The global healthcare
biometrics market is expected to reach USD 11.7 billion by 2024, according to a
new report by Grand View Research, Inc. The demand for biometric systems in the
healthcare market is expected to surge due to the rising cases of medical
identity thefts, the most predominant form of healthcare fraud jeopardizing
patient health, and the resultant government initiatives favoring
digitalization of healthcare systems.
Associated benefits, such
as data protection, elimination of the need of physical supervision, advanced
security protocols, and strengthened patient trust & reliability, are certain
vital impact rendering factors propelling the growth of these systems in the
healthcare industry.
Also, establishment of
federal laws, such as the Electronic Protected Health Information and Health
Insurance Portability and Accountability acts are expected to propel the demand
for these advanced biometric systems.
In-depth research report on Healthcare Biometric Market -http://www.grandviewresearch.com/industry-analysis/biometrics-in-healthcare-market
Further key findings from the study suggest:
·
Based on technology, the healthcare
biometrics market has been fragmented into face recognition, fingerprint analysis, iris
recognition, vein recognition, palm geometry recognition, behavioral
recognition, and others. Technologies such as DNA analysis and retina
scanning-based solutions are expected to witness the fastest growth over the
forecast period.
·
The other technologies segment is anticipated
to grow at a CAGR of about 27.0%, which is attributable to the rapid
development of DNA-based recognition systems and their incorporation within the
healthcare field
·
The behavioral recognition technology is
further classified into voice recognition, signature recognition, and others.
The voice recognition segment is expected to witness lucrative growth over the
forecast period due mainly to the technology advancements comprising
miniaturization and greater processing power.
·
Systems with the ability to identify voice
prints are being developed, for instance, Amerigroup Community Care of Florida
aims to acquire a voice biometric solution for its Indian policy holders to
overcome security lapses in telephonic communication
·
Based on region, North America is expected to
dominate the market whereas Asia Pacific is anticipated to witness the fastest
growth over the forecast period. The growth drivers in both these regions are
similar, however, the presence of well-established infrastructure and
digitalized platforms in North America are responsible for the high market
share. By 2024, the Asia Pacific region is expected to contribute to over 20.0%
of the revenue.
·
Some of the major industry players include
BIO-key International, NEC Corporation, Imprivata, Inc., Fujitsu, Crossmatch,
Suprema, 3M, HID Biometric, and MorphoTrust. New product launches and rising
R&D efforts directed toward technology refinements by these companies will
be witnessed over the forecast period.
·
Imprivata, Inc., approved the certification
of their palm scan-based biometric platform PatientSecure, developed as a kiosk
center whereby patients may identify themselves and register an appointment for
one or more of the services offered at the respective healthcare facility. The
approval was granted in July 2016 after it was showcased at the Healthcare
Information and Management Systems Society conference.
Grand View Research has
segmented the global healthcare biometrics market on the basis of technology
and region.
Global Healthcare Biometrics Market by Technology (USD
Million), 2013 - 2024
·
Face Recognition
·
Fingerprint Recognition
·
Iris Recognition
·
Vein Recognition
·
Palm Geometry Recognition
·
Behavioral Recognition
o
By technology
§
Signature recognition
§
Voice recognition
§
Others
o
By Type
§
Single factor authentication
§
Multi-factor authentication
§
Multi-modal authentication
o
Others
Healthcare Biometrics Market by Region (USD Million),
2013 - 2024
·
North America
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
o
Saudi Arabia
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About Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, the company offers
market intelligence studies ensuring relevant and fact-based research across a
range of industries including technology, chemicals, materials, healthcare and
energy.
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