Healthcare Biometrics Market is driven by the demand for advanced medical devices
According to market research future (MRFR), the global healthcare biometrics market is expected to grow at the CAGR of 22.3% and acquire USD 5.6 billion by 2022. The global market for healthcare biometrics is growing rapidly over the forecast period, driven by the demand for advanced healthcare devices and diagnosis systems globally. The increasing awareness concerning the security and safety of the patient population, the growing application of biometrics devices in the healthcare sector and other healthcare data and rising healthcare infrastructure such as hospitals, clinics, and research centers are driving the market growth for healthcare biometrics devices over the review period.
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Healthcare Biometrics Market Studied By Top Key Players
Some of the key players identified in this market are 3M Cogent Inc., Fujitsu Limited, BioEnable Technologies, Crossmatch Technologies Inc., NEC Corporation, Bio-Key International, Inc., Morpho (A Subsidiary of Safran SA), Suprema, Inc., Integrated Biometrics, Imprivata Inc.
Healthcare Biometrics Market Segmental Analysis
Healthcare Biometrics market has been segmented based on technology , application, and end-users. The technologies used in the healthcare biometrics market comprises of fingerprint recognition, face recognition, vein recognition, iris recognition, behavioral recognition, palm geometry recognition, and others. These technologies are highly advanced and in major demand, depending on the application for which they are being adopted.
Based on the applications of healthcare biometrics, the market is segmented into patient identification, data security, medical record management, patient monitoring, and others. among these, the patient monitoring and medical record management have the highest demand owing to the seriousness of the data management of these applications.
On the basis of end-user, the global Healthcare Biometrics market is segmented into research laboratories, healthcare institutes, Hospitals, and others.
Healthcare Biometrics Market Regional Analysis
On the basis of region, the global Healthcare Biometrics market is segmented and analyzed in North America, the middle east and Africa, Europe, and the asia pacific.
Globally, the North American region of the global healthcare biometrics market accounts for the largest market share over the review period, mostly due to the well-established medical sector and the increasing demand for regulatory requests over the review period. Concurrently, some influential factors such as growing digital progressions in medical technology, wide uptake of healthcare biometrics in hospitals and clinics, coupled with the presence of the thriving healthcare insurance industry are driving the market growth in the region in the coming years. Also, the rising demand for user-friendly software and applications, coupled with the importance of microelectronic medical records is expected to contribute to market growth. The US region, driven by the advances in verification solutions, medical record management, patient identification, data security and, patient monitoring, is expected to grow as the major contributor towards the market growth in the region.
The European region is the second most lucrative market for healthcare biometrics leading at the second position. The healthcare biometrics market in Europe is driven by the increased demand for healthcare biometrics for data management solutions across the region. Indisputably, the surging economic growth in the region is a leading factor driving the regional market growth, along with the government initiatives towards increasing healthcare facilities. Also, the augmented funding in the increasing numbers of medical record management apprehensions, especially in the field of healthcare Insurance are fueling the growth of the healthcare biometrics market in the region.
The market for healthcare biometrics in the Asia Pacific region is fast developing as a promising market over the review period. The growing healthcare sector, along with the rapidly evolving biometric system models and advanced technologies outlines the market landscape in the region over the forecast period. Furthermore, rapidly enhancing economic conditions in developing counties such as India and China, along with the regional penetration of healthcare technology in these countries is providing favorable conditions towards the market growth. The healthcare biometrics market in the APAC is also expected to grow owing to the presence of a vast scope of growth opportunities for global market players.
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