Real-Time Location Systems (RTLS) is a combination of hardware, software and service components, which are used for the real-time monitoring, tracking and management of equipment, patients and staff personnel. RTLS find applications in civil as well as military health care facilities. With continuous advancements in health care technology, RLTS are finding an increase in adoption in many parts of the world, with developed countries in the pioneering position. Additionally, increasing penetration of Internet of Things applications in the health care industry is fueling the growth of RLTS in the health care market.
The RTLS market for health care analysis is segmented by product type, technology, facility type, application and geography. On the basis of product type, the market is segmented into hardware, software and services. The hardware product sub-segment is divided into tags/badges, readers/trackers/access points, and others. Similarly, the software product sub-segment is divided into application, middleware and location analytics engine. The services sub-segment is further separated into consulting, support and maintenance, and deployment and integration of services. Among the product type segment, hardware contributed to the largest market share in 2017 and is anticipated to undergo steady growth during the forecast period in terms of volume consumption throughout the globe.
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On the basis of technology, the market is segmented into RFID, Wi-Fi, UWB, BLE, Infrared (IR), Ultrasound, and other technologies. Similarly, on the basis of facility type, the market is segmented into hospitals and health care and senior living facilities. In the facility division, the market was dominated by hospital and health care facilities in 2017. On the basis of applications, the RTLS market for health care is segmented into inventory/asset - tracking and management, personnel/staff - locating and monitoring, security and access control, environmental monitoring, supply chain management, operation automation/visibility, and others. The environmental monitoring applications are segmented into temperature monitoring, and humidity and air pressure monitoring. In terms of location, the RTLS market for health care can be found in North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Due to the presence of many health care facilities in the United States, North America contributed the largest market share to the global RTLS division for health care. Additionally, Europe and North America are expected to show steady growth during the years to come. India, China, Japan, and other South Asian countries are anticipated to grow at an exponential rate during the forecast period, with China being the leading market with the increase of its aging population. South Africa is also expected to offer good potential for the RTLS market for health care in the years to come with increasing development and investments in the health care industry.
Some of the companies in RTLS for health care are Airista, Aruba Networks, Borda Technology, Centrak, Cerner Corp., Cetani Corp., Decawave, Ge Healthcare, Identec Group, Impinj, Intelligent Insites, Mojix, Redpine Signals, Sanitag, Secure Care Products, Sonitor Technologies, Stanley Healthcare, Teletracking Technologies, Versus Technology, and Zebra Technologies, among others. The major companies operating in the global RTLS market for health care are focusing on enhancing their product offerings to be the top contenders in the market.