The global RTLS in healthcare market size is anticipated to reach USD 7.96 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 18.69% from 2023 to 2030. The growth of the market depends on several factors, including increasing demand for asset tracking, growing focus on workflow optimization, and the need for improved patient safety.
Most of the industries including healthcare are adopting the RTLS system to lower the risk of workplace accidents. For instance, according to the World Health Organization (WHO), there is a 1 in 300 chance of a patient being harmed in healthcare due to medical errors. These medical errors are associated with specimen misidentification, incorrect blood transfusion, and adverse drug events, which are primarily caused by patient and medication misidentification. Real Time Location System (RTLS) technology can be vital in reducing these errors.
Furthermore, RTLS technology can improve patient care by offering real-time location and status information. For instance, hospitals can utilize RTLS technology to track and monitor patients with chronic diseases such as heart disease, and diabetes and warn healthcare personnel when patients need assistance. This can aid in the prevention of medical emergencies and the reduction of consequences.
COVID-19 has heightened interest in RTLS applications related to infection control. RTLSs can help enhance hand hygiene compliance by monitoring temperatures, air pressure, and other environmental conditions within healthcare facilities. Despite the fact that RTLS technology has traditionally been utilized for automated contact tracking, application cases have increased significantly during the COVID-19 pandemic. Staff can use RTLSs to swiftly identify who has been exposed to a known source of disease and execute isolation precautions to prevent further disease exposure. This is especially important when a patient's diagnosis is discovered several days into a hospitalization or after a visit to an outpatient facility. For instance, Sonitor Technologies offers two complementary contact tracing technologies to prevent and control the spread of COVID-19 in hospitals. This technology is used to track and monitor patient location and movement.
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On the basis of technology, the RFID segment held the majority share of 32.43% in 2024. However, the ultra-wideband (UWB) segment is expected to grow at a significant CAGR of 17.62% over the forecast period.
On the basis of application, the inventory/asset tracking & management segment held the majority share of 32.63% in 2024. However, the supply chain management & automation segment is expected to grow at the fastest CAGR of 18.55% over the forecast period.
On the basis of components, the hardware segment held the majority share of 46.33% in 2024. However, the software segment is expected to grow at the fastest CAGR of 17.69% over the forecast period.
On the basis of end use, the hospitals segment held the majority share of 65.62% in 2024. Ambulatory care centers are increasingly deploying RTLS solutions to manage high patient throughput and streamline outpatient workflows.
In 2024, North America held the largest market share of 46.08% in the market. One of the primary drivers of RTLS adoption in the U.S. healthcare market is the growing investment in smart hospital infrastructure.
Grand View Research has segmented the global RTLS in healthcare market based on component, technology, application, end-use, and region:
RTLS In Healthcare Component Outlook (Revenue, USD Million, 2021 - 2033)
Hardware
Software
Services
RTLS In Healthcare Technology Outlook (Revenue, USD Million, 2021 - 2033)
RFID
Wi-Fi
UWB
BLE
Others
RTLS In Healthcare Application Outlook (Revenue, USD Million, 2021 - 2033)
Inventory/Asset Tracking & Management
Personnel Locating & Monitoring
Access Control & Security
Environmental Monitoring
Supply Chain Management & Automation
Others
RTLS In Healthcare End-use Outlook (Revenue, USD Million, 2021 - 2033)
Hospitals
Long-term Care Facilities
Ambulatory Care Centers
Others
RTLS In Healthcare Regional Outlook (Revenue, USD Million, 2021 - 2033)
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Italy
Spain
Denmark
Sweden
Norway
Asia Pacific
Japan
China
India
South Korea
Australia
Thailand
Latin America
Brazil
Argentina
Middle East & Africa
South Africa
Saudi Arabia
UAE
Kuwait
List of Key Players of RTLS In Healthcare Market
Zebra Technologies Corp.
Securitas Healthcare, LLC (part of Securitas AB)
Cognosos, Inc.
Impinj, Inc.
TeleTracking Technologies, Inc.
CenTrak, Inc. (a subsidiary of Halma plc.)
GE HealthCare
Ubisense
Oracle
AiRISTA
Sonitor Technologies
Midmark Corporation
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