The global healthcare biometric market is expected to reach USD 14.5 billion by 2025,
according to a new report by Grand View Research, Inc. The migration of health
system and hospitals to Electronic Health Records (EHR) and computerized physician
order entry is expected to propel the demand for healthcare biometrics over the
forecast period.
As more Healthcare
Information Exchanges (HIE) are built across the network to coordinate care,
the demand for technologies to combat data corruption and unauthorized access
is expected to increase, thereby contributing to the market growth of
healthcare biometrics during the forecast period.
Implementation of
biometrics is expected to increase the security for patients, doctors, and
nurses. The HIPPA has imposed stringent new regulations to safeguard
confidentiality and privacy of patient information. These regulations are also
expected to drive the deployment of biometrics in healthcare system, thereby
contributing to the market growth over the forecast period.
Improvements in the
existing technologies and the development of multipurpose authentication
devices are expected to facilitate commercialization of advanced products. As a
result, adoption of these devices is expected to escalate in the healthcare
space in the near future.
The rise of consumerism
in healthcare and increase in disposable income in emerging countries is also
expected to boost the adoption of new technologies such as biometrics by health
system, thereby propelling the market growth healthcare biometrics market
during the forecast period.
Access
Research Report of Healthcare
Biometric Market@ www.grandviewresearch.com/industry-analysis/biometrics-in-healthcare-market
Further key findings from the report suggest:
· The global face recognition technology
market is anticipated to reach over 2.0 billion by 2025, at a CAGR of 23.0%
from 2017 to 2025
· In terms of technology, others segment
which includes DNA analysis, retina analysis, and ECG analysis is expected to
show the fastest growth during the forecast period
· In terms of technology, iris recognition is
also expected to show lucrative growth owing to its uniqueness as compared to
other technologies
· North America is expected to dominate the
healthcare biometric market during the forecast period
· Asia pacific is expected to show the
fastest growth in healthcare biometric market over the forecast period
· The market is partially consolidated and
competitive in nature, with presence of global multinational players
· Some of the key companies present in the
market include NEC Corporation, Fujitsu, 3M, MorphoTrust, Imprivata, Inc.,
Suprema, BIO-key International, Crossmatch, Hitachi Ltd., Integrated
Biometrics, Genkey Solutions B.V., Agnitio, Nuance Communications, Inc., and
Qualcomm Technologies, Inc.
Grand View Research has
segmented the global healthcare biometric market on the basis of technology and
region:
Technology Type Outlook (Revenue, USD Million, 2014 -
2025)
·
Face Recognition
·
Fingerprint Recognition
·
Iris Recognition
·
Vein Recognition
·
Palm Geometry Recognition
·
Behavioral Recognition
·
Others
Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o Japan
o China
·
Latin America
o Brazil
o Mexico
·
MEA
o South Africa
o Saudi Arabia
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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