Mar 24, 2021, 05:34 EST
Shibuya-ku, Tokyo, Japan, Japan, Mar 24, 2021, 05:34 /Comserve / -- The research report analyze market size, share, growth, trends, segmentation, top key players, strategies, demand, statistics, competitive landscape and forecast.
Healthcare biometrics refers to different biometric applications used in hospitals and clinics to monitor the health of the patients. Different initiatives taken by government in the field of healthcare biometric due to rise in healthcare fraud and to increase security for protecting healthcare information drive the market for healthcare biometrics.
Furthermore, emerging applications across novel fields of clinical research of medical devices are expected to open new avenues in the healthcare biometric market. Also, the increase in government initiatives toward healthcare infrastructure in the developing countries drive the global healthcare biometric market.
However, factors such as consumer acceptance and high cost of healthcare biometric devices impede the market growth.
Key Market Trends
Multifactor-factor Authentication is Expected to Cover a Large Share of the Market
Adding more authentication factors expand the security of any access management solution into multi-factor authentication (MFA). MFA offers scalable, tiered levels of security that can be deployed for controlling access to the most sensitive of data. Medical information, databases, and the other valuable information should all deploy various levels of MFA, incorporating several factors, which can include passwords, secret questions, OTPs, location, user behavior, registered mobile devices, etc other than biometrics.
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According to a 2016 report by Center for Identity at the University of Texas at Austin, most of the biometrics authentication in healthcare is used for patient tracking and monitoring, although usage for access control, identification, workforce management and patient record storage is also inceasing. hence all these factors, coupled with safety of MFA over traditional methods is expected to help the growth of the market.
North America is Expected to Dominate the Healthcare Biometrics Market
The North American region is expected to increase due to the high number of frauds and crimes occurring in the healthcare sector. The presence of high incidence of fraudulent activities is expected to increase the rate of adoption of these technologically advanced biometric systems to gather patient data and registration data. Furthermore, due to the establishment of new healthcare facilities such as hospitals and clinics may act as a primary driving force for the growth of this market in the region.
Asia Pacific, is also expected to record the fastest growth due to factors such as rising government support, the emergence of IoT applications.
Majority of the healthcare biometrics are being manufactured by the global key players. Joint ventures and collaborations amongst the players can be expected in the forecast period. These systems combined with rising awareness levels and seamless integration solution systems across different verticals are a few key strategies that are expected to be implemented by the players.
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1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Implementation of Government Initiatives Supporting the Adoption of Biometrics in Healthcare
4.2.2 Rising Incidence of Healthcare Data Breaches and Medical Identity Theft
4.3 Market Restraints
4.3.1 High Cost of Biometric Devices
4.3.2 Issues Related to the Use of Biometric Technologies
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5 MARKET SEGMENTATION
5.1 By Technology
5.1.1 Single-factor Authentication
5.1.2 Multi-factor Authentication
5.1.3 Other Technologies
5.2 By Application
5.2.1 Medical Record and Data Center Security
5.2.2 Patient Identification and Tracking
5.2.3 Care Provider Authentication
5.2.4 Home/Remote Patient Monitoring
5.2.5 Other Applications
5.3 By End User
5.3.2 Research and Clinical Laboratory
5.3.3 Other End Users
5.4.1 North America
188.8.131.52 United States
184.108.40.206 United Kingdom
220.127.116.11 Rest of Europe
18.104.22.168 South Korea
22.214.171.124 Rest of Asia-Pacific
5.4.4 Middle-East and Africa
126.96.36.199 South Africa
188.8.131.52 Rest of Middle East and Africa
5.4.5 South America
184.108.40.206 Rest of South America
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Zkteco, Inc
6.1.2 Thales Group
6.1.3 Bio-Key International Inc
6.1.4 Crossmatch Technologies Inc
6.1.5 Fujitsu Limited
6.1.6 Imprivata Inc
6.1.9 NEC Corporation
6.1.10 Suprema Inc
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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