The increased use of RTLS in healthcare has led to the growth of the RTLS Market in North America, which is expected to post a CAGR of 27.08 percent from 2014-2019, says research firm TechNavio.

Most hospitals in North America predominantly use Real-time Location System (RTLS), including RFID tags, to ensure smooth operations.

These healthcare institutions use RTLS solutions for asset management like locating equipment such as hospital beds, infusion pumps, oxygen cylinders, ventilators and wheelchairs. They also use these solutions for employee monitoring, through which they organize the hospital management system.

“The increased use of RTLS in the healthcare domain will have a positive impact on the growth of the overall market during the forecast period,” says Faisal Ghaus, Vice President of TechNavio.

The new report also highlights the growing reliance on analytics in healthcare, which is expected to drive the market in the coming years. Most hospitals are incorporating data analytics software, as it helps hospital staff to extract large datasets and obtain real-time information to gain better insights, aiding them in making better decisions on how to maintain medical equipment.

TechNavio currently has more than 3000 market research reports on a huge range of topics, including:

  • Global Real-Time Location System (RTLS) Market 2015-2019

About TechNavio

TechNavio is a leading global technology research and advisory company.

Founded in 2003, TechNavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.

TechNavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.

If you are interested in more information, please contact our media team at media@technavio.com.