#real-time location systems (rtls)
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Location-based services (LBS) and real time location systems (RTLS) market will reach at an estimated value of USD 973.86 million by 2028 and grow at a CAGR of 28.71% in the forecast period of 2021 to 2028. Increase in the use of latest technologies like spatial data and Bi solutions acts as an essential factor driving the location-based services (LBS) and real time location systems (RTLS) market.
#Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market#Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Share#Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Size#Location-Based Services (LBS) And Real Time Location Systems (RTLS) Market Growth.
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#Real Time Location System (RTLS) Market size#Real Time Location System (RTLS) Market share#Real Time Location System (RTLS) Market price
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A new study on the Real Time Location Systems (RTLS) for Healthcare Market has been released by IMARC Group. The report examines an exhaustive insight into the market trends and manufacturing requirements of Real Time Location Systems (RTLS) for Healthcare Market
#Real Time Location Systems (RTLS) for Healthcare Market Size#Real Time Location Systems (RTLS) for Healthcare Market Shape#Real Time Location Systems (RTLS) for Healthcare Market growth#Real Time Location Systems (RTLS) for Healthcare Market Trends#Real Time Location Systems (RTLS) for Healthcare Market Anlysis
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Why Apple's 2nd Gen UWB Chip is Exciting?
With over 10 years of experience in spatial and location technologies, including Bluetooth, Ultra Wideband, and Cellular IoT, we at Estimote are thrilled about the newly announced iPhone 15 and its upgraded second-generation Ultra Wideband chip.
In this blog post, we'll explain why we're excited, we will try to forecast the potential use-cases of this second-gen chip, and highlight the opportunities for developers to create groundbreaking context and location-aware apps.
SPATIAL AWARENESS
Many people aren't aware, but every iPhone from the iPhone 11 onwards has a hidden super-power. It can measure the distance and orientation to nearby phones or other compatible devices. Think of it as an invisible string connecting your phone to objects with AirTags attached, a HomePod, or even your car.
This super-power is made possible by the first generation Ultra Wideband chip (U1 chip). This chip is a small radio transmitter that sends, receives, and processes tiny radio signals. These signals are so low-power that they're almost indistinguishable from the background noise in a broad range of frequencies (5-9 GHz). That's why it's called Ultra Wideband, or UWB for short.
Whenever a nearby device communicates with an iPhone using UWB, the phone calculates the duration of this interaction. The greater the distance, the more time it takes for the radio signal to make the round trip. The U1 chip then multiplies this travel time by the speed of light to determine the inch-level distance to nearby phones or tags.
iPhones equipped with the UWB chip use this distance data to create magical user experiences. For instance, when you AirDrop files to friends close by or search for your misplaced keys, your iPhone directs you to the corresponding AirTag. And when you walk into your living room your music can seamlessly start playing on your HomePod. These are just a few examples of what the U1 chip offers, and there's so much more on the horizon.
LOWER POWER UWB CHIP
The new iPhone 15 as well as new Apple Watch Series 9 feature a second-generation UWB chip. Reports indicate that a primary difference with that model is the shift in the chip manufacturing process from 16nm to 7nm. This simply means that the transistors have become smaller. As a result, they use less energy and switch more quickly, leading to enhanced performance, greater range, and new possibilities.
Why is power consumption so crucial? Reduced power usage can result in a superior user experience and introduce entirely new use-cases and applications. For instance, with the new UWB chip, new AirTags when upgraded could last up to 2-3 years on a single coin battery, as opposed to the current 1-year lifespan with the U1 chip.
Having more transistors also means stronger computing power, better signal processing, and more effective noise filtering. This is why Apple also announced a 3x improvement in UWB range and unveiled a new precision finding feature for the Find My app to locate friends around.
UNTRACKED INDOOR LOCATION
Another potential future application of the lower power UWB chip might involve a technique named Downlink TDoA. This stands for "time difference of arrival," a new standard championed by the FiRa organization. It lets UWB-enabled phones passively receive signals from UWB beacons or anchors.
Imagine your car in a tunnel where GPS is unavailable. UWB beacons in the tunnel transmit radio signals to your phone. Your phone captures these signals, and using the time difference of their arrival, it can calculate the exact position of the car inside the tunnel. With Downlink TDoA, beacons don't collect any data from to the phone. The precise location is determined solely by the UWB chip on the phone. This approach is seen as safer and more privacy-centric than traditional real-time location systems (RTLS). As a result, it's often referred to as Untracked Indoor Positioning.
This innovative, privacy-centric way of determining indoor positioning could also be applied in airports, malls, museums, and more. It could effectively deliver what the iBeacon promised years ago, but with inch-perfect accuracy and superior security.
