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Healthcare Biometrics Market Report Scope & Overview:

The Healthcare Biometrics Market Size was valued at USD 537.03 million in 2022 and is expected to reach USD 2263.3 million by 2030 and grow at a CAGR of 19.7% over the forecast period 2023-2030.

The technology that is utilised to gauge each individual's distinct behavioural and physical traits is known as biometrics. It is primarily employed for the naming, recognizing, and authenticating of people who are being watched. When it comes to protecting patients' privacy and sensitive medical information, security has always been a top priority in the healthcare industry. In order to identify a user in the future, biometric devices evaluate a user's biological data by collecting distinctive physical characteristics of the user. The fundamental elements of biometric identification systems are a scanning apparatus or reader, software to transform the scanned data into digital form, and a database to store the biometric data for comparison with biometric data that has been manually entered.

Healthcare Biometrics Market Revenue Analysis

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A touchless method of authenticating a person's identity and granting access to sensitive areas is provided by biometrics, which include voice and face. Biometrics technology in the medical profession may be able to help slow the transmission of viruses in clinics, workplaces, and hospitals given the current climate. In order to provide precise patient identification or to keep track of patients, biometrics are employed in medical facilities such as clinics and hospitals. Controlling access or storing patient records are examples of applications.

MARKET DYNAMICS 

DRIVERS

  • Government programmes that facilitate the use of biometrics in healthcare are put into action.

  • Medical identity theft and compromises of healthcare data are becoming more frequent.

RESTRAINTS

  • Biometric technology is very expensive.

  • Biometric technology use-related issues.

OPPORTUNITIES

  • Biometric identification that is contactless.

  • Integration of biometric technologies into healthcare systems in developing nations.

CHALLENGES

  • Privacy of biometric information.

IMPACT OF COVID-19

Global industries are significantly impacted by Covid 19. The demand for healthcare biometrics is being impacted by the difficulty in operating security solution industries. Health facilities are being severely burdened by this pandemic. Hospitals are overflowing with patients seeking proper care. It is increasing the demand for security in medical facilities. Hospital patient populations are growing faster than ever. It results in a significant uptake of biometrics. The market for producing these biometric systems, however, is having difficulties. There are numerous production sites that are impacted by the virus's quick spread.

By Technology Type

The market is divided into single-factor, multi-factor, and multimodal components. Due to the need for developed countries for secure assurance platforms and the growing acceptance of multi-component health care providers, the multi-compliance guarantee market is expected to grow at a very high CAGR. The one-factor authentication industry is divided into communication biometrics and non-contact biometrics by type. The single-factor authentication market is expected to be dominated by communication biometrics in 2016. The untouchable biometrics market, is expected to expand to the largest CAGR during the speculative period. Non-disruptive biometric features are not touchable, which allows data to be accessed even remotely, and its visual speed is marked by an extension of the segment.

By Application

The market has been divided into four categories: patient identification and tracking, care provider authentication, and others. During the predicted period, the segment for medical records and data center security anticipated strong growth. Demand for healthcare biometrics is fueling the market's expansion along with the increasing use of electronic health records in healthcare facilities and worries about the security of information exchange and data integrity.

By End User

Hospitals & clinics, research & clinical laboratories, and healthcare institutions make up the market segments. The market is anticipated to be dominated by the healthcare institutions sector, which is projected to develop at the highest CAGR. The significant development of this market may be ascribed to the rising acceptance of biometric solutions for workflow management and to protect Internet of Things (IoT) platforms, devices, and pedestrian entries as well as data equipment enclosures.

KEY MARKET SEGMENTATION:

By Technology Type

  • Single-factor Authentication

  • Signature Recognition

  • Voice Recognition

  • Other Behavioral Recognition

  • Single-factor Authentication

  • Multi-factor Authentication

  • Biometrics with PIN

  • Multimodal Authentication

  • Two-factor Biometrics

  • Three-factor Biometrics

By Application

  • Patient Identification & Tracking

  • Medical Record Security & Data Center Security

  • Care provider authentication

  • Home/remote patient monitoring

  • Pharmacy dispensing

By End User

  • Hospitals & Clinics

  • Healthcare institutions

  • Research & Clinical laboratories

Healthcare Biometrics Market Segmentation Analysis

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REGIONAL ANALYSIS

North America and Europe are the two regions that dominate the global market for healthcare biometrics. The projection period is expected to see the greatest CAGR percent in the North American market. The presence of numerous well-known firms and growing government initiatives to secure data security and the safety of healthcare institutions are both factors in this rise. As a result, biometric technologies are being used more frequently to abide with strict standards like HITECH and HIPAA.

