Kenneth Research, in its repository of market research reports, has recently added a report on RTLS Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The RTLS Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for RTLS Market products.
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According to Market Intelligence, the Global RTLS Market for Healthcare was valued at USD 948.2 Million in 2017 and is projected to reach USD 3,486.4 Million by 2025, growing at a CAGR of 17.7% from 2018 to 2025.
What is RTLS Market for Healthcare?
A real-time location system (RTLS) is the technology that helps in detecting and tracking the current location of the objects or people in real time. It has numerous application in various sectors such as healthcare, military, supply chain management, retail and many more. RTLS is used in the healthcare industry in order to offer real-time tracking and management services of different medical equipment, staffs, and patients within the healthcare environment. It offers many benefits such as accuracy, easy tracking, improves patient outflow, improved communication, enhanced patient satisfaction and faster services.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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Global RTLS Market for Healthcare Market Outlook
Increasing safety and security concerns, diversified product portfolio and growing competitiveness in market have been driving the global RTLS for healthcare market. While data security issues, privacy concerns and high maintenance costs acts a potential restraints for the overall market at a global level.
Global RTLS Market for Healthcare Market Competitive Landscape
The “Global RTLS for healthcare Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Airista, HP, Stanley Healthcare, Zebra, Centrak, Decawave and Emanate Wireless. Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
Global RTLS Market For Healthcare, By Device
- Hardware
- Services
- Software
Global RTLS Market For Healthcare, By Technology
- Bluetooth Low Energy (BLE)
- Radio-Frequency Identification (RFID)
- Infrared
- Ultrasound
- Others
Global RTLS Market For Healthcare, By Applications
- Asset Tracking and Management
- Clinical Operations and Work Flow
- Patient tracking
- Environment monitoring
- Others
Global RTLS Market for Healthcare Market Geographic Scope
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of the World
Research Methodology of Market Intelligence:
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