Healthcare Biometrics Market Growth, Industry Demand, Top Companies Analysis, Business Opportunity and Research Report 2022-2027

PRESS RELEASE

Published February 9, 2023

According to the latest report by IMARC Group, titled “Healthcare Biometrics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” the global healthcare biometrics market size reached US$ 3.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.7 Billion by 2027, exhibiting a growth rate (CAGR) of 19.4% during 2022-2027. Healthcare biometrics refers to biological measurements to authenticate and identify patients based on their physical or behavioral characteristics. It is adopted in the healthcare sector for providing access control to users. Some commonly used biometric identifiers are palm veins, fingerprints, face, iris, DNA, and retina. These traits are recorded and detected by electronic devices to authenticate individuals for secure entry and access to systems and data. It offers several benefits, such as medical record and data center security, care provider authentication, and remote patient monitoring. Owing to these properties, healthcare biometrics are widely utilized across hospitals, clinics, research, and clinical laboratories across the globe.

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Industry Demand:

The market is primarily driven by the rising incidences of security breaches and the surging need for efficient security solutions to ensure patient identity integrity, safe data recording, and minimization of inventory theft. In addition, the increasing adoption of electronic health records (EHR) and computerized physician order entry by healthcare organizations represents another major growth-inducing factor. Besides this, the market is also driven by the growing utilization of biometric solutions in research and clinical labs to secure data equipment enclosures, devices, and platforms connected to the Internet of Things (IoT). Moreover, governments of numerous countries are implementing legislation to address patient data-related security concerns, which, in turn, is augmenting market growth. Furthermore, the introduction of multimodal biometric systems and the increasing usage of fingerprint recognition biometrics in childcare hospitals to eliminate newborn baby swaps and enable vaccination tracking are also creating a favorable market outlook across the globe.

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Competitive Landscape with Key Players:

The competitive landscape of the industry has also been examined along with the profiles of the key players being:

Bio-Key International Inc
Fujitsu Limited
Hid Global Corporation (Assa Abloy AB)
Imprivata Inc
NEC Corporation (AT&T Corporation)
Nuance Communications Inc. (Microsoft Corporation)
RightPatient
Suprema Inc
Thales Group
Zkteco Biometrics India Private Limited

Key Market Segmentation:

Breakup by Technology:

Single Factor Authentication
- Iris Recognition
- Face Recognition
- Signature Recognition
- Hand Recognition
- Voice Recognition
- Fingerprint Recognition
- Others
Multi-Factor Authentication
- Biometric Card
- Password
- Others

Breakup by Application:

Medical Record and Data Center Security
Patient Identification and Tracking
Care Provider Authentication
Home/Remote Patient Monitoring
Others

Breakup by End User:

Hospital and Clinics
Research and Clinical Laboratory
Others

Breakup by Region:

North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

Market Performance
Market Outlook
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

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