Published Thu, Mar 10th 2016
A latest market report published by Transparency Market Research is Financial Benefits of Healthcare Biometrics to Propel Global Healthcare Biometrics Market to US$5.8 bn by 2019
Transparency Market Research (TMR), a market intelligence and research firm, has published a research report on the global healthcare biometrics market, titled “Healthcare Biometrics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”.
The market study states that the global market for healthcare biometrics stood at US$1.2 bn in 2012. Analysts at TMR expect this market to expand at an exceptional CAGR of 25.90% during the period from 2013 to 2019 and reach a market value of US$5.8 bn by the end of the forecast period.The report further cites the financial advantages that healthcare biometrics offers as the key driver for the growth of the global healthcare biometrics market. Apart from this, the efficiency of biometric systems in reducing healthcare frauds has also fueled the global market for healthcare biometrics significantly.
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The worldwide healthcare biometrics market has been analyzed on the basis of technology and application in this research study. Based on application, the market is segmented into the markets for logical access control, transaction authentication, and physical access control. By technology, the report classifies the global healthcare biometrics market into the markets for face recognition, hand recognition, iris recognition, fingerprint recognition, voice recognition, vein recognition, and signature recognition.
The research report also evaluates the global healthcare biometrics market on the basis of its regional distribution. North America, Asia Pacific, Europe, and the Rest of the World are the key regional markets for healthcare biometrics. Among these, the healthcare biometrics market in North America leads the global market on account of the extensive installation of medical and healthcare fraud controlling systems.In addition to this, the rising demand for biometrics from the medical and healthcare industry together with its verified efficacy in hospitals, research labs, clinical laboratories, and various other medical and healthcare facilities is likely to drive the North America market for healthcare biometrics, maintaining its dominance during the forecast period.
On the whole, the global market for healthcare biometrics looks to be on a decent growth curve. However, the rising incidence of data incongruity is posing a severe threat to this market. On the other hand, the increasing trend of self-service in the medical and healthcare industry is presenting an opportunity-rich market for established players as well as new entrants in the global healthcare biometrics market, notes the market study.
The profiles of key companies operating in the worldwide healthcare biometrics market have also been analyzed in this report to present the competitive landscape as well as the market hierarchy. 3M Cogent Inc., BIO-key International Inc., Aware Inc., Cross Match Technologies Inc., Fujitsu Ltd., DigitalPersona, Inc., Lumidigm Inc., NEC Corp., M2SYS, SAFRAN, Suprema Inc., Siemens, and ZKTeco Inc. are some of the prominent players in this market, states the research report.
Mr. Sudip .S
Transparency Market Research
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
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