Global RTLS in Healthcare Market Revenue Grows at a CAGR of 16.67%

Introduction

Straits Research released its highly anticipated report, “Global RTLS in Healthcare Market Size & Outlook, 2026-2034”. According to the study, the market size is valued at USD 2.77 billion in 2025 and is projected to expand to USD 11.09 billion by 2034, registering a compound annual growth rate (CAGR) of 16.67%.

Market Dynamics

The growth of the RTLS in the healthcare market is primarily driven by the increasing need for enhanced operational efficiency and patient safety across healthcare facilities. With rising patient volumes and complex hospital workflows, healthcare providers are increasingly adopting RTLS solutions to optimize asset utilization, track medical equipment, and improve staff productivity. The integration of RTLS with advanced analytics and IoT-enabled platforms allows real-time monitoring of hospital operations, minimizing equipment loss, and enabling data-driven decision-making for improved patient outcomes. Furthermore, growing government investments in smart hospital infrastructure and digital transformation initiatives are accelerating the adoption of RTLS technologies globally.

However, high initial deployment costs and system integration challenges remain major restraints to market growth. Many healthcare institutions in developing economies face budgetary constraints that limit the adoption of RTLS solutions. Additionally, integrating RTLS platforms with existing hospital information systems and ensuring interoperability across diverse technologies increases implementation complexity and costs.

On the other hand, the expanding adoption of AI-supported analytics and cloud-based RTLS platforms presents significant opportunities for market players. The growing emphasis on predictive healthcare and remote patient tracking is expected to drive demand for intelligent RTLS solutions that offer real-time insights.

Market Highlights

• Component: The software segment is expected to register the fastest CAGR of 17.92%.
• Technology: The RFID segment dominated the market with a revenue share of 31.93% in 2025.
• Application: The supply chain management & automation segment is estimated to register the fastest CAGR of 17.65%.
• End Use: The hospitals segment dominated the market in 2025, accounting for 59.68% revenue share.
• Regional Insights: North America dominated the market, accounting for 44.86% share in 2025, owing to the strong presence of advanced healthcare infrastructure.

Competitive Players

1. Advantech Co., Ltd.
2. AiRISTA
3. Alien Technology
4. CenTrak, Inc. (a subsidiary of Halma plc.)
5. Cisco
6. Cognosos, Inc.
7. GE HealthCare
8. Identec Solutions AG
9. Impinj, Inc.
10. Midmark Corporation
11. MySphera
12. Oracle
13. Purelink Canada, Inc.
14. Seagull Software, LLC.
15. Securitas Healthcare, LLC
16. Siemens Healthineers
17. Sonitor Technologies
18. TeleTracking Technologies, Inc.
19. Ubisense
20. Zebra Technologies Corp.
21. Others

Recent Developments

April 2025: SEUIC Technologies Co., Ltd., launched new RFID products, including the industry's first 100% Chinese-manufactured RFID handheld reader and an AI-powered fixed reader.

Segmentation

1. By Component (2026-2034)
   1. Hardware
   2. Software
   3. Services
2. By Technology (2026-2034)
   1. RFID
   2. BLE
   3. UWB
   4. Wi-Fi
   5. Others
3. By Application (2026-2034)
   1. Inventory/Asset Tracking & Management
   2. Personnel Monitoring
   3. Access Control & Security
   4. Environmental Monitoring
   5. Supply Chain Management & Automation
   6. Others