Biometric technology is the most secure and convenient method and does not need to remember
complex passwords or other crucial things. Based on measurable characteristics such as behavioral
patterns and other physiological features, it becomes easy to determine individual’s identity in
particular. From the techno commercial point of view, biometrics in healthcare is expected to drive
the technological transformation in the global healthcare market to deliver cost effectiveness via
fraud prevention and enhanced workplace efficiency coupled with augmenting care practices to
patients and in the long run.
Market driving factors responsible for the growth of healthcare biometrics market includes improving
technology for a better safe access in critical areas and information. Other factors such as eyes, finger,
and palm are the target areas for vein biometric technology. Additionally, stringent norms by
government for medical security against healthcare frauds majorly contribute to the growth of
healthcare biometrics Industry. However, pricing and issues related to use of biometric technologies
may limit the market growth during the forecast period.
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Based on segmentation by type, the healthcare biometrics market includes passwords, hard tokens,
OTP, soft tokens and biometrics. Based on segmentation by application, the market includes PCI, BFSI,
Government and Healthcare. Geographically, healthcare biometrics industry includes North America,
South America, Europe, Asia-Pacific, Middle-East and Africa. North America dominates the market
growth due to highly fragmented market with security constraints for various fraud and crime
incidences.
Factors such as establishment of various hospitals and institutions with heavy security from technical
aspects and rise of digitization contribute to the growth of healthcare biometrics industry. The key
players in the healthcare biometrics market include Entrust, EMC, Gemalto, Authenex, VASCO,
Authentify, BIO-Key, 3M Cogent, Deepnet Security, DynaPass, Morpho, ImprivataInc, Suprema Inc,
Lumidigm, ZKtecoInc, Fortinet and HID Global.