Toll Free : + 1-888-961-4454 | Int'l : + 91 (788) 802-9103 | support@researchdive.com
LI20101266 |
Pages: 260 |
Feb 2023 |
The growing huge amount of healthcare data, along with an increasing patient pool, will be a primary factor propelling the growth rate of the healthcare biometrics market. Another important aspect driving market development is the rise in digitization. The rise in medical identity theft or healthcare frauds, as well as improved quality treatment offered by healthcare institutions, are important drivers that will boost market growth. Other significant factors such as the increase in the number of applications of biometric devices in the healthcare industry, expanding awareness about security systems, and rising need for newborn security in hospitals would cushion the market growth rate. Growing healthcare infrastructure and rising disposable incomes in emerging and developed nations will enhance the acceptance rate of new technologies such as biometrics, influencing the growth rate of the healthcare biometrics market. These factors are anticipated to boost the healthcare biometrics industry growth in the upcoming years.
However, the cost of the healthcare biometric system is high, which requires additional funding from the administration of the hospitals and clinics. Because of this, patients must pay more for their care, which drives up the cost of the entire healthcare system. This appears to be a factor restricting the healthcare biometric market growth.
A significant possibility for the market's development is the adoption of a contactless biometric system. In order to improve their systems and offer the best protection for patient data and hospital information, large corporations and hospitals are implementing technologies including face recognition and retina scan. In order to match the superior facilities offered by the developed nations, the developing countries are quickly embracing the usage of the biometric system. This offers a chance for the biometric healthcare system to expand its limits globally. These many factors proved to be excellent opportunity for market growth.
According to regional analysis, the Asia-Pacific healthcare biometrics market is anticipated to show the fastest growth. This is because in China, for instance, in September 2018, The Jiangxi Provincial People's Hospital in China installed self-service payment terminals coupled with Alipay's face recognition technology for safe transactions. It is China's first hospital to offer face recognition-based medical bill payment services.
Biometrics in healthcare primarily refers to patient identification and user access control. Biometrics are also used to identify fraud and protect the information of people recruited for clinical trials. Healthcare insurers in the U.S. suffer a high level of fraud and manipulation of facts to claim as paid benefits. Healthcare biometrics is an excellent solution for data security and fraudulent claims, and it has the potential to save the government and healthcare insurers billions of dollars. Secure patient identification is required to manage logical access to centralized archives of digitized patients' data, limit physical access to hospital wards and structures, and identify medical professionals.
The COVID-19 pandemic has brought several uncertainties leading to severe economic losses as various businesses across the world were standstill. This has ultimately lowered the demand for healthcare biometrics due to disruptions in supply chain, closure of manufacturing plants, as well as economic slowdown across several countries. Biometrics, artificial intelligence (AI), and machine learning were essential in reacting to the pandemic. Biometric systems have been incorporated and accepted as key instruments for COVID-19 early detection, medical screening, and public safety monitoring across the world. To counteract the spread of COVID-19, law enforcement agencies, several governments, and other businesses switched from touch-based biometric authentication to touchless biometric authentication technologies. As a consequence, Al and ML technologies and algorithms were pushed to their limits in order to create and refine cutting-edge contactless biometrics identification solutions.
However, in September 2022, according to the report published in Hindawi, a commercial publisher of scientific, technical, and medical literature, the majority of biometric authentication in the healthcare industry goes toward patient tracking and monitoring.
The use of multimodal biometrics systems, which integrate several types of biometrics methods such as combined facial and iris recognition, is a fast-growing trend. Biometrics is a promising and rapidly expanding area in the realm of next generation personal authentication and security systems that is transforming the image and appearance of the healthcare business. Companies who invest extensively in creating automated biometrics systems with increased accuracy and reaction speed may reap larger rewards in the near future. The introduction of new low-cost products and the demonstration of the benefits and advanced capabilities of biometrics security solutions at various conference laboratories, web casting, trade shows, and electronic newsletters are expected to boost the growth of new competitors in the healthcare biometrics market share in the future.
To know more about global healthcare biometrics market drivers, get in touch with our analysts here.
