North America RTLS for Healthcare Market: Growth and Competitive Landscape
The North American RTLS (Real-Time Location System) market for healthcare was valued at US$ 689.83 million in 2018 and is projected to reach US$ 3,090.08 million by 2027, expanding at a CAGR of 18.9% during the forecast period.
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Key Growth Drivers
The market’s rapid growth is driven by the advantages of RTLS systems and the increasing competitiveness brought by emerging startups.
Rising Competition and Innovation
The RTLS market has seen a surge in new entrants, leading to heightened competition and the development of innovative and customized solutions across various sectors. Between 2014 and 2017, six startups globally emerged to provide RTLS solutions.
- Pozyx Labs (Founded in 2015, Belgium) โ Specializes in ultra-wideband (UWB) RTLS hardware and software, delivering high-precision positioning with 10 cm accuracy.
- Sewio Networks (Founded in 2014, Czech Republic) โ Offers RTLS hardware and software solutions designed for data accuracy, productivity, cost-efficiency, and safety.
- Proxicon Limited (Founded in 2015, UK) โ Provides customized RTLS solutions for various industries.
North America RTLS for Healthcare Strategic Insights
Strategic insights for the North America RTLS for Healthcare provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
North America RTLS for Healthcare Report Scope
| Attribute | Details |
| Market Size (2018) | US$ 689.83 Million |
| Market Size (2027) | US$ 3,090.08 Million |
| Global CAGR (2018-2027) | 18.9% |
| Historical Data | 2016-2017 |
| Forecast Period | 2019-2027 |
| Segments Covered | By Technology: RFID, Wi-Fi, Bluetooth, GPS, UWB By Facility Type: Hospitals & Healthcare, Senior Living By Application: Inventory Tracking, Patient Tracking, Security, Monitoring, Supply Chain, Automation |
| Regions Covered | North America (US, Canada, Mexico) |
| Market Leaders | CenTrak, Impinj, Intelligent InSites, Aruba, Midmark, Sanitag, Sonitor, STANLEY Healthcare, Teletracking, Zebra Technologies |
North America RTLS for Healthcare Regional Insights
The geographic scope of the North America RTLS for Healthcare refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Company Profiles
- CenTrak
- Impinj, Inc.
- Intelligent InSites
- Aruba (Hewlett Packard Enterprise Development LP)
- Midmark Corporation
- Sanitag
- Sonitor Technologies
- STANLEY Healthcare
- Teletracking Technologies, Inc.
- Zebra Technologies Corp.
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Authorโs Bio
Akshay
Senior Market Research Expert at Business Market Insights
