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    Global Real Time Location Systems (RTLS) for Healthcare Market Size, Share, Price, Growth, Key Players, Analysis, Report, Forecast 2022-2027

    The new report by Expert Market Research titled, ‘Global Real Time Location Systems (RTLS) for Healthcare Market Share, Report and Forecast 2022-2027’, gives an in-depth analysis of the global real time location systems (RTLS) for healthcare market, assessing the market based on its segments like offering, technology, applications, end uses, and major regions.

    The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

    Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/real-time-location-systems-for-healthcare-market/requestsample

    The key highlights of the report include:

    Market Overview (2017-2027)

    • Historical Market Size (2021): USD 2024.71 Million
    • Forecast CAGR (2022-2027): 19.4%
    • Forecast Market Size (2027): USD 5866.63 Million

    The expanding use of real-time location systems (RTLS) in hospitals, emergency medical services, eldercare homes, ambulatory surgery centres, and diagnostic labs, among other places, is driving the global market for RTLS in healthcare. The market is expected to develop due to the growing popularity of ultra-wideband technology enabled RTLS systems in hospitals, which are known for their excellent accuracy. Because RTLS improves clinical quality and streamlines workflow for effective patient care, it is rapidly being used in growing clinics and hospitals in emerging economies such as India, China, and Brazil, among others, which is expected to drive up demand for RTLS systems. The increasing utility of GPS, Zigbee, WiFi, Bluetooth, and other technologies is expected to boost market growth over the forecast period.

    The radio frequency identification (RFID) category accounts for a major part of the market in terms of technology and is expected to increase significantly during the forecast period. This is due to RFID technology’s precise and effective tracking capability, which aids in the real-time location of equipment and people. This technology also gives doctors, nurses, and other healthcare workers access to medical data, which is driving up demand. RFID tags lessen the danger of misidentification in healthcare, especially when it comes to blood sample and medicine delivery, and their use is growing to provide more reliable healthcare services. Furthermore, RFID technology increases hand hygiene tracking and compliance, reducing the risk of hospital-acquired illnesses.

    Industry Definition and Major Segments

    Real-time location systems (RTLS) for healthcare are systems that are used to track and manage staff, medical assets, and patients in real-time in a variety of patient-care settings. These solutions ease administrative burdens in healthcare facilities while also improving patient and healthcare worker safety.

    Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/real-time-location-systems-for-healthcare-market

    On the basis of offering, the market is divided into:

     Software
     Hardware
     Service

    Based on technology, the industry is segmented into:

     WiFi
     Bluetooth Low Energy
     Zigbee
     RFID
     Ultrawide Band
     GPS
     Ultrasound
     Passive RFID
     Infrared

    Based on applications, the market is classified into:

     Asset Tracking
     Patient Safety
     Personnel Tracking
     Environmental Monitoring
     Others

    Based on end uses of real time location systems (RTLS) for healthcare, the market is segmented into:

     Hospitals
     Clinics
     Emergency Medical Services
     Eldercare Facilities
     Diagnostic Labs

    On the Basis of region, the market can be divided into:

     North America
     Europe
     Asia Pacific
     Latin America
     The Middle East and Africa

    Market Trends

    The existence of significant RFID tracking solution suppliers in the United States and Canada is driving the real-time location systems (RTLS) for the healthcare business in North America. Government spending on healthcare is increasing, and the senior population is experiencing an increase in cardiovascular and musculoskeletal problems, which is fueling the market’s rise. The market for real-time location systems (RTLS) for healthcare is expected to grow at a healthy rate during the forecast period, because of rising adoption of technologies such as artificial intelligence (AI) and increased efforts by hospital staff to provide better patient management during emergency situations.

    Key Market Players

    The major players in the market are Olympus Corporation, Baxter International, Stanley Black & Decker Inc., Fresenius Medical Care AG, CenTrak Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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    Expert Market Research (EMR) is a leading market research company with clients across the globe. Through comprehensive data collection and skilful analysis and interpretation of data, the company offers its clients extensive, latest, and actionable market intelligence which enables them to make informed and intelligent decisions and strengthen their position in the market. The clientele ranges from Fortune 1000 companies to small and medium-scale enterprises.

    EMR customises syndicated reports according to client’s requirements and expectations. The company is active across over 15 prominent industry domains, including food and beverages, chemicals and materials, technology and media, consumer goods, packaging, agriculture, and pharmaceuticals, among others.

    Over 3000 EMR consultants and more than 100 analysts work very hard to ensure that clients get only the most updated, relevant, accurate, and actionable industry intelligence so that they may formulate informed, effective, and intelligent business strategies and ensure their leadership in the market.

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