Global Behavioral Biometrics in Healthcare Market Analysis By Component (Software, Services), By Application (Patient Identification And Tracking, Access Control And Authentication, Remote Patient Monitoring, Fraud Detection And Prevention, Others), By End User (Hospitals And Clinics, Healthcare Providers, Payers, Patients) & Forecast
- PUBLISHED ON
- 4/3/2023
- NO OF PAGES
- 254
- CATEGORY
- Healthcare & Life Sciences
The global behavioral biometrics in healthcare market size was valued at USD 0.7 billion in 2022 and is expected to reach USD 2.0 billion by 2028, growing at a CAGR of 30.1% during the forecast period.
• Increasing demand for secure and efficient authentication solutions: With the increasing adoption of digital health technologies and electronic health records (EHRs), the need for secure and efficient authentication solutions is growing. Behavioral biometrics offers a unique approach to authentication by analyzing the unique behavioral patterns of individuals, providing a higher level of security than traditional authentication methods.
• Growing concerns over healthcare data breaches and cyberattacks: Healthcare organizations are increasingly concerned about the risk of data breaches and cyberattacks, which can result in the theft of sensitive patient data. Behavioral biometrics can help mitigate these risks by providing an additional layer of security to healthcare applications and systems.
• Rising adoption of artificial intelligence (AI) and machine learning (ML): Advances in AI and ML are enabling more accurate and efficient analysis of behavioral biometric data, which is driving the adoption of behavioral biometrics in healthcare. These technologies can detect anomalies and identify patterns in behavior that may indicate fraudulent activity or security threats.
• Increasing government initiatives and regulations: Governments around the world are taking steps to promote the adoption of secure authentication solutions in healthcare. For example, the US government has issued guidelines recommending the use of multi-factor authentication (MFA) and behavioral biometrics in healthcare settings.
• Growing adoption of telemedicine and remote healthcare services: The COVID-19 pandemic has accelerated the adoption of telemedicine and remote healthcare services, creating new opportunities for behavioral biometrics in healthcare. With more patients accessing healthcare services remotely, there is a greater need for secure and efficient authentication solutions that can be used from anywhere.
Overall, the behavioral biometrics in healthcare market is expected to grow rapidly in the coming years, driven by the increasing demand for secure and efficient authentication solutions, growing concerns over data breaches and cyberattacks, and the rising adoption of AI and ML technologies.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 0.7 Billion |
Market Forecast in 2032 | USD 2.0 Billion |
CAGR % 2023-2031 | 30.1% |
Base Year | 2022 |
Historic Data | 2019-2021 |
Forecast Period | 2023-2031 |
Report USP | Production, Consumption, company share, company heatmap, company production capacity, growth factors and more |
Segments Covered | By Component, By Application, By End-user |
Regional Scope | North America, Europe, APAC, South America and Middle East and Africa |
Country Scope | U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Key Companies | BioCatch, BehavioSec, Plurilock, NuData Security, SecuredTouch, BioSig Technologies, Aculab, AimBrain, Aware, Daon, ID R&D, OneSpan, Nymi, UnifyID, Veridium |
Driver: Growing demand for demand for secure and efficient authentication solutions is propelling Behavioral Biometrics in Healthcare Market growth.
One of the key market driving factors for behavioral biometrics in healthcare is the increasing demand for secure and efficient authentication solutions. As healthcare organizations continue to adopt digital health technologies and electronic health records (EHRs), the need for secure authentication solutions is becoming more urgent. Traditional authentication methods such as usernames and passwords can be easily compromised, leaving sensitive patient data at risk. Behavioral biometrics offers a unique approach to authentication by analyzing the unique behavioral patterns of individuals, providing a higher level of security than traditional authentication methods. Behavioral biometric authentication is becoming increasingly popular in healthcare because it provides a higher level of security without requiring users to remember complex passwords or carry physical tokens. Instead, it uses machine learning algorithms to analyze and identify unique patterns of behavior, such as typing rhythm, mouse movements, and touch-screen gestures, to authenticate and verify the identity of users accessing healthcare applications and systems.
With the growing risk of data breaches and cyberattacks in healthcare, behavioral biometrics is emerging as a key solution for healthcare organizations looking to improve the security of their digital assets. By providing a secure and efficient way to authenticate users, behavioral biometrics is helping to protect sensitive patient data and maintain the integrity of healthcare systems.
Segmentation:
By Component
• Software
• Services
By Application:
• Patient Identification And Tracking
• Access Control And Authentication
• Remote Patient Monitoring
• Fraud Detection And Prevention
• Others.
By End User
• Hospitals And Clinics
• Healthcare Providers
• Payers
• Patients.
Geographical Analysis:
North America currently dominates the behavioral biometrics in healthcare market. This can be attributed to the early adoption of digital health technologies and the presence of major market players in the region. The US, in particular, accounts for a significant share of the market due to the high adoption of electronic health records (EHRs) and increasing concerns over healthcare data breaches and cyber-attacks. For example, in 2020, the US government issued guidelines recommending the use of multi-factor authentication (MFA) and behavioral biometrics in healthcare settings. Additionally, major US-based healthcare organizations such as Mayo Clinic and Cleveland Clinic have implemented behavioral biometrics solutions to improve the security of their systems and protect sensitive patient data.
The Asia-Pacific region is expected to experience significant growth in the coming years due to the increasing adoption of digital health technologies and the rising demand for secure authentication solutions in healthcare. Countries such as China, India, and Japan are investing heavily in healthcare infrastructure and technology, which is creating new opportunities for behavioral biometrics solutions. For example, in 2020, the National Health Commission of China issued guidelines recommending the use of facial recognition and other biometric technologies to improve patient identification and reduce the risk of medical errors. Additionally, major healthcare providers in the region such as Apollo Hospitals in India have implemented behavioral biometrics solutions to enhance the security of their systems and protect patient data.
Overall, the behavioral biometrics in healthcare market is expected to grow rapidly in both North America and the Asia-Pacific region, driven by the increasing adoption of digital health technologies and the growing demand for secure and efficient authentication solutions in healthcare.
Recent Development: Global Behavioral Biometrics in Healthcare Market
• BioCatch: In June 2020, BioCatch, a behavioral biometrics solutions provider, announced a partnership with First Digital Bank to provide advanced authentication and fraud prevention capabilities to its customers. First Digital Bank is the first fully digital bank in Israel.
• BehavioSec: In March 2020, BehavioSec, a behavioral biometrics solutions provider, announced that it had secured USD 17.5 million in a Series B funding round. The funding was led by Accel, with participation from Cisco Investments, ABN AMRO Ventures, and others.
• Plurilock: In December 2020, Plurilock, a behavioral biometrics solutions provider, announced that it had secured a contract to provide its BioTracker authentication solution to the US Department of Homeland Security (DHS). The contract is worth up to USD 198,000 and will involve the deployment of Plurilock's solution across multiple DHS agencies.
• NuData Security: In July 2020, NuData Security, a behavioral biometrics solutions provider, announced that it had partnered with Boku, a mobile payments company, to provide enhanced security and fraud prevention capabilities to Boku's customers. The partnership will involve the integration of NuData Security's behavioral biometrics technology into Boku's platform.
• SecuredTouch: In October 2020, SecuredTouch, a behavioral biometrics solutions provider, announced that it had raised USD 12.6 million in a Series A funding round. The funding was led by NTT DOCOMO Ventures, with participation from AXA Venture Partners and others.
Company Profiles:
• BioCatch
• BehavioSec
• Plurilock
• NuData Security
• SecuredTouch
• BioSig Technologies
• Aculab
• AimBrain
• Aware
• Daon
• ID R&D
• OneSpan
• Nymi
• UnifyID
• Veridium
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