Global Location-Based Services (LBS) In The Healthcare Sector To Grow At A Impressive Cagr Of 32.78% During The Period 2017-2021

Summary

Orbis Research Presents Global LBS in the Healthcare Sector 2017-2021 has been prepared based on an in-depth market analysis with inputs from industry experts.

Description

Latest Trends And Development: Global LBS in the Healthcare Sector 2017-2021

The Following Companies As 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.

Commenting on the report, “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 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 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.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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