Kenneth Research, in its repository of market research reports, have recently added a report on Global RTLS for Healthcare Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global RTLS for Healthcare Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global RTLS for Healthcare Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
Global RTLS for Healthcare Market valued approximately USD 755.9 billion in 2017 is anticipated to grow with a healthy growth rate of more than 18.6% over the forecast period 2018-2025. The RTLS for Healthcare Market is continuously growing across the world over the coming years. The RTLS For Healthcare market is on the surging trend considering the global scenario. The RTLS (Real Time Location System) is referred to as location based services which can track and identify the location of the individuals, objects, assets and equipment in real time basis. Enhanced market competitiveness coupled with the rise of startups providing innovative & customized RTLS solutions based on newer technologies, high return of investment and safety & security concerns in the healthcare sector are the substantial driving factor of the market across the world.
Furthermore, Development of hybrid RTLS solution is the major factor which creating numerous opportunity in the market over the upcoming years. In addition, RTLS for healthcare sector is utilized to track patients, staff on sequence of images and valuable assets. The system has the ability to collect ample amount of locating data by following the individuals or objects while recording their locations on real time basis. These factors also propelling the demand of RTLS for healthcare across the globe. However, concerns related to data security & privacy, negative feedback from RTLS and high cost of acquisition & maintenance are the restraining factors of the market across the globe.
The regional analysis of Global RTLS for Healthcare Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region in the global RTA Furniture market due to presence of large number of healthcare infrastructure in the region. Europe is also estimated to grow in the global RTA Furniture market over the forecasted period 2018-2025. However, Asia-Pacific is also witnessed to grow at faster rate over the forecasted period 2018-2025 owing to advancements in healthcare facilities in the developing regions such as India and China.
The major market player included in this report are:
• Stanley Healthcare
• Zebra Technologies
• Aruba Networks
• Teletracking Technologies
• Sonitor Technologies
• Versus Technology
• Identec Group
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Supply Chain Management
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
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Target Audience of the Global RTLS for Healthcare Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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