Healthcare Biometrics Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Healthcare Biometrics Market Size- By Technology, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: May-2024 | Report ID: HLCA2454 | Pages: 1 - 205 | Formats*: |
| Category : Healthcare | |||
Healthcare Biometrics Market Introduction and Overview
According to SPER Market Research, the Global Healthcare Biometrics Market is estimated to reach USD 34.44 billion by 2033 with a CAGR of 17.61%.
The report includes an in-depth analysis of the Global Healthcare Biometrics Market, including market size and trends, product mix, applications, and supplier analysis. The likelihood that healthcare biometrics applications would be utilized in clinics and hospitals to track patients' health positively impacts the applications' uptake. Biometric equipment used in healthcare are probably going to scan a range of human traits, such as the fingerprint, hand, and face. Since fingerprint scanners are most frequently used for generating papers, punching attendance, identifying data, and other purposes, the global market for healthcare biometrics is projected to grow. Healthcare biometrics has several advantages, including remote patient monitoring, care provider authentication, data center and medical record security, etc. Thus, biometrics in healthcare are frequently used in clinics, research and clinical laboratories, hospitals, etc.
- February 2024: Aratek formally introduced the a700 fingerprint scanner on February 24, 2021. Applications in banking, law enforcement, telecommunications, and healthcare are just a few of the industries the A700 can handle. It is particularly well-suited for access control applications.
- April 2021: In order to allow healthcare organizations to offer real-time digital identification verification utilizing biometrics online and in-person via the person's smartphone, Mastercard partnered with b. well Connected Health on April 5, 2021. Through the partnership, the b. well platform—which links patient data from pharmacies, insurance companies, healthcare providers, and patients' apps and devices—will now include Mastercard ID Verification for secure information sharing and prescription administration.
Market Opportunities and Challenges
The primary drivers of the growth of the healthcare biometrics market are the increasing need for contactless identification and authentication solutions, the growing need for biometrics-based solutions for remote patient monitoring, and the expanding usage of biometrics in healthcare applications. In the future, biometrics will become more and more significant in the healthcare industry. Better patient care can result from the use of biometric technology to increase the accuracy of patient identification. However, before biometrics are extensively used in healthcare, privacy issues must be resolved. While conventional biometric modalities like fingerprint, face, and voice biometrics provide fierce competition, atypical biometric modalities including behavioral, EKG, finger vein, and iris/retina biometrics are showing promise.
In addition, the government is putting several measures into place to guarantee hospital security. The use of biometrics in the healthcare sector is fraught with privacy issues, which severely impede market expansion. Patient misidentification is a widespread issue that has an adverse effect on patient safety, well-being, and quality of care. The paper states that inaccuracies in patient registration, scheduling conflicts during patient care, and redundant medical data inside the system are the main causes of patient misidentification. The issue is not greatly helped by the way Social Security Numbers (SSNs) are used in the US. The industry is not growing because individuals are not aware of the potential advantages of employing biometrics. Another obstacle to the use of biometrics is people.
Market Competitive Landscape
To obtain a competitive edge in the market, these companies in the global healthcare biometrics domain employed development strategies such as improving product features, introducing novel services, acquiring other companies, collaborating, forming partnerships, upgrading technology, launching new products, and expanding production. Key players are Bio-Key International, Biometrics, Crossmatch Technologies, 3M Cogent, Inc., Fujitsu Limited, Integrated Biometrics, Imprivata Inc., IDEMIA, NEC CORPORATION.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Technology, By Application, By End User. |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | Bio-Key International, Biometrics, Crossmatch Technologies, 3M Cogent,Inc., Fujitsu Limited, Integrated Biometrics, Imprivata Inc., IDEMIA, NEC CORPORATION. |
COVID-19 Impact on Global Healthcare Biometrics Market
The world has come to a complete halt due to the unexpected COVID-19 pandemic. The global effort to combat this epidemic is placing further strain on hospitals and medical personnel. In particular in the retail industry, the COVID-19 scenario necessitates the development of effective and frictionless methods. The COVID-19 pandemic's stricter requirements cause a major loss for applications that rely on fingerprint recognition modalities, but they also push contactless technologies like face and iris-based detection systems to new limits. Furthermore, COVID-19 will have a significant and long-lasting impact on biometrics developers, investors, clients, and enterprises.
Key Target Audience:
- Healthcare Providers
- Healthcare IT Solutions Providers
- Government and Regulatory Bodies
- Biometric Technology Developers
- Medical Device Manufacturers
- Pharmaceutical Companies
- Insurance Companies
- Patients and Healthcare Consumers
- Academic and Research Institutions
- Security and Surveillance Companies
Our in-depth analysis of the Healthcare Biometrics Market includes the following segments:
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| By Application: |
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| By End User: |
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Key Topics Covered in the Report:
- Global Healthcare Biometrics Market Size (FY’2024-FY’2033)
- Overview of Global Healthcare Biometrics Market
- Segmentation of Global Healthcare Biometrics Market By Technology (Single-Factor Authentication, Multi-Factor Authentication, Signature Recognition, Voice Recognition, Other Behavioural Recognition. Multi-Factor Recognition, Biometrics with PIN, Two-Factor Biometrics, Three-Factor Biometrics.)
