Healthcare Biometric Market, By Product (Physiological (Fingerprint, Face, Iris, Palm, DNA) and Behavioral (Signature, Voice And Others)), By Type ( Single Factor Identification and Multi Factor Identification) by End user (Hospitals, Ambulatory Care Centers, Diagnostic Centers, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI4118 | Publish Date: April 2024 | No. of Pages: 180

Global Healthcare Biometric Market By Overview

Healthcare Biometric Market was valued at US$ 4.5 billion in 2024 and is projected to grow at a CAGR of 18.3 % to reach US$ 20.8 billion by 2034.

Healthcare biometrics is the use of biometric technologies to improve efficiency, security, and privacy in the healthcare industry. People's distinct physical and behavioral traits are measured and statistically analyzed in the field of biometrics. The main applications of biometrics in healthcare are identity verification, access control, and data security for private medical records. The rising awareness of the need for cyber security, effective monitoring of patients and employee verification have become the major factors in Healthcare Biometrics Market growth. Rise in healthcare industries has driven the market growth. Healthcare Biometrics contributes significantly to enhance patient safety, data security and to reduce cyber frauds which occur in healthcare industries.

Healthcare biometrics plays a vital role in keeping patient information safe and limits the access of data to certain authorized individuals. These biometric solutions are used for continuous monitoring which is especially helpful for remote patient monitoring and the early diagnosis of illnesses. It also makes sure that the patient identification is precise and accurate having minimal errors. It also provides controlled access to authorized personnel’s and therefore enhances the security of healthcare facility by safeguarding critical information.

Healthcare Biometric Market Size Report

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Global Healthcare Biometric Market By Drivers & Restraints

Healthcare Biometric Market Key Drivers:

  •  Rising awareness of data security

The growing need for safe and effective identity verification, access control, and fraud prevention in the healthcare sector is the reason behind its continuous growth over the years. The support and increased awareness given by the government has not only facilitated its growth but also boosted its implementation in the healthcare sector. To prevent identity thefts, insurance frauds and safety issues regarding critical medical data, it is important to notice this issue by effective implementation of biometrics technology. For instance, in 2022, according to National Institute of Diabetes and Digestive and Kidney Diseases, between 60 million to 70 million Americans are suffering from gastrointestinal disorders which has led to 250,000 deaths each year. However, rising prevalence of chronic diseases has fueled the target market growth.

Further,  according to the CDC (Centers for Disease Control and Prevention), in the United States, around 697,000 people died from heart disease, and around 20.1 million adults aged 20 and older are suffering from coronary artery disease (CAD), which in turn supports the growth of Healthcare Biometric Market .                                                    

  •  Technological advancements in biometric

Technological advancement in biometrics development has become a major factor in Healthcare Biometrics Market Growth. Increase in accuracy and precision of biometric devices has fueled its demand significantly. The development of contactless biometrics has also observed huge growth in the recent years since the Covid-19 pandemic. The usage of face and voice recognition biometric solutions has only been on rise since then.  

Healthcare Biometric Market Restrains:

Healthcare Biometrics is an essential component of healthcare system to maintain a secure environment for the medical records and other critical patient data. The expansion of the healthcare biometrics market is anticipated to be constrained by consumer adoption and the high cost of healthcare biometric devices. The biometric technology might hinder with the existing solutions for the same and can create issues regarding its operation in the sector. It can be expensive to implement biometric systems, particularly for smaller healthcare companies. Biometric information is very private and should be handled with utmost care. The broad use of biometrics in healthcare may be hampered by worries about illegal access, misuse, or possible breaches of biometric data.

Global Healthcare Biometric Market By Segmentations & Regional Insights

Healthcare Biometric Market is segmented based on by Product, by Type, by End user, and by Region.

Product Insights

On the basis of product, Healthcare Biometric Market is segmented into Fingerprint Recognition, Palm Vein Recognition, Face Recognition, Behavioral Recognition, Voice Recognition, Iris Recognition, Signature Recognition, and Others. These biometric solutions have better operating efficiency and can safeguard patient data in the best way possible for healthcare sector.

Type Insights

On the basis of Type, Healthcare Biometric Market is segmented into Single Factor Identification (Contact biometrics and Contactless biometrics) and Multi Factor Identification (Smart card, Biometric pin and others). These biometric gadgets can provide various methods of identification which can facilitate the system according to their needs by also providing data protection.

