openPR Logo
Press release

RTLS Market for Healthcare Size Set to Skyrocket USD 5.8 billion by 2028, at a CAGR of 23.5%

05-02-2024 07:18 PM CET | Associations & Organizations

Press release from: ABNewswire

RTLS Market for Healthcare Size

RTLS Market for Healthcare Size

Global RTLS Market for Healthcare Size is expected to reach USD 5.8 billion by 2028 from USD 2.0 billion in 2023 growing, at a CAGR of 23.5% during forecast period.
The global Real-Time Location System (RTLS) Market for Healthcare Size [https://www.marketsandmarkets.com/Market-Reports/rtls-healthcare-market-19089515.html] is poised for exponential growth in the coming years, according to the latest report by MarketsandMarkets. The market, valued at USD 2.0 billion in 2023, is predicted to surge to USD 5.8 billion by 2028, reflecting a remarkable Compound Annual Growth Rate (CAGR) of 23.5% during the forecast period.

Download PDF Brochure @ [https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=19089515&utm_source=ABNewswire+&utm_medium=Referral&utm_campaign=PAID-PR]

[https://www.marketsandmarkets.com/Market-Reports/rtls-healthcare-market-19089515.html]

Key Segments in the Market:

By Offering:

* Hardware
* Software
* Services

By Technology:

* RFID
* Wi-Fi
* UWB
* BLE
* Others

By Application:

* Asset Tracking & Management
* Personnel Tracking & Management
* Patient Tracking
* Environmental Monitoring

By End User:

* Hospitals
* Senior Living Facilities
* Ambulatory Surgical Centers
* Clinics
* Others

By Region:

* North America
* Europe
* Asia Pacific
* Latin America
* Middle East & Africa

Inquire Before Buying @ [https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=19089515&utm_source=ABNewswire+&utm_medium=Referral&utm_campaign=PAID-PR]

Growth Drivers:

Several factors are driving the robust growth of the global RTLS Market for Healthcare, including:

Need for Enhanced Patient Safety and Care: The increasing focus on patient safety and care, coupled with the rising demand for real-time monitoring and tracking of patients, healthcare personnel, and medical equipment, is driving the adoption of RTLS solutions in hospitals and other healthcare facilities. RTLS technology enables healthcare providers to improve workflow efficiency, reduce response times, and enhance patient outcomes.

Rising Adoption of Digital Health Solutions: The growing adoption of digital health solutions, including Electronic Health Records (EHRs), telemedicine, and mobile health apps, is fueling the demand for RTLS systems that integrate seamlessly with existing healthcare IT infrastructure. RTLS technology plays a crucial role in enabling remote patient monitoring, asset management, and location-based services in healthcare settings.

Government Initiatives to Improve Healthcare Infrastructure: Government initiatives aimed at modernizing healthcare infrastructure, enhancing patient care quality, and reducing healthcare costs are driving the deployment of RTLS solutions in hospitals and medical facilities worldwide. Regulatory mandates and incentives for the adoption of healthcare IT solutions are further accelerating market growth.

Challenges:

Despite the significant growth prospects, the global RTLS market for healthcare faces certain challenges, including:

Data Security and Privacy Concerns: The widespread deployment of RTLS systems in healthcare facilities raises concerns about data security, patient privacy, and regulatory compliance. Healthcare organizations need to implement robust security measures and encryption protocols to safeguard sensitive patient information and ensure compliance with data protection regulations.

High Initial Deployment Costs: The high initial costs associated with the deployment of RTLS infrastructure, including hardware, software, and implementation services, pose a challenge for healthcare organizations, particularly small and medium-sized facilities with limited budgets. Cost-effective RTLS solutions and flexible pricing models are essential to drive widespread adoption across the healthcare industry.

View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/rtls-healthcare-market-19089515.html

Opportunities:

The market presents several opportunities for growth, including:

Emergence of Advanced RTLS Technologies: Technological advancements, such as the integration of Artificial Intelligence (AI), machine learning, and advanced analytics, into RTLS platforms, are opening up new opportunities for innovation and differentiation. Healthcare providers are exploring AI-driven RTLS solutions for predictive analytics, patient flow optimization, and infection control.

Expansion of RTLS Applications in Healthcare: The expanding scope of RTLS applications beyond traditional asset and personnel tracking to include patient monitoring, wayfinding, and environmental sensing is creating new revenue streams for RTLS vendors. Healthcare organizations are investing in comprehensive RTLS platforms that address multiple use cases and deliver actionable insights for operational improvement.

RTLS Market for Healthcare Companies:

Key Players Operating in the global RTLS Market for Healthcare include:

* Zebra Technologies Corporation
* CenTrak, Inc.
* AiRISTA Flow, Inc.
* Impinj, Inc.
* Sonitor Technologies AS
* TeleTracking Technologies, Inc.
* Aruba Networks
* Midmark Corporation

Media Contact
Company Name: MarketsandMarkets Trademark Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email:Send Email [https://www.abnewswire.com/email_contact_us.php?pr=rtls-market-for-healthcare-size-set-to-skyrocket-usd-58-billion-by-2028-at-a-cagr-of-235]
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/rtls-healthcare-market-19089515.html



This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release RTLS Market for Healthcare Size Set to Skyrocket USD 5.8 billion by 2028, at a CAGR of 23.5% here

News-ID: 3483226 • Views:

