RTLS in healthcare market to grow by USD 3.2737 billion between 2022 to 2027; Growth opportunities led by Advantech Co. Ltd. and AiRISTA Flow Inc.- Technavio

NEW YORK, Aug. 18, 2023 /PRNewswire/ — The latest report on RTLS in the healthcare market, 2022-2027 estimates to register an incremental growth of USD 3,273.72 million at a CAGR of 23.28% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The need for improved patient safety drives the RTLS market growth in healthcare. The market growth can be attributed to its capability to enable real-time patient tracking and thus improve patient safety. RTLS lowers the possibility of errors by delivering precise and current information on the whereabouts of patients inside a healthcare facility. Hence, such factors drive the market growth during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

RTLS in Healthcare Market 2023-2027: Scope
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The RTLS in the healthcare market report covers the following areas:
RTLS in Healthcare Market 2023-2027 SizeRTLS in Healthcare Market 2023-2027 TrendsRTLS in Healthcare Market 2023-2027 Industry AnalysisRTLS in healthcare market 2023-2027: Company Analysis
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Advantech Co. Ltd., AiRISTA Flow Inc., America Movil SAB de CV, ASSA ABLOY AB, Baxter International Inc., Borda Technology, GE Healthcare Technologies Inc., Halma Plc, Hewlett Packard Enterprise Co., INTELLIGENT LOCATIONS, Litum Technologies Inc., MYSPHERA, Purelink, SGS SA, Siemens AG, Sonitor Technologies AS, Stanley Black and Decker Inc., TeleTracking Technologies Inc., Ubisense Ltd., and Zebra Technologies Corp. are among some of the major market participants.
Company Offerings
Advantech Co. Ltd. – The company offers RTLS in healthcare called Real Time Location System tag.AiRISTA Flow Inc. – The company offers RTLS in healthcare called the AiRISTA RTLS solution.America Movil SAB de CV – The company offers RTLS in healthcare called Real Time Location System Plus RTLS Patient Monitoring under its subsidiary called Claro.What`s New for 2023?
Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recessionGlobal competitiveness and key competitor positionsMarket presence across multiple geographical footprints – Strong/Active/Niche/TrivialCustomization options available as per your business needsAccess to 17000+ research report subscriptions – Buy Now!RTLS in Healthcare Market 2023-2027: Market Dynamics
Major Trends
The integration with electronic health records (EHR) is an emerging RTLS in the healthcare market trend. To utilize the capabilities of RTLS to share data with EHR platforms easily, besides improving patient care coordination and workflow effectiveness, integration with electronic health records (EHR) is carried out. Furthermore, it helps medical professionals to gain real-time visibility into the patient’s condition and be able to make more precise and timely treatment decisions by integrating RTLS data. The data includes patient location and mobility, with EHR systems. Hence, such trends fuel the growth of the RTLS in healthcare market during the forecast period.
For more details understanding of Market Dynamics download Sample reports
RTLS in Healthcare Market 2023-2027: Segmentation
RTLS in Healthcare Market is segmented as below:
Technology RFIDWiFiUWBBLEOthersComponent HardwareSoftwareServicesGeography North AmericaEuropeAsiaRest Of World (ROW)The RFID segment is significant growth during the forecast period. The growth of this segment is attributed to its several benefits such as non-line-of-sight tracking, long-range capabilities, and affordability. For instance, to track medical equipment, the University of California San Francisco Medical Center developed an RFID-based RTLS solution, which enables effective inventory management and reduces equipment search time. Hence, such factors boost the RFID segment of the RTLS in the healthcare market during the forecast period.
For insights on global, regional, and country-level parameters with growth opportunities, historic market data (2017 to 2021) & forecast market size (2023-2027) – Download a Sample Report
RTLS in Healthcare Market 2023-2027: Key Highlights
CAGR of the market during the forecast period 2023-2027Detailed information on factors that will assist RTLS in healthcare market growth during the next five yearsEstimation of the RTLS in healthcare market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the RTLS in healthcare marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of RTLS in healthcare market, vendorsGain instant access to 17,000+ market research reports. Technavio’s SUBSCRIPTION platform
Related Reports:Blockchain technology in healthcare market is estimated to grow at a CAGR of 32.79% between 2022 and 2027. The market size is forecasted to increase by USD 1,939.31 million. This blockchain technology in healthcare market report extensively covers market segmentation by type (private, public, and hybrid), end-user (pharmaceutical and medical device companies, healthcare payers, and healthcare providers), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing inclination toward data security is notably driving the market growth. 
The global healthcare information software market size is estimated to grow by USD 7,279.27 million at a CAGR of 4.98% between 2022 and 2027. Technavio has segmented the market into Application, Deployment, and Geography. The rising prevalence of chronic diseases is the key driver for the growth of the market. 
RTLS In Healthcare Market Scope
Report Coverage
Details
Base year
2022
Historic period
2017-2021
Forecast period
2023-2027
Growth momentum & CAGR
Accelerate at a CAGR of 23.28%
Market growth 2023-2027
USD 3,273.72 million
Market structure
Fragmented
YoY growth 2022-2023(%)
22.79
Regional analysis
North America, Europe, Asia, and Rest of World (ROW)
Performing market contribution
North America at 28%
Key countries
US, Canada, China, Japan, and UK
Competitive landscape
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled
Advantech Co. Ltd., AiRISTA Flow Inc., America Movil SAB de CV, ASSA ABLOY AB, Baxter International Inc., Borda Technology, GE Healthcare Technologies Inc., Halma Plc, Hewlett Packard Enterprise Co., INTELLIGENT LOCATIONS, Litum Technologies Inc., MYSPHERA, Purelink, SGS SA, Siemens AG, Sonitor Technologies AS, Stanley Black and Decker Inc., TeleTracking Technologies Inc., Ubisense Ltd., and Zebra Technologies Corp.
Market dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Customization purview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
1 Executive Summary2 Market Landscape3 Market Sizing4 Historic Market Size5 Five Forces Analysis6 Market Segmentation by Technology7 Market Segmentation by Component8 Customer Landscape9 Geographic Landscape10 Drivers, Challenges, and Trends11 Company Landscape12 Company Analysis13 Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: media@technavio.comWebsite: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rtls-in-healthcare-market-to-grow-by-usd-3-2737-billion-between-2022-to-2027-growth-opportunities-led-by-advantech-co-ltd-and-airista-flow-inc–technavio-301903909.html
SOURCE Technavio 

