LBS in the Healthcare Sector Market to Grow at CAGR of 32.78 %: Strengths, Weaknesses of the Global Key Players, Analysis and Forecast 2017-2021

LBS in the Healthcare Sector market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the LBS in the Healthcare Sector market (drivers, opportunities, industry specific challenges, and other critical issues) along with the LBS in the Healthcare Sector market size of various segments.

LBS is provided through location-enabled mobile devices. This software application uses real-time data to track the geographical location of the mobile user through geographic information system technology and the Internet. It provides information relevant to a user at any location, which can be related to knowledge, entertainment, or security.

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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, LBS in the Healthcare Sector market projected to grow at a CAGR of 32.78% during the period 2017-2021.

LBS in the Healthcare Sector Market Drivers, Challenges and Trends: –

Market Driver: – 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.

Market Challenge: – 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.

Market trend: – 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

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Market segmentation by location, Market segmentation by category, Market segmentation by technologyMarket segmentation by application; Geographic Segmentation: – Americas, APAC, EMEA

To calculate the LBS in the Healthcare Sector 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 The report covers the market landscape and its growth prospects over the coming years.  Further it converses about key vendors operating in LBS in the Healthcare Sector market like AiRISTA, General Electric Company, HPE, ZIH, Awarepoint and many more.

Some of the Exhibits included in LBS in the Healthcare Sector Market report: –

Exhibit 01: Differences between indoor and outdoor LBS

Exhibit 02: LBS value chain

Exhibit 03: RTLS technologies

Exhibit 04: Comparison of RTLS technologies

Exhibit 05: Comparison of active and passive RFID

 

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With geographic breakdown of the LBS in the Healthcare Sector market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.