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Healthcare Biometrics Market is expected to reach US$ 17.9 Billion by 2032, With a CAGR Of 18.1% from 2022 to 2032 | Future Market Insights, Inc.

The United States holds a prominent role in the healthcare biometrics market trends due to its well-establishing health care infrastructure. Based on end users, hospitals are anticipated lead for size during this period from 2022 through 2032 with an expected growth rate of 5%. However, technologies such as multi factor authentication will likely dominate at 5.8% CAGR over (2022 - 2032).

NEWARK, Del, June 06, 2022 (GLOBE NEWSWIRE) -- Healthcare Biometrics Market to Reach US$ 17.9 Billion by 2032, owing to the Increasing number of Healthcare Fraud; Healthcare Biometrics Market to Record an 18.1% CAGR through 2032. The demand for healthcare biometrics is likely to rise as the number of healthcare frauds is rising all around the globe and the advancement of new technology brings the security awareness related to the data stolen, inventory loss, and other frauds.

The healthcare biometrics market size is likely to rise due to the number of end-user’s industries adopting the healthcare biometrics devices, including hospitals, clinics, healthcare institutions, research, clinic laboratories, etc.

The US market is estimated to dominate the healthcare biometrics market share due to increasing fraud and developing healthcare infrastructure, which is likely to increase the adoption of healthcare biometrics. 

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The healthcare biometrics applications are monitoring various scans on the patient, including fingerprint, thumbprint, palm print, face, and others. In which the fingerprint is one of the common prints used in the documentation, identification of data, and other legal activities.  

These factors are supposed to rise the healthcare biometrics market opportunities in the forecast period from 2022 to 2032 all around the regions.
The sales of healthcare biometrics are likely to rise on the international market in developing countries to secure the patient’s health and data. The manufacturing companies are playing a key contributing role in the healthcare biometric market growth.

The healthcare institution segment is anticipated to dominate the healthcare biometrics market growth with a CAGR of 17.2% during the forecast period from 2022 to 2032. The number of healthcare is provided by the healthcare institution, which supposes to enlarge the adoption of healthcare biometrics in the coming year.

 Key Takeaways:

  1. Based on technology, the multi-factor authentication segment is likely to dominate the healthcare biometrics market share with a CAGR of 5.8% during the forecast period 2022 to 2032.
  2. Based on end users, healthcare institutions are anticipated to lead the healthcare biometrics market size in the forecast period 2022 to 2032.
  3. The US holds a prominent role in the healthcare biometrics market trends due to the well-establish healthcare infrastructure in the country.
  4. By 2032, the healthcare biometrics market share is anticipated to rise to the valuation of US$ 17.9 Billion with a CAGR of 18.1%.

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Competitive Landscape:
Several key competitors are generating huge revenue as per the healthcare biometrics market survey by taking on various methods such as collaborating, partnership merges and others. The key driving companies are using all these things to carry out maximum growth in the healthcare biometrics market future trends.

Some of the key companies are as follows:
These are NEC Corporation, Fujitsu Limited, 3M Cogent, Inc., Morpho, Imprivata, Inc., Suprema Inc., and others. All these leading companies are looking to expand the healthcare biometrics market in the forecast period from 2022 to 2032.

Segments:

By Technology:

  • Single-factor Authentication
  • Multi-factor Authentication
  • Signature Recognition
  • Voice Recognition
  • Other Behavioral Recognition
  • Multi-factor Recognition
  • Biometrics with PIN
  • Two-factor Biometrics
  • Three-factor Biometrics

By Application:

  • Patient Identification & Tracking
  • Medical Record Security & Data Center Security
  • Care Provider Authentication
  • Home/Remote Patient Monitoring
  • Pharmacy Dispensing
  • Others

By End User:

  • Hospitals & Clinics
  • Healthcare Institutions
  • Research & Clinical Laboratories
  • Respiratory Distress Syndrome

By Region:

  • North America
  • Asia Pacific
  • Europe
  • Middle East & Africa
  • Latin America

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Table of Content

1. Executive Summary

1.1. Global Market Outlook

1.2. Summary of Statistics

1.3. Key Market Characteristics & Attributes

1.4. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy

2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

3.1. Risk Assessment

3.1.1. COVID-19 Crisis and Impact on Healthcare Biometrics Market Demand

3.1.2. COVID-19 Impact Benchmark with Previous Crisis

3.1.3. Impact on Market Value (US$ Mn)

3.1.4. Assessment by Key Countries

3.1.5. Assessment by Key Market Segments

3.1.6. Action Points and Recommendation for Suppliers

3.2. Key Trends Impacting the Market

3.3. Formulation and Product Development Trends

4. Market Background

4.1. Healthcare Biometrics Market Management Market, by Key Countrie

4.2. Healthcare Biometrics Market Management Market Opportunity Assessment (US$ Mn)

4.2.1. Total Available Market

4.3. Market Scenario Forecast

4.3.1. Demand in optimistic Scenario

4.4. Investment Feasibility Analysis

4.4.1. Investment in Established Markets

4.4.1.1. In Short Term

4.4.1.2. In Long Term

4.4.2. Investment in Emerging Markets

4.4.2.1. In Short Term

4.4.2.2. In Long Term

4.5. Forecast Factors - Relevance & Impact

4.5.1. Top Companies Historical Growth

4.5.2. Growth in Automation, By Country

4.5.3. Healthcare Biometrics Market Management Adoption Rate, By Country

5. Key Success Factors

5.1. Manufacturers’ Focus on Low Penetration High Growth Markets

5.2. Banking on with Segments High Incremental Opportunity

5.3. Peer Benchmarking

6. Global Healthcare Biometrics Market Demand Analysis 2015-2021 and Forecast, 2022-2032

6.1. Historical Market Analysis, 2015-2021

6.2. Current and Future Market Projections, 2022-2032

6.3. Y-o-Y Growth Trend Analysis

7. Global Healthcare Biometrics Market Value Analysis 2015-2021 and Forecast, 2022-2032

7.1. Historical Market Value (US$ Mn) Analysis, 2015-2021

7.2. Current and Future Market Value (US$ Mn) Projections, 2022-2032

7.2.1. Y-o-Y Growth Trend Analysis
7.2.2. Absolute $ Opportunity Analysis

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.  

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