More Releases from ABNewswire

Medical Packaging Films MarketSize, Global Analysis, Growth, Opportunities, Top Manufacturers, Share, Trends, Segmentation, Regional Graph, and Forecast to 2028
Medical Packaging Films MarketSize, Global Analysis, Growth, Opportunities, Top …
Medical Packaging Films Market by Material (Polyethylene, Polypropylene, Polyvinyl Chloride, Polyamide), Type (Thermoformable Film, High Barrier Film, Metallized Film), Application (Bags, Tubes), and Region - Global Forecast to 2028 The medical packaging films market [https://www.marketsandmarkets.com/Market-Reports/medical-packaging-films-market-210170372.html] size is estimated to be USD 7.8 billion in 2023, and it is projected to reach USD 10.4 billion by 2028 at a CAGR of 6.0%. Medical packaging films are specialized materials used in the healthcare
Base Editing Market Size, Share, Growth Opportunities, Trends, Top Companies, and Forecast to 2028
Base Editing Market Size, Share, Growth Opportunities, Trends, Top Companies, an …
Browse 311 market data Tables and 41 Figures spread through 274 Pages and in-depth TOC on "Base Editing Market by Product (Platform, Reagents & Kits, Plasmids), Service (gRNA Design, Cell Line Engineering), Type, Targeted base (Cytosine, Adenine), Application (Drug Discovery, Agriculture, Veterinary), and Region - Global Forecast to 2028 Base Editing Market [https://www.marketsandmarkets.com/Market-Reports/base-editing-market-21238371.html?utm_source=ABnewswire&utm_campaign=Paid&utm_content=Referral] in terms of revenue was estimated to be worth $270 million in 2023 and is poised to reach
Medical Device Connectivity Market Worth $7.4 Billion | MarketsandMarkets
Medical Device Connectivity Market Worth $7.4 Billion | MarketsandMarkets
Browse 417 market data Tables and 38 Figures spread through 471 Pages and in-depth TOC on "Medical Device Connectivity Market by Product & Services, Technology, Application (Vital Signs & Patient Monitors, Ventilators, Anesthesia Machines, Infusion Pumps, Imaging Systems, Respiratory devices), End User, and Region - Global Forecast to 2028 Medical Device Connectivity Market [https://www.marketsandmarkets.com/Market-Reports/medical-device-connectivity-market-83792455.html?utm_source=ABnewswire&utm_campaign=Paid&utm_content=Referral] in terms of revenue was estimated to be worth $2.6 billion in 2023 and is poised to
Steel Rebar MarketSize, Opportunities, Share, Growth, Regional Trends, Key Segments, Top Manufacturers, and Forecast to 2030
Steel Rebar MarketSize, Opportunities, Share, Growth, Regional Trends, Key Segme …
Steel Rebar Market by Type (Deformed and Mild), Coating Type (Plain Carbon Steel Rebar, Galvanized Steel Rebar, Epoxy-Coated Steel Rebar), Process Type, Bar Size, End-use (Infrastructure, Housing, and Industrial) and Region - Global Forecast to 2030 The steel rebar market [https://www.marketsandmarkets.com/Market-Reports/steel-rebar-market-176200687.html] was approximated to be USD 224.5 billion in 2022, and it is projected to reach USD 317.4 billion by 2030 at a CAGR of 4.4%. Rebar, reinforcing bar, reinforcing steel,

All 5 Releases


More Releases for RTLS

Indoor Positioning & RTLS Market Demand by 2018-2028
With a growing number of organizations investing in highly efficient, streamlined business operations to combat the challenges posed by poorly optimized resources and assets resulting in less productive workflows, the demand for indoor positioning and RTLS (real-time location system) will remain on a constant high. Demand for Interoperability among Technologies to Direct Competition in Indoor Positioning & RTLS Market The indoor positioning and RTLS market is likely to witness the emergence of
RTLS Market in the US 2016-2020
The global industrial castings market is anticipated to grow rapidly and will post a CAGR of close to 47% during the forecast period. The increasing use of real-time locating systems (RTLS) tags in the healthcare sector will drive the growth prospects for the global industrial castings market during the forecast period. One of the major factors that increase the adoption of RTLS tags in hospitals is improved operations and increased
Global RTLS Industrial and Market studies 2017-2021
"Global RTLS Market 2017-2021" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '
RTLS Market for Healthcare - Industry Size, Share 2022
RTLS Market for Healthcare Market Size, Capacity, Trends, Outlook, Research, Analysis, Growth | Industry Report 2022 Market Research Report to It’s a Database. Download sample copy @ https://goo.gl/KOw6fZ The RTLS market for healthcare is expected to grow at a CAGR of23.6% between 2016 and 2022 to reach USD 3,123.7 million by 2022 from USD 580.1 million in 2015. Increasing demand for RTLS from senior living facilities is one of the major
Global RTLS for Healthcare Market Research Report 2016
This report on global RTLS for Healthcare market is a research study that answers pertinent questions about the emerging trends and growth opportunities in this industry. It also identifies each of the prominent barriers to growth, apart from identifying the regional trends and trends within various application segments of the global market for RTLS for Healthcare. Collecting historical and recent data from authentic resources, and based on all the factors
RTLS Sales Market Trends, Demand & 2021 Forecasts
A Research Report Of RTLS,is Getting High Demand in Market,Get this Report" RTLS Sales Market " on Bigmarketresearch.com Notes: Sales, means the sales volume of RTLS Revenue, means the sales value of RTLS Request For Sample Copy: https://goo.gl/Ykcb8u This report studies sales (consumption) of RTLS in Global market, especially in North America, Europe, China, Japan, Southeast Asia and India, focuses on top players in these regions/countries, with sales, price, revenue and market share for each