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Global Industry Analysts Predicts the World Healthcare Biometrics Market to Reach $5.1 Billion by 2026
[October 13, 2021]

Global Industry Analysts Predicts the World Healthcare Biometrics Market to Reach $5.1 Billion by 2026


SAN FRANCISCO, Oct. 13, 2021 /PRNewswire/ -- A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled "Healthcare Biometrics - Global Market Trajectory & Analytics". The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.

FACTS AT A GLANCE
Edition: 8; Released: May 2021
Executive Pool: 1686
Companies: 83 - Players covered include 3M Cogent; BIO-key International, Inc.; Crossmatch Technologies; Fujitsu Ltd.; Imprivata, Inc.; NEC Corporation; Suprema, Inc.; Zkteco, Inc. and Others.
Coverage: All major geographies and key segments
Segments: End-Use (Hospitals & Clinics, Healthcare Institutions, Research & Clinical Laboratories); Technology (Single-factor Authentication, Multi-Factor Authentication, Multimodal Authentication)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of World.

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ABSTRACT-

Global Healthcare Biometrics Market to Reach $5.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Healthcare Biometrics estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$5.1 Billon by 2026, growing at a CAGR of 18.9% over the analysis period. Single-factor Authentication, one of the segments analyzed in the report, is projected to record a 17.1% CAGR and reach US$2.7 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi-Factor Authentication segment is readjusted to a revised 21.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $643.6 Million in 2021, While China is Forecast to Reach $890.4 Million by 2026
The Healthcare Biometrics market in the U.S. is estimated at US$643.6 Million in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$890.4 Million by the year 2026 trailing a CAGR of 18.3% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 16.5% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.


Multimodal Authentication Segment to Reach US$806.8 Million by the year 2026
In the global Multimodal Authentication segment, USA, Canada, Japan, China and Europe will drive the 18.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$231.9 Million in the year 2020 will reach a projected size of US$750.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More

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About Global Industry Analysts, Inc. & StrategyR™
Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.

CONTACTS:
Zak Ali
Director, Corporate Communications
Global Industry Analysts, Inc.
Phone: 1-408-528-9966
www.StrategyR.com
Email: [email protected]

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SOURCE Global Industry Analysts, Inc.


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