To make such experiences possible, a low-power UWB processor like the second-gen chip is essential. The phone would need to constantly detect UWB signals from nearby beacons, and it's crucial that this happens efficiently.
SPATIAL COMPUTING AND VISION PRO
There's also speculation that the UWB chip may eventually interact with Apple's new smart glasses. This makes a lot of sense. Currently, Vision Pro determines its spatial orientation in a room using computer vision and image processing. Using the UWB chip and radio signals for this purpose would use order of magnitude less power. Preserving power could allow Apple to design more compact and lighter smart glasses in the future.
FUTURE APPLICATIONS OF UWB
Ultra Wideband technology has many more uses than just distance positioning. It was originally developed for military use in radars. Essentially, UWB signals sent from the phone could reflect off nearby objects and return to the UWB chip. By examining these reflections phone can identify the shape, orientation, or movement of objects.
RADAR AND HEALTH MONITORING
There are many research papers where UWB radar is used to count people in a room or even detect human heartbeats. Given Apple's focus on health & fitness, it's entirely possible for future iPhones equipped with UWB on your nightstand to monitor heart rate or breathing. Non-contact monitoring could be useful for elderly individuals living alone or young children. It could identify falls or irregular heartbeats and notify caregivers or family members. This might not be implemented on the second-gen processors, but could be expected from the future UWB revisions and the new software.
HANDS-FREE PAYMENTS
Another potential use for an improved UWB chip could be in payments. While NFC has been popular for close-range payments, UWB could transform the entire experience. Imagine approaching a payment terminal, and without needing to pull out your phone or move it near the terminal, the payment is processed securely. This technology might lead to genuinely hands-free shopping. Customers could just grab items and leave the store. With devices powered by the UWB chip communicating with other UWB-enabled tags and payment terminals, the items someone has would be detected, and the cost automatically taken from the associated account, all while ensuring security through spatial authentication.
Beyond shopping, UWB could also make peer-to-peer payments easier. Instead of sifting through apps, just being nearby could prompt a payment screen on your iPhone, asking if you want to split the bill, recognizing your friend's device by its spatial position.
ACCESS CONTROL AND HANDS-FREE AUTHENTICATION
Finally, Apple's new second-gen UWB chip, can revolutionise the way we access and interact with spaces. Imagine arriving at a hotel. As you approach your room, the door recognises your smartphone and automatically unlocks without you having to fumble for a keycard or even touch the door.
Workplaces, especially those that involve machinery or secure data access, can benefit from hands-free authentication. Consider a research laboratory with multiple machines and computers. Instead of using passwords, keycards, or fingerprint scans, devices equipped with UWB sensors could detect the presence of an authorised UWB chip-carrying employee and unlock automatically.
The incorporation of the second generation UWB chip into a broader range of devices could dramatically transform the way we interact with the world, making our experiences smoother, more intuitive, and more secure. From hotels to workplaces, the possibilities for hands-free access and seamless interactions are vast and exciting. If you are interested to learn more about UWB and differences between BLE and UWB see our other blog-post about our UWB Beacons and try Nearby Interactions API and our SDK building next-gen mobile apps.
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Ultra Wideband Technology: Market Growth and Future Opportunities
The global ultra wideband market size was estimated at USD 1.40 billion in 2023 and is expected to grow at a CAGR of 18.9% from 2024 to 2030. The market growth is attributed to several factors, such as increasing demand for precise location tracking and real-time data transmission in various industries such as healthcare, automotive, and consumer electronics. The proliferation of IoT devices and smart infrastructure projects is significantly boosting the adoption of ultra wideband (UWB) technology, as it offers superior accuracy and low power consumption compared to other wireless technologies. In addition, the rising trend of contactless payments and secure access systems is further propelling the market, with UWB being a preferred choice due to its enhanced security features.
UWB technology rapidly evolves and focuses on improving accuracy, range, and power efficiency. One significant trend is the miniaturization of UWB chips, enabling their integration into smaller devices such as wearables and IoT sensors. In addition, the convergence of UBW with other technologies is also gaining traction. For instance, combining UWB with Bluetooth Low Energy (BLE) enhances device discovery and pairing processes. Furthermore, integrating UWB with artificial intelligence (AI) and machine learning (ML) algorithms improves location prediction and context-aware services.