End user Insights

On the basis of end user, Healthcare Biometric Market is segmented into Hospitals, Clinics, Healthcare Institutions, Research Laboratories, Medical Centers and Others. Hospitals and healthcare institutions are the major factors for biometrics market growth due to higher responsibility of protecting patient data and reducing cyber thefts.

Regional Insights:

On region the Healthcare Biometric Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Regional Insights - Healthcare Biometrics Market

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

  • North America market is estimated to witness a significantly high revenue share over the forecast period due to increase in identity thefts and insurance frauds that occur in healthcare industries.
  • Asia Pacific market is estimated to witness constant growth in biometric market due to growing awareness of cyber security and data safety. The need to implement these biometric solutions in the healthcare sector is only set to increase due to increased government support and awareness.

Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024 to 2034

Market Segmentation

By Product- Fingerprint Recognition, Palm Vein Recognition, Face Recognition, Behavioral Recognition, Voice Recognition, Iris Recognition, and Others.

By Type - Single Factor Identification(Contact biometrics and Contactless biometrics) and Multi Factor Identification (Smart card, Biometric pin and Others)

 By End user – Hospitals, Clinics, Healthcare Institutions, Research Laboratories, Medical Centers and Others.

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the Healthcare Biometric Market report based on product, type, end user, and region:

Healthcare Biometric Market, By Product:

  • Fingerprint Recognition
  • Palm Vein Recognition
  • Face Recognition
  • Behavioral Recognition
  • Voice Recognition
  • Iris Recognition
  • Others

Healthcare Biometric Market, By Type:

  • Single Factor Identification
    • Contact biometrics
    • Contactless biometrics
  • Multi Factor Identification
    • Smart card
    • Biometric pin
  • Others

Healthcare Biometric Market , By End user:

  • Hospitals
  • Clinics
  • Healthcare Institutions
  • Research Laboratories
  • Medical Centers
  • Others

Healthcare Biometric Market, By Region:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • Israel
    • South Africa
    • Rest of Middle East & Africa

Global Healthcare Biometric Market By Competitive Landscape & Key Players

The key players operating the Healthcare Biometric Market includes, 3M Company, Inc., NEC Corporation, Fujitsu,  MorphoTrust, Imprivata, Inc., Hitachi Ltd., Supreme, BIO-key International, Crossmatch, Integrated Biometrics, Nuance Communications, Inc., Genkey Solutions B.V., Agnitio, and Qualcomm Technologies, Inc. and Others.

Global Healthcare Biometric Market By Recent News

Recent Development:

  • In March 2022, BiointelliSense introduced a new gadget called BioButton. This is a rechargeable gadget that can work efficiently for thirty days on one charge. The wearable gadget monitors and identifies more than twenty indicators. It is a medical grade wearable device that can provide continuous physiologic monitoring of various indicators.
  • In January 2022, Mitsubishi Electric Corporation Limited introduced a facial recognition system to monitor indicators like body temperature, heart rate, and blood oxygen level. This biometric solution can provide continuous monitoring of occupants and can track an individual’s health indicators effectively.

Global Healthcare Biometric Market By Company Profile

Company Profile:

  • 3M Company, Inc.,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • NEC Corporation,
  • Fujitsu
  • MorphoTrust,
  • Imprivata, Inc.,
  • Hitachi Ltd.,
  • Supreme,
  • BIO-key International,
  • Crossmatch,
  • Integrated Biometrics,
  • Nuance Communications, Inc.,
  • Genkey Solutions B.V.,
  •  Agnitio Qualcomm Technologies, Inc. and Others

“*” marked represents similar segmentation in other categories in the respective section

FAQs

The Healthcare Biometric Market has been segmented on the basis of technology, type, end user, and region.

Important driver responsible for growth of healthcare biometrics market are increasing incidence of the fraud with patient data base and increasing incidence of medical error due to incorrect patient identification by healthcare provider while patient is admitted and in unconscious state.

North America is expected to account major market share as compared to that of other regions.

Key players operating in the healthcare biometrics market includes 3M Company, Inc., NEC Corporation, Fujitsu, MorphoTrust, Imprivata, Inc., Hitachi Ltd., Suprema, BIO-key International, Crossmatch, Integrated Biometrics, Nuance Communications, Inc., Genkey Solutions B.V., Agnitio, and Qualcomm Technologies, Inc.