Global market for biometrics in healthcare set for big gains: report

January 8, 2014 - 

The global biometrics market in the healthcare industry is expected to grow at a CAGR of 31.95 percent between 2013 and 2018.

According to a new report available in the ReportsnReports.com library, one of the key factors contributing to this market growth is the high adoption of biometrics by hospital managements. At the same time, market has also been witnessing rapid technological advancement, but strong competition from inexpensive non-biometric technologies could post a challenge to growth, the report says.

The report, The Global Biometrics Market in the Healthcare Industry 2014-2018 published by Tech Navio, is now available from ReportsnReports, and joins the chorus of research findings suggesting increased adoption in the healthcare space.

Reported previously, a separate report from Transparency Market Research finds that the global healthcare biometrics market is expected to grow at a CAGR of 25.9% from 2013-2019, to reach $5.9 billion in 2019.

Another recent research report has found that people are beginning to trust some organizations – including healthcare – to use biometrics for identity verification.

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About Adam Vrankulj

Adam Vrankulj is an editor for BiometricUpdate.com. His background consists of online news writing, editing and content marketing. Adam has written for CBCNews.ca, BlogTO and was the editor and curator for the nextMEDIA and CIX Source publications. He has a degree in journalism and is passionate about science, technology and social innovation. Contact Adam, or follow him at @adamvrankulj