NEW YORK, Aug. 18, 2023 /PRNewswire/ — The latest report on RTLS in the healthcare market, 2022-2027 estimates to register an incremental growth of USD 3,273.72 million at a CAGR of 23.28% during the forecast period. The market is fragmented due to the presence of diversified international and regional vendors. The need for improved patient safety drives the RTLS market growth in healthcare. The market growth can be attributed to its capability to enable real-time patient tracking and thus improve patient safety. RTLS lowers the possibility of errors by delivering precise and current information on the whereabouts of patients inside a healthcare facility. Hence, such factors drive the market growth during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request sample report 

RTLS in Healthcare Market 2023-2027: Scope

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The RTLS in the healthcare market report covers the following areas:

RTLS in Healthcare Market 2023-2027 SizeRTLS in Healthcare Market 2023-2027 TrendsRTLS in Healthcare Market 2023-2027 Industry Analysis

RTLS in healthcare market 2023-2027: Company Analysis

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. Advantech Co. Ltd., AiRISTA Flow Inc., America Movil SAB de CV, ASSA ABLOY AB, Baxter International Inc., Borda Technology, GE Healthcare Technologies Inc., Halma Plc, Hewlett Packard Enterprise Co., INTELLIGENT LOCATIONS, Litum Technologies Inc., MYSPHERA, Purelink, SGS SA, Siemens AG, Sonitor Technologies AS, Stanley Black and Decker Inc., TeleTracking Technologies Inc., Ubisense Ltd., and Zebra Technologies Corp. are among some of the major market participants.

Company Offerings

Advantech Co. Ltd. – The company offers RTLS in healthcare called Real Time Location System tag.AiRISTA Flow Inc. – The company offers RTLS in healthcare called the AiRISTA RTLS solution.America Movil SAB de CV – The company offers RTLS in healthcare called Real Time Location System Plus RTLS Patient Monitoring under its subsidiary called Claro.

