The 97-page comprehensive study forecasts that the global healthcare biometrics market will grow to US$5.8 billion in 2019, from an estimated US$1.2 billion in 2012. The report, titled “Healthcare Biometrics Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019”, also indicates that the healthcare biometrics market will grow at a remarkable 25.9% CAGR from 2013 to 2019.
Browse the full Healthcare Biometrics Market (Fingerprint, Face, Iris, Voice, Vein, Signature and Hand Recognition Technologies, Logical Access Control, Physical Access Control and Transaction Authentication Applications) – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019 report at http://www.transparencymarketresearch.com/healthcare-biometrics-market.html
This market research report on the global healthcare biometrics market provides a comprehensive overview of the market structure, the demand drivers, the challenges, the key market players, and the future market forecasts. The quantitative and the qualitative market facts presented in this research report are based on primary and secondary sources of information. The report also includes valuable inputs derived from industry experts and professionals.
With a vast collection of graphical and tabular representations, this market study highlights the ongoing trends in this market and throws light on the performance of this market so far. The report uses analytical tools such as the SWOT analysis and the Porter’s five forces analysis to weigh out the challenges and potential opportunities in the global healthcare biometrics market. This market research report segments the global healthcare biometrics market on the basis of technology, applications, and geography.
According to this report, healthcare biometrics are mainly used in the areas of transaction authentication, physical access control, and logical access control. Geographically, this report segments the global healthcare biometrics market into North America, Europe, Asia Pacific, and Rest of the World. This research report throws light on the competitive landscape of the global healthcare biometrics market by identifying the key companies operating in this market and by also describing the profiles of each. The information, data, facts, and figures compiled in this research report create a strong foundation for effective decision making.
Geographically, North America dominates the global healthcare biometrics market owing to extensive implementation of healthcare fraud controlling systems and enforcement of legislations such as HIPAA (Health Insurance Portability and Accountability Act) in the U.S. Furthermore, majority of the market leaders are domiciled in the U.S. and are aggressively involved in technological advances, eventually introducing new biometric devices and products in the global market. Well established market players are also increasingly pushing their cost effective products in emerging markets coupled with showcasing their cost and safety related advantages thereby increasing their adoption in such regions. Growing acceptance of biometrics in by major medical fields and its verified efficiency in hospitals, clinical laboratories, research labs and other healthcare facilities drives the market for healthcare biometrics in North America.
Moreover, factors such as reduction in healthcare frauds, secured patient privacy and medical records, reduction in fake insurance claims reduction in identification and reimbursement processing, cost containment of the biometric devices and introduction of cheaper products with better accuracy will result in rapid adoption of biometrics security solutions in healthcare sector in the emerging markets. Use of multimodal biometric system, which combines different types of biometric methods, such as combining facial and iris recognition is currently rapidly progressing trend. Biometrics is a promising and a fast growing segment in the field of next generation personal authentication and security systems and is changing the perception and look of healthcare industry.
The healthcare biometrics market is segmented on the basis of technology into face recognition, signature recognition, vein recognition, hand recognition, fingerprint recognition, voice recognition, iris recognition, and others. The major applications that make use of healthcare biometrics are physical access control, logical access control, and transaction authentication. By region, the healthcare biometrics market is segmented into North America, Europe, Asia-Pacific, and Rest of the World.
North America has been leading the healthcare biometrics market and the region is expected to retain the lead in the years to come. The research report by TMR states that North America and Europe together hold 75% of the global market share.
There are numerous large and small players in the global healthcare biometrics market and by nature, the competitive landscape is fragmented and consolidated. Activities such as mergers, acquisitions, partnerships, and cost-containment efforts are carried out on a large scale, making the healthcare biometrics market highly dynamic. The participants who feature in the research report are SAFRAN SA, BIO-key International, Inc., M2SYS LLC, Lumidigm, Inc., DigitalPersona, Inc., Suprema, Inc., Siemens AG, Aware, Inc., Cross Match Technologies, Inc., NEC Corporation, 3M Cogent, Inc., Fujitsu Ltd., and ZKTeco, Inc.
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