DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global RTLS Market in Healthcare Sector 2017-2021" report to their offering.
The global RTLS market in the healthcare sector to grow at a CAGR of 50.47% during the period 2017-2021.
Global RTLS Market in the Healthcare Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
According to the report, RFID tags are broadly used across the healthcare sector for asset tracking and workforce management. These tags help the sector enhance its efficiency and effectiveness of various operations. The cost of RFID tags is declining exponentially due to the increase in its adoption rate and competition among vendors in the industry. In 2014, the price of RFID tags had declined to 30%-40% as compared with the cost in 2012.
Further, the report states that despite numerous advantages, RTLS also brings challenges to its enterprise users. The implementation of RTLS is expensive because of its high initial deployment cost. This will prompt manufacturers to opt for low-cost technologies such as barcode systems. The cost of RTLS includes expenses involved in planning and design, cabling, software licenses, and location hardware such as signposts and readers. A full-fledged implementation of RTLS in a large manufacturing company costs between $10 million and $30 million. This initial cost varies from industry to industry.
To calculate the market size, the report considers the revenue generated from the following:
- RTLS systems and tags
- Active radio-frequency identification (RFID), passive RFID, out-of-band, GPS, AGPS, and Wi-Fi technologies.
- Asset tracking, people tracking, and hospital management
- STANLEY Healthcare
Other prominent vendors
- Borda Technology
- Emanate Wireless
- GE Healthcare
- Intelligent InSites
- RF Technologies
- Sonitor Technologies
- TeleTracking Technologies
- Tyco Security Products
- Versus Technology
For more information about this report visit http://www.researchandmarkets.com/research/3bt7bd/global_rtls