Biometrics in healthcare applications essentially refer to staff and patient identification solutions. Biometrics solutions are often used in combination with smart cards and passwords for secure access to sensitive records and reports, and to facilitate patient registration requirements. In the near future biometrics use in healthcare will reflect the growing demand to address healthcare frauds in the developed markets along with the escalating need to ensure patient privacy. It is also anticipated that the key healthcare areas that will witness significant demand for biometrics solutions are home and remote care patients, authentication of care providers, patient tracking in healthcare facilities and prescription dispensing. It is expected that consumer-end solutions such as prescription dispensing and home or remote location monitoring will witness highest software purchases and thus generate significant sales.
The purpose of this research study titled ‘Healthcare Biometrics Market - Growth, Future Prospects, and Competitive Analysis, 2021 – 2029’ is to provide investors, developers, company executives and industry participants with in-depth analysis to allow them to take strategic initiatives and decisions related to the prospects in the global healthcare biometrics market. This report presents and analyzes the major trends prevalent in the global healthcare biometrics market and the market size and forecast.
This report categorizes the global healthcare biometrics market in terms of technologies, applications, usage areas, and geographical distribution. Based on technologies, the global healthcare biometrics market is studied for fingerprint recognition, iris recognition, palm geometry recognition, vein/vascular recognition, face recognition and behavioral recognition (signature recognition, voice recognition and others). record management and data security, healthcare staff authentication and workforce management, patient identification and tracking, remote & home care patient monitoring, prescription dispensing and others are the application areas considered for the purpose of this study. Additionally, the prime usage areas of healthcare biometrics include hospitals and clinics, pharmaceutical and medical device manufacturing, research and academia, and healthcare institutions and home care. Market size and forecast for each mentioned segment for the period 2019-2029 is presented in the report along with respective CAGRs for the forecast duration 2021-2029.
The market size and forecast of each considered geographical market is presented for the period 2019-2029 along with CAGRs for the forecast period 2021-2029 in this study and are further cross-sectional presented in terms of technologies, applications, usage areas and constituent region/country level markets.
This report also includes qualitative assessment factors such as market dynamics (drivers, restraints and opportunities) to have a good understanding of the current and anticipated trends in the global healthcare biometrics market. Competition assessment tools such as Porter’s five forces model, market attractiveness assessment and competitive landscape analysis by key players are also demonstrated in the study. Furthermore, this report concludes with profiling of key market players currently enjoying prominent position in the global healthcare biometrics market. The key players profiled in this report are BIO-key International, TOC Biometrics, Princeton Identity, Inc., BioConnect, NEC Corporation, Cross Match Technologies, Inc., NuData Security, Inc., FST Biometrics Corporation, HID Global Corporation, Iris ID Systems, Inc. and MorphoTrak, Inc.
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Healthcare Biometrics market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Million |
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Technology
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Applications
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Usage Area
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Region Segment (2022-2032; US$ Million)
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Key questions answered in this report
