022
11.6.1 PROGRESSIVE COMPANIES
11.6.2 RESPONSIVE COMPANIES
11.6.3 DYNAMIC COMPANIES
11.6.4 STARTING BLOCKS
FIGURE 56 RTLS MARKET FOR HEALTHCARE: COMPANY EVALUATION QUADRANT FOR SMES, 2022
11.7 RTLS MARKET FOR HEALTHCARE: COMPANY FOOTPRINT
TABLE 120 COMPANY FOOTPRINT
TABLE 121 APPLICATION: COMPANY FOOTPRINT
TABLE 122 REGIONAL: COMPANY FOOTPRINT
11.8 COMPETITIVE BENCHMARKING
TABLE 123 RTLS MARKET FOR HEALTHCARE: KEY STARTUPS/SMES
TABLE 124 RTLS MARKET FOR HEALTHCARE: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
11.9 COMPETITIVE SITUATIONS AND TRENDS
11.9.1 RTLS MARKET FOR HEALTHCARE: PRODUCT LAUNCHES
11.9.2 RTLS MARKET FOR HEALTHCARE: DEALS
12 COMPANY PROFILES
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
12.1 KEY PLAYERS
12.1.1 SECURITAS HEALTHCARE, LLC
TABLE 125 SECURITAS HEALTHCARE, LLC: BUSINESS OVERVIEW
TABLE 126 SECURITAS HEALTHCARE, LLC: PRODUCT OFFERED
12.1.2 ZEBRA TECHNOLOGIES CORPORATION
TABLE 127 ZEBRA TECHNOLOGIES CORPORATION: BUSINESS OVERVIEW
FIGURE 57 ZEBRA TECHNOLOGIES CORPORATION: COMPANY SNAPSHOT
TABLE 128 ZEBRA TECHNOLOGIES CORPORATION: PRODUCT OFFERED
TABLE 129 ZEBRA TECHNOLOGIES CORPORATION: DEALS
12.1.3 ARUBA NETWORKS
TABLE 130 ARUBA NETWORKS: BUSINESS OVERVIEW
TABLE 131 ARUBA NETWORKS: PRODUCT OFFERED
12.1.4 IMPINJ, INC.
TABLE 132 IMPINJ, INC.: BUSINESS OVERVIEW
FIGURE 58 IMPINJ, INC.: COMPANY SNAPSHOT
TABLE 133 IMPINJ, INC.: PRODUCT OFFERED
TABLE 134 IMPINJ, INC.: PRODUCT LAUNCHES
TABLE 135 IMPINJ, INC.: DEALS
12.1.5 SAVI TECHNOLOGY
TABLE 136 SAVI TECHNOLOGY: BUSINESS OVERVIEW
TABLE 137 SAVI TECHNOLOGY: PRODUCT OFFERED
TABLE 138 SAVI TECHNOLOGY: DEALS
12.1.6 ADVANTECH CO., LTD.
TABLE 139 ADVANTECH CO., LTD.: BUSINESS OVERVIEW
FIGURE 59 ADVANTECH CO., LTD.: COMPANY SNAPSHOT
TABLE 140 ADVANTECH CO., LTD.: PRODUCT OFFERED
TABLE 141 ADVANTECH CO., LTD.: PRODUCT LAUNCHES
12.1.7 AIRISTA FLOW, INC.
TABLE 142 AIRISTA FLOW, INC.: BUSINESS OVERVIEW
TABLE 143 AIRISTA FLOW, INC.: PRODUCT OFFERED
TABLE 144 AIRISTA FLOW, INC.: PRODUCT LAUNCHES
12.1.8 ALIEN TECHNOLOGY, LLC
TABLE 145 ALIEN TECHNOLOGY, LLC: BUSINESS OVERVIEW
TABLE 146 ALIEN TECHNOLOGY, LLC: PRODUCT OFFERED
12.1.9 CENTRAK, INC.
TABLE 147 CENTRAK, INC.: BUSINESS OVERVIEW
TABLE 148 CENTRAK, INC.: PRODUCT OFFERED
TABLE 149 CENTRAK, INC.: PRODUCT LAUNCHES
TABLE 150 CENTRAK, INC.: DEALS
12.1.10 CERNER CORPORATION
TABLE 151 CERNER CORPORATION: BUSINESS OVERVIEW
FIGURE 60 CERNER CORPORATION: COMPANY SNAPSHOT
TABLE 152 CERNER CORPORATION: PRODUCT OFFERED
12.1.11 GE HEALTHCARE TECHNOLOGIES INC.
TABLE 153 GE HEALTHCARE TECHNOLOGIES INC.: BUSINESS OVERVIEW
TABLE 154 GE HEALTHCARE TECHNOLOGIES INC.: PRODUCT OFFERED
12.1.12 SONITOR TECHNOLOGIES
TABLE 155 SONITOR TECHNOLOGIES: BUSINESS OVERVIEW
TABLE 156 SONITOR TECHNOLOGIES: PRODUCT OFFERED
12.1.13 TELETRACKING TECHNOLOGIES, INC.
TABLE 157 TELETRACKING TECHNOLOGIES, INC.: BUSINESS OVERVIEW
TABLE 158 TELETRACKING TECHNOLOGIES, INC.: PRODUCT OFFERED
TABLE 159 TELETRACKING TECHNOLOGIES, INC.: DEALS
12.1.14 UBISENSE LTD.
TABLE 160 UBISENSE LTD.: BUSINESS OVERVIEW
TABLE 161 UBISENSE LTD.: PRODUCT OFFERED
TABLE 162 UBISENSE LTD.: PRODUCT LAUNCHES
TABLE 163 UBISENSE LTD.: DEALS
