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[July 12, 2014]
Markets and Markets : RTLS in Healthcare Market worth $2,081.05 Million by 2020
(M2 PressWIRE Via Acquire Media NewsEdge) According to a new market research report "RTLS in Healthcare Market by Product (Hardware, Software & Services), Technology (RFID, WiFi, Infrared, Ultrasound, Zigbee, and Ultrawide Band), Application, by Device and Equipment, & by Geography- Analysis & Forecast to 2014 - 2020", the market for RTLS healthcare technologies is estimated to reach $2,081.05 Million by 2020, at a CAGR of 32.9% from 2014 to 2020, which includes an in-depth analysis of the market by product, technology, application, device and equipment type and geography.
Early buyers will receive 10% customization on this report.
RTLS is a local positioning and tracking system that detects the location of the asset and personnel of an enterprise through wireless technologies and also allows the management and tracking of the assets in real time. RTLS uses active tags and badges to track the assets. RTLS system includes battery-powered tags/badges, sensors, readers, network infrastructure and software.
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RTLS solutions is a system that allows real time tracking of assets and personnel that are tagged with active RFID tags with the help of different technologies such as RF signals, Wi-Fi, UWB, Infrared, and other wireless technologies. The tracking of resources in a hospital facility is a major and long-standing concern in the healthcare industry as it directly affects the operational cost and efficiency of the staff. Hence, with the several wireless technologies that can provide the real time tracking, hospitals now have this opportunity to use these technologies to manage and control their assets and staff for enhanced operational efficiency, workflow optimization, and patient satisfaction.
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RTLS provides high degree of security through real time tracking. It helps to prevent asset and also track the real time location of staff and personnel. Its benefit includes decrease in cost savings by reduction in loss, theft, or misplaced equipment and improved allocation of staff. The RTLS system implemented is able to address and provide benefits to each department in the healthcare industry, equally, in terms of efficiency and effectiveness.
The global RTLS market in healthcare is growing at a high CAGR rate; it holds a great potential across the healthcare industry. RTLS in healthcare is used in many applications due to its advanced features such as low cost and real time tracking that insures security of the patient and assets. The personnel and staff tracking applications hold the highest share in the Americas market. Thus, this shows that the personnel and staff tracking in the healthcare industry with respect to RTLS has a great potential to increase over a period of time.
The major players in the global RTLS market in healthcare include: Zebra Technologies (U.S.), Aeroscout (U.S.), TeleTracking Technologies (U.S.), Savi Technology (U.S.), Awarepoint (U.S.), Ubisense (U.K.), and Identec Solutions (Austria), among others.
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