Healthcare biometrics refers to a variety of biometric applications that are used in hospitals and clinics to track and monitor patients' health. The market for healthcare biometrics is driven by various government initiatives in the field of healthcare biometrics in response to an increase in healthcare fraud and to improve security for protecting healthcare information.
MARKET SCOPE
The Global Healthcare Biometrics Market Analysis to 2028 is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the healthcare biometrics market with detailed market segmentation by technology, application and end user. The report provides key statistics on the market status of the leading healthcare biometrics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on technology the market is segmented as, multimodal authentication technology, multi- factor authentication technology and single-factor authentication technology.
- Based on application the market is segmented as, patient identification, medical record, pharmacy dispensing, workforce management, data center security, remote patient monitoring and others.
- Based on end user the market is segmented as, hospitals and clinics, research and clinical laboratories and healthcare institutions.
MARKET DYNAMICS
Drivers:
- Various initiatives taken by government in the field of healthcare biometric owing to increase in healthcare fraud and to improve security for protecting healthcare information.
- Increased adoption of biometrics in healthcare is also expected to spur the market growth.
- Rising healthcare expenditures is expected to support market growth during the forecast period.
- Growing incidences of medical identity threats.
Restraints:
- However, high costs of biometric healthcare devices is expected to restrain market growth during the forecast period.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The healthcare biometrics market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the healthcare biometrics market in these regions.
IMPACT OF COVID-19 ON HEALTHCARE BIOMETRICS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. According to the current market situation, the report further assesses the present and future effects of the COVID-19 pandemic on the overall market, giving more reliable and authentic projections In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the healthcare biometrics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from healthcare biometrics market are anticipated to lucrative growth opportunities in the future with the rising demand for healthcare biometrics in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the healthcare biometrics market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- GenKey
- FUJITSU
- NEC Corporation
- Nuance Communications, Inc
- Imprivata, Inc.
- SUPREMA
- Bio-Key International
- ASSA ABLOY
- IRITECH, INC.
- ZKTECO CO., LTD