The cost of setting up biometric health records is significant. It has a big impact on the healthcare biometrics business. The majority of healthcare institutions prefer cost-effective options. Many consumers are enticed to the market's low-cost options. The biometrics system may regulate the market's entrances, elevators, critical care sections, and information room. It is difficult to install a biometric healthcare system at large facility. Connecting the biometric to the entire structure might cost a lot. These factors are expected to restrict the healthcare biometrics market size.
The increasing adoption of contactless biometric authentication is a significant driver of market development. Healthcare data breaches and medical identity theft are also driving market expansion. The increasing adoption of biometrics due to its cost-effectiveness, capacity to easily integrate cloud technology with healthcare services, and high-end assurance and security are some of the factors driving the market's growth. Many healthcare organizations have shifted away from traditional paper-based record management systems and toward cloud-based biometrics management. Additionally, technical advancements in cloud infrastructure have facilitated this change, resulting in a considerable increase in the market.
To know more about global healthcare biometrics market opportunities, get in touch with our analysts here.
Based on technology, the market has been divided into fingerprint recognition, face recognition, voice recognition, vein recognition, iris recognition, hand recognition, and others. Among these, the fingerprint recognition sub-segment accounted for the highest market share in 2021 and it is estimated to show the fastest growth during the forecast period.
Source: Research Dive Analysis
The fingerprint recognition sub-type accounted for a dominating market share in 2021 and it is anticipated to show the fastest growth during the forecast period. The fingerprint identification market holds the largest share due to its higher reliability and ease of access. A higher security is provided to the system with the help of DNA recognition which is foreseen to facilitate the demand for biometrics system in the healthcare sector. The fingerprint recognition pattern is the most popular biometric technology around the world, and it is gaining traction in the small-scale industry as well. Fingerprint recognition is the component that has lately gained popularity among many industries as a result of modernization. This approach has aided in increasing resistance to fraud situations, therefore safeguarding patient data and information.
Based on application, the market has been divided into medical record and data center security, patient identification and tracking, care provider authentication, home/remote patient monitoring, and others. Among these, the medical record and data center security sub-segment accounted for highest revenue share in 2021.
Source: Research Dive Analysis
The medical record and data center security sub-segment accounted for a dominating market share in 2021. These factors are anticipated to boost the growth of healthcare biometrics market sub-segment during the analysis timeframe. The digital transformation of many healthcare companies has led in the transfer of their data to the cloud. For instance, Imprivata has connected its One Sign solution with Microsoft Azure, enabling its healthcare clients to access their data in the cloud using biometric fingerprint screening as a method of identification.
Based on end-user, the market has been divided into hospitals, clinics, clinical laboratories, and healthcare institutions. Among these, the hospitals sub-segment accounted for highest revenue share in 2021.
Source: Research Dive Analysis
The hospitals sub-segment accounted for a dominating market share in 2021. Hospitals are using biometrics in healthcare mainly for employee and patient identification. This improves workflow, reduces duplication, and makes patients recognized throughout the health system. Since it becomes extremely difficult for the medical staff to operate when there is too much of confusion, the healthcare biometric system helps to authenticate the entry of the people by allowing only eligible people into the main premises of the hospitals. These factors are anticipated to boost the growth of the healthcare biometrics market in hospitals sub-segment during the analysis timeframe.
The healthcare biometrics market was investigated across North America, Europe, Asia-Pacific, and LAMEA.
Source: Research Dive Analysis
The North America healthcare biometrics market accounted for a dominating market share in 2021. The market for healthcare biometrics in North America is driven by biometrics' expanding acceptance among the main medical specialties and by hospitals, clinical labs, research labs, and other healthcare organizations. The reduction of healthcare fraud, protection of patient privacy and medical information, decrease in fictitious insurance claims, and faster identification and payment processing will cause biometric security systems to be quickly accepted. The frequency of fraudulent activities is expected to promote the adoption of these technologically advanced biometric technologies for collecting patient and registration data. Furthermore, the creation of new healthcare facilities such as hospitals and clinics may serve as a main driving force for the region's growth in this industry.
Investment and agreement are common strategies followed by major market players. For instance, in August 2021, a biometric security technology called SoundPass had been introduced by RAIsonance. The SoundPass software package transforms audio signatures into biometric signal signatures. Using artificial intelligence, it erects a biometric perimeter security wall around establishments including enterprises, amusement parks, places of public gathering, and university campuses.
