RTLS in Healthcare Market Regional Analysis:
North America Market Forecast
North America industry is likely to dominate majority revenue share of 35.6% by 2035, due to the presence of advanced healthcare infrastructure and key market players. The governments in the region highly invest in advancing their healthcare facilities to offer cutting-edge services to both patients and medical practitioners and staff, driving RTLS sales.
The U.S. market is expected to increase at a high CAGR during the forecasted period owing to the presence of leading companies and rapid advancements in RTLS technology. The rising prevalence of chronic diseases such as cancer, cardiovascular disorders, and diabetes is driving high demand for advanced resource management solutions including RTLS in the country.
In Canada, supportive government policies and regulations, including, the Connected Care for Canadians Act is enhancing the adoption of modern healthcare facilities. In addition, the growing popularity of digital health platforms and rising prevalence of diseases are increasing the need for reliable and advanced asset management systems including RTLS.
Asia Pacific Market Statistics
Asia Pacific market is anticipated to rise at a rapid pace during the projected period owing to the increasing spending on the healthcare infrastructure, rising adoption of digital healthcare technologies, and growing emergence of technology start-ups. India, Japan, China, and South Korea are some of the most lucrative marketplaces in the region.
The healthcare sector of India is expanding at a rapid pace, and high budget allocation for infrastructure development and modern medical technologies are generating profitable opportunities for real-time location system producers. For instance, India’s union budget 2024-2025 has allocated around USD 10.70 billion to enhance accessibility and innovation in healthcare services.
