Unbelievable Growth in North America RTLS for healthcare Market Opportunities, Growth and Forecasting for next Upcoming Year Until 2027

Publisher: The Insight Partners

In healthcare, a real-time location system (RTLS) is a system used to quickly and real-time monitor and manage medical equipment, staff, and patients in all types of patient care environments. Real-time locating systems (RTLS) are used to automatically identify and track the location of objects or people in real time, usually within a building or other contained area.

The North America RTLS for healthcare market was valued US$ 689.83 Mn in the year 2018 and is expected to reach US$ 3,090.08 Mn by 2027 growing at a CAGR of 18.9% over the forecast period.

The healthcare industry is undergoing rapid transformations since a few years now. Various technological improvements have been witnessed in the segments including diagnosis and treatment options for chronic diseases. The increase in incidences of chronic illnesses and the increasing ageing population are the primary factors fuelling the growth of healthcare segment.

The North America RTLS for Healthcare market is growing along with the healthcare industry, but the market is likely to slow down its growth due to the shortage of skilled professionals, suggests the Business Market Insights report.

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 In addition, during the year 2016 to 2020, various companies have made organic and inorganic growth strategies in the market there are operating. Some of the activities undertaken by the company, which have promoted its growth are product launches, acquisition, and partnership. The organic development strategy has been implemented widely that has helped the growth of the companies and in turn, have brought about various changes in the market. For instance, in July 2018, Zebra Technologies Corporation announced two new healthcare barcode printing solutions that can identify patients and specimens at the point of care.

 These factors are expected to offer broad growth opportunities in the healthcare industry and this is expected to cause the demand for RTLS for healthcare assays in the market.

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NORTH AMERICA RTLS FOR HEALTHCARE MARKET– MARKET SEGMENTATION

By Technology

• RFID
• Wi-Fi
• Bluetooth
• GPS
• UWB

By Facility Type

• Hospitals and Healthcare Facilities
• Senior Living

 By Application

• Inventory and Asset Tracking
• Patient and Staff Tracking
• Access Control and Security
• Environment Monitoring
• Supply Chain Management and Operation Automation
• Others

By Geography

• North America
• US
• Canada
• Mexico

Company Profiles

• CenTrak
• Impinj, Inc.
• Intelligent InSites
• Aruba (Hewlett Packard Enterprise Development LP)
• Midmark Corporation
• Sanitag
• Sonitor Technologies
• STANLEY Healthcare
• Teletracking Technologies, Inc.
• Zebra Technologies Corp.

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