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 Biometrics 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.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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