Real Time Location Systems (RTLS) in Healthcare Market:
Executive Summary
Real Time Location systems (RTLS) are utilized for continuous monitoring the location of personnel or objects. RTLS systems offer accurate measurement of the position of the objects. RTLS products have found increased utilization the healthcare industry in recent years. RTLS systems have been exhibiting growing utilization for patient safety and care as well as improving the efficiency of healthcare facilities.
Real Time Location systems (RTLS) in Healthcare market report provides a detailed analysis on the industry by Technologies, By Applications, By Components, by End Users and by region. The market has been segmented by Component into Tags, Software, Sensor and Services. By End user the market has been divided into Hospitals, Elder Care Facilities, Laboratories and Emergency medical services. Based on Technology RTLS market is divided into Active RFID [further divided into Bluetooth, WI-Fi, GPS, UWB, Ultrasound, Infrared and Zigbee] and Passive RFID.
RTLS in Healthcare Market
Americas and Europe account for the highest market share in Global RTLS Healthcare market, owing to the higher penetration and awareness regarding the benefits of RTLS. South American market will exhibit highest growth through 2021. The growth can be highly attributed to the the improving economies and growing awareness regarding RTLS systems. The evolution of Healthcare Industry has led to innovations in the RTLS Market leading to growing adoption of these systems. The changing demographics globally with the growing elderly population has spurred the adoption of RTLS in this industry, particularly for patient tracking. The significant governmental policies favouring the RTLS devices currently, particularly for elder care, combined with new policies to be enacted in Europe will also drive the RTLS market.
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The top five companies in the RTLS healthcare market include:
- Ekahau Inc. (U.S)
- Awarepoint Corp. (U.S)
- Centrak (U.S)
- Versus Technologies (U.S)
- Stanley, Black and Decker (U.S)
The RTLS Healthcare Market study across various applications is incorporated in the Report:
- Asset Tracking
- Work in Progress Tracking
- Hand Hygiene Tracking
- Temperature and Humidity Monitoring
- Patient Safety Tracking
- Personnel Tracking
The methodology for estimating the RTLS in Healthcare Market has been highly dependent upon the area of application and technology utilized. A bottom-up approach was used to calculate and add up the sales from technology category and applications to get the global market numbers of these respective segments. In this method, the sales for each segment were calculated by taking into account the individual sales and installations as well as average price of each system. Post calculating the market for each technology type and application, a geographical split was done for North America, Europe, Asia-Pacific, South America and Rest of World. The key parameters such as the penetration of RTLS as well as population wealth (as a percentage of the total GDP) are considered at country level to calculate the regional market sales by country. Following this the market was further estimated for the component and end user segments.
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