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Global RTLS Market in the Healthcare Industry 2016-2020

Global RTLS Market in the Healthcare Industry 2016-2020

An overview of the global RTLS market in the healthcare industry

Technavio’s market research analyst expects the global RTLS market in the healthcare industry to witness a tremendous growth during the forecast period, posting a CAGR of more than 56%. RTLS or real-time location system solutions provide a high degree of intelligence in locating assets as people that brings real-time data to the decision-makers, which leads to process improvement and faster decision making. As a result, the demand for RTLS solutions is expected to increase significantly.

A large number of hospitals are deploying RTLS tags to enhance its operations and increase profitability, which is one major driver contributing to the growth of the market. RFID tags provide a wide variety of applications such as asset management, for quickly locating equipment such as hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps. Also, they make use of RTLS tags for monitoring of sensitive equipment's, violent patients, and hospital staffs, including doctors and nurses. Therefore, there is an enormous growth opportunity for the global RTLS market in the healthcare industry.

Application segmentation and analysis of the global RTLS market in the healthcare industry

  • Asset monitoring
  • Patient safety
  • Employee management
  • Clinical monitoring
As of 2015, the asset monitoring segment dominated the global RTLS market in the healthcare industry, and this segment will continue to lead the market till 2020. The growth of the asset monitoring segment is largely attributed to the increasing deployment of RTLS solutions and increasing penetration of Wi-Fi and WLAN's in hospitals.

Geographical segmentation of the global RTLS market in the healthcare industry
  • Americas
  • APAC
  • EMEA
With a significant market share of 62%, the Americas dominated the global RTLS market in the healthcare industry in 2015, followed by the EMEA, and the APAC region. Some of the major RTLS providers in hospitals in the Americas are Ekahau, Zebra, and Aeroscout.

Competitive landscape and key vendors

The present competitive environment of the RTLS market in the healthcare industry is expected to intensify following an increase in R&D and M&A during the forecast period. The market is also likely to witness the trend of territorial acquisitions by leading global players. Also, the key players in the market are expected to diversify their geographical presence with a focus on the APAC region during the forecast period.

The top vendors in the market include -
  • AeroScout
  • Ekahau
  • HP
  • Zebra Technologies
The other prominent vendors of the market include Axcess International, Awarepoint, BeSpoon, Borda Technology, Centrak, DecaWave, Elpas (Tyco Security Products), Emanate Wireless, GE Healthcare, IBM, Intelligent Insites, Identec Solutions, Plus Location Systems, Purelink, Radianse, RF Technologies, Sonitor Technologies, Sewio, TagSense, Teletracking Technologies, ThingMagic, and Versus Technology.

Key questions answered in the report
  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global RTLS market in the healthcare industry?
  • What are the key market trends impacting the growth of the global RTLS market in the healthcare industry?
  • What are the challenges to market growth?
  • Who are the key vendors in the global RTLS market in the healthcare industry?
  • What are the market opportunities and threats faced by the vendors in the global RTLS market in the healthcare industry?
  • What are the trending factors influencing the market shares of the Americas, EMEA, and APAC?
  • What are the key outcomes of the five forces analysis of the global RTLS market in the healthcare industry?
Technavio also offers customization on reports based on specific client requirement.

Related reports
  • Global Real-time Location System (RTLS) market 2015-2019
  • RTLS Market in North America 2015-2019


Press Release

Technavio Announces the Publication of its Research Report – Global RTLS Market in Healthcare industry 2016-2020
Technavio recognizes the following companies as the key players in the Global RTLS Market in Healthcare industry: AeroScout, Ekahau, HP and Zebra Technologies
Other Prominent Vendors in the market are: Axcess International, Awarepoint, BeSpoon, Borda Technology, Centrak, DecaWave, Elpas (Tyco Security Products), Emanate Wireless, GE Healthcare, IBM, Intelligent Insites, Identec Solutions, Plus Location Systems, Purelink, Radianse, RF Technologies, Sonitor Technologies, Sewio, TagSense, Teletracking Technologies, ThingMagic, and Versus Technology.
Commenting on the report, an analyst from Technavio’s team said: “The use of LBM to ensure proper communication among hospital staff and patients, the increased use of beacons to address information gaps, and the use of data analytics software are some of the emerging trends in the market.”
According to the report, the increased use of RTLS solutions in the healthcare industry for asset management and employee monitoring is one of the major driving forces for the market.
Further, the report states that RFID tags can be easily jammed, which causes delay in operations in hospitals

Companies Mentioned

AeroScout, Ekahau, HP, Zebra Technologies, Axcess International, Awarepoint, BeSpoon, Borda Technology, Centrak, DecaWave, Elpas (Tyco Security Products), Emanate Wireless, GE Healthcare, IBM, Intelligent Insites, Identec Solutions, Plus Location Systems, Purelink, Radianse, RF Technologies, Sonitor Technologies, Sewio, TagSense, Teletracking Technologies, ThingMagic, Versus Technology.

  • Executive summary
    • Highlights
  • Scope of the report
    • Market overview
      • Table Scope of report
    • Top-vendor offerings
      • Table Product offerings
  • Market research Methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
    • Five forces analysis
      • Table Five forces analysis
    • Market size and forecast
      • Table Global RTLS market in healthcare industry 2015-2020 ($ millions)
      • Table Percentage shipment of RTLS technologies 2015
  • Segmentation by application
    • Global RTLS market in healthcare industry by application
      • Table Global RTLS market in healthcare industry by application 2015 and 2020
  • Geographical segmentation
    • Global RTLS market by geographical segmentation
      • Table Global RTLS market by geographical segmentation 2015
  • Market drivers
  • Impact of drivers
    • Table Impact of drivers
  • Market challenges
  • Impact of drivers and challenges
    • Table Impact of drivers and challenges
  • Market trends
  • Vendor landscape
    • Competitive scenario
    • AeroScout (Stanley Healthcare Solutions)
      • Table AeroScout: Products and services
    • Ekahau
    • HP Enterprise Services
      • Table HP Enterprise Services: Business segmentation by revenue 2014
      • Table HP Enterprise Services: Revenue by 2013 and 2014 ($ billions)
      • Table HP Enterprise Services: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table HP Enterprise Services: Geographical segmentation by revenue 2014
    • Zebra Technologies
      • Table Zebra Technologies: Business segmentation by revenue 2014
      • Table Zebra Technologies: Business segmentation by revenue 2013 and 2014 ($ billions)
      • Table Zebra Technologies: Geographical segmentation by revenue 2014
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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