LBS Market in Healthcare Sector Five Forces Analysis and Forecast Report to 2021

ReportsnReports.com adds new research report Global LBS Market in Healthcare Sector 2017-2021, this report covers the present scenario and the growth prospects of the global location-based services (LBS) in the healthcare sector for 2017-2021. To calculate the market size, the report considers the annual sales of LBS devices, LBS applications, and software, and digital maps used in the healthcare sector to calculate the market size for the period 2017-2021. The report also considers the revenue generated from personal navigation assistants used for fitness purposes and in-dash location-based devices used by healthcare professionals and patients. The report provides the market segmentation based on location, technology, product category, application, and geography.

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Global Location-Based Services (LBS) in the Healthcare Sector 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The following companies are the key players in the global location-based services (LBS) in the healthcare sector: AiRISTA, General Electric Company, HPE, and ZIH. Other Prominent Vendors in the market are: Awarepoint, Axcess International, CenTrak, Cisco, Decawave, Emanate Wireless, IBM, Infor, Navizon, PLUS Location Systems, Radianse, RF Technologies, Siemens Healthcare, Sonitor Technologies, STANLEY Healthcare, TeleTracking Technologies, ThingMagic, and Versus Technology.

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Commenting on the location-based services (LBS) in the healthcare sector report, an analyst said: “The latest trend gaining momentum in the market is growing popularity of LBM. In the healthcare domain, right communication between patient and doctor and patient and caretaker is the key factor. Poor communication between hospital staff and patients leads to patient delays, and sometimes it becomes critical and leads to patient death when proper communication does not happen on time.”

According to the location-based services (LBS) in the healthcare sector report, one of the major drivers for this market is rapid adoption of beacon and location-based technology. Hospitals are deploying beacons that provide a viable solution to address information gaps and shortcomings in the healthcare industry. Beacon is a low-cost device that is used in hospital rooms and galleries to ensure effective communication with nearby RTLS tags. Healthcare providers, as well as patients, can easily retrieve real-time information in real-time using beacons while connecting to a larger network of information and services.

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Further, the location-based services (LBS) in the healthcare sector report states that one of the major factors hindering the growth of this market is high cost of implementation. Despite numerous advantages, RTLS also brings challenges to its users. Implementation of RTLS is expensive because of its high initial deployment cost, which will compel manufacturers to opt for low-cost technologies such as barcode system. The cost of RTLS includes expenses involved in planning and design, cabling, software licenses, and location hardware such as signposts and readers.

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