The global Healthcare biometrics Market is estimated to be valued at US$ 25.77 Bn in 2023 and is expected to exhibit a CAGR of 12% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
Healthcare biometrics refers to the application of unique physiological traits that automated systems use to identify or verify individuals. The use of biometrics in healthcare has many advantages like increasing security, streamlining check-in and administration process and integrating with electronic health records. An increasing number of hospitals are adopting biometric technologies like fingerprint, face and iris recognition for securing patient records and authentication.
Market key trends:
One of the key trends in the healthcare biometrics market is the increasing adoption of multi-modal biometrics. Multi-modal biometrics combines two or more biometric traits like fingerprint, face and iris to authenticate users. It offers higher accuracy rates as compared to single biometric authentication. Integrating multi-modal biometrics with electronic health records enhances security and prevents identity theft. Recent advances in AI and machine learning have enabled development of robust multi-modal biometric solutions, driving their increasing adoption across healthcare organizations.
Segment Analysis
The healthcare biometrics market is segmented by technology, authentication mode, application, and geography. The technology segment includes fingerprint recognition, palm geometry recognition, iris recognition, facial recognition, vein recognition, and other technologies. Among these, the fingerprint recognition segment dominates the market and accounted for the highest market share in 2023. Fingerprint recognition is dominating as it is the most widely used and established biometric technology that provides reliable and cost-effective verification.
Key Takeaways
The global healthcare biometrics market is expected to witness high growth, exhibiting a CAGR of 12% over the forecast period, due to increasing demand for enhanced security and identification solutions in healthcare organizations.
Regional analysis: North America dominated the global market in 2023 and is expected to maintain its dominance over the forecast period. This is attributed to increasing adoption of biometric technologies by healthcare providers and organizations in the region to enhance security and reduce identify thefts. Asia Pacific is expected to exhibit the fastest growth during the forecast period, owing to growing healthcare infrastructure and rising penetration of biometrics technologies in countries like China, India, and Japan.
Key players: Key players operating in healthcare biometrics market are Audi, Autotalks Ltd, Cisco Systems Inc., Delphi Automotive PLC, Denso Corporation, Ford Motor Co., General Motors, Harman International Industries Inc., Infineon Technologies AG, Kapsch TrafficCom (Kapsch), Lear Corporation, Mercedes-Benz, Qualcomm Technologies Inc., Savari Inc., and Toyota Vacaville. These players are focusing on new product launches and partnerships to gain a competitive edge in the market.
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