Ultra Wideband Market Segments Highlights
Based on the application, the market is segmented into Real-time Location System (RTLS), imaging, and communication. The RTLSsegment held the largest market share of 52.36% in 2023, driven by the increasing demand for precise indoor positioning across various industries
Based on the positioning system, the market is segmented into indoor and outdoor positioning systems. The indoor positioning system segment held the largest market share in 2023 and is expected to be the fastest-growing segment throughout the projection period.
Based on end-use, the market is segmented into residential, automotive & transportation, manufacturing, consumer electronics, and others. The consumer electronics segment dominated the market in 2023 and is predicted to grow significantly during the forecast period.
The automotive & transportation segment is emerging as the fastest-growing segment during the forecast period. This rapid growth is driven by the increasing demand for advanced driver assistance systems (ADAS), autonomous vehicles, and smart transportation infrastructure.
Global Ultra Wideband Market Report Segmentation
The report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global ultra wideband market report based on application, positioning system, end-use, and region:
Application Outlook (Revenue, USD Million, 2018 - 2030)
Real-time Location System (RTLS)
Imaging
Communication
Positioning System Outlook (Revenue, USD Million, 2018 - 2030)
Indoor Positioning System
Outdoor Positioning System
End Use Outlook (Revenue, USD Million, 2018 - 2030)
Residential
Automotive & Transportation
Manufacturing
Consumer Electronics
Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
US
Canada
Mexico
Europe
Germany
UK
France
Asia Pacific
China
India
Japan
South Korea
Australia
Latin America
Brazil
Middle East & Africa (MEA)
UAE
Kingdom of Saudi Arabia (KSA)
South Africa
Order a free sample PDF of the Ultra Wideband Market Intelligence Study, published by Grand View Research.
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Exploring the Growth of the Germany RTLS Market: Trends and Opportunities
The Real-Time Location System (RTLS) Market in Germany is experiencing significant growth, driven by the increasing demand for precise asset tracking and management solutions across various industries such as healthcare, and manufacturing. RTLS technology enables organizations to monitor the location of assets, people, and equipment in real-time, enhancing operational efficiency and safety. Germany manufactures high-quality diagnostic imaging equipment, precision medical and dental instruments, and optical devices. Therefore, with a vast number of healthcare facilities available, RTLS solutions have widely been accepted in Germany.
RTLS to Drive Manufacturing Excellence in Germany
Germany emphasizes the integration of advanced manufacturing and integrated information and communications technologies into manufacturing processes to allow real-time control of energy, productivity, and costs across factories and companies. Advanced manufacturing has provided the best export potential for industries such as machine tools/general industrial equipment, robotics, information and communication technology, process control instrumentation and electronics industry production equipment, additive manufacturing, and advanced materials for the next 5 to 10 years. This has attracted many manufacturing industries and companies towards RTLS solutions for tracking and monitoring applications. The market for RTLS in Germany is considered to be substantially growing as there are companies adopting RTLS technology rapidly.
Rising Adoption in Healthcare Industry
The healthcare sector is one of the primary drivers of RTLS adoption in Germany. Hospitals increasingly implement RTLS solutions to track medical equipment, patients, and staff. This capability improves patient care by ensuring timely interventions and enhances operational efficiency by reducing equipment search times. One of the primary drivers for RTLS adoption in German healthcare facilities is the need for efficient asset management. Hospitals often struggle with locating essential medical equipment such as infusion pumps, ultrasound machines, and portable monitors. According to a report from RFID Konsortium, nurses frequently waste valuable time searching for diagnostic tools, which detracts from patient care. For instance, a nurse may spend several minutes trying to locate a mobile ultrasound machine, time that could be better spent attending to patients. By implementing RTLS technology, hospitals can track these assets in real-time, significantly reducing search times and improving staff productivity.
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Impact of AI on RTLS Market in Germany
Artificial Intelligence (AI) is set to transform the RTLS market by enhancing data analysis capabilities and improving operational efficiency in German market. AI algorithms can analyze vast amounts of data generated by RTLS systems to identify patterns, predict maintenance needs, and optimize asset utilization. For instance, AI can help organizations anticipate equipment failures before they occur, reducing downtime and maintenance costs. Furthermore, AI-driven insights can enhance inventory management processes by providing real-time visibility into stock levels and locations, enabling organizations to make informed decisions rapidly.
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The increasing need to track and monitor assets and employees in real-time is anticipated to be opportunistic for the real-time location systems (RTLS)...
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RTLS: How Companies may Benefit from it?
Real-Time Location Systems (RTLS) have become indispensable for companies aiming to enhance efficiency, streamline operations, and reduce costs. Powered by IoT and Bluetooth technology, RTLS offers real-time visibility into the location and movement of assets, personnel, and equipment, delivering measurable value across industries.
