The global healthcare biometrics market is expected to grow at a moderate rate during the forecast period. Growing awareness and demand for biometric development and cybersecurity in the healthcare sector is boosting the growth of the global healthcare biometric market. An increasing number of healthcare data breaches and identity theft leads to expand the growth of the market.
Moreover, governments in many countries are supporting and taking initiatives for the adoption of biometrics in the healthcare sector is the important factor expected to boost the growth of the healthcare biometrics market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.
On the other hand, a lack of awareness among patients and the high cost of biometrics devices for healthcare along with the challenges associated with the handling and use of biometric devices is likely to hamper the global Healthcare Biometrics market during the forecast period.
Covid-19 Impact on Healthcare Biometrics Market:
In addition, the current Healthcare Biometrics Market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Healthcare Biometrics Market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Healthcare Biometrics Market Segment Overview
According to Technology types, the market is segmented into Single-factor Authentication, Multi-factor Authentication, and Other Technologies. Among these Multi-factor Authentication holds the largest share of the market mainly because it adds a multi-layer of authentications and an extra level of security that controls the access to sensitive and confidential data.
Based on application, the Patient Identification and Tracking segment are expected to grow at the highest rate in the coming years. Various historical and present medical records are stored by healthcare professionals (HCPs) to do research, plan treatments, and insurance reimbursement and hence are adopting digitization of these medical records. Additionally, biometrics can also help in reducing fraud by identifying duplicate patient records, thus it boosting the demand for Healthcare Biometrics globally.
Market Analysis, Insights and Forecast – By Technology
· Single-factor Authentication
· Multi-factor Authentication
· Other Technologies
Market Analysis, Insights and Forecast – By Application
· Medical Record and Data Center Security
· Patient Identification and Tracking
· Care Provider Authentication
· Home/Remote Patient Monitoring
· Others Applications
Market Analysis, Insights, and Forecast – By End-user
· Hospital/Clinics
· Research and Clinical Laboratory
· Other End Users
Healthcare Biometrics Market Regional Overview
Region-wise, North America dominated the global Healthcare Biometrics market and is expected to continue its dominance during the forecast period. Factors such as the rising number of frauds and crimes occurring in the healthcare sector around the world, and high health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, rising awareness about health, a surge in investment in pharmaceuticals and biotechnology sectors, and growing adoption of biometric technology for Medical Record and Data Center Security and Patient Identification and Tracking are expected to escalate the growth of the Healthcare Biometrics market in the Asia Pacific region.
Healthcare Biometrics Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Healthcare Biometrics Market Competitor overview
Some key developments and strategies adopted by manufacturers in Healthcare Biometrics are highlighted below.
· In June 2019, Gavi, the Vaccine Alliance, NEC Corporation, and Simprints Technology Ltd. Came into a partnership for use of biometrics to improve immunization coverage in developing countries. This new partnership will deploy the world's first scalable fingerprint identification solution to give children aged 1-5 a digital ID linked to an accurate, complete medical record.
Healthcare Biometrics Market, Key Players
· Thales Group
· Zkteco, Inc.
· Bio-Key International Inc.
· Crossmatch Technologies Inc.
· Fujitsu Limited
· Imprivata Inc.
· Lumidigm
· Morpho
· NEC Corporation
· Suprema Inc.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Healthcare Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Technology
- 5.2.1. Single-factor Authentication
- 5.2.2. Multi-factor Authentication
- 5.2.3. Other Technologies
- 5.3. Market Analysis, Insights and Forecast – By Application
- 5.3.1. Medical Record and Data Center Security
- 5.3.2. Patient Identification and Tracking
- 5.3.3. Care Provider Authentication
- 5.3.4. Home/Remote Patient Monitoring
- 5.3.5. Others Applications
- 5.4. Market Analysis, Insights and Forecast – By End-user
- 5.4.1. Hospital/Clinics
- 5.4.2. Research and Clinical Laboratory
- 5.4.3. Other End Users
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Healthcare Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Technology
- 6.2.1. Single-factor Authentication
- 6.2.2. Multi-factor Authentication
- 6.2.3. Other Technologies
- 6.3. Market Analysis, Insights and Forecast – By Application
- 6.3.1. Medical Record and Data Center Security
- 6.3.2. Patient Identification and Tracking
- 6.3.3. Care Provider Authentication
- 6.3.4. Home/Remote Patient Monitoring
- 6.3.5. Others Applications
- 6.4. Market Analysis, Insights and Forecast – By End-user
- 6.4.1. Hospital/Clinics
- 6.4.2. Research and Clinical Laboratory
- 6.4.3. Other End Users
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Healthcare Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Technology
- 7.2.1. Single-factor Authentication
- 7.2.2. Multi-factor Authentication
- 7.2.3. Other Technologies
- 7.3. Market Analysis, Insights and Forecast – By Application
- 7.3.1. Medical Record and Data Center Security
- 7.3.2. Patient Identification and Tracking
- 7.3.3. Care Provider Authentication
- 7.3.4. Home/Remote Patient Monitoring
- 7.3.5. Others Applications
- 7.4. Market Analysis, Insights and Forecast – By End-user
- 7.4.1. Hospital/Clinics
- 7.4.2. Research and Clinical Laboratory
- 7.4.3. Other End Users
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Healthcare Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Technology
- 8.2.1. Single-factor Authentication
- 8.2.2. Multi-factor Authentication
- 8.2.3. Other Technologies
- 8.3. Market Analysis, Insights and Forecast – By Application
- 8.3.1. Medical Record and Data Center Security
- 8.3.2. Patient Identification and Tracking
- 8.3.3. Care Provider Authentication
- 8.3.4. Home/Remote Patient Monitoring
- 8.3.5. Others Applications
- 8.4. Market Analysis, Insights and Forecast – By End-user
- 8.4.1. Hospital/Clinics
- 8.4.2. Research and Clinical Laboratory
- 8.4.3. Other End Users
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Healthcare Biometrics Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Technology
- 9.2.1. Single-factor Authentication
- 9.2.2. Multi-factor Authentication
- 9.2.3. Other Technologies
- 9.3. Market Analysis, Insights and Forecast – By Application
- 9.3.1. Medical Record and Data Center Security
- 9.3.2. Patient Identification and Tracking
- 9.3.3. Care Provider Authentication
- 9.3.4. Home/Remote Patient Monitoring
- 9.3.5. Others Applications
- 9.4. Market Analysis, Insights and Forecast – By End-user
- 9.4.1. Hospital/Clinics
- 9.4.2. Research and Clinical Laboratory
- 9.4.3. Other End Users
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Thales Group
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Zkteco, Inc.
- 10.6. Bio-Key International Inc.
- 10.7. Crossmatch Technologies Inc.
- 10.8. Fujitsu Limited
- 10.9. Imprivata Inc.
- 10.10. Lumidigm
- 10.11. Morpho
- 10.12. NEC Corporation
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
