Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....
Real-Time Location Systems in Healthcare Market: By Component Type, By Technology, By Application, By End User and Geography
Real Time Location Systems (RTLS) in Healthcare Market size was valued at US$ 2.58 billion in 2023 and is poised to grow at a CAGR of 18.2% from 2024-2030. Due to increase in the number of healthcare facilities such as hospital and diagnostic centers, rise in focus on the patient safety, modernization in healthcare facilities, stringent regulations for the healthcare operations, and technological advancements in the RTLS are the major factors that are driving the growth of the market.
Study Period
2024-2030Base Year
2023CAGR
7.1%Largest Market
Asia-PacificFastest Growing Market
North-America
Rise in R&D activities for the development of advanced technologies in real time location system (RTLS) enhance the revenue growth of healthcare used RTLS market over the forecast years. Most of the market players are focus on the development and launch of newer RTLS technologies to enhance their revenue share in the market. For instance, in March 2018, CenTrack launched IRUS hybrid technology, a combination of sGen2IR and ultrasound technology used in the real time location system.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 2.58 billion |
Market CAGR |
7.1% |
By Component Type |
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By Technology |
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By Application |
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By End User |
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By Region |
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The global real-time location systems (rtls) in healthcare market size was valued at US$ 2.58 billion in 2023 and set to grow at a CAGR of 18.2% from 2024-2030.
Rapid Adoption in the Healthcare Segment
The healthcare used rtls market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
1.Executive Summary |
2.Global Real Time Location Systems (RTLS) in Healthcare Market Introduction |
2.1.Global Real Time Location Systems (RTLS) in Healthcare Market - Taxonomy |
2.2.Global Real Time Location Systems (RTLS) in Healthcare Market - Definitions |
2.2.1.Component Type |
2.2.2.Technology |
2.2.3.Application |
2.2.4.Region |
3.Global Real Time Location Systems (RTLS) in Healthcare Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Real Time Location Systems (RTLS) in Healthcare Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Real Time Location Systems (RTLS) in Healthcare Market By Component Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
5.1. Software |
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Hardware |
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Services |
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
6.Global Real Time Location Systems (RTLS) in Healthcare Market By Technology, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
6.1. RFID |
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Wi-Fi |
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Bluetooth Low Energy |
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Infrared |
6.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Ultrasound |
6.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. GPS |
6.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Others |
6.7.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
7.Global Real Time Location Systems (RTLS) in Healthcare Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
7.1. Asset Tracking and Management |
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Clinical Operations and Work Flow |
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Patient tracking |
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Environment monitoring |
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Others |
7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.Global Real Time Location Systems (RTLS) in Healthcare Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
8.1. North America |
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.1.3. Market Opportunity Analysis |
8.2. Europe |
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.2.3. Market Opportunity Analysis |
8.3. Asia Pacific (APAC) |
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.3.3. Market Opportunity Analysis |
8.4. Middle East and Africa (MEA) |
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.4.3. Market Opportunity Analysis |
8.5. Latin America |
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
8.5.3. Market Opportunity Analysis |
9.North America Real Time Location Systems (RTLS) in Healthcare Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
9.1. Component Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Software |
9.1.2.Hardware |
9.1.3.Services |
9.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.RFID |
9.2.2.Wi-Fi |
9.2.3.Bluetooth Low Energy |
9.2.4.Infrared |
9.2.5.Ultrasound |
9.2.6.GPS |
9.2.7.Others |
9.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Asset Tracking and Management |
9.3.2.Clinical Operations and Work Flow |
9.3.3.Patient tracking |
9.3.4.Environment monitoring |
9.3.5.Others |
9.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.4.1.United States of America (USA) |
9.4.2.Canada |
10.Europe Real Time Location Systems (RTLS) in Healthcare Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
10.1. Component Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Software |
10.1.2.Hardware |
10.1.3.Services |
10.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.RFID |
10.2.2.Wi-Fi |
10.2.3.Bluetooth Low Energy |
10.2.4.Infrared |
10.2.5.Ultrasound |
10.2.6.GPS |
10.2.7.Others |
10.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.Asset Tracking and Management |
10.3.2.Clinical Operations and Work Flow |
10.3.3.Patient tracking |
10.3.4.Environment monitoring |
10.3.5.Others |
10.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.4.1.Germany |
10.4.2.France |
10.4.3.Italy |
10.4.4.United Kingdom (UK) |
10.4.5.Spain |
11.Asia Pacific (APAC) Real Time Location Systems (RTLS) in Healthcare Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
11.1. Component Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Software |
11.1.2.Hardware |
11.1.3.Services |
11.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.RFID |
11.2.2.Wi-Fi |
11.2.3.Bluetooth Low Energy |
11.2.4.Infrared |
11.2.5.Ultrasound |
11.2.6.GPS |
11.2.7.Others |
11.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.Asset Tracking and Management |
11.3.2.Clinical Operations and Work Flow |
11.3.3.Patient tracking |
11.3.4.Environment monitoring |
11.3.5.Others |
11.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.4.1.China |
11.4.2.India |
11.4.3.Australia and New Zealand (ANZ) |
11.4.4.Japan |
11.4.5.Rest of APAC |
12.Middle East and Africa (MEA) Real Time Location Systems (RTLS) in Healthcare Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
12.1. Component Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Software |
12.1.2.Hardware |
12.1.3.Services |
12.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.RFID |
12.2.2.Wi-Fi |
12.2.3.Bluetooth Low Energy |
12.2.4.Infrared |
12.2.5.Ultrasound |
12.2.6.GPS |
12.2.7.Others |
12.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Asset Tracking and Management |
12.3.2.Clinical Operations and Work Flow |
12.3.3.Patient tracking |
12.3.4.Environment monitoring |
12.3.5.Others |
12.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.4.1.GCC Countries |
12.4.2.South Africa |
12.4.3.Rest of MEA |
13.Latin America Real Time Location Systems (RTLS) in Healthcare Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
13.1. Component Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.1.1.Software |
13.1.2.Hardware |
13.1.3.Services |
13.2. Technology Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.2.1.RFID |
13.2.2.Wi-Fi |
13.2.3.Bluetooth Low Energy |
13.2.4.Infrared |
13.2.5.Ultrasound |
13.2.6.GPS |
13.2.7.Others |
13.3. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.3.1.Asset Tracking and Management |
13.3.2.Clinical Operations and Work Flow |
13.3.3.Patient tracking |
13.3.4.Environment monitoring |
13.3.5.Others |
13.4. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
13.4.1.Brazil |
13.4.2.Mexico |
13.4.3.Rest of LA |
14. Competition Landscape |
14.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
14.2.1.STANLEY Healthcare |
14.2.2.Zebra Technologies Corporation |
14.2.3.Aruba Networks |
14.2.4.IMPINJ |
14.2.5.TeleTracking Technologies |
14.2.6.CenTrak |
14.2.7.AiRISTA Flow |
14.2.8.Sonitor Technologies |
14.2.9.Versus Technology |
14.2.10.Identec Group |
15. Research Methodology |
16. Appendix and Abbreviations |
Key Market Players