Global Healthcare Biometrics Market Report By Technology (Face Recognition, Iris Recognition, Hand Recognition, Voice Recognition, Fingerprint Recognition, Vein Recognition, Signature Recognition), By Application (Patient Identification & Tracking, Medical Record Security & Data Center Security, Care provider authentication, Home/remote patient monitoring, Pharmacy dispensing, Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2020-2027

ID:VMR11214599

April 2021

Global Healthcare Biometrics Market Overview

The key driver impacting the healthcare biometrics market is the growing incidence of healthcare data breaches and medical identity theft. For instance, In U.S, over 15 million health records have been compromised by data breaches, as per the health and human services breach report. According to the Identity Theft Resource Center’s (ITRC) Data Breach Report (2019), around 525 medical and healthcare data breaches occurred in 2019, revealing over 39 million sensitive records. The healthcare and medical sector had the second-highest number of breaches and exposed sensitive records of all the sectors tracked by the ITRC. The rising number of healthcare care data breach cases is expected to create a massive demand for biometric technology in the medical industry to collect patient data and registration data. Moreover, the growing technological advancements in the biometric healthcare industry contribute to the healthcare biometrics market growth in the coming years.

According to Value Market Research, the global healthcare biometrics market size was valued at around USD 3000 million in 2020 and is estimated to grow at a CAGR of about 20% during the forecast period 2021 to 2027.

The high implementation of government initiatives encouraging the adoption of biometrics in healthcare is estimated to augment healthcare biometrics needs in the forecast period. For instance, In January 2014, the European Union’s Justice Commissioner asked for hefty fines for companies that break European data privacy laws. In the U.S. Health Insurance Portability and Accountability Act of 1996 (HIPAA) was started in healthcare clearinghouses, healthcare providers, health plans, who hands-on Electronic Protected Health Information (EPHI)as a part of their business. They are obligated to utilize reasonable and appropriate levels of security to control access to EPH. Also, in 2014, the government of India started a new database facility known as the Aadhar Card under the National Health Assurance Mission. The Indian government utilized its national Aadhaar biometric database to employ its universal healthcare program. It is the largest biometric ID system globally. However, the high cost of biometric devices may hamper the market in the long run. Also, the issues related to the use of biometric technologies negatively impact the market. The current industry trends, such as contactless biometric authentication and Integration of biometric solutions in healthcare set-ups in emerging economies, are expected to offer new market opportunities for the key players.

The healthcare biometrics market is vast, with many local and global players. The healthcare biometrics market is extensive, with many regional and international players. The key market players follow several strategies to improve their market position, such as amalgamation, extending product portfolio, contracts, acquisitions, product upgrades to enlarge their market share across the globe. For instance, In April 2016, Suprema, Inc. launched BioStation L2, time-attendance, and comprehensive access control solution with a fingerprint terminal. It is a mid-range device that can be utilized to support enterprise-level requirements at a reasonable cost. The important players studied in the report are NEC Corporation, Fujitsu, 3M, MorphoTrust, Imprivata, Inc., Hitachi Ltd., Suprema, Crossmatch, BIO-key International, Hitachi Ltd., Integrated Biometrics, Genkey Solutions B.V., Agnitio, Qualcomm Technologies, Inc, Suprema, and Nuance Communications, Inc.

In this research report, the healthcare biometrics market is segmented by technology, application, and region.

Analysis by Technology
By technology, the report is categorized into face recognition, iris recognition, hand recognition, voice recognition, fingerprint recognition, vein recognition, and signature recognition. The fingerprint recognition segment dominates the route of the administration segment with over 30% share in 2020. It is due to the wide adoption and higher reliability, fingerprint recognition. Moreover, the high-security facility provided by the DNA analysis system is expected to facilitate the growth of the electroencephalogram and DNA-based recognition technology, thus contribute to the face recognition segment growth in the forecast period.

Analysis by Application:
By application, the report is categorized into medical record security & data center security, patient identification & tracking, care provider authentication, pharmacy dispensing, and home/remote patient monitoring, and others (includes narcotic security and counter insurance frauds). Patient identification & tracking dominates the application segment with over 25% share in 2020. It is due to its vast adoption of biometric techniques in tracking and identifying patients by healthcare institutions to lower the chances of hacking and fraudulent claims. Moreover, biometrics helps physicians keep track of the patients' medical history and the associated treatments provided, thus contributing to the high market demand for patient identification & tracking application in the forecast period.

Analysis by Region:
In the regional outlook of the global healthcare biometrics market, the North American region dominates globally with a 40% market share in the forecast period. It is due to the high adoption of technologically advanced biometric systems to collect patient data and registration data. The rising number of frauds and criminal cases occurring in the healthcare sector across the U.S. is likely to create more market demand in the coming years. Moreover, the growing establishment of new healthcare facilities such as hospitals and clinics contributes to market growth across North America.

