Healthcare Biometrics Market Size Was Valued at USD 3227.61 Million in 2022 and is Projected to Reach USD 12719.99 Million by 2030, Growing at a CAGR of 18.70 % From 2023-2030.
Patient tracking, physician clinics, and medical facilities all use biometric software for health management. The healthcare sector is using biometrics—which uses distinct biological or behavioral traits for identification and authentication—increasingly to handle patient identity management, access control, and fraud prevention.
In order to improve the accuracy, privacy, and regulatory compliance of biometric technologies, the healthcare sector is concentrating on research and development. The market is anticipated to rise as a result of healthcare companies' growing adoption of biometrics to protect sensitive patient data, optimize workflow, and improve healthcare operations.
Biometric solutions are utilized for safe medicine dispensing, hospital access management, and patient monitoring devices. Because of its adaptability, biometric technology has been incorporated into many aspects of healthcare, resulting in increased patient care that is more accurate, efficient, and well-rounded. In 2022, the annual growth rate of medical technology worldwide was 5.2%. The last few years have seen varying growth in the medical technology sector.
Healthcare Biometrics Market Top Key Players:
NEC Corporation (Japan), 3M Cogent (United States), Fujitsu Limited (Japan), Morpho (Safran) (France), Crossmatch Technologies (United States), BioEnable Technologies Pvt. Ltd. (India), Suprema Inc. (South Korea), ZKTeco Inc. (China), Imprivata, Inc. (United States), Gemalto N.V. (Netherlands), Aware, Inc. (United States), Cognitec Systems GmbH (Germany), Green Bit S.p.A. (Italy), SecuGen Corporation (United States), Stanley Black & Decker, Inc. (United States), SRI International (United States), Bio-Key International, Inc. (United States), HID Global (United States), Integrated Biometrics (United States), Biometrics4ALL, Inc. (United States), and Other Major Players.
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With In-Depth examination of several affecting internal and external factors such as supply and sales channels, including upstream and downstream fundamentals, this report presents a complete analysis on the Healthcare Biometrics market ecosystem. To ensure the utmost accuracy and reliability, we draw upon numerous primary and secondary sources. Employing industry-standard tools such as Porter's Five Forces Analysis, SWOT Analysis, and Price Trend Analysis, our research provides a comprehensive evaluation of the market segments and market landscape. This research study goes beyond conventional boundaries with extensive geographical coverage, allowing for a comprehensive understanding of regional trends.
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Healthcare Biometrics Market Segment Analysis:
Healthcare Biometrics Market is Segmented into Technology, Application, and End User.
By Technology
- Single-factor
- Multifactor
- Multimodal
By Application
- Patient Identification & Tracking
- Medical Record Security & Data Centre Security
- Care provider authentication
- Home/remote patient monitoring
- Pharmacy dispensing
By End User
- Hospitals & Clinics
- Healthcare institution
- Research & Clinical laboratories
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Healthcare Biometrics Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Numerous reasons have contributed to North America's dominance in the medical biometrics business, which has made it a key player historically. Many people credit the region's robust presence to its highly developed healthcare system, broad technological adoption, and robust regulatory environment. The use of biometric technologies in healthcare facilities was first introduced by the United States in particular.
- Due to its potential, healthcare biometrics—which use a patient's distinct physical or behavioral traits to identify them and manage access—have gained popularity. decreases fraud in the healthcare sector, expedites productivity, and enhances security. Healthcare systems are rapidly using biometric solutions—such as iris scanning, facial recognition, and fingerprint recognition—to guarantee safe patient data access and precise patient identification.
By Region
- North America (US, Canada, Mexico)
- Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
- Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
- Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
- Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
- South America (Brazil, Argentina, Rest of SA)
Report includes Competitor's Landscape:
- Major trends and growth projections by region and country
- Key winning strategies followed by the competitors
- Who are the key competitors in this industry?
- What shall be the potential of this industry over the forecast tenure?
- What are the factors propelling the demand for the Action Figures And Statues?
- What are the opportunities that shall aid in significant proliferation of the market growth?
- What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?
- How has the covid-19 impacted the growth of the market?
- Has the supply chain disruption caused changes in the entire value chain?
Key Industry Developments in the Healthcare Biometrics Market:
In August 2023, 3M Cogent acquired TeleDoc Health, a prominent telehealth provider, significantly broadening its presence in remote healthcare delivery and biometric authentication for patient verification. This strategic move enhances 3M Cogent's capabilities in the evolving landscape of healthcare technology, positioning it to better serve the growing demand for remote medical services and secure patient identification.
In July 2023, Fujitsu Limited invested in Biometric Signature ID, a US-based company specializing in palm vein authentication technology. This strategic partnership aims to enhance secure patient identification and financial transactions. Fujitsu's investment reflects a commitment to advancing cutting-edge biometric solutions, positioning both companies at the forefront of secure authentication technologies for various applications, including healthcare and finance.
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