In the last five years, the Internet of Things (IoT) has ushered in a new era of innovation in healthcare, revolutionizing the industry in ways we could have never imagined. IoT has not only improved patient care and outcomes but has also streamlined operations, reduced costs, and paved the way for a more patient-centric approach. Here's a closer look at how IoT has transformed healthcare over this period.

In today's fast-paced healthcare environment, efficiency and patient safety are paramount. Healthcare providers constantly seek innovative solutions to streamline operations, improve workflow, and enhance patient outcomes. One technology that has emerged as a game-changer in healthcare is Real-Time Location Systems (RTLS). RTLS leverages advanced tracking and monitoring capabilities to provide real-time visibility into the location and status of people, equipment, and assets within a healthcare facility. In this blog, we will explore the numerous benefits of healthcare RTLS and how it revolutionizes healthcare delivery.

The real-time systems market size was valued at $3.93 billion in 2020 and is projected to reach $39.12 billion by 2030, registering a CAGR of 25.7%. The global market is influenced by several factors such as the rise in the need for asset tracking, the proliferation of smartphones, the increase in the adoption of business analytics, and driverse utility across applications.

The Real-Time Locating Systems (RTLS) Market was expected to register a CAGR of 25.1% during the forecasted period. According to Cisco, 500 billion devices are expected to be connected to the Internet by 2030. With the increasing trend of IoT and wearable devices, organizations can quickly get more things done, boosting productivity and delivering insight for better user experiences and engagement.

Looking back, we can safely say 2021 was a banner year for location technology. Many companies started discovering and testing the benefits of knowing where assets are located, analyzing how they move in their environment, and learning how different items (even people) interact with each other daily. Even Apple launched a product for searching and finding items, the AirTag.