Demand for RTLS in Healthcare

Real Time Location System (RTLS) is a wireless tracking technology used to track the real-time location of assets and people. Healthcare sector was the early adopters of RTLS, the demand for RTLS solutions in healthcare environment is consistently due to stringent compliance requirements and RTLS solutions are becoming a vital component of hospital management. Some of the key RTLS components includes tags, receivers/readers, and location engine software. Type of RTLS technology commonly used in healthcare environment varies based on application and supporting IT infrastructure. Some of the prominent RTLS technology utilized in healthcare sector includes Wi-Fi, RFID, UWB, Ultrasound. BLE and others.

Market Dynamics

Healthcare service providers are continuously focusing on deploying solutions to deliver improved operational transparency and optimizing patient throughput. The dependency and use cases of RTLS solutions for healthcare sector is expanding significantly, as RTLS solutions helps to solve critical bottlenecks of day to day operations by providing real time data to develop and implement transformational roadmaps to deliver high-quality care to patients as well as to improve monetization. Additionally, regulations play a major role in adoption of IT solutions in the healthcare industry, with increasing emphasis placed on compliance requirements and stringent government regulation on healthcare operations are accelerating the growth of RTLS market for healthcare. However, continuously changing technology standards, high implementation cost, and complexity in integrating with existing infrastructure due to lack of uniform standards are identified as key restraints that are likely to deter the deployment of RTLS solutions in healthcare.

Market Segmentation

The global RTLS market can be segmented into components, technology, End-user Type, and Region.

Components

  • Hardware
  • Software
  • Services

Technology

  • Wi-Fi
  • UWB
  • RFID
  • BLE
  • Ultrasound
  • Infrared (IR) and others

By End-user Type

  • Hospitals
  • Long-term care communities

Region

  • America
  • Europe
  • Asia Pacific
  • Others

Competitive Landscape

Some of the prominent vendors present in the global RTLS market in healthcare includes Stanley Healthcare, GE Healthcare, Intelligent InSites, Awarepoint, Centrak, Zebra Technologies, Sonitor Technologies, Vizzia Technologies. Aruba Networks (HP E), and TeleTracking.

– Delsingh Bright,
Market Research Analyst
Infoholic Research