Healthcare Biometrics Market to Reach US$ 17.9 Billion by 2032, owing to the Increasing number of Healthcare Fraud; Healthcare Biometrics Market to Record an 18.1% CAGR through 2032. The demand for healthcare biometrics is likely to rise as the number of healthcare frauds is rising all around the globe and the advancement of new technology brings the security awareness related to the data stolen, inventory loss, and other frauds.
The healthcare biometrics market size is likely to rise due to the number of end-user’s industries adopting the healthcare biometrics devices, including hospitals, clinics, healthcare institutions, research, clinic laboratories, etc. The US market is estimated to dominate the healthcare biometrics market share due to increasing fraud and developing healthcare infrastructure, which is likely to increase the adoption of healthcare biometrics.
The healthcare biometrics applications are monitoring various scans on the patient, including fingerprint, thumbprint, palm print, face, and others. In which the fingerprint is one of the common prints used in the documentation, identification of data, and other legal activities. These factors are supposed to rise the healthcare biometrics market opportunities in the forecast period from 2022 to 2032 all around the regions.
The sales of healthcare biometrics are likely to rise on the international market in developing countries to secure the patient’s health and data. The manufacturing companies are playing a key contributing role in the healthcare biometric market growth.
The healthcare institution segment is anticipated to dominate the healthcare biometrics market growth with a CAGR of 17.2% during the forecast period from 2022 to 2032. The number of healthcare is provided by the healthcare institution, which supposes to enlarge the adoption of healthcare biometrics in the coming year.
Key Takeaways:
Based on technology, the multi-factor authentication segment is likely to dominate the healthcare biometrics market share with a CAGR of 5.8% during the forecast period 2022 to 2032.
Based on end users, healthcare institutions are anticipated to lead the healthcare biometrics market size in the forecast period 2022 to 2032.
The US holds a prominent role in the healthcare biometrics market trends due to the well-establish healthcare infrastructure in the country.
By 2032, the healthcare biometrics market share is anticipated to rise to the valuation of US$ 17.9 Billion with a CAGR of 18.1%.
Competitive Landscape:
Several key competitors are generating huge revenue as per the healthcare biometrics market survey by taking on various methods such as collaborating, partnership merges and others. The key driving companies are using all these things to carry out maximum growth in the healthcare biometrics market future trends.
Some of the key companies are as follows:
These are NEC Corporation, Fujitsu Limited, 3M Cogent, Inc., Morpho, Imprivata, Inc., Suprema Inc., and others. All these leading companies are looking to expand the healthcare biometrics market in the forecast period from 2022 to 2032.
Segments:
By Technology:
Single-factor Authentication
Multi-factor Authentication
Signature Recognition
Voice Recognition
Other Behavioral Recognition
Multi-factor Recognition
Biometrics with PIN
Two-factor Biometrics
Three-factor Biometrics
By Application:
Patient Identification & Tracking
Medical Record Security & Data Center Security
Care Provider Authentication
Home/Remote Patient Monitoring
Pharmacy Dispensing
Others
By End User:
Hospitals & Clinics
Healthcare Institutions
Research & Clinical Laboratories
Respiratory Distress Syndrome
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