Biometrics is the process of identification through the utilization of unique bodily functions such as DNA, finger prints and facial traits. The main function of such a system is to apprehend security threats. The healthcare biometrics market deals with the integration of the biometric process into the healthcare sector.
The global healthcare biometrics market is expected to grow at a CAGR of 33% from 2012 to 2018, and it is expected to reach an estimated figure of USD 1,005.015 million by the year 2018. The U.S holds the maximum market share for the healthcare biometrics market and is also expected to grow at a steady growth rate. Amongst the healthcare biometrics market segments, the AFIS technology (Automated Fingerprint Identification System) holds the largest market share.
Increasing crime rates and identity thefts in the healthcare sector, increasing security related concerns in both the government and the private sectors are some of the drivers of the healthcare biometrics market. The introduction of innovative products such as AFIS and web based applications for finger print identification integrated in mobile devices such as mobile phones and laptops are some of the other factors driving the sales of the healthcare biometrics market.
The lack of awareness amongst the users in the developing and the under developed nations might act as a restraint for the healthcare biometrics market. The formation of communities such as “Smart card alliance” will help spread the word to end users about the importance of healthcare biometrics. This will act as an opportunity for the future growth of the healthcare biometrics market.
The healthcare biometrics market could be majorly segmented into the following categories based on its applications: Internet based security/authentication management, physical control management and logical control management, and based on types into: fingerprint identification, face recognition, voice recognition, iris identification, and hand structure pattern authentication. The market could also be segmented geographically into U.S, Europe, Asia Pacific and the rest of the world regions.
Some of the key players of the healthcare biometrics market are Fujitsu, Siemens, Suprema, ZKTeco, Limidigm, Green bit, Morphotrak, NEC and others.
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