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), 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). Increasing product launches are expected 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. Increasing initiatives such as fund raising and acquisitions by key players are expected to drive 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"

To know the latest trends and insights related to global healthcare biometrics market, click the link below: https://www.coherentmarketinsights.com/market-insight/healthcare-biometrics-market-155

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.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us: