Healthcare Biometrics Market Rising at 20.1% CAGR Due to Surging Security Breaches

Surging ratio of data theft and cybercrimes occurring in the world has exposed the healthcare IT solutions and industry towards the risk of loss. Owing to the vulnerability of damage the biometrics market is following subtle rate of growth in the healthcare industries, which is expected to bring in the commercial growth and business of USD 6.30 billion in the forecasted period of 2017 to 2024.

Dimensionless chances of risk and multiple industries wide-open to the threats and level of security breach has added thrust in the market growth at the rate of 20.1% yearly for the anticipated time window of 2017 to 2024. The on-going technological advancements and boosting government initiatives is catering a strategic business growth to the healthcare biometrics market across the globe.

Healthcare Biometrics Market Scenario

According to Data Bridge Market Research the market for healthcare biometrics is booming with the rising expenditure in the healthcare solutions and promising ventures taken by biometric devices manufacturers. The demands of mass industries witnessing data theft, cyber-attacks, are expected to propel the market growth in the anticipated time frame of 2017 to 2024. The widening expansion of end user demand and meeting the supply for the same is expected to raise the healthcare biometrics market exponentially in the anticipated period of time window.

This dimensional uplift of the market is boosted by technological innovations for enhancing the healthcare biometrics market methods and cures. These developments thoroughly backed by the emerging healthcare IT ventures and government initiatives to strengthen medical data security throughout the anticipated time of 2017 to 2024. The mentioned certain factor of growth will face some hindrance such as delayed approval of new products and advancement launch and cost defining parameters governed by authorities.

Now the question is which are the other regions intuitive is targeting? Data Bridge Market Research has forecasted a large growth in the North America, owing to the advanced healthcare infrastructure. On the contrary Asia-Pacific (APAC) is expected to bounce the market growth exponentially due to surging players’ penetration and government initiatives taken. The Data bridge market research new reports highlight the major growth factors and opportunities in the healthcare biometrics market.

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Healthcare Biometrics Market Development and Acquisition in 2019

  • In December 2019, a very fruitful acquisition was acknowledged by the biometric devices and services giant Alfu. He took over two companies COLOTRAQ completely and one more (information yet to be disclosed). This merger will emphasize on quality parameters of biometric devices, level of security and surveillance provided implementation of block chain technology and program management solutions. This collaboration helps Alfu to expand its portfolio of biometric solution and deep roots his services in multiple industries.

Healthcare Biometrics Market Scope

The Healthcare Biometrics Market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

  • All country based analysis of healthcare biometrics market is further analyzed based on maximum granularity into further segmentation. On the basis of product type, the market is segmented into single factor recognition, two factor recognition, and multi factor recognition. On the basis of application, the market is segmented into healthcare record security, patient tracking, remote patient monitoring, workforce management, and others. On the basis of end user, the market is segmented into healthcare providers, healthcare organizations, and research & academic institutes.
  • Biometrics is the system and devices enabled with a unique matrix algorithm to narrow down the physical and behavioral features. This channel is mainly used for the identification of human beings. This further helps to maintain the security and surveillance of the industries prone to data theft threats. In respect to the health industry, it is a mandate component for safe and secure infrastructure. Variables through which the biometrics are supported are thumb impression, face recognition, palm, and fingerprint pattern. This prevents the risk or damage to the healthcare IT industry and many others.

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Key Pointers Covered in the Healthcare Biometrics Market Industry Trends and Forecast to 2024

  • Market Size
  • Market New Sales Volumes
  • Market Replacement Sales Volumes
  • Market Installed Base
  • Market By Brands
  • Market Procedure Volumes
  • Market Product Price Analysis
  • Market Healthcare Outcomes
  • Market Cost of Care Analysis
  • Market Regulatory Framework and Changes
  • Market Prices and Reimbursement Analysis
  • Market Shares in Different Regions
  • Recent Developments for Market Competitors
  • Market Upcoming Applications
  • Market Innovators Study

Key Market Competitors Covered in the report

  • NEC Corporation
  • 3M
  • Cogent Communications, Inc.
  • Safran
  • HID Global Corporation/ASSA ABLOY AB
  • Imprivata, Inc.
  • ID Tech Solutions Private Limited
  • BioConnect
  • Thales Group
  • Fulcrum Biometrics, LLC.
  • M2SYS Technology

Above are the key players covered in the report to know about more and exhaustive list of healthcare biometrics companies’ contact us

Research Methodology : Global Healthcare Biometrics Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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