Stairlifts Market: Foresees Skyrocketing Growth in the Coming Years Healthcare Biometrics Market
Healthcare Biometrics Market, By Application,
Technology, End User, and Geography - Insights,
Opportunity Analysis, and Industry Forecast till
2024
Biometrics are used extensively in industries such as construction, financial services, hospitality,
government, and corporates. In healthcare, biometrics find applications or access control and
data security. Healthcare organizations such as manufacturing companies, insurers, hospitals,
diagnostic laboratories, and clinical research organizations are potential users of biometric
technology. Healthcare IT products and systems is in high demand in emerging nations such as
India, China, Brazil, Indonesia, and also Israel, as part of the ongoing upgrade of healthcare
infrastructure in these countries. This is expected to propel the healthcare biometrics market in
Asia Pacific, Latin America, and Middle East regions. Furthermore, partnerships with the
regional players would enhance the market share for global companies in the market. ievo Ltd,
a biometric access control specialist based in the U.K., partnered with Keytracker Ltd. (also
based in the U.K.) in February 2017, to offer restricted key access system to the healthcare and
construction industries. Logical access control, transaction authentication, and physical access
control are the major applications of biometrics in healthcare. Highly secured technology at an
affordable cost would benefit the healthcare industry and the healthcare biometrics market as a
whole.
The global healthcare biometrics market was valued at US$ 1,333.1 million in 2015 and is
expected to witness a CAGR of 23.4% during the forecast period (2016 – 2024).
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Improving technology for more secured access to propel the healthcare biometrics market
Companies in the global biometrics market are improving their product technology to provide
more secure access to critical areas and information to authorized personnel. The iris and vein
recognition technology are among the most secured biometric technologies. Palm, eyes and
finger are the target areas for vein biometric technology. Veins are unique for each person and
stays the same for lifetime which makes it more secured biometric technology. Moreover, this