The global healthcare biometrics market size was estimated to be USD 23.52 billion in 2023 and is expected to reach at USD 212.65 billion by 2034 with a CAGR of 22.16% during the forecast period 2024-2034. Increase in government initiatives in healthcare biometrics, driven by the rise in healthcare fraud & the need to enhance security for safeguarding healthcare information. This surge extends to novel applications in clinical research, the growing focus on medical device technology, heightened government efforts to advance healthcare infrastructure, the rising hospital patient population, the ongoing trends of modernization & digitalization in the healthcare sector, and growing introduction of cutting-edge healthcare biometric systems are some of the key factors boosting the market growth.
Growing introduction of cutting-edge healthcare biometric systems is predicted to boost the market growth during the forecast period. Healthcare biometrics entails the use of various biometric applications within hospitals and clinics to track the health status of patients. For instance, in November 2022, Keyo, a biometric identity company prioritizing privacy, has introduced the Keyo Network, a global biometric identity system that incorporates the industry's most potent palm scanner and software platform.
By technology, multi-factor authentication was the highest revenue-grossing segment in the global healthcare biometrics market in 2023 owing to the growing need for secure authentication platforms, & healthcare providers are increasingly embracing multi-factor authentication for enhanced security measures and increasing launch of new platforms. For instance, in March 2022, BioIntelliSense has unveiled its medical-grade wearable device, the BioButton Rechargeable. This new device enables continuous monitoring of over 20 vital signs and physiologic biometrics for up to 30 days on a single charge, depending on the configuration. Additionally, single-factor authentication is predicted to grow at fastest CAGR during the forecast period owing to the non-intrusiveness of non-contact biometrics and its rapid identification capability.
By application, medical record and data center security was the highest revenue-grossing segment in the global healthcare biometrics market in 2023 owing to the stringent government regulations, such as the Health Information Technology for Economic and Clinical Health (HITECH) Act, are in place to safeguard patient information, increasing adoption of Electronic Health Records (EHR) by medical facilities, and rising launch of advanced software. For instance, in April 2023, Imprivata, a digital identity company specializing in life-and mission-critical industries, has introduced the Imprivata Digital Identity Maturity Model and Digital Identity Maturity Assessment. These unique and free tools are specifically designed to enhance the influence of clinicians and end-users in shaping the decision-making process for a healthcare organization's digital identity strategy. Additionally, patient identification and tracking is predicted to grow at fastest CAGR during the forecast period. Biometric system has bolstered resistance against fraudulent activities, thereby safeguarding patient data and information, and effectively preventing malpractice.
By end-user, healthcare institutions was the highest revenue-grossing segment in the global healthcare biometrics market in 2023 owing to the rising trend in the adoption of biometric solutions for securing data equipment enclosures, pedestrian entrances, devices, & platforms connected to the Internet of Things (IoT), increasing utilization of biometrics to manage workflows effectively. For instance, in June 2022, CERTIFY Health has disclosed that VHC Health (VHC), a community-based health system offering medical services, has implemented its Positive Patient Identification (PPID) system, utilizing facial biometrics across all VHC locations. The PPID capabilities from CERTIFY will be seamlessly integrated into VHC's existing electronic health record and administrative systems, enhancing the experience for both patients and administrative staff. Additionally, hospitals is predicted to grow at fastest CAGR during the forecast period owing to the increased utilization of advanced technology aims to minimize the sizable crowds often accompanying patients in healthcare settings. The healthcare biometric system facilitates entry authentication, permitting only authorized individuals to access the main premises of hospitals. This is crucial for maintaining an organized environment, as excessive chaos can impede the efficient functioning of medical staff.
North America region is anticipated for the highest revenue share during the forecast period owing to the healthcare sector is grappling with a significant increase in frauds and crimes, marked by a high incidence of fraudulent activities. This has led to a surge in technological advancements in biometric systems aimed at gathering patient data and registration information. The industry is witnessing a rise in new product launches, as well as an increase in collaborations, mergers, and acquisitions. For instance, in February 2022, rf IDEAS has partnered with ID R&D to integrate the advanced biometric authentication and anti-spoofing products from ID R&D into the rf IDEAS portfolio. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising investment in healthcare biometrics industry, the establishment of new healthcare facilities such as hospitals & clinics, and growing launch of advanced platforms. For instance, in January 2022, Mitsubishi Electric Corporation has unveiled HealthCam, a health monitoring system using facial recognition that can track an individual's heartbeat rate, blood oxygen level, temperature, and various other health indicators.
Growing introduction of cutting-edge healthcare biometric systems is predicted to boost the market growth during the forecast period. Healthcare biometrics entails the use of various biometric applications within hospitals and clinics to track the health status of patients. For instance, in November 2022, Keyo, a biometric identity company prioritizing privacy, has introduced the Keyo Network, a global biometric identity system that incorporates the industry's most potent palm scanner and software platform.
