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 .