[January 06, 2014]

Research and Markets: Global Real Time Location System (RTLS) Market 2014-2018: The Increasing Adoption of RTLS in the Healthcare Industry A Major Driver

Research and Markets (http://www.researchandmarkets.com/research/nw35hl/global_real_time) has announced the addition of the "Global Real Time Location System (RTLS) Market 2014-2018" report to their offering.

The analysts forecast the Global Real Time Location System market to grow at a CAGR of 38.17 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing adoption of RTLS in the Healthcare industry. The Global Real Time Location System market has also been witnessing the increasing strategic business alliances and Mergers and Acquisitions. However, the lack of awareness about RTLS technology among enterprises could pose a challenge to the growth of this market.

The key vendors dominating this market space are Stanley Healthcare Solutions (AeroScout Inc.), Ekahau, Inc., Hewlett-Packard Enterprise Services LLC., Samsung Network Inc. (Samsung SDC Co. Ltd.), Ubisense Group plc., and Zebra Technologies (News - Alert) Corp.

Commenting on the report, an analyst from the team said: The vendor landscape of the Global RTLS market has changed significantly over the last few years. This is because of the growing number of acquisitions among the top vendors and strategic alliances among the vendors to offer innovative solutions. RTLS vendors are collaborating with each other to standardize the RTLS architecture and provide benefits to both vendors and end-users. Various RTLS vendors are looking to improve the compatibility and efficiency of RTLS technology. Thus, RTLS vendors are developing strategic alliances with large corporations that are specialized in RFID technologies, which is likely to aid RTLS vendors in achieving higher standards. For instance, HP and Ekahua entered into a partnership for deploying RTLS solutions across 150 networked hospitals across the US. In addition, the market is rapidly evolving where there are fewer large players. Hence, many IT companies are acquiring small and medium-sized players to enter into the market. For instance, leading printing solution provider, Zebra Technology, has acquired leading RTLS solution provider, WhereNet Corp., to enhance its RTLS product portfolio.

According to the report, one of the main drivers in this market is the increasing adoption of RTLS in the Healthcare industry. Most healthcare organizations use RTLS solutions for asset management and locating equipment such as hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps. They also use RTLS solutions for employee monitoring, through which they can organize the hospital management system.

For more information visit http://www.researchandmarkets.com/research/nw35hl/global_real_time

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