Source: Research Dive Analysis
Some of the leading healthcare biometrics market players are Zotero, NEC CORPORATION, Crossmatch Technologies, Fujitsu Limited, Bio-Key International, 3M Cogent, Inc., Suprema Inc., IDEMIA (Morpho), Imprivata, Inc., and Integrated Biometrics.
| Aspect | Particulars |
| Historical Market Estimation | 2020 |
| Base Year for Market Estimation | 2021 |
| Forecast Timeline for Market Projection | 2022-2031 |
| Geographical Scope | North America, Europe, Asia-Pacific, and LAMEA |
| Segmentation by Technology |
|
| Segmentation by Application |
|
| Segmentation by End-User |
|
| Key Companies Profiled |
|
1.Research Methodology
1.1.Desk Research
1.2.Real time insights and validation
1.3.Forecast model
1.4.Assumptions and forecast parameters
1.5.Market size estimation
1.5.1.Top-down approach
1.5.2.Bottom-up approach
2.Report Scope
2.1.Market definition
2.2.Key objectives of the study
2.3.Report overview
2.4.Market segmentation
2.5.Overview of the impact of COVID-19 on Global healthcare biometrics market
3.Executive Summary
4.Market Overview
4.1.Introduction
4.2.Growth impact forces
4.2.1.Drivers
4.2.2.Restraints
4.2.3.Opportunities
4.3.Market value chain analysis
4.3.1.List of raw material suppliers
4.3.2.List of manufacturers
4.3.3.List of distributors
4.4.Innovation & sustainability matrices
4.4.1.Technology matrix
4.4.2.Regulatory matrix
4.5.Porter’s five forces analysis
4.5.1.Bargaining power of suppliers
4.5.2.Bargaining power of consumers
4.5.3.Threat of substitutes
4.5.4.Threat of new entrants
4.5.5.Competitive rivalry intensity
4.6.PESTLE analysis
4.6.1.Political
4.6.2.Economical
4.6.3.Social
4.6.4.Technological
4.6.5.Environmental
4.7.Impact of COVID-19 on healthcare biometrics market
4.7.1.Pre-covid market scenario
4.7.2.Post-covid market scenario
5.Healthcare Biometrics Market, by Technology
5.1.Overview
5.1.1.Market size and forecast, by Technology
5.2.Fingerprint Recognition
5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region, 2021-2031
5.2.3.Market share analysis, by country 2021 & 2031
5.3.Face Recognition
5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region, 2021-2031
5.3.3.Market share analysis, by country 2021 & 2031
5.4.Voice Recognition
5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region, 2021-2031
5.4.3.Market share analysis, by country 2021 & 2031
5.5.Vein Recognition
5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region, 2021-2031
5.5.3.Market share analysis, by country 2021 & 2031
5.6.Iris Recognition
5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region, 2021-2031
5.6.3.Market share analysis, by country 2021 & 2031
5.7.Hand Recognition
5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region, 2021-2031
5.7.3.Market share analysis, by country 2021 & 2031
5.8.Others
5.8.1.Key market trends, growth factors, and opportunities
5.8.2.Market size and forecast, by region, 2021-2031
5.8.3.Market share analysis, by country 2021 & 2031
5.9.Research Dive Exclusive Insights
5.9.1.Market attractiveness
5.9.2.Competition heatmap
6.Healthcare Biometrics Market, by Application
6.1.Overview
6.1.1.Market size and forecast, by Application
6.2.Medical Record and Data Center Security
6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by region, 2021-2031
6.2.3.Market share analysis, by country 2021 & 2031
6.3.Patient Identification and Tracking
6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by region, 2021-2031
6.3.3.Market share analysis, by country 2021 & 2031
6.4.Care Provider Authentication
6.4.1.Key market trends, growth factors, and opportunities
6.4.2.Market size and forecast, by region, 2021-2031
6.4.3.Market share analysis, by country 2021 & 2031
6.5.Home/Remote Patient Monitoring
6.5.1.Key market trends, growth factors, and opportunities
6.5.2.Market size and forecast, by region, 2021-2031
6.5.3.Market share analysis, by country 2021 2031
6.6.Others
6.6.1.Key market trends, growth factors, and opportunities
6.6.2.Market size and forecast, by region, 2021-2031
6.6.3.Market share analysis, by country 2021 2031
6.7.Research Dive Exclusive Insights
6.7.1.Market attractiveness
6.7.2.Competition heatmap
7.Healthcare Biometrics Market, by End-User
7.1.Overview
7.1.1.Market size and forecast, by end-user
7.2.Hospitals
7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast, by region, 2021-2031
7.2.3.Market share analysis, by country 2021 & 2031
7.3.Clinics
7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast, by region, 2021-2031
7.3.3.Market share analysis, by country 2021 & 2031
7.4.Clinical Laboratories
7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast, by region, 2021-2031
7.4.3.Market share analysis, by country 2021 & 2031
7.5.Healthcare Institutions
7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast, by region, 2021-2031
7.5.3.Market share analysis, by country 2021 & 2031
7.6.Research Dive Exclusive Insights
7.6.1.Market attractiveness
7.6.2.Competition heatmap
8.Healthcare Biometrics Market, by Region
8.1.North America
8.1.1.U.S.