By technology, multi-factor authentication was the highest revenue-grossing segment in the global healthcare biometrics market in 2023 owing to the growing need for secure authentication platforms, & healthcare providers are increasingly embracing multi-factor authentication for enhanced security measures and increasing launch of new platforms. For instance, in March 2022, BioIntelliSense has unveiled its medical-grade wearable device, the BioButton Rechargeable. This new device enables continuous monitoring of over 20 vital signs and physiologic biometrics for up to 30 days on a single charge, depending on the configuration. Additionally, single-factor authentication is predicted to grow at fastest CAGR during the forecast period owing to the non-intrusiveness of non-contact biometrics and its rapid identification capability.
By application, medical record and data center security was the highest revenue-grossing segment in the global healthcare biometrics market in 2023 owing to the stringent government regulations, such as the Health Information Technology for Economic and Clinical Health (HITECH) Act, are in place to safeguard patient information, increasing adoption of Electronic Health Records (EHR) by medical facilities, and rising launch of advanced software. For instance, in April 2023, Imprivata, a digital identity company specializing in life-and mission-critical industries, has introduced the Imprivata Digital Identity Maturity Model and Digital Identity Maturity Assessment. These unique and free tools are specifically designed to enhance the influence of clinicians and end-users in shaping the decision-making process for a healthcare organization's digital identity strategy. Additionally, patient identification and tracking is predicted to grow at fastest CAGR during the forecast period. Biometric system has bolstered resistance against fraudulent activities, thereby safeguarding patient data and information, and effectively preventing malpractice.
By end-user, healthcare institutions was the highest revenue-grossing segment in the global healthcare biometrics market in 2023 owing to the rising trend in the adoption of biometric solutions for securing data equipment enclosures, pedestrian entrances, devices, & platforms connected to the Internet of Things (IoT), increasing utilization of biometrics to manage workflows effectively. For instance, in June 2022, CERTIFY Health has disclosed that VHC Health (VHC), a community-based health system offering medical services, has implemented its Positive Patient Identification (PPID) system, utilizing facial biometrics across all VHC locations. The PPID capabilities from CERTIFY will be seamlessly integrated into VHC's existing electronic health record and administrative systems, enhancing the experience for both patients and administrative staff. Additionally, hospitals is predicted to grow at fastest CAGR during the forecast period owing to the increased utilization of advanced technology aims to minimize the sizable crowds often accompanying patients in healthcare settings. The healthcare biometric system facilitates entry authentication, permitting only authorized individuals to access the main premises of hospitals. This is crucial for maintaining an organized environment, as excessive chaos can impede the efficient functioning of medical staff.
North America region is anticipated for the highest revenue share during the forecast period owing to the healthcare sector is grappling with a significant increase in frauds and crimes, marked by a high incidence of fraudulent activities. This has led to a surge in technological advancements in biometric systems aimed at gathering patient data and registration information. The industry is witnessing a rise in new product launches, as well as an increase in collaborations, mergers, and acquisitions. For instance, in February 2022, rf IDEAS has partnered with ID R&D to integrate the advanced biometric authentication and anti-spoofing products from ID R&D into the rf IDEAS portfolio. Additionally, Asia Pacific region is predicted to grow at fastest CAGR during the forecast period owing to the rising investment in healthcare biometrics industry, the establishment of new healthcare facilities such as hospitals & clinics, and growing launch of advanced platforms. For instance, in January 2022, Mitsubishi Electric Corporation has unveiled HealthCam, a health monitoring system using facial recognition that can track an individual's heartbeat rate, blood oxygen level, temperature, and various other health indicators.
Segmentation: Healthcare Biometrics Market Report 2023 - 2034
Healthcare Biometrics Market Analysis & Forecast by Technology 2023 - 2034 (Revenue USD Bn)
- Multi-factor Authentication
- Single-factor Authentication
- Others
Healthcare Biometrics Market Analysis & Forecast by Application 2023 - 2034 (Revenue USD Bn)
- Home/Remote Patient Monitoring
- Care Provider Authentication
- Patient Identification and Tracking
- Medical Record and Data Center Security
- Others
Healthcare Biometrics Market Analysis & Forecast by End-user 2023 - 2034 (Revenue USD Bn)
- Healthcare Institutions
- Hospitals & Clinics
- Research & Clinical Laboratories
Healthcare Biometrics Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Healthcare Biometrics Market: Technology Estimates & Trend Analysis
8. Healthcare Biometrics Market: Application Estimates & Trend Analysis
9. Healthcare Biometrics Market: End-user Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Healthcare Biometrics Market
12. Europe Global Healthcare Biometrics Market
13. Asia Pacific Global Healthcare Biometrics Market
14. Latin America Global Healthcare Biometrics Market
15. MEA Global Healthcare Biometrics Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- IDEMIA (Morpho)
- Zotero
- Integrated Biometrics
- Imprivata Inc.
- 3M Cogent Inc
- Suprema Inc
- Crossmatch Technologies
- Fujitsu Limited
- Bio-Key International
- NEC CORPORATION
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | January 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 23.52 Billion |
| Forecasted Market Value ( USD | $ 212.65 Billion |
| Compound Annual Growth Rate | 22.1% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
