Research Details Developments In The Top Trends In Healthcare Biometrics Market

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DUBLIN, Aug. 13, 2018 /PRNewswire/ --

The "RTLS Market for Healthcare by Facility Type (Hospitals & Healthcare Facilities, Senior Living), Offering (Hardware, Software, Services), Technology (RFID, Wi-Fi, BLE, UWB, IR, Ultrasound), Application/Use case & Geography - Global Forecast to 2023" report has been added to

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The real-time locating systems (RTLS) market for healthcare is estimated to grow from USD 1,271.2 million in 2018 to USD 2,941.2 million by 2023, at a CAGR of 18.3% during the forecast period (2018-2023).

The increased market competitiveness with the emergence of startups providing innovative and customized RTLS solutions based on newer technologies is one of the major factors fueling the growth of the RTLS market for healthcare. The safety and security concerns in healthcare facilities and high return on investment are the other factors driving the growth of the market. The need for resource utilization and workflow optimization, development of hybrid RTLS solutions, and use of IoT technology in healthcare are likely to pose major opportunities to the players in the RTLS market for healthcare during the forecast period.

The hardware segment accounted for largest share of the RTLS market for healthcare in 2017. The market share of the hardware segment is expected to decrease during the forecast period mainly because of the falling ASPs of tags and readers as the technology further matures. Although the price of hardware components of RTLS solutions is expected to decrease in the near future, the required volume of these hardware components would increase.

Hospitals and healthcare facilities are likely to continue to dominate the RTLS market for healthcare during the forecast period by accounting for a larger market share. Hospitals in the US and European countries have a high demand for RTLS solutions for enhancing their operations, optimizing resource utilization, and increasing profitability. RTLS solutions provide real-time information about the location of people and assets, which helps healthcare organizations in making faster decisions and improving their operational processes. Additionally, the rapid growth in IoT in the healthcare industry has led to the increased adoption of RTLS, thereby accelerating the growth of the RTLS market for healthcare.

The market for UWB technology-based RTLS solutions is expected to grow at the highest CAGR during the forecast period. The high precision and accuracy offered by UWB technology for tracking objects will be the major factor to drive the growth of the market for UWB technology-based RTLS solutions. The increasing adoption of UWB in the RTLS market for healthcare is primarily due to the advantages offered by solutions based on this technology, such as high precision, long battery life, high capacity, and fast update rates.

North America accounted for the largest share of the RTLS market for healthcare in 2017. North America is one of the largest contributors to the RTLS market for healthcare owing to the presence of a large number of healthcare facilities in the region, especially in the US. The rapid adoption of RTLS solutions for several applications in the healthcare sector is also one of the major reasons for North America to capture the largest share of the RTLS market for healthcare.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

4.1 Attractive Opportunities for Growth of RTLS Market for Healthcare

4.2 RTLS Market for Healthcare, By Offering, 2015-2023 (USD Million)

4.3 RTLS Market for Healthcare, By Facility Type, 2015-2023 (USD Million)

4.4 Opportunity Analysis of RTLS Market for Hospitals and Healthcare Facilities, By Region

4.5 Opportunity Analysis of RTLS Market for Senior Living Facilities, By Region

4.6 RTLS Market for Healthcare, By Technology, 2017, 2020, and 2023 (USD Million)

4.7 RTLS Market for Healthcare, By Application, 2015-2023 (Market Share)

4.8 RTLS Market for Healthcare, By Technology and Region, 2017 (Market Share)

4.9 RTLS Market for Healthcare, By Region, 2017 vs 2023 (Market Share)

5 Market Overview

5.1 Market Dynamics

5.1.1 Drivers

5.1.1.1 Increased Market Competitiveness With the Emergence of Startups Providing Innovative and Customized RTLS Solutions Based on Newer Technologies

