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Healthcare Biometrics - Global Market Trajectory & Analytics

  • ID: 4804991
  • Report
  • April 2021
  • Region: Global
  • 141 pages
  • Global Industry Analysts, Inc
Global Healthcare Biometrics Market to Reach $6 Billion by 2027

Amid the COVID-19 crisis, the global market for Healthcare Biometrics estimated at US$1.8 Billion in the year 2020, is projected to reach a revised size of US$6 Billion by 2027, growing at a CAGR of 18.9% over the analysis period 2020-2027. Single-factor Authentication, one of the segments analyzed in the report, is projected to record a 17.1% CAGR and reach US$2.7 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Multi-Factor Authentication segment is readjusted to a revised 21.5% CAGR for the next 7-year period.



The U.S. Market is Estimated at $530 Million, While China is Forecast to Grow at 18.3% CAGR

The Healthcare Biometrics market in the U.S. is estimated at US$530 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$1 Billion by the year 2027 trailing a CAGR of 18.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 16.5% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 14.1% CAGR.

Multimodal Authentication Segment to Record 18.5% CAGR

In the global Multimodal Authentication segment, USA, Canada, Japan, China and Europe will drive the 18.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$231.9 Million in the year 2020 will reach a projected size of US$750.4 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$736.9 Million by the year 2027.

Select Competitors (Total 41 Featured):
  • 3M Cogent
  • BIO-key International, Inc.
  • Crossmatch Technologies
  • Fujitsu Ltd.
  • Imprivata, Inc.
  • NEC Corporation
  • Suprema, Inc.
  • Zkteco, Inc.
Note: Product cover images may vary from those shown
I. METHODOLOGY

II. EXECUTIVE SUMMARY
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • Technology Powered and Patient Centric Smart Health Care Establishes the Foundation for Expansion of Healthcare Biometrics Market
  • Growing Digital Healthcare Market Boosts Biometric Applications: Global Digital Health Market (In US$ Billion) for the Years 2017, 2020 & 2023
  • Rising Investments in Digital Healthcare Bodes Well for Market Growth: Global Digital Healthcare Investments (In US$ Billion) for the Years 2016, 2017 & 2018
  • Growing Incidences of Healthcare Fraud and Security Breaches Drive Pressing Need for Healthcare Biometrics
  • Rising Losses on Account of Healthcare Fraud Presents Opportunities for Health Biometrics: Total Loss (In US$ Million) Arising from Healthcare Fraud Cases in the US for the Years 2014, 2016 & 2018
  • Stringent Regulations Implemented to Protect Healthcare Data Promote Deployment of Biometrics Healthcare Technology
  • Rise in Cybersecurity Threats Accelerate Growth Opportunities for Healthcare Biometric Solutions
  • Increasing Instances of Data Breaches and Resultant Financial Losses Highlight the Necessity for Biometrics: Global Average Financial Loss (In US$ Million) Suffered Due to a Data Breach by Country (2018)
  • Total Number of Reported Healthcare Data Breaches in the US for the Years 2014, 2016 & 2018
  • Healthcare Initiatives to Expand Care Access in Developing Countries Bodes Well for Market Growth
  • Patient Identification Enabled by Biometric Technology Mitigates Costs Associated with Duplication of Medical Records
  • Iris Biometrics to Gain Significant Traction in Patient Identification Solutions
  • Emerging Applications of Multimodal Biometrics to Augment Market Growth
  • High Costs, Technical Complexity and Privacy Concerns Challenge Market Expansion
  • Table 1: World Current & Future Analysis for Healthcare Biometrics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 2: World 7-Year Perspective for Healthcare Biometrics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets for Years 2020 & 2027
  • Table 3: World Current & Future Analysis for Single-factor Authentication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 4: World 7-Year Perspective for Single-factor Authentication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 5: World Current & Future Analysis for Multi-Factor Authentication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 6: World 7-Year Perspective for Multi-Factor Authentication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 7: World Current & Future Analysis for Multimodal Authentication by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 8: World 7-Year Perspective for Multimodal Authentication by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 9: World Current & Future Analysis for Hospitals & Clinics by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 10: World 7-Year Perspective for Hospitals & Clinics by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 11: World Current & Future Analysis for Healthcare Institutions by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 12: World 7-Year Perspective for Healthcare Institutions by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
  • Table 13: World Current & Future Analysis for Research & Clinical Laboratories by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 14: World 7-Year Perspective for Research & Clinical Laboratories by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific and Rest of World for Years 2020 & 2027
III. MARKET ANALYSIS
  • Active Players in United States
  • Table 15: USA Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 16: USA 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 17: USA Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 18: USA 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Active Players in Canada
  • Table 19: Canada Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 20: Canada 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 21: Canada Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 22: Canada 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Active Players in Japan
  • Table 23: Japan Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 24: Japan 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 25: Japan Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 26: Japan 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Active Players in China
  • Table 27: China Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 28: China 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 29: China Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 30: China 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Table 31: Europe Current & Future Analysis for Healthcare Biometrics by Geographic Region - France, Germany, Italy, UK and Rest of Europe Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2020 through 2027 and % CAGR
  • Table 32: Europe 7-Year Perspective for Healthcare Biometrics by Geographic Region - Percentage Breakdown of Value Sales for France, Germany, Italy, UK and Rest of Europe Markets for Years 2020 & 2027
  • Table 33: Europe Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 34: Europe 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 35: Europe Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 36: Europe 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Table 37: France Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 38: France 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 39: France Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 40: France 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Active Players in Germany
  • Table 41: Germany Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 42: Germany 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 43: Germany Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 44: Germany 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Table 45: Italy Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 46: Italy 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 47: Italy Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 48: Italy 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Active Players in United Kingdom
  • Table 49: UK Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 50: UK 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 51: UK Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 52: UK 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Table 53: Rest of Europe Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 54: Rest of Europe 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 55: Rest of Europe Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 56: Rest of Europe 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Table 57: Asia-Pacific Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 58: Asia-Pacific 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 59: Asia-Pacific Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 60: Asia-Pacific 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
  • Table 61: Rest of World Current & Future Analysis for Healthcare Biometrics by Technology - Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 62: Rest of World 7-Year Perspective for Healthcare Biometrics by Technology - Percentage Breakdown of Value Sales for Single-factor Authentication, Multi-Factor Authentication and Multimodal Authentication for the Years 2020 & 2027
  • Table 63: Rest of World Current & Future Analysis for Healthcare Biometrics by End-Use - Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories - Independent Analysis of Annual Sales in US$ Thousand for the Years 2020 through 2027 and % CAGR
  • Table 64: Rest of World 7-Year Perspective for Healthcare Biometrics by End-Use - Percentage Breakdown of Value Sales for Hospitals & Clinics, Healthcare Institutions and Research & Clinical Laboratories for the Years 2020 & 2027
IV. COMPETITION
  • Total Companies Profiled: 41
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