Global Healthcare Biometrics Market – Trends and Forecast to 2024

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Global Healthcare Biometrics MarketIndustry
Trends and Forecast to 2024
Global Healthcare Biometrics Market has accounted
to market revenue of USD 1.4 billion in 2016, and
is expected to reach USD 6.3 billion by 2024,
growing at a CAGR of 20.1 in the forecast period
2017 to 2024. Definition The biometric is an
essential bit of tool in towards world of cyber
and data threats and is used across all
industries such as mobile technology, security,
banking, government, defence, healthcare among
others. According to the Identity Theft Resource
Center, in 2014 about 45 of all data breaches
regarding identity thefts were of healthcare.
Biometric plays a pivotal role in todays
healthcare system, it enables the proper
functioning and security of healthcare IT
processes. Biometric solutions is used to prevent
free access by identify and recognizing an
individuals unique traits such as face, palm
fingerprint, DNA, voice among others.
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Major Market Drivers and Restraints
The Global Healthcare Biometrics Market has shown
its success by proper maintenance and security of
medical records and healthcare providers. The
market is driven the government initiatives to
stop cyber hacking and protect medical records
from prying eyes. The increasing number of
security breaches and cyber hacks has led to
government making biometric access to healthcare
records and provider facilities mandatory. The
factors expected to drive the market in near
future is the increasing scope of contactless
biometrics and integration of biometrics to
healthcare IT solutions.
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Market Segmentation

• Based on product type, the healthcare biometrics
  market into single factor authentication, two
  factor authentication and multi factor
  authentication. Single factor authentication
  dominates the market with more than 70 of the
  market however two factor authentications is
  expected to grow with the highest CAGR 23.4 in
  the forecast period 2016 to 2024. 
• Based on applications, the healthcare biometrics
  market is segmented into healthcare record
  security, patient tracking, remote patient
  monitoring, workforce management and, others.

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Regional Analysis

• Based on geography, the market is segmented into
• North America
• Europe
• Asia-Pacific
• South America
• Middle East and Africa.
• The geographical regions are further segmented
  into 24 major countries such as U.S. Canada,
  Mexico, Germany, France, U.K., Belgium,
  Switzerland, Belgium, Turkey, Japan, China,
  Singapore, Brazil, India, Russia, South Africa
  and others.

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Major Key Players

• Major players in the Global Healthcare Biometrics
  Market are
• PalmSecure Biolock
• PalmSecure ID Match
• PalmSecure TrueIdentity
• NEC Corporation
• 3M Cogent, Inc.
• Safran S.A.
• Crossmatch Technologies, Inc.
• Impravata, Inc.

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