PUBLISHER: IMARC | PRODUCT CODE: 1422886
PUBLISHER: IMARC | PRODUCT CODE: 1422886
Real Time Location Systems for Healthcare Market by Offering, Applications, End Use, and Region 2024-2032
Abstract
The global real time location systems (RTLS) for healthcare market size reached US$ 2.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 10.3 Billion by 2032, exhibiting a growth rate (CAGR) of 16.15% during 2024-2032. The rising need for asset tracking and management, the increasing demand for remote patient monitoring, and various technological advancements represent some of the key factors driving the market.
Real-time location systems (RTLS) are a set of technologies used to automatically identify and track the location of assets, people or objects in real time. They use wireless communication technologies such as radio frequency identification (RFID), Wireless Fidelity (Wi-Fi), Bluetooth low energy, global positioning system (GPS), and ultrasound to track and locate assets or individuals. It is used in the healthcare industry to improve patient safety, staff efficiency, and asset management. It is also utilized to track medical equipment, monitor patient movements, and ensure that staff members are adhering to proper hygiene protocols. In addition, it is used to optimize workflows, increase efficiency, reduce wait times, and enhance patient satisfaction. Besides this, the data collected by these systems can also be used for analytics, such as identifying bottlenecks, optimizing resource allocation, and improving overall operational efficiency. Owing to these benefits, RTLS systems are widely adopted in the healthcare industry across the globe.
Real Time Location Systems (RTLS) for Healthcare Market Trends:
The market is primarily driven by the increasing need for asset tracking and management. Healthcare organizations are adopting solutions to manage medical equipment, drugs, and supplies. RTLS can provide real-time information on the location and status of assets, improving inventory control and reducing equipment loss. In addition, the growing focus on patient safety represents another major growth-inducing factor. RTLS can improve patient safety by providing real-time information on patient location and movement, reducing the risk of adverse events, and improving response times in emergencies. Besides this, various technological advancements, such as the integration of The Internet of Things (IoT) in healthcare to provide real-time location data for patients and assets, are also contributing to the market growth. Moreover, various government agencies are implementing policies mandating healthcare institutes to maintain accurate records of patient and equipment movements. RTLS can help healthcare facilities comply with these requirements by providing real-time location data. This, coupled with the increasing demand for remote patient monitoring due to the sudden outbreak of the coronavirus disease (COVID-19) pandemic, is accelerating the product adoption rate. Furthermore, the developing healthcare infrastructure and rising healthcare expenditure are also creating a favorable market outlook across the globe.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global real time location systems (RTLS) for healthcare market, along with forecasts at the global, regional, and country levels from 2024-2032. Our report has categorized the market based on offering, applications and end use.
Offering Insights:
Software
Hardware
Service
The report has provided a detailed breakup and analysis of the real time location systems (RTLS) for healthcare market based on the offering. This includes software, hardware and service. According to the report, hardware accounted for the majority of the market share.
Applications Insights:
Asset Tracking
Patient Safety
Personnel Tracking
Environmental Monitoring
Others
The report has provided a detailed breakup and analysis of the real time location systems (RTLS) for healthcare market based on the applications. This includes asset tracking, patient safety, personnel tracking, environmental monitoring, and others. According to the report, asset tracking represented the largest segment.
End Use Insights:
Hospitals
Clinics
Emergency Medical Services
Eldercare Facilities
Diagnostic Labs
A detailed breakup and analysis of the real time location systems (RTLS) for healthcare market based on the end use has also been provided in the report. This includes hospitals, clinics, emergency medical services, eldercare facilities, and diagnostic labs. According to the report, hospitals accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for real time location systems (RTLS) for healthcare. Some of the factors driving the Asia Pacific real time location systems (RTLS) for healthcare market included the growing preference for better patient care, the rising need for asset management, the implementation of government initiatives, etc.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global real time location systems (RTLS) for healthcare market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include AiRISTA Flow Inc., Centrak Inc. (Halma plc), GE Healthcare Technologies Inc. (General Electric Company), Hewlett Packard Enterprise Development LP, Midmark Corporation, Sonitor Technologies AS, Stanley Healthcare (Stanley Black & Decker Inc.), TeleTracking Technologies Inc., Zebra Technologies Corporation, etc.
Key Questions Answered in This Report:
- How has the global real time location systems (RTLS) for healthcare market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global real time location systems (RTLS) for healthcare market?
- What is the impact of each driver, restraint, and opportunity on the global real time location systems (RTLS) for healthcare market?
- What are the key regional markets?
- Which countries represent the most attractive real time location systems (RTLS) for healthcare market?
- What is the breakup of the market based on the offering?
- Which is the most attractive offering in the real time location systems (RTLS) for healthcare market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the real time location systems (RTLS) for healthcare market?
- What is the breakup of the market based on the end user?
- Which is the most attractive end user in the real time location systems (RTLS) for healthcare market?
- What is the competitive structure of the global real time location systems (RTLS) for healthcare market?
- Who are the key players/companies in the global real time location systems (RTLS) for healthcare market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Real Time Location Systems (RTLS) for Healthcare Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Offering
- 6.1 Software
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Hardware
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Service
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by Application
- 7.1 Asset Tracking
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Patient Safety
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Personnel Tracking
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
- 7.4 Environmental Monitoring
- 7.4.1 Market Trends
- 7.4.2 Market Forecast
- 7.5 Others
- 7.5.1 Market Trends
- 7.5.2 Market Forecast
8 Market Breakup by End Use
- 8.1 Hospitals
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Clinics
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Emergency Medical Services
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Eldercare Facilities
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Diagnostic Labs
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 Drivers, Restraints, and Opportunities
- 10.1 Overview
- 10.2 Drivers
- 10.3 Restraints
- 10.4 Opportunities
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 AiRISTA Flow Inc.
