Healthcare Biometrics Market is expected to grow at a considerable rate during the forecast period 2019-2025. Biometrics system is used to recognize the physical and behavioral characteristics of a person. The biometrics system is designed to be used as an identification (recognition) system or authentication (verification) system, which is based on the target application. The biometric sensor transforms biometric of a person into an electrical signal. The factors contributing to the growth of the healthcare biometric market includes increasing government initiatives for the adoption of biometrics in the healthcare sector and growing demand for patient data security. Global healthcare biometrics market players are contributing significantly into the growth of the market through technological advancement and innovation. Major healthcare biometrics companies such as IBM Corp. is focused on developing biometric solutions for healthcare industry. For instance, the biometrics Watson mini two-finger device is fingerprint scan, a utilized application developed by IDversol and provide individual result confirmation, counseling, and initial antiretroviral therapy.
On the basis of solution, the healthcare biometrics market is segmented into face recognition, fingerprint/hand recognition, voice recognition, iris/eye recognition, and other. There are various companies providing healthcare biometrics such as NEC Corp., Fujitsu Ltd., Gemalto N.V., IDEMIA, Suprema Inc., BIO-Key International Inc., and Cross Match Holdings, Inc. These companies are developing biometrics technology and solutions to stay competitive in the market. The key strategies adopted by major healthcare biometrics market players includes merger & acquisition, product launch, collaboration and geographical expansion to stay competitive in the market.
Geographically, the market is divided into North America, Europe, Asia-Pacific and Rest of the World (RoW). North America region dominates the global healthcare biometrics market attributed to adoption of a biometric system to prevent healthcare fraud and secure the patient’s health records. Whereas, Asia-Pacific is expected to be the fastest growing region owing to the increasing demand for biometrics in the healthcare sector. Further, government in emerging economies are adopting biometric systems attributed to several program for digitalization in healthcare. The need for biometrics system in healthcare is increasing for patient safety, for instance, in India, Tamil Nadu State AIDS Control Society (TANSACS) is demanding for the changes in donor screening process at government blood banks after the incident of the pregnant woman received blood transfusion infected with HIV.
Research Methodology:
The market study of the global healthcare biometrics market is incorporated by extensive primary and secondary research conducted by a research team at OMR. Secondary research has been conducted to refine the available data to break down the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macroeconomic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings the authenticity of our reports.
Secondary Sources Include:
- Financial reports of companies involved in the market.
- Authentic Public Databases such as the HIMSS, IBIA, and others
- Whitepapers, research-papers and news blogs.
- Company websites and their product catalog.
The report is intended for research organizations, government research organization, academic institutions and universities, investment companies, for overall market analysis and competitive analysis. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.
Market Segmentation:
- Global Healthcare Biometrics Market Research and Analysis by Solution
- Global Healthcare Biometrics Market Research and Analysis by Application
- Global Healthcare Biometrics Market Research and Analysis by End-User
The Report Covers:
- Comprehensive research methodology of the global healthcare biometrics market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the global healthcare biometrics market.
- Insights about market determinants which are stimulating the global healthcare biometrics market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
