marketreports

Real Time Location Systems are those used for tracking the objects using different technologies. These real time location systems are also employed in the hospitals for improving the facilities to the patients and also helps in tracking the assets that is the equipment and other medical devices. The market for real time location systems was estimated to be $1200 million and is expected to reach by $3442.20 million by 2023 at an estimated CAGR of 19.2%. Active RFID tags have accounted for the major share in the market generating a revenue of $1045.57 million in 2017 and is projected to grow at a CAGR of 17.4% during the forecast period (2018-2023). North American region holds the highest share in the market with a revenue of $644.42 million in 2017. Real Time Location Systems Market Outlook: Real Time Location Systems are used in healthcare to improve the workflow and increase the clinical quality. Different types of software and hardware are being used to track the data. Hardware comp...