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| Healthcare Biometrics Market Worth 2,848.3 Million USD by 2021 | ||
| By: PR Newswire Association LLC. - 30 May 2016 | Back to overview list |
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PUNE, India, May 30, 2016 /PRNewswire/ -- According to a new market research report "Healthcare Biometrics Market by Technology (Single-factor (Fingerprint, Face, Iris, Palm, Behavioral (Signature, Voice)), Multifactor, Multimodal), Application (Workforce Management), End User (Hospitals, Healthcare Institutions) - Global Forecast to 2021", published by MarketsandMarkets, the market is projected to reach USD 2,848.3 Million by 2021 from USD 1,182.6 Million by 2016, at a CAGR of 19.2% during the forecast period. (Logo: http://photos.prnewswire.com/prnh/20160303/792302 )
http://www.marketsandmarkets.com/Market-Reports/healthcare-biometrics-technology-market-608.html Early buyers will receive 10% customization on this report. The growth of this market is majorly driven by government initiatives to support the implementation of biometrics in healthcare facilities and increasing healthcare fraud & medical identity theft. On the other hand, the high cost of biometric devices and issues related to the use of biometric technologies are the major factors limiting the growth of the market. In this report, the Healthcare Biometrics Market is segmented on the basis of technology, application, end user, and region. Based on technology, the market is segmented into single-factor authentication, multi-factor authentication and multimodal authentication. The multi-factor authentication segment is expected to grow at the highest CAGR due to the demand for secure authentication platforms from developed countries and wider acceptance of multi-factor authentication among healthcare providers. By type, the single-factor authentication market is sub-segmented into contact biometrics and non-contact biometrics. In 2016, contact biometrics is expected to account for the largest share of the single-factor authentication market by type. However, the market for non-contact biometrics is expected to grow at the highest CAGR during the forecast period. The growth in this segment is attributed to the non-intrusive nature of non-contact biometrics (as it allows data to be captured even from a distance) and its speed of identification. The single-factor authentication market is further categorized by technology into face recognition, iris recognition, palm geometry recognition, fingerprint recognition, vein recognition, behavioral recognition, and other authentication technologies. Vein recognition is expected to grow at the highest CAGR during the forecast period due to its accuracy, fast recognition, and contactless. Speak To The Research Analyst: http://www.marketsandmarkets.com/speaktoanalyst.asp?id=608 Geographically, the Healthcare Biometrics Market is dominated by North America, followed by Europe. North American market is expected to grow at the highest CAGR of 20.2% during the forecast period. This growth can be attributed to increasing government initiatives to ensure data protection and the security of healthcare facilities and presence of large number of prominent players. Owing to this, biometric technologies are increasingly being adopted to comply with stringent laws such as HIPAA and HITECH. The Healthcare Biometrics Market is highly competitive. Prominent players in the market include NEC Corporation (Japan), Fujitsu Limited (Japan), 3M Cogent, Inc. (U.S.), Morpho (a subsidiary of Safran SA (France)), Imprivata, Inc. (U.S.), Suprema Inc. (South Korea), BIO-key International, Inc. (U.S.), Crossmatch Technologies, Inc. (U.S.), Lumidigm (a subsidiary of ASSA ABLOY Sweden)), and ZKteco, Inc. (China). Browse Related Reports: North American Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, mHealth, Telehealth, Healthcare analytics, Supply Chain Management, Revenue Cycle Management, CRM, Claims Management) by End User (Provider, Payer ) - Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/north-america-healthcare-it-market-1190.html Healthcare IT Market by Product (EHR, RIS, PACS, VNA, CPOE, mHealth, Telehealth, Healthcare analytics, Supply Chain Management, Revenue Cycle Management, CRM, Claims Management, Fraud Management) by End User (Provider, Payer ) - Global Forecast to 2020 http://www.marketsandmarkets.com/Market-Reports/healthcare-it-252.html About MarketsandMarkets: MarketsandMarkets is the world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to a multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. Contact: SOURCE MarketsandMarkets 
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