REGIONAL COVERAGE

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

KEY PLAYERS:

The Major key players are 3M Cogent, Inc., Bio-Key International, Inc., Cross Match Technologies, Inc., Fujitsu Ltd., Imprivata, Inc., Lumidigm, Inc., NEC Corporation, Siemens AG, ZKTeco, Inc., Suprema, Inc. and other players.

Cross Match Technologies, Inc-Company Financial Analysis

Company Landscape Analysis

Healthcare Biometrics Market Report Scope:

Report Attributes Details
Market Size in 2022 US$ 537.03 Million
Market Size by 2030 US$ 2263.3 Million
CAGR CAGR of 19.7% From 2023 to 2030
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Technology Type (Single-factor Authentication, Signature Recognition, Voice Recognition, Other Behavioral Recognition, Single-factor Authentication, Multi-factor Authentication, Biometrics with PIN, Multimodal Authentication, Two-factor Biometrics, Three-factor Biometrics)
• By Application (Patient Identification & Tracking, Medical Record Security & Data Center Security, Care provider authentication, Home/remote patient monitoring, Pharmacy dispensing)
• By End User (Hospitals & Clinics, Healthcare institutions, Research & Clinical laboratories)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles 3M Cogent, Inc., Bio-Key International, Inc., Cross Match Technologies, Inc., Fujitsu Ltd., Imprivata, Inc., Lumidigm, Inc., NEC Corporation, Siemens AG, ZKTeco, Inc., Suprema, Inc.
Key Drivers • Government programmes that facilitate the use of biometrics in healthcare are put into action.
• Medical identity theft and compromises of healthcare data are becoming more frequent.
Restraints • Biometric technology is very expensive.
• Biometric technology use-related issues.

Frequently Asked Questions

 Ans: The Healthcare Biometrics Market size was valued at US$ 537.03 Mn in 2022.

Ans: The Healthcare Biometrics Market is growing at a CAGR of 19.7% over the forecast period 2023-2030.

The technology that is utilised to gauge each individual's distinct behavioural and physical traits is known as biometrics. It is primarily employed for the naming, recognizing, and authenticating of people who are being watched. When it comes to protecting patients' privacy and sensitive medical information, security has always been a top priority in the healthcare industry.

The challenges faced by Healthcare Asset Management market is Privacy of biometric information. 

Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Healthcare Biometrics Market Segmentation, By Technology Type

8.1 Single-factor Authentication

8.2 Signature Recognition

8.3 Voice Recognition

8.4 Other Behavioral Recognition

8.5 Single-factor Authentication

8.6 Multi-factor Authentication

8.7 Biometrics with PIN

8.8 Multimodal Authentication

8.9 Two-factor Biometrics

8.10 Three-factor Biometrics

9. Healthcare Biometrics Market Segmentation, By Application

9.1 Patient Identification & Tracking

9.2 Medical Record Security & Data Center Security

9.3 Care provider authentication

9.4 Home/remote patient monitoring

9.5 Pharmacy dispensing

10. Healthcare Biometrics Market Segmentation by End User

10.1 Hospitals & Clinics

10.2 Healthcare institutions

10.3 Research & Clinical laboratories

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12. Company Profiles

12.1 3M Cogent

12.1.1 Financial

12.1.2 Products/ Services Offered

12.1.3 SWOT Analysis

12.1.4 The SNS view

12.2 Bio-Key International, Inc.

12.3 Cross Match Technologies, Inc.

12.4 Fujitsu Ltd.

12.5 Imprivata, Inc.

12.6 Lumidigm, Inc.

12.7 NEC Corporation

12.8 Siemens AG

12.9 ZKTeco, Inc.

12.10 Suprema, Inc.

13. Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share Analysis

13.3 Recent Developments

14. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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Primary Research

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Data Bank Validation

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