Universal $12 Bn Healthcare Biometrics Market | By Technology | Face Recognition, Fingerprint Recognition, Iris Recognition, Vein Recognition, Palm Recognition, Behavioral Recognition, Signature Recognition, Voice Recognition, Behavioral Recognition, Beha
Healthcare Biometrics - 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.
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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.
Healthcare Biometrics - 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.
Healthcare Biometrics - 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.
Healthcare Biometrics - 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:
Healthcare Biometrics - By Technology: Face Recognition, Fingerprint Recognition, Iris Recognition, Vein Recognition, Palm Recognition, Behavioral Recognition, Signature Recognition, Voice Recognition, Other Behavioral Recognition, Behavioral Recognition, Single Factor Authentication, Multi Factor Authentication, Multimodal Authentication, Other Technologies
Healthcare Biometrics - 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.
Healthcare Biometrics - By Application:
Patient identification and Tracking
Medical Record Security & Data Center Security
Care Provider Authentication
Home/Remote Patient Monitoring
Healthcare Biometrics - By End User:
Hospitals & Clinics
Research & Clinical Laboratories
Healthcare Biometrics - 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.
Healthcare Biometrics - 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, United Arab Emirates, Others
Healthcare Biometrics - 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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Healthcare Biometrics - List of Tables:
Table 1.Global Healthcare Biometrics Market, By Technology($Million), 2016-2025
Table 2.Face Recognition Market, By Region ($Million), 2016-2025
Table 3.Fingerprint Recognition Market, By Region ($Million), 2016-2025
Table 4.Iris Recognition Market, By Region ($Million), 2016-2025
Table 5.Vein Recognition Market, By Region ($Million), 2016-2025
Table 6.Palm Recognition Market, By Region ($Million), 2016-2025
Table 7.Behavioral Recognition Market, By Type ($Million), 2016-2025
Table 8.Behavioral Recognition Market, By Region ($Million), 2016-2025
Healthcare Biometrics - List of Figures
Figure 1.Global Healthcare Biometrics MarketShare, By Technology, 2016 & 2025
Figure 2.Healthcare Biometrics Market Share, By Application, 2016 & 2025
Figure 3.Healthcare Biometrics MarketShare, By End User, 2016 & 2025
Figure 4.Healthcare BiometricsMarket, By Region, 2016, ($Million)
Figure 5.NEC Corporation of America: Net Revenues, 2014-2016 ($Million)
Figure 6.NEC Corporation of America: Net Revenue Share, By Segment, 2016
Figure 7.NEC Corporation of America: Net Revenue Share, By Geography, 2016
Key Findings of the Research Study:
• Fingerprint authentication segment occupied two-fifth share of the global market in 2016, due to their high reliability for doctor’ and patients’ authentication.
• Multifactor authentication market is expected to grow with highest CAGR during the forecast period, due to high demand among healthcare professionals for secure authentication platforms.
• Healthcare institutions market is expected to witness the highest CAGR over the forecast period, due to large scale adoption of biometric platforms for efficient workflow management.
• North America held over two-fifth share of the global healthcare biometrics market in 2016, due to rising acceptance of biometric solutions against cyber thefts and frauds.
• Asia-Pacific healthcare biometrics market is projected to offer lucrative growth opportunities during the forecast period, owing to rising awareness about utility of biometric solutions for patient data security and management.
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Crystal Market Research is a U.S. based market research and business intelligence company. Crystal offers one stop solution for market research, business intelligence, and consulting services to help clients make more informed decisions. It provides both syndicated as well as customised research studies for its customers spread across the globe. The company offers market intelligence reports across a broad range of industries including healthcare, chemicals & materials, technology, automotive, and energy.
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