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Global LBS Market in the Healthcare Industry 2014-2018

C&M: Global industry for LBD to be driven by increasing requirement of real-time location-based people tracking in hospitals


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2014-03-18 08:37:02 - Global LBS Market in the Healthcare Industry 2014-2018 - a new market research report on companiesandmarkets.com

The Global LBS market in the Healthcare industry is to grow at a CAGR of 29.36 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing requirement of real-time location-based people tracking in hospitals. The Global LBS market in the Healthcare industry has also been witnessing the increasing use of LBS in hospital garment management. However, the lack of reliability and accuracy of navigation information could pose a challenge to the growth of this market.

Hospitals face a lot of challenges in the management of hospital garments such as operating gowns, robes, trousers, and patient clothing. This is because it is difficult to track the movement of garments from staff members to the

 

 

laundry, then to the storage cabinets and back to the wards again. Since there are various types of garment being used in hospitals, the chances of misplacement or loss are high. Moreover, the time required to trace the garments is very high and can cause a lag in workflow processes. Hence, RFID-based LBS applications are used to track several garments. In addition, during emergencies, the tracking of garments reduces the buffer time taken by hospital staff to handle emergency situations. Thus, the increasing usage of LBS in hospital management is an emerging trend in the market.

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