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 refer 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 demand to address healthcare frauds in the developed markets along with the escalating need to ensure 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 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 analyzes the major trends prevalent in the global healthcare biometrics market and the market 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 & 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, and healthcare institutions and home care. Market size and forecast for each mentioned segment for the period 2015-2025 is presented in the report along with respective CAGRs for the forecast duration 2017-2025.

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

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

The market size and forecast of each considered geographical market is presented for the period 2015-2025 along with CAGRs for the forecast period 2017-2025 in this study and are further cross-sectional 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 profiling of key market players currently enjoying prominent position 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, 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

Healthcare Biometrics Market

Among the considered usage areas, hospitals and clinics occupy the largest share in the global healthcare biometrics market. Hospitals and clinics currently form the major hub of primary purpose of healthcare biometrics namely patient identification and tracking and workflow management. These organizations form the largest areas where patient and healthcare personnel are found and optimum management of the information of such individuals at hospitals and clinics is of prime importance. Moreover, containment of the incidents of healthcare frauds is best achieved through efficient adoption and implementation of healthcare biometric solutions systems in hospitals and clinics. In addition, it is suggested that pharmaceutical and medical device manufacturing, and 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 intellective property, research data and other such sensitive information is becoming of prime importance to such institutions, this touting the imminent need for biometric security solutions.

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

Healthcare Biometrics Market

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, greater patient pool as against other parts of the world, extensive patient data in both care system as well as in clinical trials, and existence of evolved healthcare scenario are the key factors contributing to the dominance of healthcare biometrics in North America. Additionally, it is expected that Asia Pacific market will witness the fastest growth during the forecast period. Exponential growth in patient pool admitted in hospitals, growing research initiatives being conducted in house and outsourced, and proliferation of medical tourism facilitate the growth of Asia Pacific market. Moreover, rapid development of the healthcare infrastructure in large economies such as India, China, Mexico, and others will serve as major penetration opportunities to prime market players.

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

  • North America (U.S. & Canada)
  • Europe (U.K., Germany, and Rest of Europe)
  • Asia Pacific (China, Japan, and Rest of Asia Pacific)
  • Latin America (Brazil, Mexico, and Rest of Latin America)
  • Middle East and Africa (GCC and Rest of Middle East and Africa)
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Published Date:  Nov 2017
Category:  Technology & Media
Report ID:   58805
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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