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Healthcare Biometrics Market By Technology (Fingerprint Recognition, Iris Recognition, Palm Geometry Recognition, Vein/Vascular Recognition, Other), By Applications (Record Management And Data Security, Healthcare Staff Authentication And Workforce Management, Patient Identification And Tracking, Other), By Usage Area (Hospitals And Clinics, Pharmaceutical And Medical Device Manufacturing, Research And Academia, Other) - Growth, Future Prospects, And Competitive Analysis, 2017 - 2025

Biometrics in healthcare applications essentially refers to staff and patient identification solutions. Biometrics solutions are often used in combination with smart cards and passwords for secure access to sensitive records and reports and to facilitate patient registration requirements. In the near future, biometrics use in healthcare will reflect the growing need to combat healthcare fraud in developed markets, as well as the growing need to protect patient privacy. It is also anticipated that the key healthcare areas that will witness significant demand for biometrics solutions are home and remote care patients, authentication of care providers, patient tracking in healthcare facilities, and prescription dispensing. It is expected that consumer-end solutions such as prescription dispensing and home or remote location monitoring will witness the highest software purchases and thus generate significant sales.

The purpose of this research study titled "Healthcare Biometrics Market: Growth, Future Prospects, and Competitive Analysis, 2017–2025" is to provide investors, developers, company executives, and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global healthcare biometrics market. This report presents and analyses the major trends prevalent in the global healthcare biometrics market and the market's size and forecast.

This report categorizes the global healthcare biometrics market in terms of technologies, applications, usage areas, and geographical distribution. Based on technologies, the global healthcare biometrics market is studied for fingerprint recognition, iris recognition, palm geometry recognition, vein/vascular recognition, face recognition, and behavioral recognition (signature recognition, voice recognition, and others). Record management and data security, healthcare staff authentication and workforce management, patient identification and tracking, remote and home care patient monitoring, prescription dispensing, and others are the application areas considered for the purpose of this study. Additionally, the prime usage areas of healthcare biometrics include hospitals and clinics, pharmaceutical and medical device manufacturing, research and academia, healthcare institutions, and home care. The market size and forecast for each mentioned segment for the period 2015–2025 are presented in the report, along with respective CAGRs for the forecast duration of 2017–2025.

Geographically, the global healthcare biometrics market is best understood by categorizing it into five major regions and five major region-level markets, as follows:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • India
    • China
    • Japan
    • Rest of Asia-Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East and Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East and Africa

This study presents the market size and forecast for each considered geographical market for the period 2015-2025, as well as CAGRs for the forecast period 2017-2025, and is further cross-sectionally presented in terms of technologies, applications, usage areas, and constituent region/country level markets.

This report also includes qualitative assessment factors such as market dynamics (drivers, restraints, and opportunities) to have a good understanding of the current and anticipated trends in the global healthcare biometrics market. Competition assessment tools such as Porter's five forces model, market attractiveness assessment, and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with a profile of key market players currently enjoying prominent positions in the global healthcare biometrics market. The key players profiled in this report are BIO-key International, TOC Biometrics, Princeton Identity, Inc., BioConnect, NEC Corporation, Cross Match Technologies, Inc., NuData Security, Inc., FST Biometrics Corporation, HID Global Corporation, Iris ID Systems, Inc., and MorphoTrak, Inc.

For the purpose of this study, the global healthcare biometrics market is studied for the following technology types:

  • Fingerprint Recognition
  • Iris Recognition
  • Palm Geometry Recognition
  • Vein/Vascular Recogition
  • Face Recognition
  • Behavioral Recognition
  • Signature Recognition
  • Voice Recognition
  • Others

As more healthcare networks have begun to store patient records electronically, there has been an imminent rise in concern with regard to the security of such data, and many networks are moving to biometric technologies to address this concern. Among the currently used biometric technologies in healthcare, fingerprint recognition is the most accurate personal identification method for securing limited access systems from external attacks. The long history of fingerprint identification and its extensive use in forensics have mainly driven the demand for fingerprint recognition in healthcare security systems. Fingerprint recognition can be used for both identification and verification purposes. In verification, fingerprint systems compare the input fingerprint to the enrolled patient or healthcare personnel and determine if they correspond. In identification, this technology is used to compare the input fingerprint with those of the enrolled users in the database to ensure secure access. The growing list of areas where fingerprint recognition can be used in healthcare networks, along with the advent of compact and cheap sensors and advanced processors, has augmented the demand for fully automated, real-time, and highly accurate systems.

