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Published on : Mar 10, 2017

ALBANY, NY, March 10, 2017: The report aims to serve as a decision making guide for audiences such as real-time locating systems (RTLS) and radio-frequency identification (RFID) hardware and software service providers, healthcare institutions, venture capitalists and private equity firms, and distributors and traders of related service providers. According to the report, the global RTLS market in healthcare sector will expand at a robust rate of 50.47% during the forecast period of 2017 to 2021.

The 72-page report is an in-depth analysis of all the factors that are expected to impact the global RTLS market in healthcare sector, such as ability of these systems to provide real-time information about the location of the people and their assets. With RTLS, healthcare organizations are able to make crucial decisions quickly and improve the overall processes. The report finds that RFID tags has a variety of applications in the healthcare sector including asset management and quickly locating equipment such as wheelchairs, hospital beds, oxygen cylinders, ventilators, and infusion pumps. Moreover, healthcare sector make use of RTLS tags for monitoring of sensitive equipment's, hospital staffs including nurses and doctors, and violent patients. On the other hand, the limited number of defined RTLS technology standard is expected to hinder the growth rate of the market during the forecast period. The report also notes a few trends of the market, including the introduction of new cost-effective technologies, which are very well received by the end users. 

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By solutions, the report segments the global RTLS market in healthcare sector into systems and tags while on the basis of technology, the market has been categorized into RFID, Wi-Fi, barcodes and QR code, and others. In terms of application, the report divides the market into security, temperature and humidity monitoring, yards and dock monitoring, personnel or staff locationing, mapping and visualization, postal and courier services, supply chain management, and workflow and process automation. To calculate the size of the market, the report has considered the revenue gathered from RTLS systems and tags, active and passive RFID, GPS, AGPS, and other Wi-Fi technologies along with asset tracking, people tracking, and hospital management. Geographically, the report analyzes the potential of the market in the regions of Americas, Asia Pacific, and EMEA. 

North America is identified as the most lucrative region for RTLS market as the developed countries such as the U.S. and Canada have robust healthcare infrastructure and the rate of adoptability of new technology is significantly higher than other regions.

Some of the leading players identified by the report in the global RTLS market in healthcare sectors are HP, Zebra, AiRISTA, and STANLEY Healthcare. Some of the other prominent players in this market are GE Healthcare, IBM, Awarepoint, CenTrak, decaWave, BeSpoon, Borda Technology, Emanate Wireless, Purelink, Intelligent InSites, RF Technologies, Radianse, Sonitor Technologies, TeleTracking Technologies, Sewio, TagSense, ThingMagic, Versus Technology, and Tyco Security Products.

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