Healthcare Biometric Market Worth $14.5 Billion By 2025

The global healthcare biometric market is expected to reach USD 14.5 billion by 2025, according to a new report by Grand View Research, Inc. The migration of health system and hospitals to Electronic Health Records (EHR) and computerized physician order entry is expected to propel the demand for healthcare biometrics over the forecast period.

As more Healthcare Information Exchanges (HIE) are built across the network to coordinate care, the demand for technologies to combat data corruption and unauthorized access is expected to increase, thereby contributing to the market growth of healthcare biometrics during the forecast period.

Implementation of biometrics is expected to increase the security for patients, doctors, and nurses. The HIPPA has imposed stringent new regulations to safeguard confidentiality and privacy of patient information. These regulations are also expected to drive the deployment of biometrics in healthcare system, thereby contributing to the market growth over the forecast period.

Improvements in the existing technologies and the development of multipurpose authentication devices are expected to facilitate commercialization of advanced products. As a result, adoption of these devices is expected to escalate in the healthcare space in the near future.

The rise of consumerism in healthcare and increase in disposable income in emerging countries is also expected to boost the adoption of new technologies such as biometrics by health system, thereby propelling the market growth healthcare biometrics market during the forecast period.

Access Research Report of Healthcare Biometric Market@ www.grandviewresearch.com/industry-analysis/biometrics-in-healthcare-market

Further key findings from the report suggest:

·       The global face recognition technology market is anticipated to reach over 2.0 billion by 2025, at a CAGR of 23.0% from 2017 to 2025

·       In terms of technology, others segment which includes DNA analysis, retina analysis, and ECG analysis is expected to show the fastest growth during the forecast period

·       In terms of technology, iris recognition is also expected to show lucrative growth owing to its uniqueness as compared to other technologies

·       North America is expected to dominate the healthcare biometric market during the forecast period

·       Asia pacific is expected to show the fastest growth in healthcare biometric market over the forecast period

·       The market is partially consolidated and competitive in nature, with presence of global multinational players

·       Some of the key companies present in the market include NEC Corporation, Fujitsu, 3M, MorphoTrust, Imprivata, Inc., Suprema, BIO-key International, Crossmatch, Hitachi Ltd., Integrated Biometrics, Genkey Solutions B.V., Agnitio, Nuance Communications, Inc., and Qualcomm Technologies, Inc.

Grand View Research has segmented the global healthcare biometric market on the basis of technology and region:

Technology Type Outlook (Revenue, USD Million, 2014 - 2025)

·         Face Recognition

·         Fingerprint Recognition

·         Iris Recognition

·         Vein Recognition

·         Palm Geometry Recognition

·         Behavioral Recognition

·         Others

Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    UK

o    Germany

·         Asia Pacific

o    Japan

o    China

·         Latin America

o    Brazil

o    Mexico

·         MEA

o    South Africa

o    Saudi Arabia

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Internet of Things in Healthcare Market is Anticipated To Generate Significant Revenues by 2025

The global IoT in healthcare market size is projected to reach USD 534.3 billion by 2025 expanding at a CAGR 19.9% over the forecast period, according to a new report by Grand View Research, Inc. Rise in investments for the implementation of IoT solutions in healthcare sector is one of the key factors driving the market. Increasing penetration of connected devices in various healthcare institutes and adoption of IoT systems and software solutions in healthcare operational activities are also among the key factors augmenting the market growth.

Growing preference for real-time data monitoring among the healthcare practitioners to manage chronic diseases is expected to propel the demand for IoT network in healthcare institutions. Combinations of remote monitoring, mobile platforms, and analytics have cut the rate of readmissions of patients suffering from congestive heart failure, diabetes, and blood pressure. Furthermore, advancements in communication technologies, such as real-time data transmission, has positively impacted the patients in manage chronic diseases and medication dosage, which has further fostered the market growth.

For instance, connected wheelchairs allow people with disabilities to communicate health alerts to care teams and engage with care providers. Growing number of IoT platform installations for better and early diagnosis and disease tracking is also contributing to the market development. Furthermore, rising demand for digital technologies for managing diseases, such as insomnia, diabetes, autism, heart disease, and asthma, is also poised to spur the market growth.

