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The Healthcare Biometrics Market Size was valued at USD 23.05 billion in 2023 and is expected to reach USD 136.02 billion by 2032 and grow at a CAGR of 21.8% over the forecast period 2024-2032.
The technology that is utilised to gauge each individual's distinct behavioural and physical traits is known as biometrics. It is primarily employed for the naming, recognizing, and authenticating of people who are being watched. When it comes to protecting patients' privacy and sensitive medical information, security has always been a top priority in the healthcare industry. In order to identify a user in the future, biometric devices evaluate a user's biological data by collecting distinctive physical characteristics of the user. The fundamental elements of biometric identification systems are a scanning apparatus or reader, software to transform the scanned data into digital form, and a database to store the biometric data for comparison with biometric data that has been manually entered.
A touchless method of authenticating a person's identity and granting access to sensitive areas is provided by biometrics, which include voice and face. Biometrics technology in the medical profession may be able to help slow the transmission of viruses in clinics, workplaces, and hospitals given the current climate. In order to provide precise patient identification or to keep track of patients, biometrics are employed in medical facilities such as clinics and hospitals. Controlling access or storing patient records are examples of applications.
DRIVERS
Government programmes that facilitate the use of biometrics in healthcare are put into action.
Medical identity theft and compromises of healthcare data are becoming more frequent.
RESTRAINTS
Biometric technology is very expensive.
Biometric technology use-related issues.
OPPORTUNITIES
Biometric identification that is contactless.
Integration of biometric technologies into healthcare systems in developing nations.
CHALLENGES
Privacy of biometric information.
Global industries are significantly impacted by Covid 19. The demand for healthcare biometrics is being impacted by the difficulty in operating security solution industries. Health facilities are being severely burdened by this pandemic. Hospitals are overflowing with patients seeking proper care. It is increasing the demand for security in medical facilities. Hospital patient populations are growing faster than ever. It results in a significant uptake of biometrics. The market for producing these biometric systems, however, is having difficulties. There are numerous production sites that are impacted by the virus's quick spread.
By Technology Type
The market is divided into single-factor, multi-factor, and multimodal components. Due to the need for developed countries for secure assurance platforms and the growing acceptance of multi-component health care providers, the multi-compliance guarantee market is expected to grow at a very high CAGR. The one-factor authentication industry is divided into communication biometrics and non-contact biometrics by type. The single-factor authentication market is expected to be dominated by communication biometrics in 2016. The untouchable biometrics market, is expected to expand to the largest CAGR during the speculative period. Non-disruptive biometric features are not touchable, which allows data to be accessed even remotely, and its visual speed is marked by an extension of the segment.
By Application
The market has been divided into four categories: patient identification and tracking, care provider authentication, and others. During the predicted period, the segment for medical records and data center security anticipated strong growth. Demand for healthcare biometrics is fueling the market's expansion along with the increasing use of electronic health records in healthcare facilities and worries about the security of information exchange and data integrity.
By End User
Hospitals & clinics, research & clinical laboratories, and healthcare institutions make up the market segments. The market is anticipated to be dominated by the healthcare institutions sector, which is projected to develop at the highest CAGR. The significant development of this market may be ascribed to the rising acceptance of biometric solutions for workflow management and to protect Internet of Things (IoT) platforms, devices, and pedestrian entries as well as data equipment enclosures.
By Technology Type
Single-factor Authentication
Signature Recognition
Other Behavioral Recognition
Single-factor Authentication
Multi-factor Authentication
Biometrics with PIN
Multimodal Authentication
Two-factor Biometrics
Three-factor Biometrics
By Application
Patient Identification & Tracking
Medical Record Security & Data Center Security
Care provider authentication
Pharmacy dispensing
By End User
Hospitals & Clinics
Healthcare institutions
Research & Clinical laboratories
North America and Europe are the two regions that dominate the global market for healthcare biometrics. The projection period is expected to see the greatest CAGR percent in the North American market. The presence of numerous well-known firms and growing government initiatives to secure data security and the safety of healthcare institutions are both factors in this rise. As a result, biometric technologies are being used more frequently to abide with strict standards like HITECH and HIPAA.
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REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
The Major key players are 3M Cogent, Inc., Bio-Key International, Inc., Cross Match Technologies, Inc., Fujitsu Ltd., Imprivata, Inc., Lumidigm, Inc., NEC Corporation, Siemens AG, ZKTeco, Inc., Suprema, Inc. and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 23.05 billion |
| Market Size by 2032 | US$ 136.02 billion |
| CAGR | CAGR of 21.8% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology Type (Single-factor Authentication, Signature Recognition, Voice Recognition, Other Behavioral Recognition, Single-factor Authentication, Multi-factor Authentication, Biometrics with PIN, Multimodal Authentication, Two-factor Biometrics, Three-factor Biometrics) • By Application (Patient Identification & Tracking, Medical Record Security & Data Center Security, Care provider authentication, Home/remote patient monitoring, Pharmacy dispensing) • By End User (Hospitals & Clinics, Healthcare institutions, Research & Clinical laboratories) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 3M Cogent, Inc., Bio-Key International, Inc., Cross Match Technologies, Inc., Fujitsu Ltd., Imprivata, Inc., Lumidigm, Inc., NEC Corporation, Siemens AG, ZKTeco, Inc., Suprema, Inc. |
| Key Drivers | • Government programmes that facilitate the use of biometrics in healthcare are put into action. • Medical identity theft and compromises of healthcare data are becoming more frequent. |
| Restraints | • Biometric technology is very expensive. • Biometric technology use-related issues. |
Ans: The Healthcare Biometrics Market size was valued at US$ 23.05 Bn in 2023.
Ans: The Healthcare Biometrics Market is growing at a CAGR of 21.8% over the forecast period 2024-2032.
The technology that is utilised to gauge each individual's distinct behavioural and physical traits is known as biometrics. It is primarily employed for the naming, recognizing, and authenticating of people who are being watched. When it comes to protecting patients' privacy and sensitive medical information, security has always been a top priority in the healthcare industry.
The challenges faced by Healthcare Asset Management market is Privacy of biometric information.
Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Healthcare Biometrics Market Segmentation, By Technology Type
8.1 Single-factor Authentication
8.2 Signature Recognition
8.3 Voice Recognition
8.4 Other Behavioral Recognition
8.5 Single-factor Authentication
8.6 Multi-factor Authentication
8.7 Biometrics with PIN
8.8 Multimodal Authentication
8.9 Two-factor Biometrics
8.10 Three-factor Biometrics
9. Healthcare Biometrics Market Segmentation, By Application
9.1 Patient Identification & Tracking
9.2 Medical Record Security & Data Center Security
9.3 Care provider authentication
9.4 Home/remote patient monitoring
9.5 Pharmacy dispensing
10. Healthcare Biometrics Market Segmentation by End User
10.1 Hospitals & Clinics
10.2 Healthcare institutions
10.3 Research & Clinical laboratories
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 3M Cogent
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Bio-Key International, Inc.
12.3 Cross Match Technologies, Inc.
12.4 Fujitsu Ltd.
12.5 Imprivata, Inc.
12.6 Lumidigm, Inc.
12.7 NEC Corporation
12.8 Siemens AG
12.9 ZKTeco, Inc.
12.10 Suprema, Inc.
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share Analysis
13.3 Recent Developments
14. Conclusion
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