Market Scope
Market Research Future (MRFR) confirms that the healthcare biometrics market 2020 can mushroom to a size of USD 5.6 billion by 2022-end. MRFR adds that the global market can expect to procure a growth rate of 22.3% between 2019 and 2022 (evaluation period). We will provide COVID-19 impact analysis with the report, along with all the extensive key developments in the market post the coronavirus disease outbreak.
Key Boosters and Deterrents
The uptake of biometrics in the healthcare industry to authenticate the staff and patients has snowballed notable in recent years. The COVID-19 outbreak has made people cautious about touching card readers, keypads, and devices that facilitate identity authentication; a favorable aspect for the market. Technologies, such as facial and iris recognition are observing even more demand following the onset of SARS-CoV-2, in line of the increasing use of online healthcare services due to the worldwide lockdown. These contactless biometric systems are preferred as they help prevent the spread of diseases such as the novel coronavirus and more. Considering these favorable aspects, it is safe to assume that the healthcare biometrics market can observe a healthy growth in the years ahead, with COVID-19 emerging as an unexpected opportunity.
Technological innovations by leading firms, with increasing focus on multipurpose authentication devices as well as upgradation of older technologies along with new product launches are anticipated to induce substantial market growth in the ensuing years. A case in point, in August 2020, WITHmyDOC, a Floridian healthcare tech firm launched RPM@Home, which is a RPM/remote patient monitoring kit. This kit makes use of an advanced intelligence platform to administer patients and then send out real-time biometric information to the healthcare professionals.
Regional Outlook
The healthcare biometrics market in Europe is quite lucrative, given the consistent growth in digitization of the healthcare industry and the consequent surge in data breach cases observed over the years. Taking into account the rise in these malicious activities and the need to control them, governments are coming up with new legislations that help deal with data-related security challenges in the healthcare industry. As a result, the regional market is receiving the much required boost, in terms of growth.
The APAC is on the way to attract the highest growth pace in the global market, as a result of the strong government support and the expanding IoT application scope in the healthcare sector. The rapid healthcare IT advancements combined with the increasing uptake of advanced digital patient monitoring systems has also added to the market attractiveness. Government backed schemes and the growing concerns with regard to the mounting issues in database security are also projected to benefit the APAC market over the review period.
Renowned Companies
Some of the most renowned companies across the worldwide market include Morpho (A Subsidiary of Safran SA), BioEnable Technologies, Bio-Key International Inc., Integrated Biometrics, Fujitsu Limited, Imprivata Inc., 3M Cogent Inc., NEC Corporation, Suprema Inc., Crossmatch Technologies Inc., to name a few.
https://www.marketresearchfuture.com/reports/healthcare-biometrics-market-2450