Future Expansion Trends for the Biometric Technology As per a latest research by the BBC Research team, the global biometrics technology market was estimated to go up to $8.7 billion by 2013 and then steadily increase to approximately $11.2 billion in 2014. In addition to that, the BBC also predicts that the market has the potential to expand to approximately $27.5 billion by 2019 and to record a five-year CAGR of 19.8% from 2014 to 2019. Also in terms of fresh channels for Biometric expansion there are chances of advanced healthcare applications in the forthcoming years. Adding on to this estimation, in a recent column on the M2SYS blog, John Trader puts forward that the expansion of biometric technology “outside of more traditional ones like fingerprinting will be another important aspect of biometrics maturing in 2014. It is well known that consumers prefer using biometric technology not commonly associated with criminals and less invasive than fingerprinting so expect to see a rise in new or lesser known biometric technologies as vendors begin to move away from more traditional modalities.” Today prominent CRO’s (clinical research organizations) in India provides a comprehensive range of data management services in Biometrics and Phase I to IV clinical trials. Their core objective is to convert raw data into accurate and reliable trial outputs in compliance with the regulatory guidelines. The CRO’s have a dedicated Biometrics team to focus on speeding up the regulatory submission process and then minimize the timelines with high-end services and advanced thinking. The Biometrics service portfolio that the CRO’s provided include:Database Programming · CRF Design (paper & electronic) · CRF Annotation · Database Programming · Validation Checks · Metadata Repository Management Data Management · Data Acquisition · Data Reconciliation · Discrepancy Management · Medical Coding (MeDRA & WHODD) · Database Lock · Data Extraction for Reporting Pharmacokinetic & Pharmacodynamic Studies · Sampling Point Estimation · Technical Document Review · PK/PD Query Resolution · PK/PD Subject Matter Expert
· Clinical Pharmacokinetic support across study engagement PK/PD Reporting · SDMS Data Extraction · PK Data Analysis · PK Summary Reporting Biostatistics · Randomization · Sample size estimation · Trial Design Inputs · Statistical Analysis Plan · Statistical Analysis · Biostatistics Subject Matter Expert Statistical Reporting · TLF Programming · CDISC Data Mapping (SDTM & ADaM) · Clinical Data Repository · Pooled Data Analysis & Reporting · Safety (ADR) Reporting · Patient Profiles & Data Cleaning Reporting Furthermore, experienced Biometrics teams in the CRO’s are efficiently equipped with new-age software such as Win NonLin and SAS (SDMS & MEDX view). Read more on - Paid Clinical Trials, Clinical Laboratory Scientist
Published on Apr 21, 2014
As per a latest research by the BBC Research team, the global biometrics technology market was estimated to go up to $8.7 billion by 2013 an...