Global biometric service in healthcare market

Global Biometric Service in Healthcare Market Size, by Modality type (Unimodal , Multimodal ), Deployment model (Public cloud, Private cloud), End use, & Region - Key Manufacturers, Analysis, Growth Trends, and Forecast till 2025

Category: Telecom and IT     ID: IRP1688     Date: Aug, 2020
The global Biometric Service in Healthcare market was estimated to be valued at USD XX million in 2018 and is projected to reach USD XX million/billion by 2025, at a CAGR of XX% during 2018 to 2025. Scope of global Biometric Service in Healthcare market includes by Modality type (Unimodal , Multimodal , Malware), by Deployment model (Public cloud, Private cloud, Hybrid cloud), by End use (Pharmacy dispensing, Care provider authentication, Medical record security & data center security, Patient identification and tracking, Narcotic security, Others), and by Region (North America- U.S., Canada; Europe- U.K., France, Germany; Asia-Pacific- China, Japan, India; Latin America- Brazil, Mexico; Middle East & Africa- South Africa, Saudi Arabia).

Biometric is a equipment based on the biology and used in information assurance. Biometric identification safeguards the entry via human biological information such as fingerprints or DNA. Healthcare is now accepting the new biometric technology to prevent data as well as financial losses. Unimodal biometric have certain restrictions, which can be reduced by multimodal biometric system. The data stored in this is authenticated and proved identities are recorded in the database. Biometrics generally known to the measurable biological characteristics. It is an authentication system that relies on countable physical characteristics, which can be checked repeatedly.
Employment of biometrics is expected to rise the security for patients, doctors, and nurses. The HIPPA has imposed stringent new regulations to safeguard privacy and privacy of patient information. These protocols are also normal to drive the deployment of biometrics in healthcare system, thus contributing to the market growth over the forecast period.
Improvements in the existing technologies and the development of adaptable authentication devices anticipated to facilitate commercialization of advanced products. As a result, adoption of these devices anticipated to escalate in the healthcare space in the near future.
The increase of consumerism in healthcare and rise in disposable income in emerging countries is also expected to boost the adoption of new technologies such as biometrics by health system, thereby driving the market growth healthcare biometrics market during the forecast period.
North America is anticipated to contribute the highest market share in terms of revenues during the forecast period as it is a technically advanced region with a high number of early adopters and the presence of major market players. Factors including large-scale funded programs and employee access observing in buildings are driving the revenue growth in this region. Asia Pacific anticipated to donate to the fastest-growing region with the highest CAGR during the forecast period as it is getting technically equipped with the early acceptance of new technologies. Factors such as rising cyber-attacks and inefficiency of large and small businesses in this region to manage and mitigate the risks related with identity-related cyberattacks are driving the revenue growth in this region

The global Biometric Service in Healthcare market is primarily segmented by Modality type, Deployment model, end use, and region.

On the basis of Modality type, the market is split into:
* Unimodal
* Multimodal

Based on Deployment model, the market is divided into:
* Public cloud
* Private cloud
* Hybrid cloud
Based on the end use, the market is segmented into:
* Pharmacy dispensing
* Care provider authentication
* Medical record security & data center security
* Patient identification and tracking
* Narcotic security
* Others

Moreover, the market is classified across regions and countries as follows:
* North America- U.S., Canada
* Europe- Russia, U.K., France, Germany, Italy
* Asia-Pacific- China, Japan, India, Australia
* Latin America- Brazil, Mexico
* Middle East & Africa- South Africa, Egypt, Saudi Arabia

Key Market Players:
The key players profiled in the market include:
* Fujitsu Limited
* 3M Cogent Inc.
* BioEnable Technologies
* NEC Corporation
* Morpho
* Bio-Key International, Inc.
* Suprema, Inc.
* Crossmatch Technologies Inc.
* Integrated Biometrics
* Imprivata Inc.

These enterprises are focusing on growth strategies, such as new product launches, expansions, acquisitions, and agreements & partnerships to expand their end uses across the globe.
Key Benefits of the Report:
* Global, regional, country, Modality type, end use, and Deployment model market size and their forecast from 2014-2025
* Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market
* Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PESTLE analysis, and Value Chain, to better understand the market and build expansion strategies
* Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points
* Analysis on Key players’ strategic initiatives and competitive developments, such as joint ventures, mergers, sales contracts, and new product launches in the market
* Expert interviews and their insights on market shift, current and future outlook, and factors impacting vendors’ short term and long term strategies
* Detailed insights on emerging regions, Modality types, end uses, and Deployment models with qualitative and quantitative information and facts
* Identification of the key patents filed in the field of Biometric Service in Healthcare

Target Audience:
* Biometric Service in Healthcare manufacturer & Technology Providers
* Traders, Importers, and Exporters
* Raw Material Suppliers and Distributors
* Research and Consulting Firms
* Care provider authentication and Research Organizations
* Associations and Industry Bodies

Research Methodology:
The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, Care provider authentication and regulatory published articles, technical journals, trade magazines, and paid data sources.
For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:
* Manufacturers
* Suppliers
* Distributors
* Raw Material Providers
* Care provider authentication Body & Associations
* Research Institutes

Project Analysis

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