According to the latest market research study by Technavio, the global location-based services (LBS) in the healthcare sector is expected to grow at a CAGR of close to 33% during the forecast period 2017 to 2021.
This report by Technavio provides an in-depth analysis of the global LBS in the healthcare sector in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the application
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Global LBS in healthcare sector by asset management: Asset management occupies the maximum share in the global LBS market in the healthcare industry. The segment is expected to witness a significant growth during the forecast period.
“The growth in the segment can be attributed to the rapid adoption of RFID in asset management to locate equipment. The equipment includes various gears used in health sectors such as hospital beds, wheelchairs, ventilators, sensitive equipment, oxygen cylinders, and infusion pumps,” says Ishmeet Kaur, a lead analyst at Technavio for research on enterprise application.
Global LBS in healthcare sector by staff management: LBS are used in hospitals to track staff and their productivity. Indoor LBS help track medical personnel, patients, as well as equipment through the received signal strength indicator (RSSI) associated with different devices. Indoor LBS is primarily used in hospitals to improve operational efficiency and reduce high cost in monitoring assets. Companies such as infsoft and Navizon provide LBS in hospitals to ensure operational effectiveness and process automation management.
Global LBS in healthcare sector by patient management: Patient management segment is expected to grow at a steady rate in the global LBS in the healthcare sector during the forecast period. RTLS (real-time location system) are used in hospitals to monitor patients’ health outside and inside the hospital and to ensure the safety of babies. LBS are used to protect new-born babies and infants in the hospital and maternity departments.
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The top vendors operating in the global LBS in the healthcare sector are:
- AiRISTA
- General Electric Company
- HPE
- ZIH
The other prominent vendors in the market include 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.
A more detailed analysis is available in the Technavio report titled, ‘Global LBS in the Healthcare Sector 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- LBS market in the US 2016-2020
- Enterprise Indoor Location-Based Services Market in the US 2016-2020
- Location-Based Search and Advertising Market in the US 2016-2020
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