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Centrak Inc. (Halma plc)
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 GE Healthcare Technologies Inc. (General Electric Company)
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 Hewlett Packard Enterprise Development LP
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.4.3 Financials
- 14.3.4.4 SWOT Analysis
- 14.3.5 Midmark Corporation
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Sonitor Technologies AS
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.7 Stanley Healthcare (Stanley Black & Decker Inc.)
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 TeleTracking Technologies Inc.
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.9 Zebra Technologies Corporation
- 14.3.9.1 Company Overview
- 14.3.9.2 Product Portfolio
- 14.3.9.3 Financials
- 14.3.9.4 SWOT Analysis
- 14.3.1 AiRISTA Flow Inc.
List of Figures
- Figure 1: Global: Real Time Location Systems for Healthcare Market: Major Drivers and Challenges
- Figure 2: Global: Real Time Location Systems for Healthcare Market: Sales Value (in Billion US$), 2018-2023
- Figure 3: Global: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Billion US$), 2024-2032
- Figure 4: Global: Real Time Location Systems for Healthcare Market: Breakup by Offering (in %), 2023
- Figure 5: Global: Real Time Location Systems for Healthcare Market: Breakup by Application (in %), 2023
- Figure 6: Global: Real Time Location Systems for Healthcare Market: Breakup by End Use (in %), 2023
- Figure 7: Global: Real Time Location Systems for Healthcare Market: Breakup by Region (in %), 2023
- Figure 8: Global: Real Time Location Systems for Healthcare (Software) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Real Time Location Systems for Healthcare (Software) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Real Time Location Systems for Healthcare (Hardware) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Real Time Location Systems for Healthcare (Hardware) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Real Time Location Systems for Healthcare (Service) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Real Time Location Systems for Healthcare (Service) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Real Time Location Systems for Healthcare (Asset Tracking) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Real Time Location Systems for Healthcare (Asset Tracking) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Real Time Location Systems for Healthcare (Patient Safety) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Real Time Location Systems for Healthcare (Patient Safety) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Real Time Location Systems for Healthcare (Personnel Tracking) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Real Time Location Systems for Healthcare (Personnel Tracking) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Real Time Location Systems for Healthcare (Environmental Monitoring) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Real Time Location Systems for Healthcare (Environmental Monitoring) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Real Time Location Systems for Healthcare (Other Applications) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Real Time Location Systems for Healthcare (Other Applications) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Real Time Location Systems for Healthcare (Hospitals) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Real Time Location Systems for Healthcare (Hospitals) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Real Time Location Systems for Healthcare (Clinics) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Real Time Location Systems for Healthcare (Clinics) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: Global: Real Time Location Systems for Healthcare (Emergency Medical Services) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: Global: Real Time Location Systems for Healthcare (Emergency Medical Services) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: Global: Real Time Location Systems for Healthcare (Eldercare Facilities) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: Global: Real Time Location Systems for Healthcare (Eldercare Facilities) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Global: Real Time Location Systems for Healthcare (Diagnostic Labs) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Global: Real Time Location Systems for Healthcare (Diagnostic Labs) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: North America: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: North America: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: United States: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: United States: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Canada: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Canada: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: Asia-Pacific: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: Asia-Pacific: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: China: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: China: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Japan: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Japan: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: India: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: India: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: South Korea: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: South Korea: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Australia: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Australia: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Indonesia: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Indonesia: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: Others: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: Others: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: Europe: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: Europe: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Germany: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Germany: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: France: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: France: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: United Kingdom: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: United Kingdom: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Italy: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Italy: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Spain: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Spain: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Russia: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Russia: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Others: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Others: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Latin America: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Latin America: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Brazil: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Brazil: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 76: Mexico: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 77: Mexico: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 78: Others: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 79: Others: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 80: Middle East and Africa: Real Time Location Systems for Healthcare Market: Sales Value (in Million US$), 2018 & 2023
- Figure 81: Middle East and Africa: Real Time Location Systems for Healthcare Market: Breakup by Country (in %), 2023
- Figure 82: Middle East and Africa: Real Time Location Systems for Healthcare Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 83: Global: Real Time Location Systems for Healthcare Industry: Drivers, Restraints, and Opportunities
- Figure 84: Global: Real Time Location Systems for Healthcare Industry: Value Chain Analysis
- Figure 85: Global: Real Time Location Systems for Healthcare Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Real Time Location Systems for Healthcare Market: Key Industry Highlights, 2023 & 2032
- Table 2: Global: Real Time Location Systems for Healthcare Market Forecast: Breakup by Offering (in Million US$), 2024-2032
- Table 3: Global: Real Time Location Systems for Healthcare Market Forecast: Breakup by Application (in Million US$), 2024-2032
- Table 4: Global: Real Time Location Systems for Healthcare Market Forecast: Breakup by End Use (in Million US$), 2024-2032
- Table 5: Global: Real Time Location Systems for Healthcare Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Real Time Location Systems for Healthcare Market: Competitive Structure
- Table 7: Global: Real Time Location Systems for Healthcare Market: Key Players
