U.S. Real Time Location Systems (RTLS) in Healthcare Market size in 2019 is estimated to be $ 2370 million, growing at a CAGR of 15% during the forecast period 2020-2025. A real-time location system helps determine the current position of an object based on real-time information gathered through a wireless system. It helps in indoor tracking of the object as well. RTLS helps to know the exact position of forklifts, vehicles, and operators at any given time. Increasing technological advancement and rise in Asset tracking are the major factors driving the growth of the market. Moreover, rising disposable income and advancement of R&D activities further enhance the overall market demand for U.S. real time location systems in healthcare during the forecast period 2020-2025.Key Takeaways
U.S. Real Time Location Systems (RTLS) in Healthcare Market is growing owing to its well-established economy that encourages government and private investments in new technologies.
Increasing technological advancement and rise in asset tracking is driving the market growth of U.S. Real Time Location Systems (RTLS) in Healthcare.
Detailed analysis of the Strength, Weakness, and opportunities of the prominent players operating in the market will be provided in the U.S. Real Time Location Systems (RTLS) in Healthcare Market report.
High Cost of RTLS and Energy detector based systems with limited range are challenging the growth of the market.
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U.S. Real Time Location Systems (RTLS) in Healthcare Market Drivers
Increasing Technological Advancement
Increasing use of latest technologies like spatial data and Bi solutions are some factors driving the market growth of this segment. Moreover, the increasing use of the services in various industrial verticals and increasing use of social media which are increasing the market growth of U.S. Real Time Location Systems (RTLS) in Healthcare.
Rise in Asset Tracking
Rise in asset tracking and increasing use of location based mobile advertising are some factor driving the growth of the market. Moreover, asset tracking has gained increase in traction among various industry verticals including healthcare, defense, and manufacturing for tracking assets.
U.S. Real Time Location Systems (RTLS) in Healthcare Industry Outlook
Product launches, Merger & Acquisitions, joint ventures and R&D activities are key strategies adopted by players in the U.S. Real Time Location Systems (RTLS) in Healthcare Market. U.S. Real Time Location Systems (RTLS) in Healthcare top 10 companies are Awarepoint Corporation, AeroScout Inc., Zebra Technologies Corporation, Sonitor Technologies, Skytron LLC, TeleTracking Technologies Inc., and Ubisense Group plc.
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