Access Research Report of Internet of Things in Healthcare Market@ https://www.grandviewresearch.com/industry-analysis/internet-of-things-iot-healthcare-market

Further key findings from the study suggest:

·       In 2018, services held the largest revenue share owing to the high demand for improved decision-making in real-time and uninterrupted data flow between devices and people to uplift the efficiency of medical systems

·       Hospitals and clinics held the largest revenue share in 2018 due to increased investments by hospitals to encourage the usage of digital technologies

·       North America is expected to be the largest market owing to growing adoption of healthcare IT solutions and availability of sophisticated infrastructure in the region

·       Asia pacific expected to witness the fastest CAGR over the forecast period owing to growing investments by the pharmaceuticals & medical devices companies and increasing adoption of advanced technologies

·       Key companies operating in this market include Koninklijke Philips N.V., Drägerwerk AG & Co. KGaA, Biotronik, and Boston Scientific

Grand View Research has segmented the global IoT in healthcare market on the basis of component, connectivity technology, end use, application, and region:

IoT in Healthcare Component Outlook (Revenue, USD Million, 2014 - 2025)

·         Medical Devices

o    Wearable External Devices

o    Implanted Medical Devices

o    Stationary Medical Devices

·         System and Software

o    Remote Device Management

o    Network Bandwidth Management

o    Data Analytics

o    Application Security

o    Network Security

·         Services

o    System Integration Services

o    Consulting, Training, and Education

o    Support and Maintenance Services

IoT in Healthcare Connectivity Technology Outlook (Revenue, USD Million, 2014 - 2025)

·         Wi-Fi

·         Bluetooth Low Energy

·         ZigBee

·         Near Field Communication (NFC)

·         Cellular

·         Satellite

IoT in Healthcare End Use Outlook (Revenue, USD Million, 2014 - 2025)

·         Clinical Research Organizations

·         Hospitals and Clinics

·         Research and Diagnostic Laboratories

·         Others

IoT in Healthcare Application Outlook (Revenue, USD Million, 2014 - 2025)

·         Telemedicine

·         Medication Management

·         Clinical Operations

·         Inpatient Monitoring

·         Connected Imaging

·         Others

IoT in Healthcare Regional Outlook (Revenue, USD Million, 2014 - 2025)

·         North America

o    U.S.

o    Canada

·         Europe

o    Germany

o    U.K.

o    France

o    Russia

o    Italy

o    Spain

o    Netherlands

o    Sweden

·         Asia Pacific

o    Japan

o    China

o    India

o    Australia

o    Singapore

o    South Korea

·         Latin America

o    Brazil

o    Mexico

o    Argentina

·         Middle East & Africa

o    South Africa

o    Saudi Arabia

o    UAE

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

Industrial Robotics Market to Account for USD 41.23 Billion by 2020

The global industrial robotics market size is anticipated to reach USD 41.23 billion by 2020, according to a new report by Grand View Research, Inc., expanding at a CAGR of 7.0% during the forecast period. Rapid expansion of the automotive industry worldwide and growing adoption of robotics in the non-automotive industry including food & beverage, chemicals, rubber & plastics, and electronics/electrical are stoking the growth of the market.

Companies implementing industrial robots are increasingly realizing substantial financial benefits, which is leading to a surge in installation of robots in contemporary manufacturing plants. Integration of robots with production processes help boost productivity, minimizes overheads, offers a high degree of flexibility, increases quality, and reduces waste to a large extent as compared to outcome of manual labor, which consequently propels the market.

Industrial robots have been responsible for the formation of a new ecosystem characterized by lucrative, rewarding, and high-paying jobs. Venture capitalists have opened up to funding companies designing and manufacturing industrial robots. Advancements in artificial intelligence and development of sophisticated sensors are projected to augment the development of self-programming robots.

Access Research Report of Industrial Robotics Market @ https://www.grandviewresearch.com/industry-analysis/industrial-robotics-market

Further Key Findings from the Report Suggest:

·       By 2020, the automotive segment is expected to account for the largest revenue share of approximately 40.0%, which can be attributed to the fact that robots play a vital role in the assembly of vehicles

·       The metal/heavy machinery segment was valued at nearly USD 3.0 billion in 2016. Robots are extensively used in the sector on account of high degree of precision demanded coupled with difficult nature of tasks involved

·       With a revenue of close to USD 16 million in 2016, the Asia Pacific region dominated the industry. Japan and South Korea are expected to continue being dominant country markets in the region

·       Robot industries in Asian countries such as China, Korea, and Taiwan are supported by their respective governments through programs addressing R&D funding, tax incentives, loans, and investment in skills

·       Some of the key players in the industrial robotics market are ABB; Omron Adept Technologies, Inc.; Mitsubishi Electric Corporation; YRG, Inc.; Toshiba Machine Co., Ltd.; and Panasonic Corporation.

Grand View Research has segmented the global industrial robotics market report into application and region.

Industrial Robotics Application Outlook (Revenue, USD Million, 2014 - 2020)

·         Automotive

·         Electrical/Electronics

·         Metal/Heavy Machinery

·         Chemical, Rubber, & Plastics

·         Food

·         Others

Industrial Robotics Regional Outlook (Revenue, USD Million, 2014 - 2020)

·         North America

o    U.S.

o    Canada

o    Mexico

·         Europe

o    Germany

o    Italy

o    Spain

o    U.K.

o    France

·         Asia Pacific

o    China

o    Japan

o    Korea

o    Taiwan

·         Rest of World

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.