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.
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.
Technological innovations by leading firms, with an 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.
North America along with the Middle East and Africa/MEA, Europe and Asia Pacific/APAC are the primary markets for healthcare biometrics.
North America is presently the market leader and can gain further impetus over the coming years. The chief factors cited for the market growth include the alarming spike in the number of fraudulent activities and cybercrimes, which has prompted an increase in the use of advanced biometrics.
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The expanding number of new and smart healthcare establishments like clinics and hospitals, especially across Canada and the United States can also be an important growth enhancer in the North American market. Face recognition, in particular the 3D type, is one of the most preferred biometric systems in the region, given that it could be utilized in darkness as efficiently as in light and is able to identify objects at several angles.
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.
Technology, application and end-users are the top segments on the basis of which the overall market has been dissected in the MRFR study.
The Healthcare Biometrics market, depending on the technology segment, has been considered for fingerprint recognition, face recognition, behavioral recognition, vein recognition, palm geometry recognition, iris recognition, and more.
Data security, medical record management, patient identification, patient monitoring, and others are the key applications of healthcare biometrics.
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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.
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