Real Time Location Systems (RTLS) for Healthcare Market by Offering (Software, Hardware, Service), Applications (Asset Tracking, Patient Safety, Personnel Tracking, Environmental Monitoring, and Others), End Use (Hospitals, Clinics, Emergency Medical Services, Eldercare Facilities, Diagnostic Labs), and Region 2024-2032

Real Time Location Systems (RTLS) for Healthcare Market by Offering (Software, Hardware, Service), Applications (Asset Tracking, Patient Safety, Personnel Tracking, Environmental Monitoring, and Others), End Use (Hospitals, Clinics, Emergency Medical Services, Eldercare Facilities, Diagnostic Labs), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A7250
Buy Now

Market Overview:

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.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 2.6 Billion
Market Forecast in 2032
US$ 10.3 Billion
Market Growth Rate 2024-2032 16.15%


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. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Offerings Covered Software, Hardware, Service
Applicationss Covered Asset Tracking, Patient Safety, Personnel Tracking, Environmental Monitoring, Others
End Uses Covered Hospitals, Clinics, Emergency Medical Services, Eldercare Facilities, Diagnostic Labs
Regions Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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?

Key Benefits for Stakeholders:

  • IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the real time location systems (RTLS) for healthcare market from 2018-2032.
  • The research study provides the latest information on the market drivers, challenges, and opportunities in the global real time location systems (RTLS) for healthcare market.
  • The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
  • Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the real time location systems (RTLS) for healthcare industry and its attractiveness.
  • Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Real Time Location Systems (RTLS) for Healthcare Market by Offering (Software, Hardware, Service), Applications (Asset Tracking, Patient Safety, Personnel Tracking, Environmental Monitoring, and Others), End Use (Hospitals, Clinics, Emergency Medical Services, Eldercare Facilities, Diagnostic Labs), and Region 2024-2032
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More