Press release
RTLS for Healthcare Expected to Reach US$ 6,384.45 Mn in 2027 - CenTrak, Impinj, Intelligent, Aruba, Midmark, Sanitag, Sonitor, Stanley Healthcare, Teletracking, Zebra
RTLS for Healthcare Market
The Global RTLS for healthcare market is expected to reach US$ 6,384.45 Mn in 2027 from US$ 1,455.73 Mn in 2018. The RTLS for healthcare market is estimated to grow with a CAGR of 18.6% from 2019-2027.
The market is driven by factors such as, benefits associated with RTLS system and increased market competitiveness with the emergence of start-ups. However, data security and privacy concerns associated with RTLS may limit the growth of the market to a certain extent.
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The List of Companies-
1. CenTrak,2. Impinj, Inc,3. Intelligent InSites,4. Aruba (Hewlett Packard Enterprise Development LP),5. Midmark Corporation,6. Sanitag,7. Sonitor Technologies,8. Stanley Healthcare,9. Teletracking Technologies, Inc,10. Zebra Technologies Corp
Though there are many advantages of RTLS for healthcare though the data security is major concern. There are times when concerns for privacy bench discussions about tracking somebody's location over a network. Both data privacy and data security are strongly interconnected with each other. For instance, sometimes, even union members worry that an RTLS solution will be used to monitor specific employees as they work or take breaks unfairly. Hence, data security concern is anticipated to hinder growth of the RTLS for healthcare market.
Global RTLS for healthcare market is segmented by Technology, Facility Type, and Application. The technology segment includes RFID, Wi-Fi, Bluetooth, GPS, UWB and Others. By facility type it was segmented in hospitals and healthcare facilities and senior living centres. By application it is categorized inventory and asset tracking, patient and staff tracking, access control and security, environment monitoring, supply chain management and operation automation and others.
Some of the major primary and secondary sources included in the report are, Department of Industrial Policy and Promotion, Canadian Institutes of Health Research European Union, General Data Protection Regulation, World Health Organization, US Food and Drug Administration, among others.
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Table of Content:
1 Introduction
1.1 Scope of Study
2 Key Takeaways
3 RTLS for Healthcare Market Landscape
3.1 Market Overview
3.2 Market Segmentation
3.3 PEST Analysis
4 RTLS for Healthcare Market - Key Industry Dynamics
4.1 Key Market Drivers
4.2 Key Market Restraints
4.3 Key Market Opportunities
4.4 Future Trends
4.5 Impact Analysis
5 RTLS for Healthcare Market Analysis- Global
5.1 Global RTLS for Healthcare Market Overview
5.2 Global RTLS for Healthcare Market Forecasts and Analysis
5.3 Market Positioning/Market Share
5.4 Performance of Key Players
5.5 Expert Opinions RTLS for Healthcare Market
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