Growth of LBS Market in the US in the Healthcare Industry is Driven by Increased Use of RTLS Solutions to Improve Work Efficiency

Albany, NY (PRWEB) February 27, 2015

According to the report, the market is expected to grow at an impressive CAGR of 33.61% during the period from 2015 to 2019. The publication provides a comprehensive market analysis and refined growth forecast of the LBS market, segmented on the basis of technologies, applications, and usages. The report also encompasses all the major sub-segments of the LBS market in the US healthcare industry and provides detailed qualitative and quantitative insights on each of these segments and sub categories.

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LBS, or Location Based Service, is programmed to track the location of users within a specific wireless network using location-enabled mobile devices. It uses the internet and GIS technology to obtain information on the present location of the users and provide appropriate results when a user enters a search term. If one wishes to track indoor locations, they can access LBS either on RTLS technology or Wi-Fi. This system is widely used across hospitals in the United States for asset management, indoor navigation, tracking staff, location based messaging, and location analytics. The system, according to the report, has helped several hospitals in the United States to improve employees’ work efficiency and productivity.

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Market Segmentation on the Basis of Usage, Applications, and Technology

In order to present a clear picture of the ongoing market trends, the report has segmented the LBS market in the US in the Healthcare industry into application, usage, and technology. In terms of usage, the LBS market can be segmented into Outdoor LBS and Indoor Lob. The market can be categorized into GPS/AGPS and RTLS on the basis of technology. While in terms of application, the market for LBS in the healthcare industry of the US can be divided into Patient Management, Asset Management, Staff Management, and others.

Growth Drivers and Market Restraints as Highlighted in the Report

A study on market restraints and growth drivers is included in the report to present an in-depth analysis and accurate growth forecasts of the LBS market in the US in the healthcare industry. According to the report, increased use of RTLS solution to improve efficiency and reduce expenditure will drive the US market for LBS in the healthcare sector. However, studies indicate that privacy and secrecy issues related to the installation of LBS system might slow down its average growth rate. Nonetheless, increasing use of wearable devices is likely to spur growth in the LBS market in the US in healthcare industry.

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Key Vendors

The report is a comprehensive document on the US LBS market in the healthcare industry. It profiles leading companies such as Hewlett-Packard Enterprise Services, AeroScout (Stanley Healthcare Solutions), Intelligent Insites, Trimble Navigation, GE Healthcare, IBM, Awarepoint, Cisco Networks, Sonitor Technologies, Ekahau, Plus Location Systems, Zebra Technologies, and others to analyze the key demand and supply trends influencing the market.

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