What is the global market size of the Healthcare Biometrics Market?

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).

Healthcare Biometrics Market Size, Share, Growth Analysis, By Technology (Single-Factor Authentication, Single-Factor Authentication), By Application (Medical Record & Data Center Security, Patient Identification & Tracking), By End User (Hospitals & Clinics, Healthcare Institutions), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35G2096 | Region: Global | Published Date: February, 2024
Pages: 260 | Tables: 95 | Figures: 76

Healthcare Biometrics Market News

In November 2022, BioIntelliSense, Inc., a company that provides continuous health monitoring and clinical intelligence, announced a collaboration with the Translational Research Institute for Space Health (TRISH) to advance understanding of human health in space.
In November 2022, Keyo, a palm vein biometrics developer based in New York, is introducing an identity management network to provide physical and logical access control with a focus on privacy.
In May 2021, Imprivata collaborated with Aware and Idemia to launch face biometrics for healthcare. It refers to a new mobile facial biometrics technology that is intended to make self-enrollment for electronic prescriptions for controlled substances (EPCS) easier and more compliant with Drug Enforcement Agency (DEA) regulations in the United States.

Healthcare Biometrics Market Report Snapshots

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Global Healthcare Biometrics Market size was valued at USD 3.22 billion in 2022 and is poised to grow from USD 3.8 billion in 2023 to USD 14.17 billion by 2031, growing at a CAGR of 17.9% during the forecast period (2024-2031).

Global healthcare biometrics market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'NEC Corporation (Japan) ', 'Fujitsu Limited (Japan) ', '3M Cogent, Inc. (US) ', 'Morpho (a subsidiary of Safran SA) (France) ', 'Imprivata, Inc. (US) ', 'Suprema Inc. (South Korea) ', 'BIO-key International, Inc. (US) ', 'Crossmatch Technologies, Inc. (US) ', 'Lumidigm (a subsidiary of ASSA ABLOY) (Sweden) ', 'ZKteco, Inc. (China) ', 'Integrated Biometrics (US) ', 'IDEMIA (Morpho) (France) ', 'Zotero (US) ', 'Medtronic (Ireland) ', 'Hikvision Digital Technology (China) ', 'Fujifilm Holdings Corporation (Japan) ', 'Honeywell International Inc. (US) ', 'Cerner Corporation (US) ', 'Gemalto (a Thales company) (France) ', 'SecuGen Corporation (US) '

Healthcare biometrics market future is bright as medical personnel keep the medical data of hospitals and clinics extremely confidential. This is due to the need to protect patient information, which cannot be disclosed to anyone without the doctor's or the patient's consent. This is giving rise to the use of a biometric scanner, which examines the user's biological data by recording and storing specific physical information for future reference or identification. The scanned data is converted into digital format using software and is retrieved by a scanning device acknowledged into a database in the form of biometrics to form a comparison with the existing biometric data when necessary.

According to the healthcare biometrics market trends, there is increasing the number of authentication factors that transforms the security of an access management solution into multi-factor authentication (MFA). MFA provides scalable, tiered levels of security that can be used to restrict access to the most sensitive data. Other than biometrics, medical history, databases, and other helpful information use different levels of MFA, incorporating a variety of factors such as passwords, secret questions, OTPs, location, user behaviour, registered mobile devices, and so on.

As a result of the higher number of crimes and frauds in the healthcare system, North America is expected to dominate the global healthcare biometrics market during the forecast period. The rise in the number of fraudulent activity and misleading information has increased the demand for advanced biometric technology in the system, which will aid in the protection of the health care database's information. These advanced systems collect registration information and patient data and store it for future purposes for eliminating unethical breaches into the system.

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Healthcare Biometrics Market News

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