Research Nester’s recent market research analysis on “RTLS in Healthcare Market: Global Demand Analysis & Opportunity Outlook 2037” delivers a detailed competitor’s analysis and overview of the global RTLS in healthcare market in terms of market segmentation by component, technology, application, end use, and by region.
High Adoption of Advanced Technologies Including, RTLS for Patient Care & Resource Management
The RTLS in healthcare sector is anticipated to increase at a significant CAGR throughout the forecasted period owing to the increasing demand for smart healthcare facilities. Healthcare facilities are under pressure to mitigate costs and improve operational efficiency, which is fuelling the adoption of real-time location systems for better resource management.
The rising older population is a major challenge for healthcare facilities, this demographic highly requires patient care as they are more susceptible to chronic disorders. The increasing need for effective patient care and asset management is augmenting the adoption of advanced technologies including RTLS.
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Growth Drivers
• Convergence of IoT with RTLS enhancing operational efficiency & patient care
• Advancements in wireless technologies and data analytics making RTLS more accessible
Challenges
Deploying RTLS requires significant planning and funding, their integration with existing technologies can be a complex process driving the need for experienced technicians. The high upfront investment for RTLS is acting as a barrier for healthcare facilities with limited budgets.
While RTLS offers significant benefits to patients and healthcare settings, the collection and storage of sensitive data also creates privacy challenges. The rising risk of cyberattacks and data breaches can limit market growth to some extent.
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Based on components, the hardware segment is expected to capture 63.9% of the global market share by 2037. The growing need for advanced hardware solutions such as RFID, tags, and sensors to effectively operate advanced technologies is contributing to the segment growth.
By region, North America is leading the sales of RTLS in healthcare and is estimated to hold 35.6% of the global market share. The region has the presence of advanced healthcare infrastructure, research organizations, and tech companies, which is contributing to the overall market growth. Supportive government policies and regulations on the modernization of healthcare settings are also promoting the adoption of real-time location systems.
This report also provides the existing competitive scenario of some of the key players of the global RTLS in healthcare market which includes company profiling of Ubisense, Impinj, Inc., Hewlett Packard Enterprise Development LP, Zebra Technologies, Corporation, Securitas Healthcare, LLC., Midmark Corporation, Sonitor Technologies, AiRISTA Flow, Inc., Oracle Corporation, GE HealthCare, CenTrack, Inc., TeleTracking Technologies, Inc., Aruba Networks, Alien Technology, Advantech Co., Ltd., Stanley Healthcare, Savi Technology, GE Healthcare, Litum, and Avalue Technology Inc.
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