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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, and Geography - Global Forecast to 2023

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Date: 03-Aug-2018
No. of pages: 181
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“The real-time locating systems (RTLS) market for healthcare to grow at a CAGR of 18.3% during the forecast period”

The RTLS market for healthcare is expected 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. The increased competitiveness in the market 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. Other factors driving the market growth include safety and security concerns in healthcare facilities and high return on investment. Factors restraining the market growth include concerns regarding data security and privacy, unsatisfactory results and negative feedback from RTLS end users, and the high cost of acquisition and maintenance.

“Senior living facilities to register a higher growth in the RTLS market for healthcare during the forecast period”

Resident’s safety and comfort are top priorities of senior living facilities. Many such facilities adopt RTLS for improving the experience of residents and increasing operational efficiency. RTLS, in combination with wearable sensors or tags/badges, can assist with situations that are potentially harmful to patients/residents, such as patient wandering and access to unauthorized or sensitive areas. The market for senior living facilities segment is expected to witness a surge in demand during the forecast period, especially from the US and European countries.

“North America to hold the largest share of the RTLS market for healthcare during the forecast period”

North America, being technologically advanced and developed, is a leading market for cutting-edge technologies that are used in the real-time tracking applications. North America is one of the largest contributors to the RTLS market for healthcare owing to the healthcare revolution in the region. The reason for the dominance of the US in North America is its well-established economy, which allows for investments in new technologies. The rapid adoption of RTLS solutions for several applications is also contributing to the largest share of North America in the RTLS market for healthcare.

In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key experts. Following is the breakup of the profile of primary participants:


  • By Company Type: Tier 1= 15%, Tier 2= 25%,and Tier 3= 60%

  • By Designation: C-Level Executives= 60%, Directors= 30%, and Others= 10%

  • By Region: North America= 50%, Europe= 25%, APAC= 20%, and RoW=5%


STANLEY Healthcare (US), Zebra Technologies Corporation (US), Aruba Networks (Hewlett Packard Enterprise, US), IMPINJ (US), Tele Tracking Technologies (US), CenTrak (US), AiRISTA Flow (US), Sonitor Technologies (Norway), Versus Technology (US), and Identec Group (Liechtenstein) are the major players in the RTLS market for healthcare.

A few key innovators considered in the RTLS market for healthcare are DecaWave (Ireland), Redpine Signals (US), Sanitag (Turkey), Mojix (US), and Intelligent InSites (US), while Cerner Corporation (US), GE Healthcare (US), Secure Care Products (US), Borda Technology (Turkey), Cetani Corp. (US) are a few other prominent players in the RTLS market for healthcare.

Research Coverage:

The report estimates the market size and future growth potential of the RTLS market for healthcare across different segments, such as offering, facility type, technology, application, and geography. Moreover, the report includes the industry trends and company focus/strategies, market dynamics, and competitive analysis of the key players in the market, along with their company profiles, and recent developments.

Key Benefits of Buying the Report:

The report will help the leaders/new entrants in this market in the following ways:


  • The report helps stakeholders to understand RTLS tag costs, shipments, operating range, and accuracy levels or resolution segmented on the basis of technology and helps in identifying the focus of top 50 companies in the market based on RTLS technologies, offerings, and applications.

  • The report helps stakeholders to understand the pulse of the market and provides them with information on market dynamics, namely, drivers, restraints, challenges, and opportunities.

  • The report helps stakeholders to identify different strategies adopted by leading players and startups in the RTLS market for healthcare, and how startups are witnessing higher growth by offering custom solutions and interactive services to end users.

  • The report is a result of the analysis ofall players in the RTLS market for healthcare and would help stakeholders to better understand their competitors and gain more insights to enhance their position in the business.

  • The Competitive Landscape section of the report includes competitor ecosystem, player ranking, major strategies adopted by leading players, and major developments such as product launches and developments, mergers and acquisitions, partnerships, agreements, and collaborations, which help stakeholders to take revenue growth-related decisions.

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, and Geography - Global Forecast to 2023

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographic Scope
1.3.3 Years Considered
1.4 Currency
1.5 Package Size
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions

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
11.2.1 US
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 UK
11.3.2 Germany
11.3.3 France
11.3.4 Rest of Europe
11.4 Asia Pacific (APAC)
11.4.1 Japan
11.4.2 China
11.4.3 Australia
11.4.4 South Korea
11.4.5 Rest of APAC
11.5 Rest of the World (RoW)
11.5.1 Middle East
11.5.2 Africa
11.5.3 South America

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.

