(Health-NewsWire.Net, October 16, 2017 ) Healthcare biometrics refers to the application of biometric solutions in physician offices, hospitals, or for use in remote patient monitoring. Biometrics in healthcare is primarily used for doctors’ and patients’ authentication solutions. Owing to its large application, the global market is expected to witness robust growth during the forecast period. Increasing cybercrimes and internet frauds will further drive the global market. High prevalence of cybercrimes worldwide has raised the demand for highly secured systems to protect vital information. This increase in demand for biometric solutions to protect data and authenticate doctors and patients information is expected to boost the growth of the healthcare biometrics market. Technological advancements such as DNA based biometric recognition will further contribute to the market growth.
Fingerprint recognition segment dominated the healthcare biometrics market accounting for two-fifth share of the overall market in 2016, due to ease of availability and reliability. Medical record security and data security segment is projected to exhibit highest CAGR during the forecast period, primarily due to increasing use of electronic mediums to record and analyze healthcare data. Hospitals and clinics market will exhibit favorable growth during the forecast period with increasing adoption of biometric solutions to manage data security and confidentiality.
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The global healthcare biometrics market is projected to be around $12 billion by 2025. This growth is attributed to increasing integration of IT in healthcare services owing to increasing concerns about internet theft & fraud. Increasing focus of various healthcare providers towards biometric solutions for patient identification and information security will play a significant role in the growth of healthcare biometrics market. Continuous improvements in technology and up gradation of existing products will lead to rise in approval of these devices thereby boosting the market growth. However, high cost associated with implementation of biometric devices and concerns regarding patients’ information security will restrain the market growth.
Technology Outlook and Trend Analysis
Fingerprint recognition segment dominated the global market in 2016, due to high adoption rate of the technology because of its high reliability. Multi-factor authentication market is expected to grow at highest CAGR during the forecast period, due to increased adoption of multi-factor authentication among healthcare professionals with rise in demand for efficient verification techniques. Vein recognition technology projected to be the fastest-growing segment over the forecast period, due to its fast recognition capability with high accuracy.
Market Classification
Healthcare Biometrics Market, By Technology, Estimates and Forecast, 2016-2025 ($Million) Iris Recognition Vein Recognition Face Recognition Fingerprint Recognition Palm Recognition Behavioral Recognition, By Type
Signature Recognition Voice Recognition Other Behavioral Recognition
Behavioral Recognition,By Authentication
Single Factor Authentication Multi Factor Authentication Multimodal Authentication
Other Technologies
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