PUNE, INDIA, May 3, 2023 /EINPresswire.com/ -- The market size of global RTLS Market for Healthcare is estimated to grow from USD 2.0 billion in 2023 to USD 5.8 billion by 2028, at a CAGR of 23.5%. Every year, hospitals experience various equipment failures such as refrigerator or freezer failure, resulting in the loss of medications, vaccines, tissue, blood, or food. An RTLS system automatically logs temperature and humidity and alerts personnel so that healthcare facilities scan monitor and address such issues before any loss or patient harm ensues. RTLS technology also supports the documentation of corrective action for out-of-range conditions and provides a variety of reports to support regulatory audits. Hence, RTLS can significantly help healthcare organizations to achieve a high RoI.

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The RTLS (Real-Time Location System) market is a growing industry that provides real-time tracking and monitoring of assets, people, and equipment. RTLS solutions use a combination of technologies such as Wi-Fi, RFID, GPS, Bluetooth, and UWB (Ultra-Wideband) to provide accurate and real-time location information. The market for RTLS includes various software and hardware providers that offer solutions such as asset tracking, personnel tracking, inventory management, and security and safety monitoring.

Major players profiled in this report are as follows: Securitas Healthcare, LLC (US), Zebra Technologies Corporation (US), Aruba Networks (US), Impinj, Inc. (US), Savi Technology (US), TeleTracking Technologies, Inc. (US), CenTrak, Inc. (US), Advantech Co., Ltd. (Taiwan), GE HealthCare Technologies Inc. (US), and others.

RTLS solutions are used in various industries such as healthcare, manufacturing, logistics, retail, and transportation. They provide businesses with improved visibility into their operations, enhanced safety and security, increased efficiency and productivity, and reduced costs.

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The RTLS market is expected to continue growing in the coming years, driven by the increasing demand for real-time location tracking and monitoring, the growing adoption of IoT (Internet of Things) devices, and the need for improved efficiency and safety in various industries. The market is also likely to see increased investment in research and development, which could lead to more advanced RTLS technology and more use cases for businesses. However, there are challenges to overcome, such as the need for accurate location tracking in complex environments and the potential for privacy and security concerns.

Ganesh Pardeshi
ReportsnReports
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