14 Appendix
14.1 Discussion Guide
14.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
14.3 Available Customization
14.4 Related Reports
14.5 Author Details

List of Tables

Table 1 Typical Return on Investment (RoI) in Hospitals With RTLS Deployment
Table 2 Comparison of RTLS Tags Based on Different Technologies
Table 3 RTLS Market for Healthcare, By Offering, 2015–2023 (USD Million)
Table 4 RTLS Hardware Market for Healthcare, By Technology, 2015–2023 (USD Million)
Table 5 RTLS Hardware Market for Healthcare, By Component, 2015–2023 (USD Million)
Table 6 RTLS Market for Tags/Badges, By Technology, 2015–2023 (Million Units)
Table 7 RTLS Software Market for Healthcare, By Technology, 2015–2023 (USD Million)
Table 8 RTLS Services Market for Healthcare, By Technology, 2015–2023 (USD Million)
Table 9 RTLS Services Market for Healthcare, By Service Type, 2015–2023 (USD Million)
Table 10 RTLS Market for Healthcare, By Technology, 2015–2023 (USD Million)
Table 11 RTLS Market for Healthcare for RFID Technology, By Offering, 2015–2023 (USD Million)
Table 12 RTLS Market for Healthcare for RFID Technology, By Region, 2015–2023 (USD Million)
Table 13 RTLS Market for Healthcare for Wi-Fi Technology, By Offering, 2015–2023 (USD Million)
Table 14 RTLS Market for Healthcare for Wi-Fi Technology, By Region, 2015–2023 (USD Million)
Table 15 RTLS Market for Healthcare for UWB Technology, By Offering, 2015–2023 (USD Million)
Table 16 RTLS Market for Healthcare for UWB Technology, By Region, 2015–2023 (USD Million)
Table 17 RTLS Market for Healthcare for BLE Technology, By Offering, 2015–2023 (USD Million)
Table 18 RTLS Market for Healthcare for BLE Technology, By Region, 2015–2023 (USD Million)
Table 19 RTLS Market for Healthcare for IR Technology, By Offering, 2015–2023 (USD Million)
Table 20 RTLS Market for Healthcare for IR Technology, By Region, 2015–2023 (USD Million)
Table 21 RTLS Market for Healthcare for Ultrasound Technology, By Offering, 2015–2023 (USD Million)
Table 22 RTLS Market for Healthcare for Ultrasound Technology, By Region, 2015–2023 (USD Million)
Table 23 RTLS Market for Healthcare for Other Technologies, By Offering, 2015–2023 (USD Million)
Table 24 RTLS Market for Healthcare for Other Technologies, By Region, 2015–2023 (USD Million)
Table 25 RTLS Market for Healthcare, By Facility Type, 2015–2023 (USD Million)
Table 26 RTLS Market for Healthcare for Hospitals and Healthcare Facilities, By Region, 2015–2023 (USD Million)
Table 27 RTLS Market for Healthcare in North America for Hospitals and Healthcare Facilities, By Country, 2015–2023 (USD Million)
Table 28 RTLS Market for Healthcare in Europe for Hospitals and Healthcare Facilities, By Country, 2015–2023 (USD Million)
Table 29 RTLS Market for Healthcare in APAC for Hospitals and Healthcare Facilities, By Country, 2015–2023 (USD Million)
Table 30 RTLS Market for Healthcare in RoW for Hospitals and Healthcare Facilities, By Region, 2015–2023 (USD Million)
Table 31 RTLS Market for Healthcare for Senior Living Facilities, By Region, 2015–2023 (USD Million)
