The Global Healthcare Biometrics Market Report by MRFR stretches out accurate and descriptive details through the range of years 2018-2022. This Industry report comprises interior and outside exploration and bits of comprehension of Healthcare Biometrics Market.
Healthcare Biometrics after garnering huge prominence in banking, insurance, and public security sector, are all set to revalorize healthcare sector. Healthcare (HC) officials can leverage some unique approaches using the biometrics techniques such as facial recognition solutions, fingerprint scanners, palm vein readers, and iris scanners among others, in combination with their smartphones.
Implementing these emerging technologies makes it easier for hospitals, practices, payers and other healthcare organizations to recognize individual patients and match an individual’s medical data which holds considerable promise. As a result, healthcare biometrics (HB) market is growing pervasively and rapidly.
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Global Healthcare Biometrics Market – Leading Key Players
3M Cogent Inc.
Morpho (A Subsidiary of Safran SA)
Bio-Key International, Inc.
Crossmatch Technologies Inc.
Suprema, Inc., Integrated Biometrics
Global Healthcare Biometrics Market – Growth and Analysis
Recognizing the potential this market holds to grow further, Market Research Future (MRFR) in its recently published study report asserts that the global healthcare biometrics market is expected to evaluate at USD 5.6 BN by 2022, registering a whopping CAGR of 22.3% during the forecast period (2016 – 2022).
Factors such as spreading awareness about HB technologies and their increasing applications across the healthcare sector along with the proliferating HC insurance market is driving the market of biometrics in healthcare.
Additional factors substantiating the market growth include the growing population, and extensive penetration of healthcare facilities, worldwide. Rapidly improving economic conditions are positively impacting the market growth, availing quality care and insurance facilities, across the globe.
Although biometric technologies have long held promise leveraging, identification of patients and employees, these have been slow to catch on in healthcare.
Global Healthcare Biometrics Market – Regional Analysis
Globally the North American region accounts for the largest market for healthcare biometrics mainly due to the well-established healthcare sector and the augmenting demand for regulatory requests.
The US backed with the developments in authentication solutions, patient identification, medical record management, patient monitoring, and data security, majorly supports the market growth in the region.
The European region is another lucrative market for healthcare biometrics standing at the second position. The market is heading with the augmenting demand for HB across the region.
The healthcare biometrics market in the Asia Pacific region is rapidly emerging as a promising market. Burgeoning healthcare sector along with the rapidly developing biometric models and technologies defines the market landscape in the region.
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Global Healthcare Biometrics Market – Competitive Landscape
Highly competitive Healthcare Biometrics market appears to be fragmented owing to the presence of several big & small market players along with new entrants churning the competition.
Key players are adopting the strategic trends for business expansion in the emerging markets. Key market players are focusing on optimized situational awareness for customers, ensuring their mission success.
Matured players, through various strategies such as collaboration, M&A activities, and innovations are continually seeking market expansion.
They increasingly invest in R&D activities and to develop cost-effective product portfolio. These players possess state of the art facilities to develop software and strong sales and distribution network which have helped them to gain the leadership position in the market.
Marketers operating in the Clinical Practice Management industry are focusing on inbound lead generation more than ever. Industry’s marketing executives look for ROI-oriented strategies that can pay off quickly.
Healthcare Biometrics Market – Segment
By Technologies : Face Recognition, Fingerprint Recognition, Vein Recognition, Behavioral Recognition, Iris Recognition, and Palm Geometry Recognition among others.
By Applications : Patient Identification, Patient Monitoring, Medical Record Management, Data Security, and others.
By End-users : Hospitals, Research Laboratories, and Healthcare Institutes among others.
By Regions : Europe, North America, APAC and the Rest-of-the-World.
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