Healthcare Biometrics Market to Surpass USD 12 billion by 2025: Major Players are Fujitsu,3M Cogent, Inc., CROSSMATCH Technologies Inc.,BIO-Key International Inc.,NEC Corporation of America, Suprema Inc.

Industry Trend Analysis
The global healthcare biometrics market is projected to be around 12 billion by 2025. This growth is attributed to increasing integration of IT in healthcare services owing to increasing concerns about internet theft & fraud. Increasing focus of various healthcare providers towards biometric solutions for patient identification and information security will play a significant role in the growth of healthcare biometrics market. Continuous improvements in technology and up gradation of existing products will lead to rise in approval of these devices thereby boosting the market growth. However, high cost associated with implementation of biometric devices and concerns regarding patients’ information security will restrain the market growth.

Technology Outlook and Trend Analysis
Fingerprint recognition segment dominated the global market in 2016, due to high adoption rate of the technology because of its high reliability. Multi-factor authentication market is expected to grow at highest CAGR during the forecast period, due to increased adoption of multi-factor authentication among healthcare professionals with rise in demand for efficient verification techniques. Vein recognition technology projected to be the fastest-growing segment over the forecast period, due to its fast recognition capability with high accuracy.

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Application Outlook and Trend Analysis
Medical record security and data center security market is expected to grow at the highest CAGR during the forecast period, owing to increase in adoption of EHR systems in healthcare industry. Rising need to ensure confidentiality and protection of patient information is set to further boost the market growth.

End User Outlook and Trend Analysis
Healthcare institutions market is projected to be the fastest growing segment over the forecast period, due to the rising adoption of biometric solutions for securing pedestrian entrance and managing workflows through such biometric platforms. Hospitals and clinics market will witness favorable growth during the forecast period with rising awareness about advantages of biometric solutions for efficient data management and monitoring.

Regional Outlook and Trend Analysis:
North America dominated the global market in 2016, owing to increasing number of cybercrimes and cyber thefts. This high incidence of cyber frauds is expected to boost the market growth in this region. Asia-Pacific is expected to witness highest growth rate during the forecast period, primarily due to various government efforts, increasing integration of IT in healthcare, and rising concerns for database securities in the region. For instance, in October 2014, the Government of India decided to use its national Aadhaar biometric database for deploying the National Health Assurance Mission to provide affordable healthcare to the citizens.

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Competitive Analysis
Technological collaborations and mergers will drive the market during the forecast period. For instance, in September 2015, Qualcomm Inc. announced the collaboration between Qualcomm Life, Inc. and DaVita Healthcare Partners to develop chronic care management solutions powered by their 2net mobile platform that will transmit patients’ biometric data to the cloud.

Some of the major players in the global market are Fujitsu,3M Cogent, Inc., CROSSMATCH Technologies Inc.,BIO-Key International Inc.,NEC Corporation of America, Suprema Inc., Integrated Biometrics LLC, and Imprivata Inc.

Market Opportunities
Biometrics has emerged to be one of the most promising technologies for healthcare industry. Advanced identification technologies such as DNA based recognition, voiceprint recognition, and digital signature authentication are being extensively researched and developed. Further, technological advancements followed by product development will enhance the value proposition of biometrics for the healthcare industry.

Healthcare Biometrics Market Segmentation

By Technology:
Face Recognition
Fingerprint Recognition
Iris Recognition
Vein Recognition
Palm Recognition

Behavioral Recognition, By Type
o Signature Recognition
o Voice Recognition
o Other Behavioral Recognition

o Behavioral Recognition, By Authentication
§ Single Factor Authentication
§ Multi Factor Authentication
§ Multimodal Authentication

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Other Technologies

By Application:
Patient identification and Tracking
Medical Record Security & Data Center Security
Care Provider Authentication
Home/Remote Patient Monitoring
Pharmacy Dispensing
Others

By End User:
Hospitals & Clinics
Healthcare Institutions
Research & Clinical Laboratories

By Region:
· North America
U.S
Canada
Mexico

· Europe
Germany
France
UK
Italy
Spain
Rest of Europe

· Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific

· Rest of the World
Brazil
South Africa
Saudi Arabia
Turkey
United Arab Emirates
Others

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Some of the key questions answered by the report are:
· What was the market size in 2016 and forecast from 2017 to 2025?
· What will be the industry market growth from 2017 to 2025?
· What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
· What are the major segments leading the market growth and why?
· Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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