Table 32 RTLS Market for Healthcare in North America for Senior Living Facilities, By Country, 2015–2023 (USD Million)
Table 33 RTLS Market for Healthcare in Europe for Senior Living Facilities, By Country, 2015–2023 (USD Million)
Table 34 RTLS Market for Healthcare in APAC for Senior Living Facilities, By Country, 2015–2023 (USD Million)
Table 35 RTLS Market for Healthcare in RoW for Senior Living Facilities, By Region, 2015–2023 (USD Million)
Table 36 RTLS Market for Healthcare, By Application, 2015–2023 (USD Million)
Table 37 RTLS Market for Healthcare, By Region, 2015–2023 (USD Million)
Table 38 RTLS Market for Healthcare in North America, By Technology, 2015–2023 (USD Million)
Table 39 RTLS Market for Healthcare in North America, By Facility Type, 2015–2023 (USD Million)
Table 40 RTLS Market for Healthcare in North America, By Country, 2015–2023 (USD Million)
Table 41 RTLS Market for Healthcare in US, By Facility Type, 2015–2023 (USD Million)
Table 42 RTLS Market for Healthcare in Canada, By Facility Type, 2015–2023 (USD Million)
Table 43 RTLS Market for Healthcare in Mexico, By Facility Type, 2015–2023 (USD Million)
Table 44 RTLS Market for Healthcare in Europe, By Technology, 2015–2023 (USD Million)
Table 45 RTLS Market for Healthcare in Europe, By Facility Type, 2015–2023 (USD Million)
Table 46 RTLS Market for Healthcare in Europe, By Country, 2015–2023 (USD Million)
Table 47 RTLS Market for Healthcare in UK, By Facility Type, 2015–2023 (USD Million)
Table 48 RTLS Market for Healthcare in Germany, By Facility Type, 2015–2023 (USD Million)
Table 49 RTLS Market for Healthcare in France, By Facility Type, 2015–2023 (USD Million)
Table 50 RTLS Market for Healthcare in Rest of Europe, By Facility Type, 2015–2023 (USD Million)
Table 51 RTLS Market for Healthcare in APAC, By Technology, 2015–2023 (USD Million)
Table 52 RTLS Market for Healthcare in APAC, By Facility Type, 2015–2023 (USD Million)
Table 53 RTLS Market for Healthcare in APAC, By Country, 2015–2023 (USD Million)
Table 54 RTLS Market for Healthcare in Japan, By Facility Type, 2015–2023 (USD Million)
Table 55 RTLS Market for Healthcare in China, By Facility Type, 2015–2023 (USD Million)
Table 56 RTLS Market for Healthcare in Australia, By Facility Type, 2015–2023 (USD Million)
Table 57 RTLS Market for Healthcare in South Korea, By Facility Type, 2015–2023 (USD Million)
Table 58 RTLS Market for Healthcare in Rest of APAC, By Facility Type, 2015–2023 (USD Million)
Table 59 RTLS Market for Healthcare in RoW, By Technology, 2015–2023 (USD Million)
Table 60 RTLS Market for Healthcare in RoW, By Facility Type, 2015–2023 (USD Million
Table 61 RTLS Market for Healthcare in RoW, By Region, 2015–2023 (USD Million)
Table 62 RTLS Market for Healthcare in Middle East, By Facility Type, 2015–2023 (USD Million)
Table 63 RTLS Market for Healthcare in Africa, By Facility Type, 2015–2023 (USD Million)
Table 64 RTLS Market for Healthcare in South America, By Facility Type, 2015–2023 (USD Million)
Table 65 Ranking of Key Market Players, 2017

