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RTLS for healthcare Market worth $5.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

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CHICAGO, July 29, 2024 /PRNewswire/ — The global healthcare RTLS market size is expected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a CAGR of 19.6% during the forecast period according to a new report by MarketsandMarkets™. Since ultra-wideband and Bluetooth low energy made a mark recently and are expected to grow exponentially during the forecast period. Hence, companies are involved in developing the best innovative products to lead the marketplace. Fast-paced startups offer a number of innovative solutions based on new RTLS technologies such as UWB, BLE, ZigBee, and RuBee.

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Browse in-depth TOC on “RTLS for healthcare Market”

170 – Tables
60 – Figures
230 – Pages

RTLS for healthcare Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 2.3 billion

Estimated Value by 2029

$ 5.7 billion

Growth Rate

Poised to grow at a CAGR of 19.6%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Hardware, Technology, Application, Facility Type, Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Trade-off issue in RTLS solutions designing

Key Market Opportunities

Growing need for efficient operations and optimum utilization of existing resources

Key Market Drivers

Rising adoption of UWB technology-based RTLS solutions due to accuracy

The market for hardware segment is expected to gain a largest market share during the forecast period.

RTLS solutions comprise hardware components, including the tags or badges attached to an asset or a person for tracking purposes. RTLS badges, tags, and sensory networks are developed to perform in the background and help send locations of equipment, people, and staff accurately and automatically. These tags, periodically, send information back to readers or trackers. A reader communicates with a tag and picks up and processes the signals from the tag, which are then passed on to the middleware—an application software platform that analyzes and correlates this data to provide the real-time exact location.

Wi-Fi segment is expected to hold a substantial market share during the forecast period.

Wi-Fi is one of the most widely used wireless technologies in the RTLS market for healthcare because of its high compatibility, ease of installation, and easy availability. One of the reasons Wi-Fi location systems face wide acceptance is that, in most of the cases, already installed Wi-Fi access points can be used without incurring any additional hardware costs. by Using this approach, either Wi-Fi tags or simply smart devices with internal Wi-Fi radios send signals to all Wi-Fi access points within a range, or vice-versa. Several positioning indicators can be used to calculate the distance from access points depending on the number of access points available. Many players are offering RTLS solutions based on Wi-Fi technology. For instance, AiRISTA (US) offers various asset tags such as 1- button asset tag, 2-button asset tag, and personnel or patient tag, which works on Wi-Fi technology. For instance, 1-button asset tag offered by the company is ideally suited for tracking assets in harsh or outdoor environments using your existing Wi-Fi network.

The environmental monitoring segment is to grow at an impressive CAGR during the forecast period.

Environmental monitoring within healthcare facilities is a critical requirement that touches patient safety, inventory stock care, and quality of care. There is a paramount need to monitor environmental conditions in various parts that include intensive care facilities, storage locations, blood storage, and many others within the hospitals. Monitoring the environment manually is time-consuming, and any inefficiency can result in difficulty in meeting compliance requirements and ensuring optimal storage conditions. RTLS solutions here can be of great help as they can be used for monitoring the environmental conditions of rooms and storage areas such as refrigerators and freezers.

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Asia Pacific is expected to hold a significant market share of the RTLS industry for healthcare during the forecast period.

The Asia Pacific region has been identified as one of the future key potential markets for RTLS in healthcare, while this regional market is projected to grow at the highest CAGR during the forecast period. Developments in the healthcare sector are being witnessed in Asia Pacific as a number of healthcare facilities start adopting newer technology-based products for better performance and automation of certain processes. Japan is the region’s early adopter of RTLS, and has been registering the impressive growth in the healthcare RTLS market. Now, countries such as South Korea, China, and Australia are estimated to turn out as high-growth markets for RTLS in healthcare.

Key Players

The key players in the RTLS for healthcare companies include Securitas Healthcare LLC (US), Zebra Technologies Corp. (US), HPE Aruba Networking (US), Impinj, Inc. (US), and TeleTracking Technologies, Inc. (US) and others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

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STEM Exploration Day Ignite Girls Passion for Careers in STEM

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Professional women with careers in science, technology, engineering and math make a world of difference in inspiring young girls to show them they can achieve anyything they want to with hard work and believing n themselves.

