Healthcare Biometrics Market Overview
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.
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 size is expected to evaluate at USD 5.6 BN by 2022, registering a whopping CAGR of 22.3% during the forecast period (2016 – 2022).
Implementing these emerging technologies makes it easier for hospitals, practices, payers and other healthcare assets 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.
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.
Healthcare Biometrics Market Segments
MRFR has segmented its analysis into four key dynamics for enhanced understanding.
- By Technologies : Face Recognition, Fingerprint Recognition, Vein Recognition, Behavioral Recognition, Iris Recognition, voice recognition biometrics 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.
Healthcare Biometrics Market Players
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, MA activities, and innovations are continually seeking market expansion.
They increasingly invest in RD 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 Key Players:
Some of the eminent leaders of the market include 3M Cogent Inc., Fujitsu Limited, BioEnable Technologies, Morpho (A Subsidiary of Safran SA), NEC Corporation, Bio-Key International, Inc., Crossmatch Technologies Inc., Suprema, Inc., Integrated Biometrics, and Imprivata Inc.
among others are some key companies in the global Healthcare Biometrics Market that are listed by MRFR for market research.
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. Simultaneously, some factors such as increasing digital advancements in medical technology, extensive uptake of healthcare biometrics in hospitals, along with the presence of the proliferating healthcare insurance industry are propelling the market growth in the region.
Also, demand for user-friendly software along with the importance of electronic medical records contributes to the market growth. 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.
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