8.1.1.1.Market size analysis, by Technology
8.1.1.2.Market size analysis, by Application
8.1.1.3.Market size analysis, by End-user
8.1.2.Canada
8.1.2.1.Market size analysis, by Technology
8.1.2.2.Market size analysis, by Application
8.1.2.3.Market size analysis, by End-user
8.1.3.Mexico
8.1.3.1.Market size analysis, by Technology
8.1.3.2.Market size analysis, by Application
8.1.3.3.Market size analysis, by End-user
8.1.4.Research Dive Exclusive Insights
8.1.4.1.Market attractiveness
8.1.4.2.Competition heatmap
8.2.Europe
8.2.1.Germany
8.2.1.1.Market size analysis, by Technology
8.2.1.2.Market size analysis, by Application
8.2.1.3.Market size analysis, by End-user
8.2.2.UK
8.2.2.1.Market size analysis, by Technology
8.2.2.2.Market size analysis, by Application
8.2.2.3.Market size analysis, by End-user
8.2.3.France
8.2.3.1.Market size analysis, by Technology
8.2.3.2.Market size analysis, by Application
8.2.3.3.Market size analysis, by End-user
8.2.4.Spain
8.2.4.1.Market size analysis, by Technology
8.2.4.2.Market size analysis, by Application
8.2.4.3.Market size analysis, by End-user
8.2.5.Italy
8.2.5.1.Market size analysis, by Technology
8.2.5.2.Market size analysis, by Application
8.2.5.3.Market size analysis, by End-user
8.2.6.Rest of Europe
8.2.6.1.Market size analysis, by Technology
8.2.6.2.Market size analysis, by Application
8.2.6.3.Market size analysis, by End-user
8.2.7.Research Dive Exclusive Insights
8.2.7.1.Market attractiveness
8.2.7.2.Competition heatmap
8.3.Asia-Pacific
8.3.1.China
8.3.1.1.Market size analysis, by Technology
8.3.1.2.Market size analysis, by Application
8.3.1.3.Market size analysis, by End-user
8.3.2.Japan
8.3.2.1.Market size analysis, by Technology
8.3.2.2.Market size analysis, by Application
8.3.2.3.Market size analysis, by End-user
8.3.3.India
8.3.3.1.Market size analysis, by Technology
8.3.3.2.Market size analysis, by Application
8.3.3.3.Market size analysis, by End-user
8.3.4.Australia
8.3.4.1.Market size analysis, by Technology
8.3.4.2.Market size analysis, by Application
8.3.4.3.Market size analysis, by End-user
8.3.5.South Korea
8.3.5.1.Market size analysis, by Technology
8.3.5.2.Market size analysis, by Application
8.3.5.3.Market size analysis, by End-user
8.3.6.Rest of Asia-Pacific
8.3.6.1.Market size analysis, by Technology
8.3.6.2.Market size analysis, by Application
8.3.6.3.Market size analysis, by End-user
8.3.7.Research Dive Exclusive Insights
8.3.7.1.Market attractiveness
8.3.7.2.Competition heatmap
8.3.8.LAMEA
8.3.9.Brazil
8.3.9.1.Market size analysis, by Technology
8.3.9.2.Market size analysis, by Application
8.3.9.3.Market size analysis, by End-user
8.3.10.Saudi Arabia
8.3.10.1.Market size analysis, by Technology
8.3.10.2.Market size analysis, by Application
8.3.10.3.Market size analysis, by End-user
