RTLS in Healthcare Market Analysis

Component (Hardware, Software, Services)

Hardware segment is estimated to capture RTLS in healthcare market share of around 63.9% by the end of 2037 owing to its simplicity and easy integration with existing infrastructure. RTLS hardware such as RFID tags, sensors, and beacons are essential for tracking medical equipment, supplies, and patients in real-time, improving operational efficiency. According to Research Nester, the advanced RTLS hardware solutions aid hospitals gain 50% faster bed turnover times. The ongoing technological advancements are set to drive the demand for advanced RTLS hardware solutions, transforming the healthcare sector in the coming years.

End use (Senior Living Facilities, Hospitals & Healthcare Facilities)

In RTLS in healthcare market, senior living facilities segment is predicted to account for revenue share of around 45.5% by 2037 due to the high operational efficiency of RTLS. Real-time location systems mitigate the time healthcare staff spend on searching for equipment and patients. This efficiency allows caregivers to focus more on patient interaction and care. RTLS also aids senior care providers in reducing 50% of resident search and response time.

Our in-depth analysis of the RTLS in healthcare market includes the following segments: