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, Share, Growth, Trends, and Global Industry Analysis: By Component Type (Software, Hardware, Services), By Technology (RFID, Wi-Fi, Bluetooth Low Energy, Infrared, Ultrasound, GPS, Others), By Application (Asset Tracking and Management, Clinical Operations and Work Flow, Patient tracking, Environment monitoring, Others), By End User (Hospitals and Clinics, Diagnostic Centers, Others) and Region

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.

Key Developments

  • In March 2016, AiRISTA Flow acquired Ekahau RTLS and Ekahau RTLS International to expand its portfolio in real time location system.
  • In May 2016, Midmark completed the acquisition of Versus Technology to strengthen its presence in the RTLS market for in outpatient clinical workflows using real-time locating systems applications

Real-Time Location Systems (RTLS) in Healthcare Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

7.1%

Largest Market

Asia-Pacific

Fastest Growing Market

North-America

Real Time Location Systems (RTLS) in Healthcare Market Dynamics

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.

Real-Time Location Systems (RTLS) in Healthcare Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 2.58 billion

Market CAGR

7.1%

By Component Type

  • Software
  • Hardware
  • Services

By Technology

  • RFID
  • Wi-Fi
  • Bluetooth Low Energy
  • Infrared
  • Ultrasound
  • GPS
  • Others

By Application

  • Asset Tracking and Management
  • Clinical Operations and Work Flow
  • Patient tracking
  • Environment monitoring
  • Others

By End User

  • Hospitals and Clinics
  • Diagnostic Centers
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Middle East and Africa
  • Latin America

Key Features of the Report

  • The real-time location systems (RTLS) in healthcare market report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
  • The report analyses the impact of the socio-political environment through PESTLE Analysis and competition through Porter's Five Force Analysis

Download Free Sample Report

Frequently Asked Questions

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.

Author image

Author

Muni Kumar Meravath

Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthc.....

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

  • STANLEY Healthcare
  • Zebra Technologies Corporation
  • Aruba Networks
  • IMPINJ
  • TeleTracking Technologies
  • CenTrak
  • AiRISTA Flow
  • Sonitor Technologies
  • Versus Technology
  • Identec Group

Related Industry Reports