Global Healthcare Biometrics Market Trends, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global healthcare biometrics market in its upcoming report titled, “Global Healthcare Biometrics Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global healthcare biometrics market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global healthcare biometrics market report has been segmented on the basis of technology, end user, and region.

Request Covid - 19 Impact

Healthcare biometrics are used in hospital, clinics to monitor patient health. Biometrics in healthcare provides improvements to risk management programs by ensuring the accurate patient identification and provision of access to the users. It secures patient information and thus reduces the cases of frauds. Biometric based identity management provides various advantages as they are more reliable, efficient, faster and cheaper as compared to the manual systems.

Rising cases of healthcare fraud & medical identity theft is expected to drive the global healthcare biometrics market over the forecast period. Manufacturers focusing on development of advance product technology which in turn provides more security is expected to boost the market growth over the forecast period. Furthermore, government initiatives to support the implementation of biometrics in healthcare facilities is expected to further drive the growth of global healthcare biometrics market over the forecast period. Healthcare biometrics offering various benefits over traditional identification methods is expected to propel the market growth over the forecast period.

However, high cost of biometric devices is a major restraining the growth factor of global healthcare biometrics market over the forecast period.

Technological advancements and innovations focusing on development of highly secure technology at reasonable cost is expected to create new opportunities for major players in the global healthcare biometrics market over the forecast period.

North America market dominates the global healthcare biometrics market in terms of revenue contribution as compared to that of markets in other regions. This is attributed to the well-developed infrastructure and rising number of fraud cases owing to due to various system insufficiencies in the region. Europe accounts for second-largest revenue share contribution to the global healthcare biometrics market, followed by markets in the Asia Pacific, Latin America, and the Middle East & Africa respectively. The market in the Asia Pacific is projected to register comparatively faster growth in terms of revenue over the next 10 years. This is attributed to the rising government support and developing healthcare IT industry in the region.

Global Healthcare Biometrics Market Segmentation:

Global healthcare biometrics market segmentation, by technology:

• Face recognition
• Iris recognition
• Hand recognition
• Fingerprint recognition
• Vein recognition
• Behavioural Recognition
  • Voice Recognition
  • Signature Recognition
• Others

Global healthcare biometrics market segmentation, by end user:

• Hospitals & Clinics
• Healthcare institutions
• Research & Clinical laboratories

 Global healthcare biometrics market segmentation, by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa