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Global Healthcare Biometrics Software Market Analysis By Type (Single-Factor Authentication, Multi-Factor Authentication), By Technology (Fingerprint Recognition, Iris Recognition, Face Recognition, Voice Recognition, Others) & Forecast

  • PUBLISHED ON
  • 4/27/2023
  • NO OF PAGES
  • 287
  • CATEGORY
  • Healthcare & Life Sciences
Market Overview:
The global Healthcare Biometrics Software Market size was valued at USD 2.2 billion in 2022 and is projected to reach USD 4.3 billion by 2032, growing at a CAGR of 14.5% during the forecast period.

The Healthcare Biometrics Software market is rapidly growing, driven by several factors. One of the primary factors contributing to the growth of the market is the increasing demand for secure and reliable patient identification and data management solutions in healthcare. Biometric authentication solutions provide an effective way to secure patient information and reduce the risk of data breaches and fraud, which is a major concern for healthcare organizations. Another trend driving market growth is the increasing adoption of electronic health records (EHRs) and other digital healthcare solutions. The shift towards digital healthcare has increased the need for secure and efficient patient identification and authentication solutions, which is driving demand for biometric authentication solutions in healthcare. Moreover, the growing use of mobile devices and wearable technology in healthcare is creating new opportunities for biometric authentication solutions. The integration of biometric sensors into mobile devices and wearables is enabling healthcare providers to collect and analyze patient data in real-time, which is helping to improve patient outcomes and enhance the quality of care. Furthermore, the COVID-19 pandemic has accelerated the adoption of telehealth and virtual care solutions, which is further driving demand for biometric authentication solutions in healthcare. With the increasing adoption of telehealth, there is a need for secure and reliable patient identification and authentication solutions to ensure patient privacy and data security. Overall, the Healthcare Biometrics Software market is expected to continue to grow in the coming years, driven by the increasing demand for secure and reliable patient identification and data management solutions in healthcare, the growing adoption of digital healthcare solutions, and the increasing use of mobile devices and wearables in healthcare.

Report Scope

Report Attributes

Description

Market Size in 2022

USD 2.2 Billion

Market Forecast in 2032

USD 4.3 Billion

CAGR % 2023-2031

14.5%

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 Technology, By Type

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

Imprivata, Inc., Nuance Communications, Inc., HID Global, Fujitsu Limited, Bio-key International, Inc., IDEMIA, Aware, Inc., Crossmatch Technologies, NEC Corporation, 3M Cogent, Inc., BioEnable Technologies, ZKTeco Inc., BIO-key International, Inc., Suprema Inc., Gemalto NV



Driver: Growing demand for secure and reliable patient identification is propelling Healthcare Biometrics Software Market growth.
One of the major driving factors of the Healthcare Biometrics Software market is the increasing demand for secure and reliable patient identification and data management solutions in healthcare. With the growing concern over data breaches and fraud, healthcare organizations are increasingly looking for effective ways to protect patient data and prevent unauthorized access to sensitive information. Traditionally, patient identification and authentication in healthcare have relied on manual processes, such as verifying patient identity using a government-issued ID or relying on patient recall. However, these methods are prone to errors and can result in misidentification, leading to serious consequences such as delayed or incorrect treatment and medical errors. Biometric authentication solutions provide a reliable and secure way to identify and authenticate patients, eliminating the need for manual processes and reducing the risk of errors and fraud. Biometric data, such as fingerprints, facial recognition, and iris scans, is unique to each individual, making it a highly accurate method of identification.

As healthcare organizations increasingly adopt electronic health records (EHRs) and other digital healthcare solutions, the need for secure and efficient patient identification and authentication solutions is becoming more critical. Biometric authentication solutions can help ensure the privacy and security of patient data, while also improving efficiency and reducing costs associated with manual processes. Overall, the increasing demand for secure and reliable patient identification and data management solutions in healthcare is a major driving factor of the Healthcare Biometrics Software market.

Segmentation:
By Type:
• Single-Factor Authentication
• Multi-Factor Authentication

By Technology
• Fingerprint Recognition
• Iris Recognition
• Face Recognition
• Voice Recognition
• Others

Geographical Analysis:
Geographically, North America dominates the Healthcare Biometrics Software market due to the presence of a large number of healthcare organizations and high healthcare IT adoption. The United States is the largest market in the region, with a significant share of the market. For example, in 2020, biometric authentication company Clear announced a partnership with United Airlines and Delta Air Lines to introduce touchless biometric security screening at airports across the United States. Europe is also a significant market for Healthcare Biometrics Software due to increasing government initiatives to promote the adoption of healthcare IT solutions and the growing demand for secure and reliable patient identification and data management solutions. For example, in 2020, UK-based biometric authentication company ievo announced a partnership with digital health company Safe Access.
Recent Development: Global Healthcare Biometrics Software Market
• In August 2020, Nuance Communications, Inc., a leading provider of conversational AI and biometric security solutions, announced the launch of a new voice biometrics solution for healthcare providers, allowing for fast, secure patient identification and verification.
• In May 2020, Imprivata, Inc., a healthcare IT security company, announced the acquisition of Xton Technologies, a provider of privileged access management solutions, to enhance its biometric authentication capabilities for healthcare organizations.
• In September 2020, HID Global, a provider of identity and access management solutions, announced the launch of a new biometric reader for healthcare facilities, allowing for touchless authentication using fingerprint, facial recognition, and other biometric technologies.
• In March 2020, Fujitsu Limited, a multinational IT equipment and services company, announced the launch of a new biometric authentication solution for healthcare providers, allowing for secure and efficient access to electronic medical records.
• In December 2020, Bio-key International, Inc., a provider of biometric authentication solutions, announced a partnership with Health Identity to provide secure biometric authentication for patient identification and data management in healthcare organizations.

Company Profiles:
• Imprivata, Inc.
• Nuance Communications, Inc.
• HID Global
• Fujitsu Limited
• Bio-key International, Inc.
• IDEMIA
• Aware, Inc.
• Crossmatch Technologies
• NEC Corporation
• 3M Cogent, Inc.
• BioEnable Technologies
• ZKTeco Inc.
• BIO-key International, Inc.
• Suprema Inc.
• Gemalto NV

 
Why to buy this Report?
Market research: The report provides valuable insights into market trends, growth opportunities, and competitive landscapes. By reading a technology report, businesses and investors can gain a better understanding of Healthcare Biometrics Software Market they are operating in or considering entering, and make more informed decisions based on data and analysis.
Competitive analysis: The report reports provide detailed information on competitors' strengths, weaknesses, and strategies, which can help businesses identify potential threats and opportunities in Healthcare Biometrics Software Market.
Innovation: The report provides insights into emerging technologies and trends, which can help businesses stay up-to-date with the latest developments and make informed decisions about where to invest their resources.
Due diligence: The report can be used by investors and acquirers as part of their due diligence process when considering investing in or acquiring a technology company. These reports can provide valuable information on the company's financials, technology, market position, and other key factors.

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