Guidehouse Insights Report Shows Global Revenue for Lighting-Based Real-Time Location Systems for the Healthcare Industry Is Expected to Reach $1B by 2030
Jan. 21, 2021 – Boulder, Colo. – 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.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. Headquartered in McLean, VA., the company has more than 8,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.