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(IT-NEWSWIRE.COM, April 20, 2018 ) The global industrial castings market is anticipated to grow rapidly and will post a CAGR of close to 47% during the forecast period. The increasing use of real-time locating systems (RTLS) tags in the healthcare sector will drive the growth prospects for the global industrial castings market during the forecast period. One of the major factors that increase the adoption of RTLS tags in hospitals is improved operations and increased profitability. Other benefits of RTLS tags are monitoring of the sensitive equipment, patients, and hospital staff such as doctors and nurses. Also, the high-frequency (HF) tags and ultra-high frequency (UHF RFID) tags are widely used in healthcare applications. The HF tags are used for a short-range purpose while the UHF RFID tags are used for long-range purposes like tracking and locating critical medical devices, managing inventory, and tracking and identifying patients. Moreover, the tracking surgical instruments and other reusable medical equipment that are integrated with RTLS solutions helps in the automation of sterile processing workflow. This includes cleaning, sterilizing, and distributing medical equipment, surgical and dental instruments, and critical supplies.
The emergence of new cost-effective technologies will drive the growth prospects for the market in the forthcoming years. One of the major contributing factors of growth in the RTLS market is the effective technologies such as the ultra-wideband (UWB) and ZigBee. These technologies help in the improvement of day-to-day operations, functions, and efficiency of staff, and reduce the operational cost. In addition, they offer high accuracy, precision, and reliability in manufacturing industries. For instance, ZigBee provides easy-to-deploy and cost-effective technology in comparison with personal wireless networks such as Bluetooth or Wi-Fi.
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Competitive landscape and key vendors
In the US, the vendors of the market witness a high competitive environment. Moreover, with the expansion of RTLS in various sectors such as the retail, automotive, manufacturing, and oil and gas sectors, a large number of companies will enter the market. In addition, the market is expected to witness many mergers and acquisitions (M&A) during the forecast period.
Key vendors in this market are -
AiRISTA
HP
STANLEY Healthcare
Ubisense
Zebra
Other prominent vendors in the market include Awarepoint, DecaWave, GE Healthcare, HID, IBM, Intelligent InSites, Identec Solutions, Mojix, PINC Solutions, PLUS Location Systems, Radianse, RF Technologies, Sonitor Technologies, TeleTracking Technologies, ThingMagic, Tyco Security Products, and Versus Technology.
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Segmentation by application and analysis of the dental CBCT market
Systems
Tags
The systems segment accounted for the maximum market share during 2015 and will continue to dominate the market until the end of 2020. One of the major factors that are responsible for the significant growth in the market’s segment is the increasing adoption of RTLS by government organizations. Other such factors that contribute to this growth is the increased adoption of RTLS by various industries such as the healthcare, retail, transportation and logistics, oil and natural gas, and manufacturing.
Segmentation by application and analysis of the RTLS market in the US
Government
Retail
Healthcare
Transportation and logistics
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