Global Revenue for Lighting-Based Real-Time Location Systems for the Healthcare Industry Is Expected to Reach $1B by 2030
Systems can improve operational efficiencies through asset tracking, management, and occupant experience for staff and patients within healthcare settings
A new report from Guidehouse Insights examines the global market for lighting-based real-time location systems (RTLS) for healthcare. The report provides global market forecasts, segmented by region, offering type, and construction type, through 2030.
Lighting-based RTLS are gaining traction, with the healthcare industry being one sector of focus where the need to improve operational efficiencies has been further exacerbated by the COVID-19 pandemic. These systems, which are expected to experience strong growth despite the coronavirus, can assist with facility security, asset tracking and management, and an enhanced occupant and staff experience. Click to tweet: According to a new report from @WeAreGHInsights, global revenue for lighting-based RTLS for the healthcare industry is expected grow at a compound annual growth rate (CAGR) of 29.6% from $77.8 million in 2020 to $1.0 billion by 2030.
“Technologies such as RTLS advance intelligent buildings toward a fully connected system that can change how the built environment is viewed,” says Krystal Maxwell, senior research analyst with Guidehouse Insights. “RTLS use in-place lighting infrastructure and provide power to sensors, eliminating the need for batteries that require replacing, and providing granular building data that enables greater insight into healthcare facilities.”
According the report, North America and Europe are driving the market forward. Both regions have an increased interest in improving operational efficiencies through asset tracking, management, and occupant experience for both the staff and patients within a healthcare setting. They also have the desire to maintain safety and security. Such factors, coupled with technological advancements, seed potential for the currently nascent market for lighting-based RTLS.
The report, Lighting-Based Real-Time Location Systems for Healthcare, examines the global market for lighting-based RTLS for healthcare. The study covers the current state of the market; drivers and barriers for adoption; technology issues through hardware, software, and service offerings; and key market players. Global market forecasts for lighting-based RTLS for healthcare, segmented by region, offering type, and construction type extend through 2030. In addition, the report offers a set of best practices for utilities and their vendor partners. An executive summary of the report is available for free download on the Guidehouse Insights website.
*The information contained in this press release concerning the report, Lighting-Based Real-Time Location Systems for Healthcare, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.