Market Segmentation covered in the Report:
By Technology:

By Application:

Patient Identification & Tracking
Medical Record Security & Data Center Security
Care provider authentication
Home/remote patient monitoring
Pharmacy dispensing
Others (Includes narcotic security and counter insurance frauds)

By Region

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

METHODOLOGY

This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology

2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot

3 . HEALTHCARE BIOMETRICS – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Technology
           3.7.2 By Application
           3.7.3 By Region

4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend

5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis

6 . GLOBAL HEALTHCARE BIOMETRICS MARKET ANALYSIS BY TECHNOLOGY
       6.1 Overview by Technology
       6.2 Historical and Forecast Data
       6.3 Analysis by Technology
       6.4 Face Recognition Market by Regions
       6.6 Iris Recognition Market by Regions
       6.5 Hand Recognition Market by Regions
       6.7 Voice Recognition Market by Regions
       6.8 Fingerprint Recognition Market by Regions
       6.9 Vein Recognition Market by Regions
       6.10. Signature Recognition Market by Regions

7 . GLOBAL HEALTHCARE BIOMETRICS MARKET ANALYSIS BY APPLICATION
       7.1 Overview by Application
       7.2 Historical and Forecast Data
       7.3 Analysis by Application
       7.4 Patient Identification & Tracking Market by Regions
       7.5 Medical Record Security & Data Center Security Market by Regions
       7.6 Care provider authentication Market by Regions
       7.7 Home/remote patient monitoring Market by Regions
       7.8 Pharmacy dispensing Market by Regions
       7.9 Others Market by Regions

8 . GLOBAL HEALTHCARE BIOMETRICS MARKET ANALYSIS BY GEOGRAPHY
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
     8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
          8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa

9 . COMPETITIVE LANDSCAPE OF THE HEALTHCARE BIOMETRICS COMPANIES
       9.1. Healthcare Biometrics Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments

10 . COMPANY PROFILES OF HEALTHCARE BIOMETRICS INDUSTRY
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. NEC Corporation
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Fujitsu
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. 3M
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. MorphoTrust
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Imprivata, Inc.
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Hitachi Ltd.
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Suprema
           10.9.1. Company Overview
           10.9.2. Financials
          10.9.3. Products
           10.9.4. Recent Developments
       10.10. Crossmatch
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. BIO-key International
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. Hitachi Ltd.
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Integrated Biometrics
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
       10.14. Genkey Solutions B.V.
           10.14.1. Company Overview
           10.14.2. Financials
           10.14.3. Products
           10.14.4. Recent Developments
       10.15. Agnitio
           10.15.1. Company Overview
           10.15.2. Financials
           10.15.3. Products
           10.15.4. Recent Developments
       10.16. Qualcomm Technologies, Inc
           10.16.1. Company Overview
           10.16.2. Financials
           10.16.3. Products
         10.16.4. Recent Developments
       10.17. Suprema
           10.17.1. Company Overview
           10.17.2. Financials
           10.17.3. Products
           10.17.4. Recent Developments
       10.18. Nuance Communications, Inc
           10.18.1. Company Overview
           10.18.2. Financials
           10.18.3. Products
           10.18.4. Recent Developments

*Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

LIST OF TABLES

LIST OF FIGURES

Research Scope of Healthcare Biometrics Report
Market Research Process
Market Research Methodology
Global Healthcare Biometrics Market Size, by Region (USD MN)
Porters Five Forces Analysis
Market Attractiveness Analysis by Technology
Market Attractiveness Analysis by Application
Market Attractiveness Analysis by Region
Value Chain Analysis
Global Market Analysis by Technology (USD MN)
Face Recognition Market by Geography (USD MN)
Iris Recognition Market by Geography (USD MN)
Hand Recognition Market by Geography (USD MN)
Voice Recognition Market by Geography (USD MN)
Fingerprint Recognition Market by Geography (USD MN)
Vein Recognition Market by Geography (USD MN)
Signature Recognition Market by Geography (USD MN)
Global Market Analysis by Application (USD MN)
Patient Identification & Tracking Market by Geography (USD MN)
Medical Record Security & Data Center Security Market by Geography (USD MN)
Care provider authentication Market by Geography (USD MN)
Home/remote patient monitoring Market by Geography (USD MN)
Pharmacy dispensing Market by Geography (USD MN)
Others Market by Geography (USD MN)
Global Market by Revenue
North America Market by Revenue
Europe Market by Revenue
Asia Pacific Market by Revenue
Latin America Market by Revenue
Middle East & Africa Market by Revenue
Recent Development in Industry
Company Market Share Analysis, 2020

* Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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Objectives of Study

Define and measure the global market
Volume or revenue forecast of the global market and its various sub-segments with respect to main geographies
Analyze and identify major market trends along with the factors driving or inhibiting the market growth
Study the company profiles of the major market players with their market share
Analyze competitive developments

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ID:VMR11214599

April 2021

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