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.
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| 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 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
|
|
By Application: |
Patient Identification & Tracking
Medical Record Security & Data Centre Security
Care Provider Authentication
Home/Remote Patient Monitoring
Pharmacy Dispensing
Others
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|
By End User: |
Hospitals & Clinics
Healthcare Institutions
Research & Clinical Laboratories
Respiratory Distress Syndrome
|
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 report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Healthcare Biometrics Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Healthcare Biometrics Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. 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, 2027-2033
7.3. Single-Factor Authentication
7.4. Multi-Factor Authentication
7.5. Signature Recognition
7.6. Voice Recognition
7.7. Other Behavioural Recognition
7.8. Multi-Factor Recognition
7.9. Biometrics with PIN
7.10. Two-Factor Biometrics
7.11. 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, 2020-2026
8.2. Global Healthcare Biometrics Market Size, Share and Forecast, By Application, 2027-2033
8.3. Patient Identification & Tracking
8.4. Medical Record Security & Data Centre Security
8.5. Care Provider Authentication
8.6. Home/Remote Patient Monitoring
8.7. 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 , 2020-2026
9.2. Global Healthcare Biometrics Market Size, Share and Forecast, By End User, 2027-2033
9.3. Hospitals & Clinics
9.4. Healthcare Institutions
9.5. Research & Clinical Laboratories
9.6. 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-Pacific
11.3.1. Australia
11.3.2. China
11.3.3. India
11.3.4. Japan
11.3.5. South Korea
11.3.6. Rest of Asia-Pacific
11.4. Europe
11.4.1. France
11.4.2. Germany
11.4.3. Italy
11.4.4. Spain
11.4.5. United Kingdom
11.4.6. Rest of Europe
11.5. Middle East and Africa
11.5.1. Kingdom of Saudi Arabia
11.5.2. United Arab Emirates
11.5.3. Qatar
11.5.4. South Africa
11.5.5. Egypt
11.5.6. Morocco
11.5.7. Nigeria
11.5.8. Rest of Middle East & Africa
11.6. North America
11.6.1. Canada
11.6.2. Mexico
11.6.3. United States
11.7. Latin America
11.7.1. Argentina
11.7.2. Brazil
11.7.3. Rest of Latin America
12. Company Profile
12.1. Bio-Key International
12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments
12.2. Biometrics
12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments
12.3. Crossmatch Technologies
12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments
12.4. 3M Cogent, Inc.
12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments
12.5. Fujitsu Limited
12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments
12.6. Integrated Biometrics
12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent development
12.7. Imprivata Inc.
12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments
12.8. IDEMIA
12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments
12.9. NEC CORPORATION
12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments
12.10. Others
13. Conclusion
14. List of Abbreviations
15. Reference Links