The Europe RTLS for Healthcare market is expected to reach US$ 1,374.57 Mn by 2027 from US$ 326.03 Mn in 2018. The market is estimated to grow at a CAGR of 18.1% from 2019 to 2027.
The rise of the RTLS for Healthcare market is driven by factors such as the growing medical equipment market, and increasing market competitiveness with emergence of start-ups in Europe are expected to boost the market over the years. 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.
Majority of healthcare startups are trying to address the critical issues by applying advanced and innovative technologies and services. There are lot of healthcare startups in developing markets are launching their products and services related to RTLS systems. They have been giving tough competition to the existing players. Moreover, companies are providing innovative and customized RTLS solutions for all different sectors and this has increased the market competition.
In last 4 years, more than 5 startups have been started across globe for providing RTLS. For instance, Pozyx Labs, founded in 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. Also, Sewio Networks Company from Czech Republic was founded in 2014, they have RTLS hardware and software which are used to get accurate and actionable data, cost-effective and safe. Proxicon Limited from UK, is the startup founded in 2015. Proxicon RTLS solution is one of the high-accuracy indoor positioning system, also they provide IoT gateways for BLE sensors, hyper-accurate real time asset tracking systems, indoor navigation and micro-localization packages.
There are multiple startups in India, US, Germany, and other countries who are helping this market to grow with huge competitions. Startups are making significant progress which offers a well-thought-out embedded location platform. UWINLOC is another new startup that designed a semi-passive UWB solution that can ultimately compete on price with passive RFID, also providing similar benefits to an active technology within energy harvesting. Therefore, startups always discover ways to cost-effectively implement the technology without compromising on performance.
France is expected to dominate the market in the Europe region, owing to the growing geriatric population and increasing prevalence of Alzheimer’s disease. Moreover, in rising demand for healthcare delivery organizations is likely to further stimulate the growth of the market in the Europe region. Hence, considering the mentioned factors, the RTLS for Healthcare market is expected to grow at a significant pace in the France during the forecast period.
Europe RTLS for Healthcare– MARKET SEGMENTATION
By Technology
By Facility Type
By Application
By Geography
Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 326.03 Million |
| Market Size by 2027 | US$ 1,374.57 Million |
| CAGR (2019 - 2027) | 18.1% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Technology
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe RTLS for Healthcare Market is valued at US$ 326.03 Million in 2018, it is projected to reach US$ 1,374.57 Million by 2027.
As per our report Europe RTLS for Healthcare Market, the market size is valued at US$ 326.03 Million in 2018, projecting it to reach US$ 1,374.57 Million by 2027. This translates to a CAGR of approximately 18.1% during the forecast period.
The Europe RTLS for Healthcare Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe RTLS for Healthcare Market report:
The Europe RTLS for Healthcare Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe RTLS for Healthcare Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe RTLS for Healthcare Market value chain can benefit from the information contained in a comprehensive market report.
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