North America RTLS for Healthcare Market

The North America RTLS for healthcare market was valued US$ 689.83

Mn in the year 2018 and is expected to reach US$ 3,090.08 Mn by 2027 growing at a CAGR of 18.9% over the forecast period.

The growth is characterized by benefits associated with rtls system and increased market competitiveness with the emergence of start-ups.

Many startups companies across the globe are entering into productions or manufacturing of RTLS systems. This has enabled market competitiveness. Moreover, this has increased the market competition, and companies are providing innovative and customized RTLS solutions for all different sectors. From 2014 to 2017, 6 startups have been started across globe for providing RTLS. For instance, Pozyx Labs, the private company was founded in the year 2015, Pozyx ultra-wideband (UWB) is the hardware/software RTLS solution which provides accurate positioning and motion information with sub-meter accuracy of 10 cm. Similarly, the Czech Republic-based Sewio Networks Company was founded in 2014, it provides RTLS hardware and software which are required to gain accurate and actionable data and be more productive, cost-effective and safe. The UK based Proxicon Limited, is the startup founded in the year 2015.

In addition, during the year 2016 to 2019, various companies have made organic and inorganic growth strategies in the market there are operating. Some of the activities undertaken by the company, which have promoted its growth are product launches, acquisition, and partnership. The organic development strategy has been implemented widely that has helped the growth of the companies and in turn, have brought about various changes in the market. For instance, in July 2018, Zebra Technologies Corporation announced two new healthcare barcode printing solutions that can identify patients and specimens at the point of care.

The US RTLS for Healthcare market is expected to grow at highest rate during the forecast period. The growth of this market is primarily driven by benefits associated with RTLS system and increasing start-ups in industry. The market is also experiencing the increasing usage of smartphones, tablets & pads to boost adoption of solutions that are likely to drive the growth of the market.

US RTLS for Healthcare market Revenue and Forecasts to 2027 (US$ Mn)

North America RTLS for Healthcare Strategic Insights

Strategic insights for the North America RTLS for Healthcare provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America RTLS for Healthcare Report Scope

North America RTLS for Healthcare Regional Insights

The geographic scope of the North America RTLS for Healthcare refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

NORTH AMERICA RTLS FOR HEALTHCARE MARKET– MARKET SEGMENTATION

North America RTLS for Healthcare Market – By

Technology

• RFID
• Wi-Fi
• Bluetooth
• GPS
• UWB
• Others

North America RTLS for Healthcare Market – By

Facility Type

• Hospitals and Healthcare Facilities
• Senior Living

North America RTLS for Healthcare Market – By

Application

• Inventory and Asset Tracking
• Patient and Staff Tracking
• Access Control and Security
• Environment Monitoring
• Supply Chain Management and Operation Automation
• Others

By Geography

• North America

  • US
  • Canada
  • Mexico

Company Profiles

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.