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:85
Report Code:
TIPRE00006837
Category:
Technology, Media and Telecommunications
The North America RTLS for healthcare market was valued US$689.83Mn in the year 2018 and is expected to reach US$ 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.
Exhibit: US RTLS for Healthcare market Revenue and Forecasts to 2027 (US$ Mn)
NORTH AMERICA RTLS FOR HEALTHCARE MARKET– MARKET SEGMENTATION
North America RTLS for Healthcare Market – ByTechnology
RFID
Wi-Fi
Bluetooth
GPS
UWB
Others
North America RTLS for Healthcare Market – ByFacility Type
Hospitals and Healthcare Facilities
Senior Living
North America RTLS for Healthcare Market – ByApplication
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
CenTrak
Impinj, Inc.
Intelligent InSites
Aruba (Hewlett Packard Enterprise Development LP)
Midmark Corporation
Sanitag
Sonitor Technologies
STANLEY Healthcare
Teletracking Technologies, Inc.
Zebra Technologies Corp.
North America RTLS for Healthcare Market Strategic Insights
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North America RTLS for Healthcare Market Segmentation Analysis
North America RTLS for Healthcare Market Report Highlights
North America RTLS for Healthcare Report Scope
Report Attribute
Details
Market size in 2018
US$ 689.83 Million
Market Size by 2027
US$ 3,090.08 Million
CAGR (2018 - 2027)
18.9%
Historical Data
2016-2017
Forecast period
2019-2027
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
Operation Automation
Regions and Countries Covered
North America
US
Canada
Mexico
Market leaders and key company profiles
CenTrak
Impinj, Inc.
Intelligent InSites
Aruba (Hewlett Packard Enterprise Development LP)
Midmark Corporation
Sanitag
Sonitor Technologies
STANLEY Healthcare
Teletracking Technologies, Inc.
Zebra Technologies Corp.
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North America RTLS for Healthcare Market Country and Regional Insights
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Identical Market Reports with other Region/Countries
How big is the North America RTLS for Healthcare Market?
The North America RTLS for Healthcare Market is valued at US$ 689.83 Million in 2018, it is projected to reach US$ 3,090.08 Million by 2027.
What is the CAGR for North America RTLS for Healthcare Market by (2018 - 2027)?
As per our report North America RTLS for Healthcare Market, the market size is valued at US$ 689.83 Million in 2018, projecting it to reach US$ 3,090.08 Million by 2027. This translates to a CAGR of approximately 18.9% during the forecast period.
What segments are covered in this report?
The North America 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, Operation Automation)
What is the historic period, base year, and forecast period taken for North America 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 North America RTLS for Healthcare Market report:
Historic Period : 2016-2017
Base Year : 2018
Forecast Period : 2019-2027
Who are the major players in North America RTLS for Healthcare Market?
The North America 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, Inc.
Intelligent InSites
Aruba (Hewlett Packard Enterprise Development LP)
Midmark Corporation
Sanitag
Sonitor Technologies
STANLEY Healthcare
Teletracking Technologies, Inc.
Zebra Technologies Corp.
Who should buy this report?
The North America 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 North America RTLS for Healthcare Market value chain can benefit from the information contained in a comprehensive market report.
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