Global Healthcare Biometrics Market was valued at US$ 3,137.04 million in 2019 and is projected to exhibit a CAGR of 22.4% over the forecast period (2019 – 2027).
Healthcare biometrics help hospitals and other healthcare facilities to track their patients. Biometrics allow them to verify patient identity before granting access to medical records. In addition, biometric systems will help hospitals and healthcare institutions to reduce medical fraud and improve the security of medical records. These two aspects will continue to drive the industry in the coming years. While the benefits of biometrics are substantial, there are a number of other factors that will drive its growth.
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Growing product launches are projected to contribute to the global healthcare biometric market growth. For instance, in September 2018, Fujitsu America launched a cloud-based Biometrics-as-a-Service (BIOaaS) solution which allows organizations to address increasingly complex data security risks. In March 2018, Fujitsu America launched the MedClick Platform, a cloud-based platform that improves engagement between healthcare providers and patients. MedClick application is secured by Biometrics-as-a-Service (BIOaaS) platform. The MedClick Platform is cleared by the U.S. FDA, and it offers a number of benefits including assistance to hospitals and other medical institutions, delivering intuitive and stress-free care to patients, and it is proven to be time-saving for healthcare institutions.
Moreover, growing initiatives such as fund raising and acquisitions by key players are projected to augment growth of the global healthcare biometric market. For instance, in June 2018, Valencell, a U.S-based developer of wearable biometric sensor technology, raised US$ 10.5 million through Series E financing, which was led by Sonion with participation from existing investors including TDF Ventures, GII LLC, and WSJ Joshua Fund. Valencell plans to use the funds to accelerate investments in its highly accurate biometric sensor technology and expand sales growth.
Browse 35 Market Data Tables and 36 Figures spread through 160 Pages and in-depth TOC on “Global Healthcare Biometrics Market, by Application (Logical Access Control, Transaction Authentication, and Physical Access Control), by Technology (Face Recognition, Iris Recognition, Hand Recognition, Voice Recognition, Fingerprint Recognition, Vein Recognition, and Signature Recognition), by End-user (Hospitals, Clinics, Clinical Laboratories, and Healthcare Institutions), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Global Forecast to 2027”
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Moreover, in April 2015, Imprivata, an IT security company, acquired HT Systems, a provider of palm vein-based biometric patient identification systems. With this acquisition, the company acquired HT Systems’ patient secure biometric patient identification technology to offer healthcare IT security solutions which improve patient safety.
Key Takeaways of the Global Healthcare Biometrics Market:
- The global healthcare biometrics market is expected to exhibit a CAGR of 22.4% over the forecast period (2019–2027), owing to increasing product launches of healthcare biometric systems
- Among application type, the logical access control segment is expected to account for a major revenue share by 2027. Logical access control is a major application for biometric identification, authentication, accountability and authorization protocols.
- Major players operating in the global healthcare biometrics market include BIO-key International, Fujitsu Limited., 3M Cogent, Inc., MorphoTrust, Imprivata, Inc., Crossmatch Technologies, Inc., Toshiba Medical System Corporation, NEC Corporation, Hitachi Ltd., Integrated Biometrics, and Qualcomm Technologies, Inc.
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Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Application
- Market Snippet, By Technology
- Market Snippet, By End-user
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Market Trends
- Emerging Technologies
- Recent Product Approvals/Launches
- Mergers and Acquisitions
- PEST Analysis
- Market Dynamics
- Global Healthcare Biometrics Market, By Application, 2019 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Logical Access Control
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Transaction Authentication
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Physical Access Control
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Healthcare Biometrics Market, By Technology, 2019 – 2027, (US$ Million
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Face Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Iris Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Hand Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Voice Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Fingerprint Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Vein Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Signature Recognition
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Global Healthcare Biometrics Market, By End-user, 2019 – 2027, (US$ Million)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Clinical Laboratories
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Healthcare Institutions
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
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