- Segmentation of Global Healthcare Biometrics Market By Application (Patient Identification & Tracking, Medical Record Security & Data Centre Security, Care Provider Authentication, Home/Remote Patient Monitoring, Pharmacy Dispensing, Others.)
- Segmentation of Global Healthcare Biometrics Market By End User (Hospitals & Clinics, Hospital Institutions, Research & Clinical Laboratories, Respiratory Distress Syndrome)
- Statistical Snap of Global Healthcare Biometrics Market
- Expansion Analysis of Global Healthcare Biometrics Market
- Problems and Obstacles in Global Healthcare Biometrics Market
- Competitive Landscape in the Global Healthcare Biometrics Market
- Impact of COVID-19 and Demonetization on Global Healthcare Biometrics Market
- Details on Current Investment in Global Healthcare Biometrics Market
- Competitive Analysis of Global Healthcare Biometrics Market
- Prominent Players in the Global Healthcare Biometrics Market
- SWOT Analysis of Global Healthcare Biometrics Market
- Global Healthcare Biometrics Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Healthcare Biometrics Market.
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Healthcare Biometrics Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Healthcare Biometrics Market
7. Global Healthcare Biometrics Market, By Technology(USD Million) 2020-2033
7.1. Global Healthcare Biometrics Market Size, Share and Forecast, By Technology, 2020-2026
7.2. Global Healthcare Biometrics Market Size, Share and Forecast, By Technology, 2027-20337.3. Single-Factor Authentication7.4. Multi-Factor Authentication7.5. Signature Recognition7.6. Voice Recognition7.7. Other Behavioural Recognition7.8. Multi-Factor Recognition7.9. Biometrics with PIN7.10. Two-Factor Biometrics7.11. Three-Factor Biometrics
8. Global Healthcare Biometrics Market, By Application (USD Million)2020-2033
8.1. Global Healthcare Biometrics Market Size, Share and Forecast, By Application, 2020-20268.2. Global Healthcare Biometrics Market Size, Share and Forecast, By Application, 2027-20338.3. Patient Identification & Tracking8.4. Medical Record Security & Data Centre Security8.5. Care Provider Authentication8.6. Home/Remote Patient Monitoring8.7. Pharmacy Dispensing
8.8. Others
9. Global Healthcare Biometrics Market, By End User (USD Million)2020-2033
9.1. Global Healthcare Biometrics Market Size, Share and Forecast, By End User , 2020-20269.2. Global Healthcare Biometrics Market Size, Share and Forecast, By End User, 2027-20339.3. Hospitals & Clinics9.4. Healthcare Institutions9.5. Research & Clinical Laboratories9.6. Respiratory Distress Syndrome
10. Global Healthcare Biometrics Market Forecast, 2020-2033 (USD Million)
10.1. Global Healthcare Biometrics Market Size and Market Share
11. Global Healthcare Biometrics Market, By Region, 2020-2033 (USD Million)
11.1. Global Healthcare Biometrics Market Size and Market Share By Region (2020-2026)11.2. Global Healthcare Biometrics Market Size and Market Share By Region (2027-2033)11.3. Asia-Pacific11.3.1. Australia11.3.2. China11.3.3. India11.3.4. Japan11.3.5. South Korea11.3.6. Rest of Asia-Pacific11.4. Europe11.4.1. France11.4.2. Germany11.4.3. Italy11.4.4. Spain11.4.5. United Kingdom11.4.6. Rest of Europe11.5. Middle East and Africa11.5.1. Kingdom of Saudi Arabia11.5.2. United Arab Emirates11.5.3. Qatar11.5.4. South Africa11.5.5. Egypt11.5.6. Morocco11.5.7. Nigeria11.5.8. Rest of Middle East & Africa11.6. North America11.6.1. Canada11.6.2. Mexico11.6.3. United States11.7. Latin America11.7.1. Argentina11.7.2. Brazil11.7.3. Rest of Latin America
12. Company Profile
12.1. Bio-Key International12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Biometrics12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Crossmatch Technologies12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. 3M Cogent, Inc.12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Fujitsu Limited12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. Integrated Biometrics12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent development12.7. Imprivata Inc.12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. IDEMIA12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. NEC CORPORATION12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Healthcare Biometrics Market is projected to reach USD 34.44 billion by 2033, growing at a CAGR of 17.61% during the forecast period.
Healthcare Biometrics Market size from 2022. The Market is expected to reach USD 34.44 billion by 2033, at a CAGR of 17.61% during the forecast period.
Healthcare Biometrics Market CAGR of 17.61% during the forecast period.
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Healthcare Biometrics Market size is 34.44 billion from 2024 to 2033.
Healthcare Biometrics Market Segment is covered By Technology, By Application, By End User..
The North America anticipated to have the highest market share in the Healthcare Biometrics Market.
"The key players in the market include Companies Covered Bio-Key International, Biometrics, Crossmatch Technologies, 3M Cogent,Inc., Fujitsu Limited, Integrated Biometrics, Imprivata Inc., IDEMIA, NEC CORPORATION.
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including remote patient monitoring, care provider authentication, data center and medical record security, etc. Thus, biometrics in healthcare are frequently used in clinics, research and clinical laboratories, hospitals, etc.
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