INDIANAPOLIS, Sept. 29, 2024 /PRNewswire-PRWeb/ — The Children’s Museum of Indianapolis is proud to help ignite a passion in science, technology, engineering and mathematics (STEM) for girls of all ages. The STEM Exploration Day took place on Saturday, September 28, 2024 with professional women sharing their experience and advice.

There’s something about a robot that can feed into that interest in science, technology, engineering and math. Touch sensors, buttons and sonar show them how to control different actions and that’s fascinating.

Young girls met with women in various STEM professions including coding, physics, astronomy, robotics and engineering just to name a few. Hands-on activities and demonstrations served as great learning opportunities as visitors received special giveaways.

Programs & Activities – Thank you to all participating groups that provided hands-on activities and helped guide STEM career explorations. They included:

Eli Lilly and Company Visiting Scientist Dr. Carlotta Berry
Dr. Berry is an accomplished electrical engineer specializing in controls and robotics. She advocates for the demystification of STEM through innovative strategies, including robot hip-hop slam poetry. She is a professor and endowed department chair at Rose-Hulman Institute of Technology. She’s also an author, researcher, mentor, role model, prolific speaker, and a STEM trailblazer. Dr. Berry engaged visitors in hands-on exploration with robots. You can hear more from her here: https://youtu.be/16smIuetR_w

Indiana Visiting Artist Emily Bennett
If your first thought of “sculpture” is a gleaming marble bust from ancient Greece, just wait until you see the work of Terre Haute artist Emily Bennett! She redefines what sculpture can be, weaving colorful fibers onto metal structures to create bold, vibrant pieces. The results are what she calls “imaginary dreamscapes” that you can hang on the wall or set on a shelf. As programming coordinator for the Community School of the Arts at Indiana State University, Bennett relishes helping people uncover their artistic abilities.

Women in Lilly Discovery and Development (WiLDD) with Eli Lilly and Company (families created their own binary bracelets and lava lamps).

80 Acres Farms

Franklin Pest Solutions

Indiana State Police Crime Laboratory (visitors examined various pieces of evidence with forensic experts to learn how they solve crimes).

Society of Women Engineers (girls explored mechanical engineering and learned how to make their own catapults). UIndy Human Identification Center (families received an interesting introduction to forensic anthropology, learned about radiographs and studied casts of bones from various animals to learn about the different ages and stages of life).

City of Indianapolis—Department of Public Works, Engineering (shared a storm drain model to demonstrate how families can protect stormwater).

IU Astronomy Department (families learned how the same elements that make up our bodies are also present in galaxies billions of light years away and examined the patterns of Hydrogen, Helium, Oxygen and Neon and made bracelets with the same patterns as these elements).

IU Intelligent Systems Engineering (featured robotics and electronics).

IEEE Women in Engineering (helped visitors explore various sensors).

Sycamore School (more than two dozen activities revolving around mechanics, electricity, sound, optics and air pressure made up the activities).

American Council of Engineering Companies (ACEC) (provided a bridge building simulation).

The Gurl Code (provided binary bracelets, 3D Pens, Ozobots and MakeyMakey).

DNA Discovery in Corteva Agriscience STEMLab (families were able to extract real DNA from plant cells, discovered where DNA can be found in nature and learned about how scientists discovered the structure of DNA).

STEM Exploration Day is presented Lilly Girls & Young Women In STEM and supported by Indiana Soybean Alliance.

About The Children’s Museum of Indianapolis
We ignite joy, wonder and curiosity by creating powerful learning experiences for children and adults. For more information about The Children’s Museum, visit http://www.childrensmuseum.org and follow us on social media @childrensmuseum.

Media Contact

Kimberly Harms, The Children’s Museum of Indianapolis, 317-334-4003, kimh@childrensmuseum.org, www.childrensmuseum.org

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SOURCE The Children’s Museum of Indianapolis

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NECA to Unveil EV Charging Resource Network at NECA 2024 San Diego

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SAN DIEGO, Sept. 29, 2024 /PRNewswire/ — The National Electrical Contractors Association (NECA) today announced the unveiling of its EV Charging Resource Network at NECA 2024 San Diego. Developed in collaboration with Fuser LLC, this platform aims to empower NECA members to capitalize on the rapidly growing EV charging market.

