Global Healthcare Biometrics Market: Rising data breaches in healthcare sector fuelling the growth

2018-04-24 14:30:32

According to a new report published by Reports Monitor titled, “Global Healthcare Biometrics Market, Growth Opportunities, Innovations and Forecast, 2017-2025,” the Healthcare Biometrics Market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025.

Healthcare Biometrics is an application used in the medical sector for monitoring the patient data. It includes the features such as access control, identification, workforce management and patient record storage. Biometric authentication systems are considered to be more accurate and reliable than traditional password system.

Increase in the number of data breaches and thefts in healthcare sector; have resulted in driving the market growth. According to the statistics provided by Identity Theft Resource Center (ITRC), in 2016 34.5% of total data breaches occurred in healthcare sector. Favorable policies adopted by government sector regarding the adoption of biometrics in healthcare sector also propel the market growth. However, high initial cost and other complexities involved may result in hampering the market growth.

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The Healthcare Biometrics market report has been categorized in three sections, the first section entitled as market overview offers a holistic view of the market, coupled with its key trends, drivers, restraints and opportunities. Our analyst implements, several qualitative tools such as SWOT analysis, Porter’s five force analysis among other to interpret and represent key industry findings. The second section provides estimated market size and forecast for key market segments and regional market. The final part includes the study of competitors operating in the market, which includes their mergers/acquisitions, new product development and their financial overview.

The global healthcare biometrics market is majorly segmented on the basis of technology and applications. Based on the technology adopted, market is bifurcated into: Face Recognition, Iris Recognition, Hand Recognition, Voice Recognition, Fingerprint Recognition, Vein Recognition, Signature Recognition, and Other Techniques. On the basis of application, market is segmented into: logical access control, physical access control and transaction authentications.

Global healthcare biometrics market is analyzed across: North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa). Immense investment in the healthcare sector coupled with the presence of prominent players majorly influences the growth in North American region. Emergence of IoT applications in healthcare sector supports the market growth in Asia Pacific.

The major players operating in the market are: NEC Corporation, Fujitsu, 3M, MorphoTrust, Imprivata, Inc., Suprema, BIO-key International, Crossmatch, Hitachi Ltd., Integrated Biometrics, Genkey Solutions B.V., Agnitio, Nuance Communications, Inc., and Qualcomm Technologies, Inc. 

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