Analysis and Forecasts by Technology (RFID, Wi-Fi, Bluetooth, GPS, UWB, Others); Facility Type (Hospitals and Healthcare Facilities, Senior Living); Application (Inventory and Asset Tracking, Patient and Staff Tracking, Access Control and Security, Environment Monitoring, Supply Chain Management and Operation Automation, Others) and Geography
No. of Pages:166
Report Code:
TIPRE00009242
Category:
Technology, Media and Telecommunications
The Asia Pacific RTLS for Healthcare market is expected to reach US$ 1,158.78 Mn by 2027 from US$ 281.06 Mn in 2019. The market is estimated to grow at a CAGR of 19.4% from 2020 to 2027.
The rise of the RTLS for Healthcare market is driven by factors such as the rise in the rising number of smartphone & tablet users, partnerships between RTLS players and hospitals, and the presence of supportive government policies. Restraining factor such as privacy & data security issues associated with RTLS is likely to have negative impact on the growth of the market in the coming years.
In order to cater culturally and financially divers’ number of patients in Asia pacific region, the Asia Pacific countries are adopting technologies such as Internet of Things (IoT) for the healthcare industry. The Asia Pacific Healthcare IoT is growing rapidly as health care providers leverage technologies to increase efficiency. There are many applications of the technologies that drive the healthcare industry. Technologies such as Real-Time Location Systems (RTLS), are helping the healthcare providers to provide better and improved care to their patients.
RTLS provides optimal alignment of assets, staff, and patients, efficiency, productivity, capacity, and throughput can increase by helping healthcare facilities while decreasing waste and unnecessary costs. Simple, web-based RTLS provide pinpoint accuracy of people and items. This can help to easily diagnosed, updated, and reconfigured remotely.
Through these web-based solutions, system management can also be administered directly by the RTLS providers, whom health care companies can contract to provide 24/7/365 customer and technical support via local and remote system monitoring. In this way, the RTLS companies can directly perform remote diagnostics and remote configuration with their own teams of technical personnel. Such combinations of new software monitoring systems and expert RTLS remote supervision gives healthcare providers confidence that this IoT can be professionally supported and maintained.
Japan is expected to dominate the market in the Asia Pacific region, owing to the growing geriatric population and rising number of innovations in healthcare. Hence, considering the mentioned factors, the RTLS for Healthcare market is expected to grow at a significant pace in the Japan during the forecast period.
Japan Medical Equipment Maintenance Market Revenue and Forecasts to 2027 (US$ Mn)
ASIA PACIFIC RTLS FOR HEALTHCARE - MARKET SEGMENTATION
Asia Pacific RTLS for Healthcare - By Technology
RFID
Wi-Fi
Bluetooth
GPS
UWB
Others
Asia Pacific RTLS for Healthcare - By Facility Type
Hospitals and Healthcare Facilities
Senior Living Centers
Asia Pacific RTLS for Healthcare - ByApplication
Inventory and Asset Tracking
Patient and Staff Tracking
Access Control and Security
Environment Monitoring
Supply Chain Management and Operation Automation
Others
Asia Pacific RTLS for Healthcare - By Geography
Asia Pacific
Japan
China
India
South Korea
Australia
Company Profiles
Centrak
IMPINJ
Intelligent Insites
Hewlett Packard
Enterprise Development LP (Aruba)
Midmark Corporation
Sanitag
Sonitor Technologies
Stanley Healthcare
Teletracking Technologies, Inc.
Zebra technology Cor.
Asia Pacific RTLS for Healthcare Market Strategic Insights
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Asia Pacific RTLS for Healthcare Market Segmentation Analysis
Asia Pacific RTLS for Healthcare Market Report Highlights
Asia Pacific RTLS for Healthcare Report Scope
Report Attribute
Details
Market size in 2019
US$ 281.06 Million
Market Size by 2027
US$ 1,158.78 Million
CAGR (2020 - 2027)
19.4%
Historical Data
2017-2018
Forecast period
2020-2027
Segments Covered
By Technology
RFID
Wi-Fi
Bluetooth
GPS
UWB
By Facility Type
Hospitals and Healthcare Facilities
Senior Living
By Application
Inventory and Asset Tracking
Patient and Staff Tracking
Access Control and Security
Environment Monitoring
Supply Chain Management and Operation Automation
Regions and Countries Covered
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Market leaders and key company profiles
Centrak
IMPINJ
Intelligent Insites
Hewlett Packard
Enterprise Development LP (Aruba)
Midmark Corporation
Sanitag
Sonitor Technologies
Stanley Healthcare
Teletracking Technologies, Inc.
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Asia Pacific RTLS for Healthcare Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the Asia Pacific RTLS for Healthcare Market?
The Asia Pacific RTLS for Healthcare Market is valued at US$ 281.06 Million in 2019, it is projected to reach US$ 1,158.78 Million by 2027.
What is the CAGR for Asia Pacific RTLS for Healthcare Market by (2020 - 2027)?
As per our report Asia Pacific RTLS for Healthcare Market, the market size is valued at US$ 281.06 Million in 2019, projecting it to reach US$ 1,158.78 Million by 2027. This translates to a CAGR of approximately 19.4% during the forecast period.
What segments are covered in this report?
The Asia Pacific RTLS for Healthcare Market report typically cover these key segments-
Technology (RFID, Wi-Fi, Bluetooth, GPS, UWB)
Facility Type (Hospitals and Healthcare Facilities, Senior Living)
Application (Inventory and Asset Tracking, Patient and Staff Tracking, Access Control and Security, Environment Monitoring, Supply Chain Management and Operation Automation)
What is the historic period, base year, and forecast period taken for Asia Pacific RTLS for Healthcare Market?
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific RTLS for Healthcare Market report:
Historic Period : 2017-2018
Base Year : 2019
Forecast Period : 2020-2027
Who are the major players in Asia Pacific RTLS for Healthcare Market?
The Asia Pacific RTLS for Healthcare Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
Centrak
IMPINJ
Intelligent Insites
Hewlett Packard
Enterprise Development LP (Aruba)
Midmark Corporation
Sanitag
Sonitor Technologies
Stanley Healthcare
Teletracking Technologies, Inc.
Zebra technology Cor.
Who should buy this report?
The Asia Pacific RTLS for Healthcare Market report is valuable for diverse stakeholders, including:
Investors: Provides insights for investment decisions pertaining to market growth, companies, or industry insights. Helps assess market attractiveness and potential returns.
Industry Players: Offers competitive intelligence, market sizing, and trend analysis to inform strategic planning, product development, and sales strategies.
Suppliers and Manufacturers: Helps understand market demand for components, materials, and services related to concerned industry.
Researchers and Consultants: Provides data and analysis for academic research, consulting projects, and market studies.
Financial Institutions: Helps assess risks and opportunities associated with financing or investing in the concerned market.
Essentially, anyone involved in or considering involvement in the Asia Pacific RTLS for Healthcare Market value chain can benefit from the information contained in a comprehensive market report.
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