NECA’s new online hub will provide charging news, information and industry networking opportunities.

“We see a critical need to unify the professional community around Electric Vehicle Service Equipment (EVSE),” said Marco Giamberardino, NECA’s Senior Vice President of Government and Public Affairs. “As EV adoption accelerates, we have to ensure our infrastructure keeps pace. This Resource Network will play a crucial role in connecting skilled electrical professionals with the growing demands of the industry.”

Pete Mastrorocco, NECA’s Senior Vice President of Education, Events and Partnerships, expects the Resource Network to represent NECA’s ongoing commitment to boosting member engagement in lucrative new markets. “EVSE represents a significant opportunity for our members,” said Mastrorocco. “NECA’s Resource Network will be an invaluable tool, helping contractors connect with experienced peers, share knowledge and capitalize on the industry’s rapid growth.”

Key features of NECA’s EV Charging Resource Network will include:

Training resourcesComprehensive EVSE news and informationRegular updates on National Electric Vehicle Infrastructure (NEVI) and Charging and Fueling Infrastructure (CFI) funding opportunitiesCurated links to state and utility grants and rebatesSpecial opportunities for NECA members

The Resource Network also provides access to Fuser, the open marketplace and networking platform devoted to EVSE.

Fuser LLC executive Pat McGinnis has expressed hope to build a stronger, more responsive industry by working with NECA to bring together all EVSE stakeholders. “These initiatives will streamline the service and installation process, create new business opportunities, and support widespread adoption of electric vehicles,” commented McGinnis. “Fuser is working with NECA to integrate their platform and is currently offering an exclusive 4-month free trial of their open marketplace to all NECA members.”

For convention details, visit necaconvention.org.

To explore NECA’s EV Charging Resource Network, visit www.necaev.org.

About NECA

NECA is the voice of the $240 billion electrical construction industry that brings power, light, and communication technology to buildings and communities across North America. NECA’s national office and 118 local chapters advance the industry through advocacy, education, research, and standards development. Go to www.necanet.org for more information. 

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SOURCE National Electrical Contractors Assoc Inc.

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CNBM holds promotional conference in Riyadh

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RIYADH, Saudi Arabia, Sept. 29, 2024 /PRNewswire/ — A Report From GLOBAL TIMES ONLINE: 

China National Building Material Group (CNBM) held a promotional conference in Riyadh, capital of Saudi Arabia on Sept. 25.

The event was joint by over 120 guests from the Chinese Embassy in Saudi Arabia, the government of Saudi Arabia, 35 of the group’s global partners, eight investment organizations as well as renowned media outlets.

Chairman of CNBM Zhou Yuxian delivered a keynote speech at the event, stressing the solid foundation and future prospects of CNBM’s cooperation with Saudi Arabia. He said CNBM is committed to promoting international industrial cooperation, and is ready to contribute its wisdom, plans and strength to the development of Saudi Arabia.

Mosleh H. Alemrani, General Manager for Non-Metallic Minerals Development, Ministry of industry & Mineral Resources of Saudi Arabia, remarked that the government of Saudi Arabia supports green development and will promote carbon reduction and the use of new energy in the cement industry.

Mohammed A. Al-Garni, Board Member & CEO of Saudi Cement Company, reviewed the company’s cooperation with CNBM and reiterated the company’s willingness to promote mutually beneficial cooperation between the two sides.

Mohammad N. A-Mulhim, Vice President of Aramco Asia noted that Aramco and CNBM see huge potential of cooperation in advanced non-metal materials, low-carbon construction materials and energy storage solutions. The framework agreement of cooperation signed by the two sides this time marked their continued cooperation and signaled their willingness to keep sharing opportunities, he added.

During the event, the guests jointly inaugurated Sinoma Technical Service Center (KSA), which aims to improve the service capabilities of CNBM in the Middle East. The service center will provide CNBM’s clients in the Middle East with professional equipment, processing, repairment and maintenance, technical upgradation as well as training services.

The promotional conference built a closer bond between CNBM and various sectors in Saudi Arabia, and laid a solid foundation for promoting the synergy between China’s Belt and Road Initiative and Saudi Arabia’s Vision 2030. CNBM looks forward to joining hands with more partners to jointly advance sustainable development.

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