Global Healthcare Biometrics Market, By Technology (Fingerprint Recognition, Face Recognition, Palm Recognition, Iris Recognition, Behavioral Recognition, Vein Recognition, Others), Application (Healthcare Record Security, Patient Tracking, Remote Patient Monitoring, Workforce Management, Others), End User (Healthcare Providers, Healthcare Organizations, Research and Academic Institutes), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia- Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Data Bridge Market Research analyses that the healthcare biometrics market to be grow at a CAGR of 20.1% in the forecast period of 2022-2029.
Biometrics refers to the technology that is used to measure people's unique behavioural and physical features. It's mostly used for authenticating, identifying, and recognizing people who are being watched. When it comes to securing personal records, medical data and patients' privacy, security has always been a top priority in the healthcare industry. Biometric gadgets examine a user's biological data by recording unique physical human attributes and using them as a future reference for identification. Software to transform the scanned information into digital form, scanning device, and a database to store the biometric data for comparison with entered biometric data are the core components of biometric identification systems. Biometrics, such as voice and facial recognition, provide a touchless approach to verify a person's identification and get access to restricted areas. Biometrics technology in the medical area could assist limit viral propagation in offices, hospitals and clinics in the current environment.
The rise in the huge amount of healthcare data together with growing number of patient pool will act as major driver accelerating the healthcare biometrics market’s growth rate. Another significant factor resulting in the expansion of market is the upsurge in the trend of digitalization. Furthermore, the rise in medical identity theft or healthcare frauds and enhanced quality care provided by healthcare institutions are the major drivers that will enhance the growth of market. Other significant factors such as the rise in number of applications of biometric devices in healthcare sector, growing awareness about security systems and rising demand for infant security in hospitals will cushion the market growth rate. Growing healthcare infrastructure and rise in the level of disposable incomes in developing and developed countries will increase the adoption rate of new technologies such as biometrics and will further influence the growth rate of healthcare biometrics market.
Moreover, the rise in research and development activities and technological advancement will provide beneficial opportunities for the healthcare biometrics market growth. Additionally, the introduction of biometric solutions in healthcare set-ups among emerging economies will further expand the healthcare biometrics market’s growth rate in the future.
On the other hand, the dearth of the skilled professionals, consumer acceptance and high cost associated with the installation as well as maintenance of biometric devices are factors that will obstruct the market growth. Also, security risks of the data stored in biometric system will challenge the healthcare biometrics market. However, problems linked with the utilization of biometric technology will act as market restraint and further impede the growth rate of market.
This healthcare biometrics market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on healthcare biometrics market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Healthcare Biometrics Market Scope and Market Size
The healthcare biometrics market is segmented on the basis of technology, application and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of technology, healthcare biometrics market is segmented into palm recognition, iris recognition, behavioral recognition, vein recognition, fingerprint recognition, face recognition, and others.
- Based on application, healthcare biometrics market is segmented into healthcare record security, patient tracking, remote patient monitoring, workforce management, and others.
- Healthcare biometrics market is segmented based on the end use into healthcare providers, healthcare organizations, and research and academic institutes.
Healthcare Biometrics Market Country Level Analysis
The healthcare biometrics market is analysed and market size insights and trends are provided by country, technology, application and end-use as referenced above.
The countries covered in the healthcare biometrics market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the healthcare biometrics market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major key players, availability of more number of healthcare institutions in this region. Also, the rising demand for biometrics owing to the surging number of cases healthcare data breach will act as a driver for the growth of market in this region. Asia-Pacific on the other hand is projected to exhibit the highest growth rate during the forecast period due to the rising level of investment by government for the enhancement of healthcare infrastructure in this region.
The country section of the healthcare biometrics market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The healthcare biometrics market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for healthcare biometrics market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the healthcare biometrics market. The data is available for historic period 2010 to 2020.
Competitive Landscape and Global Healthcare Biometrics Market Share Analysis
The healthcare biometrics market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to healthcare biometrics market.
Some of the major players operating in the healthcare biometrics market are FUJITSU, 3M, Agnitio A/S, Nuance Communications, Inc., NEC Corpoaration, HID Global Corporation, Imprivata, Inc., Hitachi Ltd, Integrated Biometrics, GenKey, BIO-key International, SUPREMA, Qualcomm Technologies, Inc., Fulcrum Biometrics, Inc., BioEnable Technologies Pvt. Ltd., DXC Technology Company, Morpho, Inc., ZKTECO CO., LTD., IDEMIA, and Toshiba International, among others.
- In May, 2021, Imprivata had launched face biometrics for healthcare in partnership with Aware and Idemia. It is referred to the new mobile facial biometrics technology which is designed to make self-enrollment for electronic prescriptions for controlled substances (EPCS) easier and more compliant with U.S. Drug Enforcement Agency (DEA) regulations.
- In August, 2021, RAIsonance had launched biometric security tool named SoundPass. SoundPass is a set of AI programmes that converts audio signatures into biometric signal signatures. It creates a biometric perimeter security bubble around companies, entertainment venues, public-facing businesses, and college campuses using artificial intelligence.
- In September, 2021, Gnani.ai had launched voice biometrics software based on patented tech named armour365™. armour365™ Voice Biometrics is compatible with over 300 patented audio features and has out-of-the-box connections with a variety of contact center application developers and messaging apps. For applications ranging from omnichannel consumer authentication to secured access to critical equipment, the solution is packed with top-of-the-line capabilities such as replay attack detection, anti-spoof layer, and one enrollment.