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RTLS in Healthcare Market Trends

Report ID: GMI10849
Published Date: Aug 2024
Report Format: PDF

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RTLS in Healthcare Market Trends

The integration of RTLS with IoT (Internet of Things) and AI (Artificial Intelligence) is revolutionizing healthcare operations. IoT connectivity enables seamless data sharing between devices, while AI enhances analytics for predictive maintenance, patient monitoring, and personalized care. This combination allows for more advanced RTLS solutions that provide real-time insights and automated responses, significantly improving efficiency and accuracy in healthcare settings.

Additionally, the expansion of RTLS applications beyond traditional asset tracking to include patient flow management and staff safety is gaining traction. Healthcare facilities are now using RTLS to monitor patient movements, optimize care delivery, and ensure timely interventions. The technology also plays a crucial role in enhancing staff safety by tracking personnel locations and providing alerts for potential hazards, thereby improving overall workplace safety.
Furthermore, the shift towards cloud-based RTLS solutions is emerging as a significant trend. Cloud platforms offer scalability, flexibility, and cost-efficiency, enabling healthcare organizations to deploy and manage RTLS systems with minimal upfront investments. This trend is making RTLS more accessible to a wider range of healthcare providers, promoting broader adoption and integration into various healthcare environments.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

RTLS in healthcare market size was USD 2.3 billion in 2023 and is expected to register 17.5% CAGR from 2024-2032 owing to increasing emphasis on patient care and a rising demand for advanced tracking systems in healthcare processes worldwide.

RTLS in healthcare industry from the hardware segment reached USD 1.4 billion in 2023 and is expected to register a commendable CAGR from 2024-2032 due to their essential function in enabling the system's performance.

North America RTLS in healthcare industry is expected to register 16.7% CAGR from 2024-2032 due to advanced healthcare infrastructure and a growing emphasis on operational efficiency and patient safety in the region.

AiRISTA Flow, Alien Technology, Aruba Networks, CenTrak, GE Healthcare, Impinj, Midmark Corporation, Savi Technology, Sonitor Technologies, Stanley Healthcare, TeleTracking Technologies, Ubisense, and Zebra Technologies, are some of the major RTLS in healthcare companies worldwide.