Healthcare Biometrics Market: Market Intelligence, Product Matrix, Industry Insights, and Forecast 2017-2023

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XXF_1520785628_1.png Healthcare Biometrics Market

Global Healthcare Biometrics Market:

By Mode (Physical Access Control, Logical Access Control, Transaction Authentication), By Technology (Iris Recognition, Signature Recognition, Face Recognition, Hand Recognition, Fingerprint Recognition, Voice Recognition, Vein Recognition) By End-user (Clinics, Healthcare Institutions, Clinical Laboratories, Hospital laboratories, Research lab) and By Region [Latin America, North America, Asia Pacific, The Middle East & Africa and Europe] – Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023

Market Outline: Global Healthcare Biometrics Market

Biometrics is a vital tool in data threats and cyber threats. Biometric system is used across various industries like banking, defense, healthcare, mobile and technology, government, security. Biometric system plays an essential role in healthcare industry which enables the proper security of IT processes related to healthcare data by preventing free access to data by identifying individual features like palm prints, fingerprints, voice, DNA, face, and others. As per, Identity Theft Resource Centre Report 2014, about 45% of all data violations of identity thefts are from the healthcare industry.

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Market Dynamics: Global Healthcare Biometrics Market

Growing incidence of healthcare frauds, rise in demand for alternatives for passwords, wide range of financial benefits regarding healthcare biometrics are major factors expected to fuel growth of global healthcare biometrics market. As per, Coalition Against Insurance Fraud reported that about USD 80 Bn is annually lost in the US in Medicare fraud. Moreover, growing adaptability of biometrics system in healthcare sectors such as research labs, clinical laboratories, and hospitals increase in technological advancements are few other factors which are expected to propel growth of healthcare biometrics market. On the other side, security and convenience trade-off and biometric template storage are restraints of healthcare biometrics market.

Market Scope: Global Healthcare Biometrics Market

The Global Healthcare Biometrics Market is classified on the basis of mode, technology, end user and geographical regions

Based on Mode, global healthcare biometrics market is segmented as

· Physical Access Control

· Logical Access Control

· Transaction Authentication

Based on Technology, global healthcare biometrics market is segmented as

· Iris Recognition

· Signature Recognition

· Face Recognition

· Hand Recognition

· Fingerprint Recognition

· Voice Recognition

· Vein Recognition

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Based on the End-user, global healthcare biometrics market is segmented as

· Clinics

· Healthcare Institutions

· Clinical Laboratories

· Hospital Laboratories

· Research Lab

Market Summary: Global Healthcare Biometrics Market

Healthcare Biometrics is fast-growing and propitious field in security systems and personal authentication sector. Healthcare Biometrics is a highly competitive market with many numbers of market players. Market players in global healthcare biometrics market are focused on the inorganic and organic growth of companies by adopting various growth strategies such as new product launches, acquisitions, and mergers, collaborations, and partnerships, investments, and investments in R&D activities. Market players of healthcare biometrics market are expected to enhance their technologies in order to provide most secure access systems. Vein and iris recognition technologies are most secure technologies in healthcare biometric systems among others. Governments of various countries are providing various regulations for biometric security systems such as Health Insurance Portability and accountability act (HIPAA) which is enforced by the Medicare and Medicaid Services (CMS) and Electronic Protected Health Information.

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Regional Analysis: Global Healthcare Biometrics Market

Global healthcare biometrics market is segmented as Latin America, North America, Asia- Pacific, The Middle East & Africa and Europe. Global healthcare biometrics market is dominated by North America followed by Europe due to extensive fraud control systems implementations and initiations and regulations framed by the governments such as HIPPA in the US. Eventual introduction of advanced technologies, growing adoption of biometrics in major medical sectors. Increase in the support of government, the rise in the disposable income of the emerging economies, growing acceptance of the technological advancements, rising awareness regarding the security systems, development of industrial sectors in emerging countries are factors witnessed to propel the growth of healthcare biometrics in Asia Pacific.

Market participants: Global Healthcare Biometrics Market

Some of the players in global healthcare biometrics market

· Fujitsu Limited (Japan)

· NEC Corporation (Japan)

· 3M Cogent, Inc. (U.S.)

· Imprivata, Inc. (U.S.)

· Morpho ((a subsidiary of Safran SA (France))

· Suprema Inc. (South Korea)

· Crossmatch Technologies, Inc. (U.S.)

· ZKteco, Inc. (China)

· BIO-key International, Inc. (U.S.)

· Lumidigm (a subsidiary of ASSA ABLOY (Sweden))

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Domain: Medical
Category: Biotech/Pharma
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