Healthcare Biometrics Market Analysis, Trends, Growth, Dynamics, Forecast and Su

Posted by rushi007 on March 7th, 2019

Biometrics are used extensively in industries such as construction, financial services, hospitality, government, and corporates. In healthcare, biometrics find applications or access control and data security. Healthcare organizations such as manufacturing companies, insurers, hospitals, diagnostic laboratories, and clinical research organizations are potential users of biometric technology. Healthcare IT products and systems is in high demand in emerging nations such as India, China, Brazil, Indonesia, and also Israel, as part of the ongoing upgrade of healthcare infrastructure in these countries. This is expected to propel the healthcare biometrics market in Asia Pacific, Latin America, and Middle East regions. Furthermore, partnerships with the regional players would enhance the market share for global companies in the market. ievo Ltd, a biometric access control specialist based in the U.K., partnered with Keytracker Ltd. (also based in the U.K.) in February 2017, to offer restricted key access system to the healthcare and construction industries. Logical access control, transaction authentication, and physical access control are the major applications of biometrics in healthcare. Highly secured technology at an affordable cost would benefit the healthcare industry and the healthcare biometrics market as a whole.

The global healthcare biometrics market was valued at US$ 1,333.1 million in 2015 and is expected to witness a CAGR of 23.4% during the forecast period (2016 – 2024).

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Market Dynamics

Biometrics have undoubtedly eased the accessibility and operations of healthcare organizations, unlike the password authentication system which required users to remember passwords. Use of biometrics is extended to hospitals, clinics and to monitor patients. Various advancements in technology have led to commercialization of a number of biometric solutions for healthcare such as user identification using the face, iris, hand, voice, fingerprint, vein, and signature. This has significantly bolstered the healthcare biometrics market growth. The North America healthcare insurance market in highly fragmented, with several loopholes in the system that are exploited by fraudsters. Therefore, potential for biometrics is considerably high in this region. Besides, growing demand for healthcare IT integration in Asia Pacific and Latin America regions is projected to support the rapid adoption of biometrics in healthcare sector.

Market Taxonomy

This report segments the global healthcare biometrics market on the basis of technology, application, end user, and geography. On the basis of technology, the market is categorized into face recognition, iris recognition, hand recognition, voice recognition, fingerprint recognition, vein recognition, and signature recognition. On the basis of application, the market is categorized into logical access control, transaction authentication and physical access control. On the basis of end-user, the market is categorized into clinical laboratories, clinics, hospitals and healthcare institutions. For comprehensive understanding of market dynamics, the global gynecological devices market is analyzed across key geographical regions namely North America, Europe, Asia Pacific, Latin America, Africa, and Middle East. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Key Players:

BIO-key International, Fujitsu Limited, MorphoTrust, 3M Cogent, Inc., Imprivata, Inc., Crossmatch Technologies, Inc., NEC Corporation, Hitachi Ltd., Integrated Biometrics, and Qualcomm Technologies, Inc.

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Joined: February 13th, 2019
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