Biometrics in the Healthcare Industry

Patient Identification and Tracking, Care Provider Authentication, Pharmacy Dispensing, and Home/Remote Patient Access: Market Analysis and Forecasts

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Pages: 63
Tables, Charts,
     & Figures:
64
Publication Date: 3Q 2015
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The healthcare industry is one of biometrics’ most promising opportunities.  Worldwide healthcare spending is about 10% of global gross domestic product (GDP).  Healthcare is highly automated, highly regulated, and its objective is people’s health.  Squeezed by budget constraints while medical technology advances relentlessly, healthcare facilities are desperate to devote more time to caregiving and less time to ever-increasing administrative tasks.  Biometrics in healthcare settings can speed up administrative processes, reduce fraud, and eliminate mistakes due to high workloads, which can lead to costly or fatal errors.  It would be hard to imagine a higher-profile opportunity for biometrics.

Biometrics for healthcare remains a nascent market.  Success stories are scarce; even large healthcare networks are barely dipping their toes in the water, with one-off proofs of concept.  To grow this nascent market, biometrics vendors must cultivate the right sales channels.  Healthcare facilities will not shop directly for biometrics, but will instead seek fully integrated business and healthcare solutions.  Those solutions may or may not include biometrics.  Vendors must ensure that biometrics are integrated into the building blocks of those solutions.  The market opportunity provides ample justification for that effort: starting from a base of $250 million in 2015, Tractica forecasts that global healthcare biometrics revenue will reach $3.5 billion by 2024, with cumulative revenue for the 10-year period totaling $12.5 billion at a compound annual growth rate (CAGR) of 34%.

This Tractica report analyzes the market opportunity for biometrics in the healthcare industry, including 10-year forecasts for the period from 2015 through 2024. The report examines four use cases specific to healthcare, with a focus on biometrics to identify and authenticate people, rather than diagnosing or treating patients.  The report forecasts revenue, device shipments, and software licensing volumes.  Within each world region, market forecasts are further segmented by biometrics modality and use case.  The report also includes profiles of 19 key industry players in the healthcare biometrics market.

Key Questions Addressed:

  • What is the size of the market opportunity for healthcare biometrics in each world region?
  • What are the likely biometrics hardware device shipments and revenue for biometrics in the healthcare industry?
  • What are the likely biometrics software application licenses and revenue for biometrics in the healthcare industry?
  • What are they key market drivers and barriers for the use of biometrics in the healthcare industry?
  • What are the most important regulatory issues for use of biometrics in the healthcare industry?
  • What are the key use cases for biometrics in the healthcare industry?
  • What are the key biometrics modalities that will be utilized in the healthcare industry?

Who Needs This Report?

  • Biometrics device manufacturers
  • Biometrics application developers
  • Healthcare device manufacturers
  • Healthcare application developers
  • Healthcare systems integrators
  • Healthcare technology solution providers
  • Healthcare payers and providers
  • Investor community

Table of Contents

  1. Executive Summary
    1. The Healthcare Biometrics Market
    2. Market Forecast
  2. Market Issues
    1. Market Overview
      1. How Biometrics Is Used in Healthcare
      2. Scope of This Report
    2. Market Drivers
      1. Common Drivers of Biometrics in All Industries
      2. Home/Remote Healthcare
      3. Improved Security of Protected Health Information
      4. Reduced Risk of Pharmaceutical Theft
      5. Healthcare Solution Providers Act as Sales Channels
      6. Aging Population in Developed Economies
      7. Expense of Treating Chronic Conditions
      8. Downward Pricing Pressure from Payers
      9. Consumer Convenience
      10. Harder to Spoof, Remote Attacks More Difficult
    3. Market Barriers
      1. Common Barriers in Biometrics Markets
      2. Consumer Acceptance of Biometrics
      3. Competition among Modalities for a Fixed Amount of Business
      4. Payers Exert Control on Biometrics Purchasers’ Spending
      5. Substandard National Healthcare Systems in Developing Economies
    4. Key Use Cases in Healthcare Biometrics
      1. Pharmacy Dispensing
      2. Care Provider Authentication
      3. Patient Identification and Tracking
      4. Home/Remote Patient Access
    5. Regulatory Issues
      1. PHI Requirements
      2. Personal Data Privacy Laws
      3. Financial Data Privacy
    6. Regional Differences
    7. Case Studies in Brief
      1. Pharmacy Dispensing
      2. Care Provider Authentication
      3. Patient Identification and Tracking
  3. Technology Issues
    1. Technology Overview
      1. Biometrics Integrated into Larger Solutions
      2. Technology Differentiators
    2. Key Biometrics Modalities for Healthcare Use Cases
      1. Strong Fingerprint
      2. Consumer Device Fingerprint
      3. Facial Recognition on Mobile Devices
      4. Standalone Device Iris Recognition
      5. Mobile Device Iris Recognition
      6. Vascular Imaging
      7. Voice Recognition
    3. Accuracy of Biometric Modalities
      1. Enrollment Rates
      2. False Reject Rates
      3. False Accept Rates
      4. Cancelable Identities
    4. Response Time
  4. Key Industry Players
    1. 3M Cogent
    2. Agnitio
    3. BioAXS
    4. Cenmetrix
    5. Fujitsu
    6. HID Global
    7. Hitachi
    8. Integrated Biometrics
    9. Innovatrics
    10. IriTech
    11. LaserLock
    12. M2SYS
    13. MorphoTrust
    14. Nuance
    15. Qualcomm
    16. SecuGen
    17. Uniphore
    18. VoiceTrust
    19. VoiceVault
  5. Market Forecasts
    1. Introduction to Forecasts
    2. Forecast Methodology and Assumptions
    3. Total Revenue Forecast
    4. Hardware Forecasts – Revenue and Device Shipments
    5. Software Forecasts – Revenue and Licenses
    6. Use Case Forecasts – Revenue and Devices
    7. Modality Forecasts – Revenue and Devices
    8. Conclusions and Recommendations
  6. Company Directory
  7. Acronym and Abbreviation List
  8. Table of Contents
  9. Table of Charts and Figures
  10. Scope of Study, Sources and Methodology, Notes

