Healthcare Biometrics Market (By Technology: Single-factor Authentication, by Technology, Signature Recognition, Voice Recognition, Other Behavioral Recognition, Single-factor Authentication, by Type, Multi-factor Authentication, by Type, Multimodal Authentication, by Type; By Application, By End User) - Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2022-2030

The global healthcare biometrics market size was valued at USD 26.02 billion in 2021 and is projected to be worth around USD 79 billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 18.1% from 2022 to 2030.

Security has always remained a vital concern in the healthcare sector when it comes to safeguard confidential medical data, records, and patients’ privacy. Biometric devices analyze biological data of a user by capturing unique his or her physical human features and use them as a future reference (template) for user’s identification. Healthcare facilities across the globe are increasingly shifting their focus on implementing biometric security solutions for patient identification and their linking to electronic health records system to the respective patients. Integrity of patient identity, efficient and safe data recording, control on medical frauds, and reduction in inventory theft are some of the distinct advantages offered by biometrics.

Biometrics allows matching of a patient to his records with minimal possibility of errors and avoids mixing up of patient information, which can have serious consequence on the health and wellbeing of such patients. Moreover, factors such as culmination of false patient identity, patient protection, and reduction of the overburden of medical frauds and security of medical records have urged those in the healthcare industry to opt for biometrics.

Healthcare Biometrics Market: Overview

• Biometrics is used to identify and authenticate an individual’s identity by his or her biological characteristics or traits
• This technology is utilized in the healthcare industry for the verification and access control of patient and medical staff
• Use of biometric identity solutions helps prevent and minimize healthcare fraud and resource wastage, while also improve healthcare safety, quality, and patient privacy
• Rapid technological advancements in healthcare infrastructure, increasing accuracy and performance levels, along with reduced complexity and cost of biometric devices are some of the major factors driving the adoption of biometrics in healthcare
• Rise in preference to reduce healthcare expenditure by minimizing the risk of security breaches and medical identity thefts with the use of biometrics fuels the acceptance of biometric systems in the healthcare industry worldwide

Report Scope of the Healthcare Biometrics Market 

Increasing Adoption of Fingerprint Recognition Technology to Drives Healthcare Biometrics Market

Basic components of biometric identification systems consist of a scanning device or a reader, software to convert the scanned information into digital form and a database to store the biometric data for comparison with entered biometric data. A variety of human features such as fingerprint, face, iris, vein, voice, hand, and signature seem to reveal several potential attributes for biometric authentication. Availability of fingerprint recognition devices and adoption of portable fingerprint scanners in healthcare are factors driving the demand for the fingerprint technology, thus expanding the healthcare biometrics market.

Use of biometrics with the help of these physical characteristics, along with logical or physical access or both together has found a worldwide use in the healthcare sector. However, improper storage of medical data may pose a threat of invasion of the user’s identity and thus, challenge patient security. Biometric solutions facilitate the provision restricted access to rooms or computer network systems from unauthorized access.

Technological Advancement in Biometric Devices to Drive Global Market

The use of multimodal biometric system, which combines different types of biometric methods, such as combining facial and iris recognition is currently rapidly progressing trend. Biometrics is a promising and a fast growing segment in the field of next generation personal authentication & security systems and changing the perception and look of the healthcare industry. Companies investing heavily in developing automated biometric systems with improved accuracy and response time may gain greater benefits in the near future. Introduction of new products with reduced cost and showcasing advantages & advanced capabilities of biometric security solutions at various conferences, laboratories, trade shows, web casting, and electronic newsletters is further boosting the growth of new competitors in the healthcare biometrics market.

Lucrative Growth Opportunities for North America Market Players

The North America healthcare biometrics market is expected to account for the largest share of the global market. This can be attributed to the extensive implementation of healthcare fraud controlling systems and enforcement of in the U.S. Availability of advanced healthcare infrastructure and technological advances are expected to drive the North America healthcare biometrics market in the upcoming years. Growing acceptance of biometrics in by major medical fields and its verified efficiency in hospitals, clinical laboratories, research labs, and other healthcare facilities drives the market for healthcare biometrics in North America. Factors such as reduction in healthcare frauds, secured patient privacy and medical records, decline in fake insurance claims reduction in identification and reimbursement processing, cost containment of the biometric devices, and introduction of cheaper products with better accuracy will result in rapid adoption of biometrics security solutions in healthcare sector in the emerging markets.

North America to Dominate Healthcare Biometrics Market

• North America is expected to remain a prominent market for healthcare biometrics technologies
• Currently, North America, along with Europe account for more than 75% share of the global market. In the developing world, Asia Pacific is estimated to provide significant opportunities for biometrics security solutions in the healthcare sector due to budding domestic and export markets for nationally produced biometric devices.

Financial Benefits Offered by Healthcare Biometrics

• In addition to provision of data and identity integrity by the use of biometrics, this technology is also instrumental in saving billions of dollars every year
• This is facilitated by curtailing the costs availed by healthcare providers in correction and mitigation of operational and administrative errors
• Healthcare providers have begun to place more emphasis on the adoption of modern quantification technologies that would increase the accuracy of patient identification and thereby avoid errors, as modern healthcare providers have increased their focus on improving patient safety and thereby intensified their efforts to quantify the cost of avoidable medical errors
• Increase in exchange of healthcare information is fuelling the need for harmonization of this data exchange, particularly in heterogeneous administrative systems.
• Duplication of medical records and mismatch of patient and records is efficiently avoided by engaging a unique biometrics template linked to the record keeping system

Some of the prominent players in the Healthcare Biometrics Market include:

• Bio-Key International
• DigitalPersona
• 3M Cogent
• NEC Corporation
• Suprema
• Siemens AG.
• M2SYS LLC
• Cross Match Technologies

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

• By Technology

  • Single-factor Authentication, by Technology
    • Face Recognition
    • Fingerprint Recognition
    • Iris Recognition
    • Vein Recognition
    • Palm Geometry Recognition
    • Behavioral Recognition
  • Signature Recognition
  • Voice Recognition
  • Other Behavioral Recognition
    • Other authentication technologies [DNA analysis, retina analysis, ECG/EEG analysis])
  • Single-factor Authentication, by Type
    • Contact Biometrics
    • Non-contact Biometrics
  • Multi-factor Authentication, by Type
  • Multimodal Authentication, by Type
    • Two-factor Biometrics
    • Three-factor Biometrics

  By Application

  • Logical Access Control
  • Physical Access Control
  • Transaction Authentication

  By End User

  • Hospitals & Clinics
  • Respiratory Distress Syndrome
  • Healthcare Institutions
  • Research & Clinical Laboratories

By Geography

North America

• U.S.
• Canada

Europe

• Germany
• France
• United Kingdom
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• Southeast Asia
• Rest of Asia Pacific

Latin America

• Brazil
• Rest of Latin America

Middle East & Africa (MEA)

• GCC
• North Africa
• South Africa
• Rest of Middle East & Africa

Key Points Covered in Healthcare Biometrics Market Study:

• Growth of Healthcare Biometrics in 2022
• Market Estimates and Forecasts (2017-2030)
•  Brand Share and Market Share Analysis
•  Key Drivers and Restraints Shaping Market Growth
•  Segment-wise, Country-wise, and Region-wise Analysis
•  Competition Mapping and Benchmarking
•  Recommendation on Key Winning Strategies
•  COVID-19 Impact on Demand for Healthcare Biometrics and How to Navigate
•  Key Product Innovations and Regulatory Climate
•  Healthcare Biometrics Consumption Analysis
•  Healthcare Biometrics Production Analysis
•  Healthcare Biometrics and Management