8.3.11.UAE
8.3.11.1.Market size analysis, by Technology
8.3.11.2.Market size analysis, by Application
8.3.11.3.Market size analysis, by End-user
8.3.12.South Africa
8.3.12.1.Market size analysis, by Technology
8.3.12.2.Market size analysis, by Application
8.3.12.3.Market size analysis, by End-user
8.3.13.Rest of LAMEA
8.3.13.1.Market size analysis, by Technology
8.3.13.2.Market size analysis, by Application
8.3.13.3.Market size analysis, by End-user
8.3.14.Research Dive Exclusive Insights
8.3.14.1.Market attractiveness
8.3.14.2.Competition heatmap
9.Competitive Landscape
9.1.1.Top winning strategies, 2021
9.1.1.1.By strategy
9.1.1.2.By year
9.1.2.Strategic overview
9.1.3.Market share analysis, 2021
10.Company Profiles
10.1.1.Zotero
10.1.1.1.Overview
10.1.1.2.Business segments
10.1.1.3.Product portfolio
10.1.1.4.Financial performance
10.1.1.5.Recent developments
10.1.1.6.SWOT analysis
10.1.2.NEC CORPORATION
10.1.2.1.Overview
10.1.2.2.Business segments
10.1.2.3.Product portfolio
10.1.2.4.Financial performance
10.1.2.5.Recent developments
10.1.2.6.SWOT analysis
10.1.3.Crossmatch Technologies
10.1.3.1.Overview
10.1.3.2.Business segments
10.1.3.3.Product portfolio
10.1.3.4.Financial performance
10.1.3.5.Recent developments
10.1.3.6.SWOT analysis
10.1.4.Fujitsu Limited
10.1.4.1.Overview
10.1.4.2.Business segments
10.1.4.3.Product portfolio
10.1.4.4.Financial performance
10.1.4.5.Recent developments
10.1.4.6.SWOT analysis
10.1.5.Bio-Key International
10.1.5.1.Overview
10.1.5.2.Business segments
10.1.5.3.Product portfolio
10.1.5.4.Financial performance
10.1.5.5.Recent developments
10.1.5.6.SWOT analysis
10.1.6.3M Cogent, Inc.
10.1.6.1.Overview
10.1.6.2.Business segments
10.1.6.3.Product portfolio
10.1.6.4.Financial performance
10.1.6.5.Recent developments
10.1.6.6.SWOT analysis
10.1.7.Suprema Inc.
10.1.7.1.Overview
10.1.7.2.Business segments
10.1.7.3.Product portfolio
10.1.7.4.Financial performance
10.1.7.5.Recent developments
10.1.7.6.SWOT analysis
10.1.8.IDEMIA (Morpho)
10.1.8.1.Overview
10.1.8.2.Business segments
10.1.8.3.Product portfolio
10.1.8.4.Financial performance
10.1.8.5.Recent developments
10.1.8.6.SWOT analysis
10.1.9.Imprivata, Inc.
10.1.9.1.Overview
10.1.9.2.Business segments
10.1.9.3.Product portfolio
10.1.9.4.Financial performance
10.1.9.5.Recent developments
10.1.9.6.SWOT analysis
10.1.10.Integrated Biometrics
10.1.10.1.Overview
10.1.10.2.Business segments
10.1.10.3.Product portfolio
10.1.10.4.Financial performance
10.1.10.5.Recent developments
10.1.10.6.SWOT analysis
11.Appendix
11.1.1.1.Parent & peer market analysis
11.1.1.2.Premium insights from industry experts
11.1.1.3.Related reports
* Taxes/Fees, If applicable will be added during checkout. All prices in USD.
Have a question ?
Enquire To BuyNeed to add more ?
Request Customization