List of Figures

Figure 1 RTLS Market for Healthcare: Process Flow of Market Size Estimation
Figure 2 RTLS Market for Healthcare: Research Design
Figure 3 Data Triangulation
Figure 4 RTLS Market for Healthcare, 2015–2023 (USD Billion)
Figure 5 Senior Living Facilities to Witness Higher CAGR in RTLS Market for Healthcare During 2018–2023
Figure 6 UWB Technology to Exhibit Highest CAGR in RTLS Market for Healthcare During Forecast Period
Figure 7 Hardware Segment to Command RTLS Market for Healthcare, in Terms of Size, By 2023
Figure 8 Inventory/Asset – Tracking & Management Application to Dominate RTLS Market for Healthcare, in Terms of Size, By 2023
Figure 9 RTLS Market for Healthcare to Grow at Highest CAGR in APAC Between 2018 and 2023
Figure 10 RTLS Market for Healthcare Expected to Grow at High CAGR Between 2018 and 2023
Figure 11 Services Segment to Witness Highest Growth During Forecast Period
Figure 12 RTLS Market for Healthcare to Grow at Higher Rate in Senior Living Facilities During Forecast Period
Figure 13 APAC and RoW to Adopt RTLS Solutions at High Rate in Hospitals and Healthcare Facilities During Forecast Period
Figure 14 North America and Europe to Witness Huge RTLS Solution Deployment in Senior Living Facilities During Forecast Period
Figure 15 Wi-Fi-Based RTLS Solutions to Account for Largest Market Share During Forecast Period
Figure 16 Inventory/Asset – Tracking and Management Application to Account for Largest Share of RTLS Market for Healthcare During Forecast Period
Figure 17 Wi-Fi Technology and North America Accounted for Largest Market Share in 2017
Figure 18 APAC and RoW to Witness Increase in Market Share By 2023
Figure 19 RTLS Market for Healthcare to Grow at Highest CAGR in China Between 2018 and 2023
Figure 20 RTLS Market for Healthcare: Drivers, Restraints, Opportunities, and Challenges
Figure 21 RTLS Market for Healthcare: Value Chain Analysis
Figure 22 Price Comparison of RTLS Tags Based on Different Technologies
Figure 23 Comparison of Cost, Accuracy Level, and Operating Range of RTLS Tags Based on Different Technologies
Figure 24 Focus of Companies in RTLS Market for Healthcare, By Technology, 2017
Figure 25 Focus of Companies in RTLS Market for Healthcare, By Offering, 2017
Figure 26 Focus of Companies in RTLS Market for Healthcare, By Use Case/Application, 2017
Figure 27 RTLS Market for Healthcare, By Offering
Figure 28 Services Segment in RTLS Market for Healthcare to Witness Highest CAGR Between 2018 and 2023
Figure 29 Wi-Fi Technology to Hold Largest Size of RTLS Hardware Market for Healthcare By 2023
Figure 30 Tags/Badges to Account for Largest Size of RTLS Hardware Market for Healthcare By 2023
Figure 31 RFID Technology-Based Tags/Badges to Dominate RTLS Market for Healthcare, in Terms of Volume, During Forecast Period
Figure 32 UWB Technology to Exhibit Highest CAGR in RTLS Software Market for Healthcare During 2018–2023
Figure 33 Market for Services Provided for UWB-Based RTLS Solutions to Witness Highest CAGR During Forecast Period
Figure 34 Deployment & Integration Services to Account for Largest Share of RTLS Services Market for Healthcare By 2023
Figure 35 RTLS Market for Healthcare, By Technology
Figure 36 Wi-Fi Technology to Account for Largest Size of RTLS Market for Healthcare By 2023
Figure 37 Services Segment to Witness Highest CAGR in RTLS Market for Healthcare for RFID Technology During 2018–2023
Figure 38 APAC to Register Highest CAGR in RTLS Market for Healthcare for RFID Technology During 2018–2023
Figure 39 Services Segment to Command RTLS Market for Healthcare for Wi-Fi Technology During 2018–2023
Figure 40 North America to Continue to Account for Largest Size of RTLS Market for Healthcare for Wi-Fi Technology During 2018–2023
Figure 41 Hardware Segment to Continue to Hold Largest Size of RTLS Market for Healthcare for UWB Technology During Forecast Period
Figure 42 North America to Hold Largest Size of RTLS Market for Healthcare for UWB Technology During Forecast Period
Figure 43 Software Segment to Account for Largest Size of RTLS Market for Healthcare for BLE Technology During 2018–2023
Figure 44 APAC to Exhibit Highest CAGR in RTLS Market for Healthcare for BLE Technology During Forecast Period
Figure 45 Services Segment to Witness Highest CAGR in RTLS Market for Healthcare for IR Technology During Forecast Period,
Figure 46 North America to Account for Largest Size of RTLS Market for Healthcare for IR Technology By 2023
Figure 47 Hardware Segment to Dominate RTLS Market for Healthcare for Ultrasound Technology During Forecast Period
Figure 48 APAC to Witness Highest CAGR in RTLS Market for Healthcare for Ultrasound Technology During Forecast Period
Figure 49 North America to Account for Largest Size of RTLS Market for Healthcare for Other Technologies By 2023
Figure 50 RTLS Market for Healthcare, By Facility Type
Figure 51 RTLS Market for Healthcare, By Facility Type, 2018 vs 2023
Figure 52 North America to Account for Largest Size of RTLS Market for Hospitals and Healthcare Facilities By 2023
Figure 53 APAC to Witness Highest CAGR in RTLS Market for Healthcare for Senior Living Facilities During 2018–2023
Figure 54 RTLS Market for Healthcare Segmentation, By Application
Figure 55 Inventory/Asset – Tracking & Management Application to Account for Largest Size of RTLS Market for Healthcare By 2023
Figure 56 Geographic Snapshot of RTLS Market for Healthcare: Rapidly Growing Markets Emerging as New Hotspots
Figure 57 North America to Dominate RTLS Market for Healthcare, in Terms of Size, During 2018–2023
Figure 58 North America: RTLS Market for Healthcare Snapshot
Figure 59 US to Account for Largest Size of North American RTLS Market for Healthcare By 2023
Figure 60 Europe: RTLS Market for Healthcare Snapshot
Figure 61 UK to Witness Highest CAGR in European RTLS Market for Healthcare During 2018–2023
Figure 62 Asia Pacific: RTLS Market for Healthcare Snapshot
Figure 63 China to Witness Highest CAGR During 2018–2023, While Japan to Account for Largest Size of RTLS Market for Healthcare in APAC By 2023
Figure 64 RTLS Market for Healthcare in RoW, By Region, 2018 vs 2023 (USD Million)
Figure 65 Key Developments By Leading Players in RTLS Market for Healthcare Between 2015 and 2018
Figure 66 Stanley Black & Decker: Company Snapshot 2017
Figure 67 Zebra Technologies: Company Snapshot 2017
Figure 68 Impinj: Company Snapshot 2017

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