What Is RTLS?
RTLS involves the use of tags, sensors, and gateways to track and manage the location of resources in real time. By leveraging IoT and Bluetooth Low Energy (BLE), RTLS solutions provide accurate location data that is processed and displayed through advanced software platforms. This technology has proven to be both scalable and cost-efficient, making it ideal for industries like manufacturing, logistics, and healthcare.
Key Benefits of RTLS
Operational EfficiencyRTLS enables businesses to optimize workflows by reducing the time spent searching for assets. For instance, in manufacturing, RTLS can track tools and raw materials, ensuring they are always available when needed. This minimizes downtime and accelerates production cycles.
Improved Inventory ManagementWith RTLS, companies can monitor stock levels in real time, avoiding overstocking or shortages. Retailers and warehouses benefit from automated inventory counts, reducing human error and operational costs.
Enhanced Safety and SecurityRTLS solutions enhance safety by tracking employees in hazardous environments, enabling rapid responses during emergencies. Additionally, they can secure valuable assets by detecting unauthorized movements.
Data-Driven InsightsRTLS provides actionable data on asset usage and movement patterns. This information helps businesses identify inefficiencies, optimize space utilization, and forecast maintenance needs, leading to better decision-making.
Cost SavingsAlthough RTLS implementation requires upfront investment, it delivers significant long-term savings. Companies experience reduced asset loss, lower labor costs, and improved productivity, resulting in a strong return on investment.
Real-World Applications
A leading automotive manufacturer used Bluetooth-enabled RTLS to track tools and components in its assembly line, reducing production errors by 30%. Similarly, a hospital deployed RTLS to locate medical equipment like wheelchairs and infusion pumps, cutting search times by 40% and improving patient care.
The Future of RTLS
As IoT technologies evolve, RTLS is expected to integrate with AI and predictive analytics, further enhancing its capabilities. Businesses that adopt RTLS are now positioning themselves to benefit from these advancements and stay competitive in a rapidly changing landscape.
Conclusion
RTLS powered by IoT and Bluetooth offers many benefits for companies, from operational efficiency to enhanced safety. By embracing this technology, businesses can not only optimize their current processes but also future-proof their operations for sustained success.
Learn more at our website blog: smartmakers.io
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Hospital Asset Management Market
Hospital Asset Management Market Size, Share, Trends: Stanley Healthcare Leads
Integration of Artificial Intelligence and Machine Learning in Hospital Asset Management Systems
Market Overview:
The Hospital Asset Management Market is projected to grow significantly, driven by increasing healthcare expenditure, the growing need for efficient asset tracking, and the rising adoption of IoT in healthcare. North America stands out as the dominant region, accounting for a substantial share of the global market. The market is expanding rapidly as healthcare facilities prioritize patient safety, operational efficiency, and cost reduction.
The integration of modern technologies such as AI and IoT into asset management solutions is altering the market environment. These advancements are primarily motivated by the need for predictive maintenance, optimal asset utilization, and better decision-making in healthcare facilities.
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Market Trends:
The hospital asset management market is rapidly shifting towards the integration of Artificial Intelligence (AI) and Machine Learning (ML) technology. This development is primarily motivated by the need for predictive maintenance, optimal asset utilization, and better decision-making in healthcare facilities. AI-powered asset management systems may use massive volumes of data to predict equipment failures, optimize inventory levels, and improve workflow operations.
Market Segmentation:
Real-Time Location Systems (RTLS) dominate the market, accounting for a significant share of the global market. This supremacy is due to the technology's capacity to enable precise, real-time tracking of assets, personnel, and patients within healthcare facilities. RTLS provides numerous benefits, including improved asset utilization, workflow efficiency, and patient safety. These qualities have contributed to its broad use in many hospital departments.
In the equipment management sector, RTLS installation has increased significantly in the last two years, driven by the technology's capacity to shorten search times for crucial medical equipment and optimize maintenance plans. The patient flow management application of RTLS has also acquired substantial traction, with adoption rates increasing year over year due to the technology's role in shortening wait times, improving bed management, and enhancing overall patient satisfaction. Recent advances in RTLS technology have focused on increasing accuracy and utility, further cementing its position as a leading segment in the hospital asset management market.
Market Key Players:
Prominent players in the hospital asset management market include Stanley Healthcare, Zebra Technologies Corporation, GE Healthcare, Centrak, Airista Flow, IBM Corporation, Sonitor Technologies, Midmark RTLS, Ekahau, Honeywell International Inc., Ascom, and Awarepoint Corporation. These companies are leading the market with their innovative approaches, extensive product portfolios, and robust distribution networks, continuously setting industry standards and driving market growth.
