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RTLS market for healthcare report includes the market statistics pertaining to the RTLS healthcare type, automation, function, application, and geography, along with their respective market size. The RTLS market for healthcare is expected to grow from USD 1,271.2 million in 2018 to USD 2,941.2 million by 2023, at a CAGR of 18.3% during the forecast period.Key Target Audience:
• RTLS hardware providers
• RTLS software providers
• RTLS-related service providers
• RTLS-related associations, healthcare organizations, forums, and alliances
• OEM/ODMs, foundries, and semiconductor component suppliers
• RTLS distributors and sales firms
• RTLS end users
• Government bodies such as regulating authorities and policymakers
• Venture capitalists, private equity firms, and startup companies
• Research institutes, organizations, and consulting companies
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“Senior living facilities to register a higher growth in the RTLS market for healthcare during the forecast period”
Resident’s safety and comfort are top priorities of senior living facilities. Many such facilities adopt RTLS for improving the experience of residents and increasing operational efficiency. RTLS, in combination with wearable sensors or tags/badges, can assist with situations that are potentially harmful to patients/residents, such as patient wandering and access to unauthorized or sensitive areas. The market for senior living facilities segment is expected to witness a surge in demand during the forecast period, especially from the US and European countries.
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STANLEY Healthcare (US), Zebra Technologies Corporation (US), Aruba Networks (Hewlett Packard Enterprise, US), IMPINJ (US), Tele Tracking Technologies (US), CenTrak (US), AiRISTA Flow (US), Sonitor Technologies (Norway), Versus Technology (US), and Identec Group (Liechtenstein) are the major players in the RTLS market for healthcare.
A few key innovators considered in the RTLS market for healthcare are DecaWave (Ireland), Redpine Signals (US), Sanitag (Turkey), Mojix (US), and Intelligent InSites (US), while Cerner Corporation (US), GE Healthcare (US), Secure Care Products (US), Borda Technology (Turkey), Cetani Corp. (US) are a few other prominent players in the RTLS market for healthcare.
“North America to hold the largest share of the RTLS market for healthcare during the forecast period”
North America, being technologically advanced and developed, is a leading market for cutting-edge technologies that are used in the real-time tracking applications. North America is one of the largest contributors to the RTLS market for healthcare owing to the healthcare revolution in the region. The reason for the dominance of the US in North America is its well-established economy, which allows for investments in new technologies. The rapid adoption of RTLS solutions for several applications is also contributing to the largest share of North America in the RTLS market for healthcare.
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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 experts. Following is the breakup of the profile of primary participants:
• By Company Type: Tier 1= 15%, Tier 2= 25%,and Tier 3= 60%
• By Designation: C-Level Executives= 60%, Directors= 30%, and Others= 10%
• By Region: North America= 50%, Europe= 25%, APAC= 20%, and RoW=5%
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