Global Healthcare Biometrics Market to Surpass US$ 32,975.0 Million by 2030, Says Coherent Market Insights (CMI)
Seattle, Aug. 17, 2022 (GLOBE NEWSWIRE) -- According to Coherent Market Insights, the global healthcare biometrics market is estimated to be valued at US$ 5,759.6 million in 2022 and is expected to exhibit a CAGR of 24.4 % during the forecast period (2022-2030).
Key Trends and Analysis of the Global Healthcare Biometrics Market:
Major players operating in the market are focusing on adopting strategies such as product approvals, which is expected to drive the market growth over the forecast period. For instance, in July 2021, Touch Biometrix, a fingerprint sensor developer, announced a market partnership with SystematicIC, an IC (Integrated circuit design) design house. Under this partnership, FAP60 sensor was launched in july. The 500ppi 3D image sensors will have a thin form factor coupled with a significantly lower cost of ownership than existing optical technologies.
Furthermore, in May 2020, NEC Corporation, a Japan-based multinational information technology and electronics corporation, NeoFace Thermal Express, which provided touchless screening, was introduced by NEC Corporation, which was created to identify high body temperatures and safety gear like facemasks.
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Key Market Takeaways:
Market players are focused on growth strategies such as signing distribution agreements with governments of respective countries. This in turn is expected to drive the growth of the global healthcare biometrics market. For instance, on March 15, 2022, BioIntelliSense, Inc., a continuous health monitoring and clinical intelligence company, expanded its commitment to creating a new standard of remote patient care with the commercial launch of its medical-grade BioButton Rechargeable wearable device. The new BioButton Rechargeable device allows for continuous multi-parameter monitoring of a broad range. The device’s comprehensive set of leading indicators allows for the early identification and detection of adverse trends to improve patient monitoring safety and efficacy.
Among application, the logical access control segment is expected to account for a major revenue share by 2030. Logical access control is a major application for biometric identification, authentication, accountability, and authorization protocols. For instance, on February 25, 2022, rf IDEAS, a manufacturer of credential readers for authentication and logical access, announced that it is partnering with ID Research and development, Artificial Intelligence -based company, to bring its market biometric authentication and anti-spoofing products to the rf IDEAS portfolio. This partnership will help expand rf IDEAS biometric offerings as a reseller of ID Research and development market biometric software solutions.
Among region, North America is expected to witness significant growth in the global healthcare biometrics market owing to increasing launches of medical biometric systems in North America by major players in global healthcare biometrics market. For instance, on January 6, 2022, Mitsubishi Electric Corporation, a manufacturer of electrical and electronic products and systems, announced the launch of its HealthCam scanning technology, that performs touchless, line-of-sight monitoring of vital signs at the Consumer Electronics Show (CES). A working prototype of HealthCam allows individuals to stand in front of the camera scanner and see their body temperature, respiration rate, blood oxygenation, and heart rate.
Competitive Landscape:
Key players operating in the global healthcare biometrics market include BIO-key International, Fujitsu Limited., 3M Cogent, Inc., MorphoTrust, Imprivata, Inc., Crossmatch Technologies, Inc., Toshiba Medical System Corporation, NEC Corporation, Hitachi Ltd., Integrated Biometrics, and Qualcomm Technologies, Inc.
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Market Segmentation:
Global Healthcare Biometrics Market, By Application:
Logical Access Control
Transaction Authentication
Physical Access Control
Global Healthcare Biometrics Market, By Technology:
Face Recognition
Iris Recognition
Hand Recognition
Voice Recognition
Fingerprint Recognition
Vein Recognition
Signature Recognition
Global Healthcare Biometrics Market, By End User:
Hospitals
Clinics
Clinical Laboratories
Healthcare Institutions
Global Healthcare Biometrics Market, By Region:
North America
By Country
U.S
Canada
Europe
By Country
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
Asia Pacific
By Country
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
Latin America
By Country
Brazil
Mexico
Argentina
Rest of Latin America
Middle East
By Country
GCC
Israel
Rest of Middle East
Africa
By Country/Region
South Africa
Central Africa
North Africa
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About Us:
Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, having sales office at global financial capital in the U.S. and sales consultants in United Kingdom and Japan. Our client base includes players from across various business verticals in over 57 countries worldwide. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.
CONTACT: Mr. Shah Senior Client Partner – Business Development Coherent Market Insights Phone: US: +1-206-701-6702 UK: +44-020-8133-4027 Japan: +81-050-5539-1737 India: +91-848-285-0837 Email: sales@coherentmarketinsights.com Website: https://www.coherentmarketinsights.com