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RTLS market for healthcare 2016-2022 to grow at a CAGR of 23.6% according to new research report

IT Market Research

Increasing demand for RTLS from senior living facilities is one of the major factors fueling the growth of this market.

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The RTLS market for healthcare is expected to grow at a CAGR of23.6% between 2016 and 2022 to reach USD 3,123.7 million by 2022 from USD 580.1 million in 2015. 

In addition to this, the rapid growth in IoT in the healthcare industry has also led to increase in adoption of RTLS, thereby further accelerating the growth of the RTLS market for healthcare. The major restraining factors for the growth of the RTLS market for healthcare are lack of uniform standards in the RTLS market and high cost of installation and maintenance.

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Bluetooth LE (BLE) and UWB technologies are expected to witness significant growth in the RTLS market for healthcare during the forecast period. The high precision and accuracy offered by UWB technology for tracking objects is driving the growth of UWB-based RTLS market for healthcare, while the low power consumption feature of BLE is the driving factor for the BLE-based RTLS market for healthcare.

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In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the RTLS market for healthcare. The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 = 35 %, Tier 2 = 45%, and Tier 3 = 20%
  • By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
  • By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%

Key Points From Table Of Content :

Company Profiles :

(Overview, Products & Services, Strategies & Insights, Developments and MnM View)*

  • Introduction
  • Stanley Healthcare
  • Teletracking Technologies, Inc.
  • Centrak, Inc.
  • Versus Technology, Inc.
  • Aware point Corporation
  • Zebra Technologies Corporation
  • Sonitor Technologies, Inc
  • Airista, LLC
  • Be spoon Sas.
  • Cetani Corporation

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RTLS Market for Healthcare, By Technology:

  • Introduction
  • RFID
  • Wi-Fi
  • Infrared
  • Ultrasound
  • Zigbee
  • Ultrawide Band (UWB)
  • Bluetooth Low Energy (BLE)
  • Other Technologies

Research Coverage:

This research report categorizes the RTLS market for healthcare on the basis of facility type, offering, technology, application, and geography. The report also provides the Porter’s five forces analysis, along with a description of each of its forces and their respective impact on the RTLS market for healthcare; description of major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

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