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  4. > Biometrics in the Healthcare Industry: Patient Identification and Tracking, Care Provider Authentication, Pharmacy Dispensing, and Home/Remote Patient Access - Market Analysis and Forecasts

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.

Table Of Contents

Biometrics in the Healthcare Industry: Patient Identification and Tracking, Care Provider Authentication, Pharmacy Dispensing, and Home/Remote Patient Access - Market Analysis and Forecasts
SECTION 1 2
Executive Summary 2
1.1 The Healthcare Biometrics Market 2
1.2 Market Forecast . 3
SECTION 2 4
Market Issues . 4
2.1 Market Overview 4
2.1.1 How Biometrics Is Used in Healthcare 4
2.1.2 Scope of This Report 4
2.2 Market Drivers . 5
2.2.1 Common Drivers of Biometrics in All Industries . 5
2.2.2 Home/Remote Healthcare . 5
2.2.3 Improved Security of Protected Health Information . 6
2.2.4 Reduced Risk of Pharmaceutical Theft .. 6
2.2.5 Healthcare Solution Providers Act as Sales Channels .. 7
2.2.6 Aging Population in Developed Economies . 7
2.2.7 Expense of Treating Chronic Conditions 7
2.2.8 Downward Pricing Pressure from Payers . 8
2.2.9 Consumer Convenience . 8
2.2.10 Harder to Spoof, Remote Attacks More Difficult .. 8
2.3 Market Barriers 9
2.3.1 Common Barriers in Biometrics Markets 9
2.3.2 Consumer Acceptance of Biometrics .. 9
2.3.3 Competition among Modalities for a Fixed Amount of Business 9
2.3.4 Payers Exert Control on Biometrics Purchasers' Spending .. 10
2.3.5 Substandard National Healthcare Systems in Developing Economies 10
2.4 Key Use Cases in Healthcare Biometrics .. 10
2.4.1 Pharmacy Dispensing .. 10
2.4.2 Care Provider Authentication 11
2.4.3 Patient Identification and Tracking . 12
2.4.4 Home/Remote Patient Access . 13
2.5 Regulatory Issues .. 14
2.5.1 PHI Requirements .. 14
2.5.2 Personal Data Privacy Laws . 15
2.5.3 Financial Data Privacy .. 15
2.6 Regional Differences . 16
2.7 Case Studies in Brief . 16
2.7.1 Pharmacy Dispensing .. 16
2.7.2 Care Provider Authentication 17
2.7.3 Patient Identification and Tracking . 18
SECTION 3 . 19
Technology Issues 19
3.1 Technology Overview 19
3.1.1 Biometrics Integrated into Larger Solutions .. 19
3.1.2 Technology Differentiators . 19
3.2 Key Biometrics Modalities for Healthcare Use Cases.. 20
3.2.1 Strong Fingerprint 20
3.2.2 Consumer Device Fingerprint 21
3.2.3 Facial Recognition on Mobile Devices . 22
3.2.4 Standalone Device Iris Recognition .. 22
3.2.5 Mobile Device Iris Recognition . 22
3.2.6 Vascular Imaging . 23
3.2.7 Voice Recognition .. 24
3.3 Accuracy of Biometric Modalities 25
3.3.1 Enrollment Rates . 25
3.3.2 False Reject Rates . 26
3.3.3 False Accept Rates 26
3.3.4 Cancelable Identities . 27
3.4 Response Time 27
SECTION 4 . 29
Key Industry Players 29
4.1 3M Cogent .. 29
4.2 Agnitio .. 29
4.3 BioAXS . 30
4.4 Cenmetrix 30
4.5 Fujitsu 31
4.6 HID Global .. 32
4.7 Hitachi .. 32
4.8 Integrated Biometrics 33
4.9 Innovatrics .. 33
4.10 IriTech .. 34
4.11 LaserLock 34
4.12 M2SYS . 35
4.13 MorphoTrust .. 35
4.14 Nuance . 36
4.15 Qualcomm .. 37
4.16 SecuGen . 37
4.17 Uniphore .. 38
4.18 VoiceTrust .. 38
4.19 VoiceVault .. 39
SECTION 5 . 40
Market Forecasts 40
5.1 Introduction to Forecasts . 40
5.2 Forecast Methodology and Assumptions 40
5.3 Total Revenue Forecast .. 41
5.4 Hardware Forecasts - Revenue and Device Shipments 43
5.5 Software Forecasts - Revenue and Licenses . 45
5.6 Use Case Forecasts - Revenue and Devices . 47
5.7 Modality Forecasts - Revenue and Devices . 49
5.8 Conclusions and Recommendations 51
SECTION 6 . 53
Company Directory .. 53
SECTION 7 . 55
Acronym and Abbreviation List 55
SECTION 8 . 57
Table of Contents .. 57
SECTION 9 . 60
Table of Charts and Figures 60
SECTION 10 .. 61
Scope of Study 61
Sources and Methodology .. 61
Notes . 62

TABLE OF CHARTS AND FIGURES
Chart 1.1 Healthcare Biometrics Revenue by Region, World Markets: 2015-2024 .. 3
Chart 5.1 Cumulative Healthcare Biometrics Revenue by Region, World Markets: 2015-2024 .. 41
Chart 5.2 Healthcare Biometrics Revenue by Hardware/Software, World Markets: 2015-2024 . 42
Chart 5.3 Healthcare Biometrics Device Revenue by Region, World Markets: 2015-2024 43
Chart 5.4 Healthcare Biometrics Device Shipments by Region, World Markets: 2015-2024 44
Chart 5.5 Healthcare Biometrics Software Revenue by Region, World Markets: 2015-2024 .. 45
Chart 5.6 Healthcare Biometrics Software Licenses by Region, World Markets: 2015-2024 46
Chart 5.7 Healthcare Biometrics Revenue by Use Case, World Markets: 2015-2024 . 47
Chart 5.8 Healthcare Biometrics Devices and Licenses by Use Case, World Markets: 2015-2024 .. 48
Chart 5.9 Caregiver-Facing Devices and Licenses by Use Case, World Markets: 2015-2024 49
Chart 5.10 Healthcare Biometrics Revenue by Modality, World Markets: 2015-2024 . 50
Chart 5.11 Healthcare Biometrics Devices and Licenses by Modality, World Markets: 2015-2024 . 51
Chart 10.1 Tractica Research Methodology 62
Figure 2.1 Fingerprint Authentication to Pharmacy Dispensing System 11
Figure 2.2 Iris Imaging Used for Patient Identification . 13
Figure 3.1 Patient Identification Using Palm Vein Imaging .. 23
Figure 3.2 Equal Error Rate Compared to False Accept and False Reject Rates 25

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