What`s New for 2023?

Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recessionGlobal competitiveness and key competitor positionsMarket presence across multiple geographical footprints – Strong/Active/Niche/TrivialCustomization options available as per your business needsAccess to 17000+ research report subscriptions – Buy Now!

RTLS in Healthcare Market 2023-2027: Market Dynamics

Major Trends

The integration with electronic health records (EHR) is an emerging RTLS in the healthcare market trend. To utilize the capabilities of RTLS to share data with EHR platforms easily, besides improving patient care coordination and workflow effectiveness, integration with electronic health records (EHR) is carried out. Furthermore, it helps medical professionals to gain real-time visibility into the patient’s condition and be able to make more precise and timely treatment decisions by integrating RTLS data. The data includes patient location and mobility, with EHR systems. Hence, such trends fuel the growth of the RTLS in healthcare market during the forecast period.

For more details understanding of Market Dynamics download Sample reports

RTLS in Healthcare Market 2023-2027: Segmentation

RTLS in Healthcare Market is segmented as below:

Technology RFIDWiFiUWBBLEOthersComponent HardwareSoftwareServicesGeography North AmericaEuropeAsiaRest Of World (ROW)

The RFID segment is significant growth during the forecast period. The growth of this segment is attributed to its several benefits such as non-line-of-sight tracking, long-range capabilities, and affordability. For instance, to track medical equipment, the University of California San Francisco Medical Center developed an RFID-based RTLS solution, which enables effective inventory management and reduces equipment search time. Hence, such factors boost the RFID segment of the RTLS in the healthcare market during the forecast period.

For insights on global, regional, and country-level parameters with growth opportunities, historic market data (2017 to 2021) & forecast market size (2023-2027) – Download a Sample Report

RTLS in Healthcare Market 2023-2027: Key Highlights

CAGR of the market during the forecast period 2023-2027Detailed information on factors that will assist RTLS in healthcare market growth during the next five yearsEstimation of the RTLS in healthcare market size and its contribution to the parent marketPredictions on upcoming trends and changes in consumer behaviorThe growth of the RTLS in healthcare marketAnalysis of the market’s competitive landscape and detailed information on vendorsComprehensive details of factors that will challenge the growth of RTLS in healthcare market, vendors

Gain instant access to 17,000+ market research reports. 
Technavio’s SUBSCRIPTION platform

Related Reports:
Blockchain technology in healthcare market is estimated to grow at a CAGR of 32.79% between 2022 and 2027. The market size is forecasted to increase by USD 1,939.31 million. This blockchain technology in healthcare market report extensively covers market segmentation by type (private, public, and hybrid), end-user (pharmaceutical and medical device companies, healthcare payers, and healthcare providers), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing inclination toward data security is notably driving the market growth. 

The global healthcare information software market size is estimated to grow by USD 7,279.27 million at a CAGR of 4.98% between 2022 and 2027. Technavio has segmented the market into Application, Deployment, and Geography. The rising prevalence of chronic diseases is the key driver for the growth of the market. 

RTLS In Healthcare Market Scope

Report Coverage

Details

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 23.28%

Market growth 2023-2027

USD 3,273.72 million

Market structure

Fragmented

YoY growth 2022-2023(%)

22.79

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 28%

Key countries

US, Canada, China, Japan, and UK

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advantech Co. Ltd., AiRISTA Flow Inc., America Movil SAB de CV, ASSA ABLOY AB, Baxter International Inc., Borda Technology, GE Healthcare Technologies Inc., Halma Plc, Hewlett Packard Enterprise Co., INTELLIGENT LOCATIONS, Litum Technologies Inc., MYSPHERA, Purelink, SGS SA, Siemens AG, Sonitor Technologies AS, Stanley Black and Decker Inc., TeleTracking Technologies Inc., Ubisense Ltd., and Zebra Technologies Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Technology
7 Market Segmentation by Component
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Company Landscape
12 Company Analysis
13 Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/rtls-in-healthcare-market-to-grow-by-usd-3-2737-billion-between-2022-to-2027-growth-opportunities-led-by-advantech-co-ltd-and-airista-flow-inc–technavio-301903909.html

SOURCE Technavio

 

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