The RTLS market is increasingly capturing a tremendous amount of mind share. As future adoption occurs and organizations espouse the benefits, RTLS is set to lead a multi-year pattern of strong growth.
Frost & Sullivan finds that Real-time Location Systems are implemented throughout the country with contracts that are pure pilots and consist of a few thousand dollars to larger contracts in the hundreds of thousands to even a couple in the two to four million dollar area.
If you are interested in a virtual brochure, which provides manufacturers, end users, and other industry participants an overview of the latest analysis of the U.S. Real-time Location System (RTLS) Markets for Healthcare Providers - RFID, WiFi, RF/IR, US, UWB, then send an e-mail to Melina Trevino - Corporate Communications at melina.trevino[.]frost.com with the following information: your full name, company name, title, telephone number, e-mail address, city, state, and country. We will send you the information via email upon receipt of the above information.
“The RTLS market continues to grow at a healthy pace," says Frost & Sullivan Industry Analyst Steve Tobin. "RTLS remains a nascent market with the opportunity to dramatically enable process and workflow improvements across the provider organization.”
As awareness continues to grow and installations continue to prove numerous benefits, RTLS is beginning to take a foothold. When it comes to technologies that will lead the market in terms of rate of adoption, RTLS is on track to outpace the majority of other technologies.
Organizations are continuously corroborating and validating the depth of various technology solutions. Ongoing and past implementations continue to prove successful and bring fortitude to the significance of this new technology. As current technology integrates and performs at reasonable thresholds, organizations are no longer faced with installing unreliable solutions.
“Organizations must decide amongst various technologies that each offer their set of advantages and disadvantages,” notes Tobin. “Without a clear market dominance, organizations face a very difficult decision for what technology they will utilize and how they will scale the technology as budget permits.”
Multiple approaches and strategies will be necessary to augment a successful implementation. Unquestionably, starting with pilots or with bigger contracts implementing at department speed remain critical to a reliable and lasting solution.
The U.S. Real-time Location System (RTLS) Markets for Healthcare Providers - RFID, WiFi, RF/IR, US, UWB is part of the Healthcare Information Technologies Growth Partnership Service, and it includes an in-depth study of the market trends in addition to examining the key strategies for vendor success. This study also lists the key industry challenges with strategic recommendations, market drivers, and restraints. The research service also includes a detailed study of the following technologies in relation to RTLS: active versus passive RFID, ultra wide band, RFID, Wi-Fi, ultrasonic, and RF/Infrared. Interviews are available to the press.
Frost & Sullivan, a global growth consulting company, has been partnering with clients to support the development of innovative strategies for more than 40 years. The company's industry expertise integrates growth consulting, growth partnership services, and corporate management training to identify and develop opportunities. Frost & Sullivan serves an extensive clientele that includes Global 1000 companies, emerging companies, and the investment community by providing comprehensive industry coverage that reflects a unique global perspective and combines ongoing analysis of markets, technologies, econometrics, and demographics.