London, 11 February 2015 – Growing use of RTLS solutions for improving efficiency and reducing costs has resulted in the unprecedented growth of the LBS Market in the Healthcare Industry in the US, leading to a CAGR of 33.61 percent through 2019, says research firm TechNavio.
Most hospitals in the US are implementing real-time location system (RTLS) solutions for asset management, to keep track of equipment like hospital beds, wheelchairs, ventilators, oxygen cylinders and infusion pumps.
“RTLS not only helps monitor employees and orsganize hospital management systems, but also improves efficiency and reduces costs,” says Faisal Ghaus, Vice President of TechNavio.
The latest report by TechNavio emphasizes the growing use of wearable devices for real-time performance monitoring (RPM). A high percentage of the aging population in the US is suffering from mental or chronic disorders, but are unable to visit hospitals frequently. This makes wearable devices a feasible solution for reducing cost, travel time and hospital visits for both patients and staff.
“Wearable devices like activity trackers, smartwatches and health monitors can track the activities of doctors, staff and patients, thereby leading to high market growth of the LBS Market in the US Healthcare sector during the forecast period.”
TechNavio currently has more than 3000 market research reports on a huge range of topics, including:
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