Healthcare Biometrics Market 2021 Analysis by Technology (Single-factor (Fingerprint, Face, Iris, Palm, Behavioral (Signature, Voice)), Multifactor, Multimodal), Application (Workforce Management), End User (Hospitals, Healthcare Institutions)

The Healthcare Biometrics Market study analyzes the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors, and Porter's Five Forces Analysis. This research report encompasses different industry verticals such as company profile, contact details of the manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares, and possible sales volume of the company. Various parameters covered in this Healthcare Biometrics Market research report helps businesses for better decision making. Strategically analyzed facts and figures of the market and keen business insights in this Healthcare Biometrics Market report would be a key aspect in achieving enduring business growth.

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The growth of this market is majorly driven by government initiatives to support the implementation of biometrics in healthcare facilities and increasing healthcare fraud & medical identity theft. On the other hand, the high cost of biometric devices and issues related to the use of biometric technologies are the major factors limiting the growth of the market.

North America commanded the largest share of the global healthcare biometrics market in 2015 and is expected to grow at the highest CAGR of 20.2% during the forecast period. This growth can be attributed to increasing government initiatives to ensure data protection and the security of healthcare facilities and presence of large number of prominent players. Owing to this, biometric technologies are increasingly being adopted to comply with stringent laws such as HIPAA and HITECH.

The Health Insurance Portability and Accountability Act of 1996 (HIPAA) was passed as a federal law in the U.S. to safeguard the confidentiality of Electronic Protected Health Information (EPHI) of patients. Under this law, covered entities such as healthcare clearing houses, health plans, and healthcare providers, who transmit EPHI as a part of their business, are obligated to employ reasonable and appropriate levels of security to control access to EPHI. Additionally, healthcare organizations that violate any HIPAA regulations face significant financial penalties. This changing regulatory scenario in the North American region has resulted in an upsurge in the demand for efficient security measures in order to comply with these norms.

Apart from the comprehensive regional analysis, product analysis, and market sizing, the report also provides a competitive landscape that covers growth strategies adopted by industry players over the last three years. The company profiles comprise basic views on key players and their product portfolios, developments, and strategies adopted. The above-mentioned market research data, current market sizes, and forecast of future trends will help key players and new entrants make informed decisions regarding product offerings, geographical focus, change in strategic approach, R&D investments, and levels of output in order to remain successful.

Reasons to Buy the Report:

The report will enrich both established firms as well as new entrants/smaller firms to gauge the pulse of the market, which in turn will help firms, garner a greater market share. Firms purchasing the report can use any one or a combination of the below-mentioned five strategies (market penetration, product development/innovation, market development, market diversification, and competitive assessment) for strengthening their market shares.

The report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the healthcare biometrics market. The report analyzes the healthcare biometrics market by technology, application, end-user, and region

Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and new product launches in the healthcare biometrics market

Competitive Assessment: In-depth assessment of market strategies, geographical and business segments, and product portfolios of the leading players in the healthcare biometrics market

Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the market for healthcare biometrics market across geographies

Market Diversification: Exhaustive information about new products and services, untapped geographies, recent developments, and investments in the healthcare biometrics market.

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Table of Contents

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Market Stakeholders

2 Research Methodology
2.1 Market Size Estimation
2.2 Market Breakdown and Data Triangulation
2.3 Key Data From Secondary Sources
2.4 Key Data From Primary Sources
2.5 Assumptions for the Study

3 Executive Summary

4 Premium Insights
4.1 Market Overview
4.2 Market: Single-Factor Authentication, By Technology
4.3 Market, By Application
4.4 Market, By Technology
4.5 Market, By End User
4.6 Market: Geographic Snapshot

