According to a new report, published by KBV research, The Global RTLS In Healthcare Market size is expected to reach $7.2 billion by 2030, rising at a market growth of 18.1% CAGR during the forecast period.
The Hospitals & Healthcare Facilities segment is registering maximum revenue in the Global RTLS In Healthcare Market by Facility Type in 2022; thereby, achieving a market value of $6.0 billion by 2030. Hospitals and healthcare facilities are increasingly prioritizing patient-centered care. RTLS technology helps achieve this goal by providing real-time tracking and monitoring capabilities that improve patient safety, reduce wait times, and enhance patient experience.
The Hardware segment is registering a CAGR of 17.5 % during the forecast period. As the adoption of RTLS technology in healthcare has increased, the demand for the underlying hardware components has also grown. Healthcare facilities invest in RTLS solutions to enhance patient care, optimize operations, and improve asset management, which drives the need for hardware components. The expansion of healthcare infrastructure, including new hospitals, clinics, and long-term care facilities, has created a larger demand for RTLS hardware.
The RFID segment is generating highest revenue in the Global RTLS In Healthcare Market by Technology in 2022; thereby, achieving a market value of $2.7 billion by 2030. One of the primary applications of RFID technology in healthcare is asset tracking and management. RFID tags can be affixed to various medical equipment, such as infusion pumps, ventilators, and wheelchairs, allowing healthcare facilities to monitor the location and status of these assets in real-time. This capability significantly reduces the time and effort spent searching for equipment, improving operational efficiency and cost savings.
The Inventory/Asset Tracking & Management segment is growing at a CAGR of 17.4 % during the forecast period. Healthcare facilities deal with vast medical equipment, from high-value devices to critical medications and even simple items like wheelchairs. The need for real-time visibility into these assets' location, status, and utilization is driving the adoption of RTLS technology. Therefore, the segment will expand rapidly in the coming years.
The North America region dominated the Global RTLS In Healthcare Market by Region in 2022 and would continue to be a dominant market till 2030; thereby, achieving a market value of $2.9 billion by 2030. The Europe region is anticipated to grow at a CAGR of 17.7% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 19.1% during (2023 - 2030).
Full Report: https://www.kbvresearch.com/rtls-in-healthcare-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Securitas Healthcare, LLC, Zebra Technologies Corporation, Aruba Networks, Impinj, Inc., Savi Technology, Inc., Advantech Co., Ltd., Cerner Corporation, TeleTracking Technologies, Inc., CenTrak, Inc. and Ubisense Ltd.
By Facility Type
By Component
By Technology
By Application
By Geography
Companies Profiled
Unique Offerings 
