According to the latest report by IMARC Group, titled “Healthcare Biometrics Market Report: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global healthcare biometrics market size reached US$ 3.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2027, exhibiting a growth rate (CAGR) of 19.4% during 2022-2027. Healthcare biometrics includes various biometric applications used in hospitals and clinics for patient identification, monitoring health, and providing access control to users. It is utilized for authentication, recognition, and identification of individuals on the basis of their behavioral and physical characteristics. It matches an individual’s identifiers to their stored biometric templates that aid in providing quick access to patient data and applications in an efficient manner. It is equipped with automated techniques, which require minimal human intervention to recognize and confirm an individual’s identity. As a result, it is gaining widespread traction across the globe due to its several advantages, such as quick authentication, enhanced security to medical records and data centers and easy remote patient monitoring.
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Industry Demand:
The global market is majorly driven by the escalating demand for advance authentication and identification solutions. With the increasing number of security breaches, there has been a considerable increase in the need for healthcare biometrics to ensure efficient and safe data recording, patient identity integrity, and decreasing inventory theft. Coupled with this, the penetration of computerized physician order entry and electronic health records (EHR) systems across the healthcare industry due to rapid digitization is also significantly supporting the market. Since biometrics systems are easy to use and implement and provide cost-effective solutions to ensure high-end security and assurance, this is providing a boost to the demand for healthcare biometrics.
Market Growth:
In addition to this, the widespread deployment of biometric solutions among research and clinical laboratories to secure pedestrian entries, platforms, devices, and data equipment enclosures are positively influencing the market. Along with this, fingerprint recognition biometrics is highly employed in childcare hospitals to mitigate newborn baby swaps and allow tracking of child vaccination schedules is impacting the market growth favorably. With the accelerating government initiatives across the globe to address patient data-related security concerns, is also acting as another growth-inducing factors. Furthermore, the advent of multimodal biometrics that uses multiple behavioral or physiological characteristics and biometric-as-a-service (BaaS), are creating a positive market outlook. Some of the other factors driving the market include the growing number of hospitals in geographically extended locations and extensive research and development (R&D) activities.
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Key Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the industry has also been examined along with the profiles of the key players being:
- Bio-Key International Inc
- Fujitsu Limited
- Hid Global Corporation (Assa Abloy AB)
- Imprivata Inc
- NEC Corporation (AT&T Corporation)
- Nuance Communications Inc. (Microsoft Corporation)
- RightPatient
- Suprema Inc
- Thales Group
- Zkteco Biometrics India Private Limited
Breakup by Technology:
- Single Factor Authentication
- Iris Recognition
- Face Recognition
- Signature Recognition
- Hand Recognition
- Voice Recognition
- Fingerprint Recognition
- Others
- Multi-Factor Authentication
- Biometric Card
- Password
- Others
Breakup by Application:
- Medical Record and Data Center Security
- Patient Identification and Tracking
- Care Provider Authentication
- Home/Remote Patient Monitoring
- Others
Breakup by End User:
- Hospital and Clinics
- Research and Clinical Laboratory
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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