12.2 OTHER PLAYERS
12.2.1 BLUEIOT
12.2.2 BORDA TECHNOLOGY
12.2.3 DECAWAVE
12.2.4 IDENTEC SOLUTIONS AG
12.2.5 INFOR
12.2.6 LEANTEGRA INC.
12.2.7 LITUM
12.2.8 MIDMARK CORPORATION
12.2.9 MYSPHERA
12.2.10 REDPOINT POSITIONING CORPORATION
12.2.11 SECURE CARE PRODUCTS LLC
12.2.12 SEWIO NETWORKS
12.2.13 TRACKTIO
12.2.14 VISIBLE ASSETS, INC.
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
13 APPENDIX
13.1 INSIGHTS FROM INDUSTRY EXPERTS
13.2 DISCUSSION GUIDE
13.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.4 CUSTOMIZATION OPTIONS
13.5 RELATED REPORTS
13.6 AUTHOR DETAILS
RTLS is referred to as a local positioning and tracking system that utilizes wireless technologies to detect the exact location of assets and personnel of an enterprise and allows the tracking and management of these assets in real time with the help of active tags and badges. RTLS system comprises battery-powered tags/badges, sensors, readers, network infrastructure, and software. The ever increasing need of workflow automation and optimization by controlling and managing assets of an enterprise is the major driving factor for the growth of this market. The market demand of advanced tracking systems, like RTLS in healthcare, is growing at a fast pace. The main advantages provided by RTLS in healthcare include enhanced asset management, improved safety, hand hygiene, and identification and verification activities.
In this report, the global RTLS in healthcare market is broadly classified on the basis of technology, application, device and equipment type, and geography. The global RTLS market by implementation technology comprises RFID technology, Wi-Fi, Ultra Wide Band, ZigBee, Infrared, Ultrasound, and others (Combined technology, GPS, and Bluetooth). The application segment includes the following: asset tracking and management, patient tracking, personnel and staff tracking, staff safety and workflow automation, temperature monitoring, and others (hand hygiene, medical sterilization, providing data for electronic medical records systems, and ambulatory care facilities).
There are wide applications of RTLS in healthcare such as par level management, asset utilization, shrinkage control and preventive maintenance, and assistance provided in the high and rapid return on investment. The market is also categorized into four major geographic regions, namely Americas, Europe, APAC, and ROW.
This report also presents a detailed overview of the overall RTLS market in healthcare by enveloping all the major market segments, with a detailed qualitative analysis at each and every phase of the segmentation. All the numbers are forecasted from 2013 till 2020, to give a glimpse of the future potential in this market within the forecast period.
The major companies included in the report are AeroScout (U.S.), Awarepoint Corporation (U.S.), Ekahau (U.S.), Elpas (U.S.), GE Healthcare (U.K.), Infor (U.S.), Motorola Solutions (U.S.), Radianse (U.S.), Siemens Healthcare (Germany), Sonitor Technologies (Norway), Thingmagic (U.S.), Versus Technology (U.S.), Vizbee RFID Systems (France), and Zebra Technologies Corporation (U.S.) among many others.