5.1.1.2 Safety and Security Concerns in Healthcare Facilities

5.1.1.3 High Return on Investment

5.1.2 Restraints

5.1.2.1 Concerns Regarding Data Security and Privacy

5.1.2.2 Unsatisfactory Results and Negative Feedback From RTLS End Users and High Cost of Acquisition and Maintenance

5.1.3 Opportunities

5.1.3.1 Need for Resource Utilization and Workflow Optimization

5.1.3.2 Development of Hybrid RTLS Solutions

5.1.3.3 Use of IoT Technology in Healthcare

5.1.4 Challenges

5.1.4.1 Designing RTLS Solutions Satisfying High Accuracy, High Range, and Low Power Consumption Requirements

5.1.4.2 System Incompatibility and Lack of Uniform Standards and Interoperability

6 Industry Trends

6.1 Introduction

6.2 Value Chain Analysis

6.2.1 Electronic Equipment and Components

6.2.2 Connectivity Technologies

6.2.3 RTLS Hardware and Software

6.2.4 System Integration and Services

6.2.5 Application/Use Cases

6.3 RTLS Technology Comparison

6.4 Price Comparison of RTLS Tags, By Technology, 2017

6.5 RTLS Tag Cost, Accuracy Level, and Operating Range, By Technology, 2017

6.6 Company Focus/Major Trends in RTLS Market for Healthcare

6.6.1 By Technology

6.6.2 By Offering

6.6.3 By Use Case/Application

7 RTLS Market for Healthcare, By Offering

7.1 Introduction

7.2 Hardware

7.2.1 Tags/Badges

7.2.2 Readers/Trackers/Access Points

7.2.3 Others

7.3 Software

7.3.1 Application

7.3.2 Middleware

7.3.3 Location Analytics Engine

7.4 Services

7.4.1 Consulting

7.4.2 Support and Maintenance

7.4.3 Deployment & Integration

8 RTLS Market for Healthcare, By Technology

8.1 Introduction

8.2 RFID

8.3 Wi-Fi

8.4 UWB

8.5 BLE

8.6 Infrared (IR)

8.7 Ultrasound

8.8 Others

9 RTLS Market for Healthcare, By Facility Type

9.1 Introduction

9.2 Hospitals and Healthcare Facilities

9.3 Senior Living Facilities

10 RTLS Market for Healthcare, By Application

10.1 Introduction

10.2 Inventory/Asset - Tracking and Management

10.3 Personnel/Staff - Locating and Monitoring

10.4 Access Control/Security

10.5 Environment Monitoring

10.5.1 Temperature Monitoring

10.5.2 Humidity and Air Pressure Monitoring

10.6 Supply Chain Management and Operation Automation/Visibility

10.7 Others

11 Geographic Analysis

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific (APAC)

11.5 Rest of the World (RoW)

12 Competitive Landscape

12.1 Overview

12.2 Ranking Analysis of Players in RTLS Market for Healthcare

12.3 Competitive Situations and Trends: RTLS Market for Healthcare

12.3.1 Product Launches and Developments

12.3.2 Agreements, Partnerships, Collaborations

12.3.3 Contracts

12.3.4 Acquisitions

13 Company Profiles

13.1 Introduction

13.2 Key Players

13.2.1 Stanley Healthcare

13.2.2 Zebra Technologies

13.2.3 Aruba Networks (HP Enterprise)

13.2.4 Teletracking Technologies

13.2.5 Centrak

13.2.6 Impinj

13.2.7 Airista

13.2.8 Sonitor Technologies

13.2.9 Versus Technology

13.2.10 Identec Group

13.3 Key Innovators

13.3.1 Decawave

13.3.2 Redpine Signals

13.3.3 Sanitag

13.3.4 Mojix

13.3.5 Intelligent Insites

13.4 Other Important Players

13.4.1 Cerner Corp.

13.4.2 Ge Healthcare

13.4.3 Secure Care Products

13.4.4 Borda Technology

13.4.5 Cetani Corp.

For more information about this report visit https://www.researchandmarkets.com/research/wszvwb/global_rtls?w=5

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