Global Healthcare Biometrics Market Size, Share, Growth Analysis, By Technology(Face recognition, palm recognition), By Application(Logical access control, transaction authentication), By End-user(Hospitals, clinics)

Description

Global Healthcare Biometrics Market size was valued at USD 5.2 billion in 2021 and is poised to grow from USD 6.1 billion in 2022 to USD 22.03 billion by 2030, growing at a CAGR of 17.4% in the forecast period (2023-2030).

Biometrics technology is utilized in healthcare to analyze unique physical and behavioral characteristics of individuals. These biometric devices scan features like the face, hand, and fingerprints to authenticate, identify, and secure personal medical records and patients' privacy. Key components of biometric identification systems include software for digitizing scanned information, scanning devices, and databases for storing and comparing biometric data. Biometrics, such as voice and facial recognition, enable touchless identification and access to restricted areas. In the current scenario, biometrics technology in the medical field can play a crucial role in minimizing viral transmission in offices, hospitals, and clinics.

The healthcare biometrics market is expected to witness growth due to increased adoption of biometric devices in the healthcare sector, rising awareness about security measures, and a growing demand for infant security in hospitals. However, challenges such as a shortage of skilled workers, consumer acceptance, and the high costs associated with installation and maintenance of biometric devices may hinder market growth during the forecast period.

Segments covered in this report:

Global Healthcare Biometrics Market is segmented based on the technology, application, end-user, and region. Based on technology, global Healthcare Biometrics Market is segmented into face recognition, palm recognition, fingerprint recognition, iris recognition, behavioral recognition, vein recognition, and others. Based on application, the global Healthcare Biometrics Market is segmented into logical access control, transaction authentication, and physical access control. Based on end-user, the global Healthcare Biometrics Market is segmented into hospitals, clinics, healthcare institutions, research & laboratories. Based on region, Healthcare Biometrics Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

The future of the healthcare biometrics market looks promising as medical professionals prioritize the utmost confidentiality of patient data in hospitals and clinics. Safeguarding patient information, which is confidential and cannot be disclosed without proper authorization, has led to the adoption of biometric scanners. These scanners capture and store specific physical data for future reference or identification, ensuring enhanced security. The collected data is converted into a digital format using software and stored in a database as biometrics, allowing for comparison with existing biometric data when required. This advanced technology plays a crucial role in protecting patient privacy and maintaining the integrity of medical records.

Restraint

Most healthcare facilities are inclined towards cost-effective options, leading to the utilization of biometrics systems for access control in various areas such as doors, elevators, critical care units, and information rooms. However, the high installation costs associated with biometric devices have resulted in a relatively low adoption rate in hospitals. This factor has the potential to limit the growth of the global healthcare biometrics market in the foreseeable future.

Market Trends

The healthcare biometrics market trends indicate a growing emphasis on enhancing security through the integration of multiple authentication factors, transforming access management solutions into multi-factor authentication (MFA) systems. MFA offers a scalable and tiered approach to security, enabling the restriction of access to highly sensitive data. In addition to biometrics, MFA incorporates various factors such as passwords, secret questions, one-time passwords (OTPs), location, user behavior, registered mobile devices, and more. These additional layers of authentication, combined with biometrics, leverage medical history, databases, and other relevant information to establish robust security measures in the healthcare sector.

Product Code: SQMIG35G2096

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Healthcare Biometrics Market by Technology

Market Overview
Face recognition
palm recognition
fingerprint recognition
iris recognition
behavioural recognition
vein recognition
and others

Global Healthcare Biometrics Market by Application

Market Overview
Logical access control
transaction authentication
and physical access control

Global Healthcare Biometrics Market by End-user

Market Overview
Hospitals
clinics
healthcare institutions
research & laboratories

Global Healthcare Biometrics Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Bio-Key International, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
NEC Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
3M Cogent Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Fujitsu Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Crossmatch Technologies Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Safran Identity & Security (Morpho)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Imprivata Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Suprema Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Lumidigm Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ZKTeco Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
BioEnable Technologies Pvt. Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Genkey Solutions B.V.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
IDEMIA Group (formerly OT-Morpho)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Aware Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zwipe AS
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
M2SYS Technology
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Qualcomm Technologies Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bio-Metrica LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ValidSoft UK Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Veridium Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Healthcare Biometrics Market Size, Share, Growth Analysis, By Technology(Face recognition, palm recognition), By Application(Logical access control, transaction authentication), By End-user(Hospitals, clinics) - Industry Forecast 2023-2030