The global healthcare biometrics market is being studied for their application in the following areas for the purposes of this study:

  • Record management and data security
  • Healthcare Staff Authentication and Workforce Management
  • Patient Identification and Tracking
  • Remote and Home Care Patient Monitoring
  • Prescription Dispensing
  • Others

Healthcare staff authentication, workforce management, and patient identification and tracking currently occupy the largest share of the global healthcare biometrics market. The rise in cases of healthcare fraud in several forms, such as misrepresentation, deliberate omission of healthcare information, and false healthcare statements, and the growing need for authentic solutions to support security have led to growth in demand for installing identity verification solutions in the healthcare system. Biometrics is touted as an emerging technology that can replace cards, tokens, and passwords. The key use of healthcare biometrics is patient identification. Patient recognition through biometrics allows healthcare organizations to track existing patients and ensure efficient management and safeguarding of their information. Biometrics for patient identification can be used for purposes such as treatment tracking, walk-throughs of departments, client registration, and appointment scheduling. Furthermore, full-fledged incorporation of biometric patient identification can accommodate insurance details, treatment documents, and other such data through technologies such as fingerprint and vein recognition.

For the purpose of this study, the global healthcare biometrics market is studied for the following usage areas:

  • Hospitals and Clinics
  • Pharmaceutical and Medical Device Manufacturing
  • Research and academia
  • Healthcare Institutions and Home Care

Among the considered usage areas, hospitals and clinics occupy the largest share of the global healthcare biometrics market. Hospitals and clinics currently form the major hub of the primary purpose of healthcare biometrics, namely patient identification, tracking, and workflow management. These organizations form the largest areas where patients and healthcare personnel are found, and optimum management of the information of such individuals at hospitals and clinics is of prime importance. Furthermore, reducing healthcare fraud incidents is best accomplished through the effective adoption and implementation of healthcare biometric solutions systems in hospitals and clinics. In addition, it is suggested that pharmaceutical and medical device manufacturing, research, and academia will be the fastest-growing usage areas where the adoption of advanced biometric solutions will be the fastest. Safeguarding the extensive amount of intellectual property, research data, and other such sensitive information is becoming of prime importance to such institutions, highlighting the imminent need for biometric security solutions.

Geographically, the global healthcare biometrics market is cumulative for North America, Europe, Asia Pacific, the Middle East, Africa, and Latin America.

At present, North America is the clear leader in the global healthcare biometrics market, with a market share of approximately 40% in 2016. Early introduction of healthcare biometric technologies in the healthcare system, a greater patient pool as compared to other parts of the world, extensive patient data in both the healthcare system and clinical trials, and the existence of an evolved healthcare scenario are the key factors contributing to the dominance of healthcare biometrics in North America. Additionally, it is expected that the Asia-Pacific market will witness the fastest growth during the forecast period. Exponential growth in the patient pool admitted to hospitals, growing research initiatives being conducted in-house and outsourced, and the proliferation of medical tourism facilitate the growth of the Asia-Pacific market. Moreover, the rapid development of the healthcare infrastructure in large economies such as India, China, Mexico, and others will serve as major penetration opportunities for prime market players.

The detailed regional classification of the global healthcare biometrics market is as follows:

  • North America (U.S. and Canada)
  • Europe (U.K., Germany, and the Rest of Europe)
  • Asia Pacific (China, Japan, and the Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and the Rest of Latin America)
  • Middle East and Africa (GCC plus the rest of the Middle East and Africa) 

Frequently Asked Questions:

The market for Healthcare Biometrics Market is expected to reach US$ 13,928.2 Mn By 2025.

The Healthcare Biometrics Market is expected to see significant CAGR growth over the coming years, at 22.9%.

The report is forecasted from 2017-2025.

The base year of this report is 2016.

BIO-key International, TOC Biometrics, Princeton Identity, Inc., BioConnect, NEC Corporation, Cross Match Technologies, Inc., NuData Security, Inc., FST Biometrics Corporation, HID Global Corporation, Iris ID Systems, Inc., and MorphoTrak, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Nov 2017
Category:  Technology & Media
Report ID:   58805
Report Format:   PDF
Pages:   120
Rating:    4.8 (70)
Delivery Time: 24 Hours to 48 Hours   
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