RTLS in Healthcare Market Size

RTLS in Healthcare Market size is estimated at USD 2.7 billion in 2024 and is anticipated to exceed USD 23.3 billion by the end of 2037, registering over 18% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of RTLS in healthcare is assessed at USD 3.2 billion.

Real-time location systems (RTLS) in healthcare are gaining widespread popularity due to their real-time monitoring and management. Real-time location systems use various technologies such as infrared, ultrasound, and RFID to enhance patient care and improve operational efficiency. Around 25% of healthcare facilities employ real-time location systems in the U.S. for effective patient and asset management. Hospitals and clinics widely face issues including, equipment missing, which sometimes majorly hamper their cashflows questioning inventory management. According to a survey by Research Nester, on average 20% of equipment is reported missing from inventory yearly due to misplacement or loss.