Healthcare Biometrics Market : What will be the market size in 2021 and what will be the growth rate?

Global Healthcare Biometrics Market, By Product Type (Single Factor Recognition (Fingerprint, Face, Palm, Others), Two factor Recognition, Multi Factor Recognition), By Application (Healthcare Record Security, Patient Tracking, Remote Patient Monitoring, Workforce Management, Others), By End User (Healthcare Providers, Healthcare Organizations, Research & Academic Institutes), By Geography (North America, Europe, Asia Pacific, South America, Rest of the World) – 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 2016 to 202. The new market report contains data for historic years 2014 & 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Healthcare Biometrics Market – Market Segmentation:

The Healthcare Biometrics Market is segmented on the basis of product type, end-user, distribution channel and geography.

The biometric market is segmented based on product type 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. In 2015, the healthcare record security application dominates the market accounting to USD 297.6 million, and is expected to grow at a highest CAGR of 27.2% in the forecast period. The growth of this segment is owing to the increasing acceptance of Electronic Health Record (EHR) solutions in the healthcare IT landscape.

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Based on geography, the market is segmented into five geographical regions:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East and Africa

The geographical regions are further segmented into 29 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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Some of the major players operating in this market are

  1. NEC Corporation
  2. 3M Cogent, Inc.
  3. Safran S.A.
  4. Crossmatch Technologies, Inc.
  5. Impravata, Inc.
  6. Suprema, Inc.
  7. Lumidigm
  8. ZKteco
  9. Digital Persona
  10. Bioconnect
  11. Thales S.A.
  12. Fulcrum biometrics
  13. M2SYS, LLC

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