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Use of RTLS in Healthcare
Sneak Peek
Real-Time Location System (RTLS) technology has emerged as a game-changer in the healthcare industry, offering unprecedented visibility and tracking capabilities. By leveraging RTLS, healthcare institutions can streamline operations, enhance patient safety, optimize resource utilization and improve overall efficiency.
Let’s take a sneak peek into the various applications and benefits of RTLS in healthcare.
Asset Tracking and Management
One of the primary applications of RTLS in healthcare is asset tracking and management. Medical equipment, such as wheelchairs, infusion pumps and specialized devices, is essential for patient care but often prone to misplacement or theft. RTLS enables real-time tracking and monitoring of assets, allowing healthcare providers to locate equipment quickly, reduce downtime and optimize asset utilization. By eliminating the time wasted searching for equipment, staff can focus more on patient care, improving outcomes.
Patient Flow Optimization
RTLS plays a crucial role in optimizing patient flow within healthcare facilities. It enables the tracking of patients throughout their journey, from admission to discharge. By deploying RTLS tags on patient wristbands, healthcare providers can monitor the movement of patients, identify bottlenecks and streamline workflows. This real-time visibility allows staff to anticipate patient needs, allocate resources efficiently and reduce wait times. As a result, patients experience smoother transitions between different departments, enhancing their overall satisfaction.
Staff Safety and Security
Ensuring the safety and security of healthcare staff is of utmost importance. RTLS provides valuable tools to enhance staff safety within healthcare facilities. Panic buttons equipped with RTLS technology can be assigned to healthcare workers, allowing them to call for immediate assistance in emergencies or threatening situations. RTLS enables the real-time location tracking of staff members, ensuring a swift response during critical events. This feature is particularly crucial in high-stress environments like emergency departments or psychiatric wards, where the risk of violence or aggression is higher.
Infection Control
In healthcare settings, infection control is a top priority. RTLS can assist in maintaining a safe and hygienic environment by monitoring hand hygiene compliance and ensuring the proper use of personal protective equipment (PPE). RTLS-enabled hand hygiene systems can track and remind healthcare workers to sanitize their hands at designated hand hygiene stations, reducing the spread of infections. Additionally, RTLS can alert staff when they enter or leave restricted areas without wearing the required PPE, further minimizing the risk of cross-contamination.
Read More: https://eurohealthleaders.com/use-of-rtls-in-healthcare/
#RTLSinHealthcare#UseofRTLSinHealthcare#HealthcareMagazineEurope#EuropeanHealthInsights#HealthcareLeadershipArticles#EuropeanHealthcareMagazine
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Common Healthcare Communication Systems
Introduction
Effective communication systems in healthcare are crucial for ensuring patient safety, enhancing operational efficiency, and improving the overall quality of care. This article explores the common types of healthcare communication systems and their impact on the industry.
Electronic Health Record (EHR) Systems
Centralized Information: EHRs consolidate patient data, making it accessible across various departments. This streamlines diagnosis, treatment, and care coordination.
Interoperability: Modern EHRs integrate with lab systems, imaging tools, and other platforms, ensuring seamless data sharing among healthcare providers.
Patient Portals
Enhanced Patient Engagement: These platforms allow patients to access their medical records, book appointments, and communicate with providers, empowering them to take charge of their health.
Improved Efficiency: By reducing phone calls and administrative tasks, patient portals free up valuable time for healthcare staff.
Real-Time Location Systems (RTLS)
Asset Tracking: RTLS monitors equipment, ensuring availability during emergencies.
Patient Safety: These systems can track patients in real-time, preventing incidents such as wandering or falls.
Telemedicine Platforms
Remote Consultations: Telemedicine bridges the gap for patients in rural or underserved areas, offering access to specialists without the need for travel.
Improved Care Continuity: Regular virtual check-ins help manage chronic conditions and reduce hospital readmissions.
Secure Messaging Systems
HIPAA Compliance: Secure messaging platforms enable healthcare providers to exchange patient information safely.
Streamlined Communication: Instant messaging reduces delays, particularly in critical situations like emergencies.
Automated Reminder Systems
Appointment Management: Automated texts or calls remind patients of upcoming visits, reducing no-show rates.
Medication Adherence: These systems can also prompt patients to take prescribed medications on time.
Conclusion
Common healthcare communication systems are transforming the industry by improving collaboration, enhancing patient care, and boosting operational efficiency. As technology continues to evolve, adopting these systems is essential for staying competitive and meeting the demands of modern healthcare.
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