5 Market Overview
5.1 Introduction
5.2 Market Segmentation
5.3 Market Dynamics
5.3.1 Market Drivers
5.3.1.1 Implementation of Government Initiatives Supporting the Adoption of Biometrics in Healthcare
5.3.1.2 Growing Incidence of Healthcare Data Breaches and Medical Identity Theft
5.3.2 Market Restraints
5.3.2.1 High Cost of Biometric Devices
5.3.2.2 Issues Related to the Use of Biometric Technologies
5.3.3 Opportunities
5.3.3.1 Contactless Biometric Authentication
5.3.3.2 Integration of Biometric Solutions in Healthcare Set-Ups in Emerging Economies
5.3.4 Challenges
5.3.4.1 Security of Biometric Data
5.3.5 Emerging Trends & Innovations

6 Regulatory Scenario
6.1 Regulatory Scenario
6.1.1 ISO Standards - ISO 27799:2008 & ISO/TR 27809:2007
6.1.2 Health Insurance Portability and Accountability Act (HIPAA)
6.1.2.1 HIPAA Privacy Rule
6.1.2.2 HIPAA Security Rule
6.1.3 Health Information Technology for Economic and Clinical Health (HITECH) Act
6.1.4 CEN ISO / IEEE 11073
6.1.5 CEN/Cenelec

7 Healthcare Biometrics Market, By Technology
7.1 Introduction
7.2 Single-Factor Authentication, By Technology
7.2.1 Fingerprint Recognition
7.2.2 Palm Geometry Recognition
7.2.3 Iris Recognition
7.2.4 Vein Recognition
7.2.5 Face Recognition
7.2.6 Behavioral Recognition
7.2.6.1 Voice Recognition
7.2.6.2 Signature Recognition
7.2.6.3 Other Behavioral Recognition Technologies
7.2.7 Other Single-Factor Authentication Technologies
7.3 Single-Factor Authentication, By Type
7.3.1 Contact Biometrics
7.3.2 Non-Contact Biometrics
7.4 Multi- Factor Authentication Technology
7.4.1 Smart Card With Biometrics
7.4.2 Biometrics With Pin
7.5 Multimodal Authentication Technology
7.5.1 Two-Factor Biometric Authentication
7.5.2 Three-Factor Biometric Authentication

8 Healthcare Biometrics Market, By Application
8.1 Introduction
8.2 Medical Record & Data Center Security
8.3 Patient Identification & Tracking
8.4 Care Provider Authentication
8.5 Pharmacy Dispensing
8.6 Workforce Management
8.7 Home/Remote Patient Monitoring
8.8 Other Applications

9 Healthcare Biometrics Market, By End User
9.1 Introduction
9.2 Hospitals & Clinics
9.3 Healthcare Institutions
9.4 Research & Clinical Laboratories

10 Healthcare Biometrics Market, By Region
10.1 Introduction
10.2 North America
10.2.1 U.S.
10.2.2 Canada
10.3 Europe
10.3.1 Germany
10.3.2 U.K.
10.3.3 France
10.3.4 Rest of Europe (RoE)
10.4 Asia
10.4.1 Japan
10.4.2 Rest of Asia
10.5 Rest of the World

11 Competitive Landscape
11.1 Overview
11.2 Market Share Analysis
11.3 Competitive Situations and Trends
11.3.1 New Product Launches
11.3.2 Partnerships & Collaborations
11.3.3 Expansions & Investments
11.3.4 Acquisitions

12 Company Profiles (Business Overview, Products & Services, Developments, MnM View)*
12.1 Introduction
12.2 Fujitsu Limited
12.3 3M Cogent, Inc. (A Subsidiary of 3M Company)
12.4 NEC Corporation
12.5 Morpho (A Subsidiary of Safran SA)
12.6 Lumidigm (A Subsidiary of Assa Abloy Group)
12.7 Imprivata, Inc.
12.8 Suprema, Inc.
12.9 Bio-Key International, Inc.
12.10 Crossmatch Technologies, Inc. (A Subsidiary of Francisco Partners)
12.11 Zkteco, Inc.

*Details on Marketsandmarkets View, Introduction, Product & Services, New Developments Might Not Be Captured in Case of Unlisted Companies.

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Other Developments
13.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.5 Introducing RT: Real-Time Market Intelligence
13.6 Available Customizations
13.7 Related Reports

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