Healthcare Biometrics Market Size & Analysis – Forecasts To 2025

1
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Healthcare
Biometrics Market. Market Insights The global
healthcare biometrics market is projected to grow
at a high CAGR over the forecast period. This
growth is mainly attributed to rising government
support towards application of biometrics for
reducing healthcare fraud cases and medical
identity theft. Growing attention towards cyber
security is likely to boost demand over the
coming years. Moreover, the rising demand from
healthcare centres and institutions is
anticipated to foster demand over the coming
years. However, the profitability of this
industry is affected by high cost associated
with biometric devices coupled with technological
challenges related to application of biometrics.
Healthcare Biometrics Market Technology
Insights On the basis of technology, the
industry is segmented into single factor,
multi-factor and multimodal authentication.
While the market for single factor segment is
further segmented into fingerprint, face, iris,
palm, vein and behavioural recognition, the
market for multi- factor segment is segmented
into smart card with pin and biometrics with pin.
The demand for multi-factor authentication is
expected to occupy the highest share owing to
rising application in the healthcare sector.
Moreover, growing demand for a secure
authentication platform is also anticipated to
stimulate market growth.
2
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
Among, single-factor authentication segment, the
fingerprint recognition segment is also
anticipated to grow significantly over the
forecast period on account of factors such as
high reliability and vast foothold. The market
for vein recognition is also projected to deliver
a significant growth rate due to factors such as
fast recognition and accuracy. Healthcare
Biometrics Market Type Insights The industry is
sub-segmented on the basis of single model
authentication type into contact and non-contact
biometrics. The non-contact biometrics is likely
to grow at a healthy rate owing to their
non-intrusive nature and speed of
identification. Healthcare Biometrics Market
Vertical Insights On the basis of vertical, the
market is segmented into hospitals clinics,
research clinical laboratories, and healthcare
institutions. Out of these, healthcare
institutions segment is anticipated to record
the highest growth over the forecast period on
account of rising application of biometric
solutions for securing data equipment enclosure,
devices, pedestrian entrances and for managing
workflow. Healthcare Biometrics Market End-user
Insights Healthcare biometrics market finds its
application in medical record data center
security, patient identification tracking,
care provider authentication, pharmacy
dispensing, workforce management and home/remote
patient monitoring among others. The medical
record data center security segment is
anticipated to dominate the market over the
forecast period owing to stringent government
regulations such as Health Information
Technology for Economic and Clinical Health
(HITECH) which work towards maintaining
confidentiality of patient information. Moreover,
the rising adoption of Electronic Health Record
(HER) by medical centres is also likely to boost
market growth. Healthcare Biometrics Market
Regional Insights North America occupied the
largest share of this market since the past few
years. This can be attributed to the presence of
a number of key manufactures coupled with
stringent government regulation such as HITECH
which are projected to drive market growth. Asia
Pacific is also expected to emerge as a key
revenue generating region. This can be
associated with the growing healthcare IT sector.
Along with this, rising application of digital
3
GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS patient monitoring coupled with
Internet of Things (IoT) is anticipated to
stimulate market growth.
Healthcare Biometrics MarketEnd-Use
Landscape The end-use landscape entails a list
of current and prospective consumers prevailing
across the regions. This section provides
company addresses, contact details, products, and
regional presence of companies who are
purchasing or are likely to purchase healthcare
biometrics over the coming years. Some leading
consumers of this market are UnitedHealth Group,
Medtronic, Thermo Fisher Scientific and
Cigna. Healthcare Biometrics Market Market
Share Competitor Analysis Key players include
Morpho, NEC Corporation, Crossmatch Technologies,
Inc., Fujitsu Limited, 3M Cogent, Inc., Suprema
Inc., Lumidigm, ZKteco, Inc., Bio-key
International, Inc., and Imprivata, Inc. In
October 2017, RightPatient and Caradigm announced
launching a new patient biometric ID service.
Along with reducing costs, the product is
anticipated to reduce medical errors as well as
patient mix-ups. The system uses patient
photographs and information stored on
HIPPA-compliant remote servers. In August 2015,
Genkey started providing biometric healthcare
management system to Kenyas National Hospital
Insurance Fund (NHIF). Along with providing
technological assistance and support, the
company is likely to provide training, software,
hardware and additional support services.
4

• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• The report segments the Healthcare Biometrics
  Market on the basis of By Technology
• Single-factor (Fingerprint, Face, Iris, Palm,
  Vein, Behavioral (Signature, Voice))
• Multifactor (Smart Card with Biometrics,
  Biometrics with Pin)
• Multimodal (Two Factor, Three Factor)
• By Type
• Single-factor (Contact, Non-Contact)
• By Vertical
• Hospitals Clinics
• Research Clinical Laboratories
• Healthcare Institutions
• By Application

5
GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS

• By Region
• North America
• Europe
• Asia Pacific
• Central South America
• Middle East Africa
• This article contains text from the Healthcare
  Biometrics Market Size Analysis Forecasts To
  2025 report prepared by Global Market Estimates.
  For more information or to buy the report, please
  visit https//www.globalmarketestimates.com/heal
  thcare-biometrics-market/
• Check our annual research partnership service
  at
• https//www.globalmarketestimates.com/annual-resea
  rch-partnership-services/