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Global RTLS Market in Healthcare Sector 2017-2021

About RTLS in the Healthcare Sector

The RTLS is technology is used to find, track, manage, and identify the geographical position of a target on a real-time basis. This is done with the help of nodes or tags and readers. Nodes or tags are embedded in smartphones or navigational devices, through which a user can easily track an object.

Technavio’s analysts forecast the global RTLS market in the healthcare sector to grow at a CAGR of 50.47% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global RTLS market in the healthcare sector for 2017-2021. To calculate the market size, the report considers the revenue generated from the following:

  • RTLS systems and tags
  • Active radio-frequency identification (RFID), passive RFID, out-of-band, GPS, AGPS, and Wi-Fi technologies.
  • Asset tracking, people tracking, and hospital management
The market is divided into the following segments based on geography:
  • Americas
  • APAC
  • EMEA
Technavio's report, Global RTLS Market in the Healthcare Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • AiRISTA
  • HP
  • STANLEY Healthcare
  • Zebra
Other prominent vendors
  • Awarepoint
  • BeSpoon
  • Borda Technology
  • CenTrak
  • decaWave
  • Emanate Wireless
  • GE Healthcare
  • IBM
  • Intelligent InSites
  • Purelink
  • Radianse
  • RF Technologies
  • Sonitor Technologies
  • Sewio
  • TagSense
  • TeleTracking Technologies
  • ThingMagic
  • Tyco Security Products
  • Versus Technology
Market driver
  • Increased usage of RTLS tags in hospital
  • For a full, detailed list, view our report
Market challenge
  • Limited well-defined RTLS technology standards
  • For a full, detailed list, view our report
Market trend
  • Introduction of new cost-effective technologies
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?


Press Release

Technavio Announces the Publication of its Research Report – Global RTLS Market in the Healthcare Sector 2017-2021

Technavio recognizes the following companies as the key players in the global RTLS market in the healthcare sector: AiRISTA, HP, STANLEY Healthcare, and Zebra

Other Prominent Vendors in the market are: Awarepoint, BeSpoon, Borda Technology, CenTrak, decaWave, Emanate Wireless, GE Healthcare, IBM, Intelligent InSites, Purelink, Radianse, RF Technologies, Sonitor Technologies, Sewio, TagSense, TeleTracking Technologies, ThingMagic, Tyco Security Products, and Versus Technology

Commenting on the report, an analyst from Technavio’s team said: “In the healthcare domain, right communication between patient and doctor and patient and caretaker is the key factor. Poor communication between hospital staff and patients leads to treatment delays. Delay in communication at times become critical and lead to patient deaths. Earlier, pagers were used inside hospitals. However, this has caused inefficiency. Owing to the use of outdated technology, the hospital staff loses an average of 46 minutes each working day. Therefore, to improve the efficiency and reduce the cost, most of the hospitals are using LBM. This technology is mainly used for patient communications, patient help button alerting, and staff safety alerting.”

According to the report, RFID tags are broadly used across the healthcare sector for asset tracking and workforce management. These tags help the sector enhance its efficiency and effectiveness of various operations. The cost of RFID tags is declining exponentially due to the increase in its adoption rate and competition among vendors in the industry. In 2014, the price of RFID tags had declined to 30%-40% as compared with the cost in 2012.

Further, the report states that despite numerous advantages, RTLS also brings challenges to its enterprise users. The implementation of RTLS is expensive because of its high initial deployment cost. This will prompt manufacturers to opt for low-cost technologies such as barcode systems. The cost of RTLS includes expenses involved in planning and design, cabling, software licenses, and location hardware such as signposts and readers. A full-fledged implementation of RTLS in a large manufacturing company costs between $10 million and $30 million. This initial cost varies from industry to industry.

Companies Mentioned

AiRISTA, HP, STANLEY Healthcare, Zebra, Awarepoint, BeSpoon, Borda Technology, CenTrak, decaWave, Emanate Wireless, GE Healthcare, IBM, Intelligent InSites, Purelink, Radianse, RF Technologies, Sonitor Technologies, Sewio, TagSense, TeleTracking Technologies, ThingMagic, Tyco Security Products, Versus Technology.

  • Executive summary
  • Scope of the report
    • Market overview
    • Top-vendor offerings
      • Table Solution offered
  • Market research methodology
    • Research methodology
    • Economic indicators
  • Introduction
    • Key market highlights
  • Market landscape
    • Market overview
      • Table RTLS technologies
      • Table Comparison of RTLS technologies
      • Table Comparison of active and passive RFID
      • Table Passive RFID tags work at low, high, and ultra-high frequencies
      • Table RTLS applications
      • Table RTLS applications across industries
    • Market size and forecast
      • Table Global RTLS market in healthcare sector 2016-2021 ($ millions)
  • Five forces analysis
    • Table Five forces analysis
  • Market segmentation by solution
    • Global RTLS market in healthcare sector by solution
      • Table Global RTLS market in healthcare sector by solution 2016 and 2021 (%)
      • Table Global RTLS market in healthcare sector by solution 2016-2021 ($ millions)
    • Systems
      • Table Global RTLS market in healthcare sector by systems 2016-2021 ($ millions)
    • Tags
      • Table Global RTLS market by tags 2016-2021 ($ millions)
  • Market segmentation by technology
    • Global RTLS market in healthcare sector by technology
      • Table Global RTLS market in healthcare sector by technology 2016 (%)
      • Table Global RTLS market in healthcare sector by technology 2016-2021 ($ millions)
    • RFID
      • Table Global RTLS market in healthcare sector by RFID 2016-2021 ($ millions)
    • Wi-Fi
      • Table Global RTLS market in healthcare sector by Wi-Fi 2016-2021 ($ millions)
    • Barcodes and QR code
      • Table Global RTLS market in healthcare sector by Barcodes and QR code 2016-2021 ($ millions)
    • Other
      • Table Global RTLS market in healthcare sector by other 2016-2021 ($ millions)
  • Market segmentation by application
    • Global RTLS market in healthcare sector by application
      • Table Global RTLS market in healthcare industry by application 2016 and 2021
  • Geographical segmentation
    • Global RTLS market in healthcare sector by geography
      • Table Global RTLS market in healthcare sector by geography 2016 and 2021 (%)
      • Table Global RTLS market in healthcare sector by geography 2016-2021 ($ millions)
    • Americas
      • Table RTLS market in healthcare in Americas 2016-2021 ($ millions)
    • EMEA
      • Table RTLS market in EMEA 2016-2021 ($ millions)
    • APAC
      • Table RTLS market in APAC 2015-2020 ($ millions)
  • 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
      • Table M&A
  • Key vendor analysis
    • AiRISTA
      • Table Products
      • Table Applications
    • HP
    • STANLEY Healthcare
      • Table Solutions
    • Zebra
      • Table Products per applications
    • Other prominent vendors
  • Appendix
    • List of abbreviation
  • Explore Technavio

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