Global healthcare biometrics market to surpass $2.8B by 2022

July 20, 2017 - 

Market Research Engine released a new research report that forecasts that the global healthcare biometrics market will undergo a CAGR of 19.2 percent from 2016 to 2022 to exceed more than US$2.8B by 2022.

The research report details the driving factors of the global healthcare biometrics market as increased financial profits, providing a practical option to passwords, decreased healthcare fraud attacks, governments supporting the adoption of biometrics in healthcare, and developing countries being integrated by biometric solutions in healthcare set-ups.

On the other hand, the report states that the major restraining factors of the market are security and expediency tradeoff, storage space of biometric template, security of biometric data, the high cost of biometric devices, and problems regarding the use of biometric technologies.

The report segments the market into the categories of technology, application and regional. The technology segmentation includes signature recognition, fingerprint recognition, voice recognition, vein recognition, hand recognition, face recognition, iris recognition and other techniques.

The application segmentation contains logical access control, transaction authentication and physical access control.

Additionally, the market on geographic segmentation covers various regions including North America, Europe, Asia Pacific, Latin America, Middle East and Africa.

Each geographical market is further segmented to provide market revenue for select countries, including the U.S., Canada, U.K. Germany, China, Japan, India, Brazil, and GCC countries.

Finally, Market Research Engine analysts profile the key players of the market in the report, including Suprema Inc., Siemens AG, Safran SA, NEC Corporation, M2SYS LLC, ZKTeco Inc., Lumidigm Inc., Fujitsu Ltd., Digital Persona Inc., Cross Match Technologies Inc., Aware Inc., and 3M Cogent Inc. amongst others.

In May, Biometrics Research Group Inc., the publisher of BiometricUpdate.com, released a report forecasting that biometrics will continue to drive technological transformation within the global healthcare market.

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About Justin Lee

Justin Lee has been a contributor with Biometric Update since 2014. Previously, he was a staff writer for web hosting magazine and website, theWHIR. For more than a decade, Justin has written for various publications on issues relating to technology, arts and culture, and entertainment. Follow him on Twitter @BiometricJustin.