List of Charts, Figures, and Tables

Charts
  • Healthcare Biometrics Revenue by Region, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Revenue by Region, World Markets: 2015-2024
  • Healthcare Biometrics Revenue by Hardware/Software, World Markets: 2015-2024
  • Healthcare Biometrics Device Revenue by Region, World Markets: 2015-2024
  • Healthcare Biometrics Device Shipments by Region, World Markets: 2015-2024
  • Healthcare Biometrics Software Revenue by Region, World Markets: 2015-2024
  • Healthcare Biometrics Software Licenses by Region, World Markets: 2015-2024
  • Healthcare Biometrics Revenue by Use Case, World Markets: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Use Case, World Markets: 2015-2024
  • Caregiver-Facing Devices and Licenses by Use Case, World Markets: 2015-2024
  • Healthcare Biometrics Revenue by Modality, World Markets: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Modality, World Markets: 2015-2024
Figures
  • Fingerprint Authentication to Pharmacy Dispensing System
  • Iris Imaging Used for Patient Identification
  • Patient Identification Using Palm Vein Imaging
  • Equal Error Rate Compared to False Accept and False Reject Rates
Tables
  • Healthcare Biometrics Revenue by Region, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Revenue by Region, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Revenue by Region, World Markets: 2015-2024
  • Healthcare Biometrics Device Revenue by Region, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Device Revenue by Region, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Device Revenue by Region, World Markets: 2015-2024
  • Healthcare Biometrics Device Shipments by Region, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Device Shipments by Region, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Device Shipments by Region, World Markets: 2015-2024
  • Healthcare Biometrics Software Revenue by Region, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Software Revenue by Region, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Software Revenue by Region, World Markets: 2015-2024
  • Healthcare Biometrics Software Licenses by Region, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Software Licenses by Region, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Software Licenses by Region, World Markets: 2015-2024
  • Healthcare Biometrics Revenue by Hardware/Software, World Markets: 2015-2024
  • Healthcare Biometrics Revenue by Use Case, North America: 2015-2024
  • Healthcare Biometrics Revenue by Use Case, Europe: 2015-2024
  • Healthcare Biometrics Revenue by Use Case, Asia Pacific: 2015-2024
  • Healthcare Biometrics Revenue by Use Case, Latin America: 2015-2024
  • Healthcare Biometrics Revenue by Use Case, Middle East and Africa: 2015-2024
  • Cumulative Healthcare Biometrics Revenue by Use Case, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Revenue by Use Case, World Markets: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Use Case, North America: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Use Case, Europe: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Use Case, Asia Pacific: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Use Case, Latin America: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Use Case, Middle East and Africa: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Use Case, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Devices and Licenses by Use Case, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Devices and Licenses by Use Case, World Markets: 2015-2024
  • Healthcare Biometrics Revenue by Modality, North America: 2015-2024
  • Healthcare Biometrics Revenue by Modality, Europe: 2015-2024
  • Healthcare Biometrics Revenue by Modality, Asia Pacific: 2015-2024
  • Healthcare Biometrics Revenue by Modality, Latin America: 2015-2024
  • Healthcare Biometrics Revenue by Modality, Middle East and Africa: 2015-2024
  • Healthcare Biometrics Revenue by Modality, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Revenue by Modality, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Revenue by Modality, World Markets: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Modality, North America: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Modality, Europe: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Modality, Asia Pacific: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Modality, Latin America: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Modality, Middle East and Africa: 2015-2024
  • Healthcare Biometrics Devices and Licenses by Modality, World Markets: 2015-2024
  • Cumulative Healthcare Biometrics Devices and Licenses by Modality, World Markets: 2015-2024
  • Year-on-Year % Change, Healthcare Biometrics Devices and Licenses by Modality, World Markets: 2015-2024