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RTLS Market fexpected to grow at a CAGR of 23.6% between 2016 and 2022 to reach USD 3,123.7 million by 2022 from USD 580.1 million in 2015

Press Release   •   Jun 06, 2017 07:04 GMT

"RTLS Market fexpected to grow at a CAGR of 23.6% between 2016 and 2022 to reach USD 3,123.7 million by 2022 from USD 580.1 million in 2015" published in June 2017. It is a professional and in-depth study.

Summary

Market Research Report Storeannounces a new report"RTLS Market "added to its database.The RTLS market for healthcare is expected to grow at a CAGR of 23.6% between 2016 and 2022 to reach USD 3,123.7 million by 2022 from USD 580.1 million in 2015. Increasing demand for RTLS from senior living facilities is one of the major factors fueling the growth of this market. In addition to this, the rapid growth in IoT in the healthcare industry has also led to increase in adoption of RTLS, thereby further accelerating the growth of the RTLS market for healthcare.

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“The growth of RTLS market for healthcare is expected to be driven by BLE and UWB technologies during the forecast period.”

Bluetooth LE (BLE) and UWB technologies are expected to witness significant growth in the RTLS market for healthcare during the forecast period. The high precision and accuracy offered by UWB technology for tracking objects is driving the growth of UWB-based RTLS market for healthcare, while the low power consumption feature of BLE is the driving factor for the BLE-based RTLS market for healthcare.

“North America and APAC are the major markets for RTLS in healthcare industry.”

North America is expected to hold the largest size of the RTLS market for healthcare during the forecast period, while the market in APAC is expected to grow at the highest rate during the same period. China, Japan, Singapore, Australia, and India are some of the major countries driving the growth of the RTLS market for healthcare in APAC. A significant number of hospitals, health facilities, and senior living facilities using RTLS are located in North America and APAC. Besides this, the governments, especially in APAC, are making significant investments for the development of IoT industry. These are some of the major factors driving the growth of the RTLS market for healthcare in North America and APAC.

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 officials in the RTLS market for healthcare. The break-up of primary participants for the report has been shown below:

  • By Company Type: Tier 1 = 35 %, Tier 2 = 45%, and Tier 3 = 20%
  • By Designation: C-Level Executives = 35%, Directors = 25%, and Others = 40%
  • By Region: North America = 45%, Europe = 20%, APAC = 30%, and RoW = 5%
  • The report also profiles the key players in the RTLS market for healthcare and analyzes their market ranking. The prominent players profiled in this report are Zebra Technologies Corporation (U.S.), STANLEY Healthcare (U.S.), TeleTracking Technologies, Inc. (U.S.), CenTrak, Inc. (U.S.), Versus Technologies, Inc. (U.S.), Awarepoint Corporation (U.S.), Sonitor Technologies, Inc. (U.S.), AiRISTA, LLC (U.S.), BeSpoon SAS. (France), and Cetani Corporation (U.S.).

    Research Coverage:

    This research report categorizes the RTLS market for healthcare on the basis of facility type, offering, technology, application, and geography. The report also provides the Porter’s five forces analysis, along with a description of each of its forces and their respective impact on the RTLS market for healthcare; description of major drivers, restraints, challenges, and opportunities pertaining to the market; value chain analysis; and market ranking analysis.

    Reasons to Buy the Report

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

    1. This report segments the RTLS market for healthcare comprehensively and provides the closest market size estimation for all subsegments across different regions.

    2. The report helps stakeholders understand the pulse of the market and provides them with the information on key drivers, restraints, challenges, and opportunities for market.

    3. This report will help stakeholders understand their competitors better and gain more insights to improve their position in the business. The competitive landscape section describes competitor ecosystem and various strategies implemented by the companies such as new product developments, partnerships, and mergers and acquisitions.

    TABLE OF CONTENTS

    1 INTRODUCTION 13

    1.1 OBJECTIVES OF THE STUDY 13

    1.2 MARKET DEFINITION 13

    1.3 STUDY SCOPE 14

    1.3.1 YEAR CONSIDERED FOR THE STUDY 15

    1.4 CURRENCY 15

    1.5 LIMITATIONS 15

    1.6 STAKEHOLDERS 15

    2 RESEARCH METHODOLOGY 16

    2.1 RESEARCH DATA 16

    2.1.1 SECONDARY DATA 18

    2.1.1.1 Key data from secondary sources 18

    2.1.2 PRIMARY DATA 19

    2.1.2.1 Key data from primary sources: RTLS for healthcare 19

    2.1.2.2 Key industry insights 20

    2.2 MARKET SIZE ESTIMATION 21

    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 23

    2.4 ASSUMPTIONS 24

    3 EXECUTIVE SUMMARY 25

    4 PREMIUM INSIGHTS 29

    4.1 OPPORTUNITIES FOR RTLS MARKET FOR HEALTHCARE 29

    4.2 RTLS MARKET FOR HEALTHCARE, BY FACILITY TYPE (2016–2022) 29

    4.3 RTLS MARKET FOR HEALTHCARE, BY REGION AND APPLICATION 30

    4.4 RTLS MARKET FOR HEALTHCARE MARKET, BY TECHNOLOGY 31

    4.5 RTLS MARKET FOR HEALTHCARE, BY REGION (2016) 31

    5 MARKET OVERVIEW 32

    5.1 INTRODUCTION 33

    5.2 MARKET SEGMENTATION 33

    5.2.1 BY FACILITY TYPE 33

    5.2.2 BY OFFERING 33

    5.2.3 BY TECHNOLOGY 34

    5.2.4 BY APPLICATION 35

    5.2.5 BY GEOGRAPHY 35

    5.3 MARKET DYNAMICS 36

    5.3.1 DRIVERS 36

    5.3.1.1 Increasing concern for safety and security 36

    5.3.1.2 Improved resource utilization and workflow optimization with RTLS 37

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    Market Research Report Store

    About Market Research Report Store

    Market Research Report Store is one of the most fast-growing and professional online platforms for industry reports, market reports, and professional surveys. Our collection covers more than 100 global markets. We have cooperated with leading publishers and consultant companies to offer the best market intelligence products to our clients with instant access to our database.

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