Healthcare Biometrics Market Is Booming Worldwide | Top key Players Like 3M Cogent Inc, Bayometric, BIO-key International Inc, Crossmatch Technologies Inc, Fujitsu Limited, Imprivata Inc

Market Analysis 

Protection and safety of patients is an important goal for every hospital, small or big. Healthcare resources are scarce and are needed to be protected from robbery. These resources are vital for the patients as well as the healthcare provider. Hence, security systems plays an important role in the healthcare sector.

The global healthcare biometrics market is likely to touch USD 5.6 billion at a whopping 22.3% CAGR between 2019- 2025, according to the recent report by Market Research Future (MRFR). Healthcare biometrics are various forms of biometric applications that are used in clinics and hospitals for monitoring the health of patients. Owing to its alluring features and key benefits, healthcare biometrics are widely used for data security, medical record management, patient monitoring, patient identification, and others in healthcare institutes, research laboratories, hospitals, and others. Biometrics in the healthcare sector is used for capturing biometric data inputs such as palm geometry recognition, iris recognition, behavioral recognition, vein recognition, fingerprint recognition, face recognition, and others. 

Numerous factors are propelling the global healthcare biometrics market growth. Such factors, according to the new MRFR report, include increasing medical identity theft and healthcare fraud, rising initiatives by the government to implement biometrics in healthcare facilities, growing consumer awareness, availability of different security systems, and need for infants’ security in hospitals. Additional factors adding to the healthcare biometrics market growth include growing patient pool, improving quality of care offered in the hospital, rising focus on the security and wellness of patients, and growing demand for security systems. 

Market Segmentation

The MRFR report provides an inclusive segmental analysis of the global healthcare biometrics market report based on technology, application, and end user. 

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By technology, the global healthcare biometrics market is segmented into palm geometry recognition, iris recognition, behavioral recognition, vein recognition, fingerprint recognition, face recognition, and others. Of these, the iris recognition segment will lead the market over the forecast period. 

By application, the global healthcare biometrics market is segmented into data security, medical record management, patient monitoring, patient identification, and others. 

By end user, the global healthcare biometrics market is segmented into healthcare institutes, research laboratories, hospitals, and others. Of these, healthcare institutes will dominate the market over the forecast period. 

Regional Analysis 

Based on the region, the healthcare biometrics market report covers the growth opportunities & latest trends across Europe the Americas, the Asia Pacific (APAC), & the Middle East & Africa (MEA). Among these, the Americas is likely to dominate the healthcare biometrics market over the forecast period for the increasing number of crimes and frauds in the healthcare domain.

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The healthcare biometrics market in the APAC region is predicted to grow at a fast pace over the forecast period for the increasing lapses in database security, the new government led schemes, digital patient monitoring system, increasing healthcare IT development, the emergence of IoT applications, and rising government support. 

The healthcare biometrics market in Europe is predicted to have healthy growth over the forecast period while that in the MEA is predicted to have a limited yet steady growth over the forecast period. 

Key Players 

Leading players profiled in the healthcare biometrics market report include ZKteco Inc. (China), Tyco Integrated Security (U.S.), Suprema Inc. (South Korea), NEC Corporation (Japan), Morpho (a subsidiary of Safran SA (France), Integrated Biometrics (U.S.), Imprivata Inc. (U.S.), Fujitsu Limited (Japan), Crossmatch Technologies Inc. (U.S.), BIO-key International Inc. (U.S.), Bayometric (U.S.), and 3M Cogent Inc. (U.S.). Industry players have encompassed multiple strategies such as mergers, collaborations, acquisitions, joint ventures, strategic alliances, contracts, partnerships, extensive R&D, geographic expansions, and product launches to create a niche in the market. 

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