Healthcare companies provide products and services to treat patients with preventive and comforting care. They hold highly sensitive data related to Protected Health Information (PHI), Personally Identifiable Information (PII), and Payment Card Industry (PCI). This data usually remains unprotected and sometimes not even encrypted, moving in the databases of Enterprise Resource Planning (ERP) systems and transmitted among hospitals, clinics, and labs. Cybercriminals target these organizations for PHI, PII, and credit card information. Thus, there is a high adoption rate of biometrics-as-a-service offerings in this industry, as the solutions help prevent sensitive information from being compromised and help organizations comply with PCI DSS regulations. Some of the major hacking cases in the healthcare industry, such as the recent attack on AHMC Healthcare office near Los Angeles that resulted in the leak of 700,000 patient records, have led to increased security against cyber threats in this sector. Stealing financial data has always been the primary target of cyber-attackers, but medical data is also becoming one of the major targets now. Moreover, social security numbers, insurance IDs, addresses, credit card information, and medical details are at risk of cyber threats, as they usually contain valuable data. The healthcare industry is expected to contribute a significant market share of the biometrics-as-a-service market during the forecast period.