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Global Location-based Services Market in the Healthcare Industry 2016-2020

  • Published: Jul 2016
  • Pages: 78
  • SKU: IRTNTR8578
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This market study segments the global LBS market in the healthcare industry by usage (indoor and outdoor), by product (services and equipments, solutions, and applications), by technology (RTLS and GPS/AGPS), by application (asset management, staff management, and patient management), by type of RTLS technology (RFID, UWB, and Wi-Fi), and by geography (APAC, EMEA, Latin America, and North America). The top vendors are AeroScout, Awarepoint, Ekahau, GE, HP, and Zebra Technologies.

Overview of the global location-based services (LBS) market in the healthcare industry

Technavio’s market research analyst predicts the global location-based services (LBS) market in the healthcare industry to grow at a CAGR of approximately 32% during the forecast period. The rising need to locate and track people as well as equipment will foster the adoption of LBS in the healthcare industry. Recently, it has been observed that a large number of hospitals are deploying real-time location systems (RTLS) tags to enhance operations and profitability. These tags facilitate asset management and the location of equipment like hospital beds, wheelchairs, ventilators, oxygen cylinders, and infusion pumps quickly. Moreover, the ability of RTLS tags to monitor sensitive equipment, patients that require special attention, and hospital staff will result in its augmented adoption during the forecast period.

The rapid adoption of Wi-Fi and WLAN networks in hospitals is a critical factor that will drive market growth during the forecast period. With the growing adoption of radio frequency identification (RFID) bands, the deployment of LANs, WLANs, and Wi-Fi in hospitals will also increase. Wi-Fi enabled RTLS are used to track the location of various assets inside the hospital campus. As a result, many hospitals are also developing indoor applications based on the hospital floor map to offer location-based services that help to track patients, staff, and equipment.

Usage-based segmentation of the LBS market in the healthcare industry

  • Indoor LBS
  • Outdoor LBS

In this market study, analysts have estimated the indoor LBS segment to account for a market value of more than USD 4000 million by 2020. The prospects for growth in this market segment will be driven by the augmented adoption of LBS for indoor asset tracking. The ability of indoor LBS to enhance efficiency and track sensitive medical vaccines and drugs will result in its increased adoption during the estimated period.

Segmentation by application and analysis of the LBS market in the healthcare industry

  • Asset management
  • Staff management
  • Patient management

This segmentation analysis identifies the asset management segment to be the highest market revenue generating segment during the predicted period. Significant growth in this market segment can be attributed to the rapid utilization of RFID to locate equipment like hospital beds, wheelchairs, ventilators, sensitive equipment, oxygen cylinders, and infusion pumps. The global LBS market in the healthcare industry by asset management will grow at a CAGR of more than 35% until 2020.

Competitive landscape and key vendors

The competitive environment of this market is expected to intensify with an increase in R&D innovations and M&A activities. The market is also likely to witness a growing trend of local acquisitions by the leading players. Many IT solution providers are also expected to enter this market by acquiring some of the existing leading players. This is mainly attributed to the increasing demand for innovative technology solutions and the maturity of Wi-Fi and UWB technology-based RTLS solutions.

Leading vendors in the market include -

  • AeroScout
  • Awarepoint
  • Ekahau
  • GE
  • HP
  • Zebra Technologies

Other prominent vendors in the market include Axcess International, Awarepoint, Centrak, Cisco Networks, Elpas (Tyco Security Products), IBM, Infor Global, Navizon, Plus Location Systems, Radianse(Airponte ), RF Technologies, Siemens Healthcare, Sonitor Technologies, ThingMagic (Trimble Navigation), Teletracking Technologies, and Versus Technology.

Key questions answered in the report

  • What will the market size and the growth rate be in 2020?
  • What are the key factors driving the global LBS market in the healthcare industry?
  • What are the key market trends impacting the growth of the LBS market in the healthcare industry?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the vendors in the global LBS market in the healthcare industry?
  • What are the trending factors influencing the market shares of North America, EMEA, APAC, and Latin America?
  • What are the key outcomes of the five forces analysis of the global LBS market in the healthcare industry?

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Table of Contents

PART 01: Executive summary

  • Highlights

PART 02: Scope of the report

  • Market overview
  • Top-vendor offerings

PART 03: Market research methodology

  • Research methodology
  • Economic indicators

PART 04: Introduction

  • Key market highlights

PART 05: Market landscape

  • Market overview
  • Market size and forecast
  • Five forces analysis

PART 06: Market segmentation by usage

  • Global LBS market in healthcare industry by usage
  • Global indoor LBS market in healthcare industry
  • Global outdoor LBS market in healthcare industry

PART 07: Market segmentation by product

  • Global LBS market in healthcare industry by product
  • Global LBS market in healthcare industry by services
  • Global LBS market in healthcare industry by equipment, solutions, and applications

PART 08: Market segmentation by technology

  • Global LBS market in healthcare industry by technology
  • Global LBS market in healthcare industry by RTLS
  • Global LBS market in healthcare industry by GPS/AGPS

PART 09: Market segmentation by types of RTLS technology

  • Global LBS market in healthcare industry by types of RTLS technology
  • Global LBS market in healthcare industry by RFID
  • Global LBS market in healthcare industry by UWB
  • Global LBS market in healthcare industry by Wi-Fi

PART 10: Market segmentation  by application

  • Global LBS market in healthcare industry by application
  • Global LBS market in healthcare industry by asset management
  • Global LBS market in healthcare industry by staff management
  • Global LBS market in healthcare industry by patient management

PART 11: Geographical segmentation

  • Global LBS market in healthcare industry by geographical segmentation
  • LBS market in healthcare industry in North America
  • LBS market in healthcare industry in EMEA
  • LBS market in healthcare industry in APAC
  • LBS market in healthcare industry in Latin America

PART 12: Market drivers

PART 13: Impact of drivers

PART 14: Market challenges

PART 15: Impact of drivers and challenges

PART 16: Market trends

PART 17: Vendor landscape

  • Competitive scenario
  • AeroScout
  • Awarepoint
  • Ekahau
  • GE Healthcare
  • HP
  • Zebra
  • Other prominent vendors

PART 18: Appendix

  • List of abbreviations

PART 19: Explore Technavio

 

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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