Multimodal Biometrics in Healthcare Market Analysis By Technology Type (Fingerprint Recognition, Face Recognition, Iris Recognition, Voice Recognition, Behavioral Biometrics, Others), By Application (Patient Identification and Tracking, Medical Record Management, Remote Patient Monitoring, Care Provider Authentication, Pharmacy Dispensing), By End-User (Hospitals and Clinics, Ambulatory Surgical Centers, Diagnostic Centers, Others) & Forecast
- PUBLISHED ON
- 4/28/2023
- NO OF PAGES
- 256
- CATEGORY
- Healthcare & Life Sciences
The global multimodal biometrics in Healthcare market size was valued at USD 14.68 billion in 2022 and is expected to reach USD 42.96 billion by 2028, growing at a CAGR of 15.8% during the forecast period.
Report Scope
Report Attributes | Description |
Market Size in 2022 | USD 14.68 Billion |
Market Forecast in 2032 | USD 42.96 Billion |
CAGR % 2023-2031 | 15.8% |
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 Type, 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 | NEC Corporation, Fujitsu Limited, 3M Cogent, Inc., Safran S.A., Crossmatch Technologies, Inc., BIO-key International, Inc., Aware, Inc., Precise Biometrics AB, M2SYS Technology, Daon, Inc., Thales Group, HID Global Corporation/ASSA, ABLOY AB, Suprema Inc., IDEMIA (formerly Morpho), Cognitec Systems GmbH |
Driver: Growing demand for secure and accurate patient identification is propelling Multimodal Biometrics in Healthcare Market growth.
One of the major driving factors for the multimodal biometrics in healthcare market is the need for secure and accurate patient identification in the healthcare industry. With the increasing concerns around medical identity theft and fraud, healthcare organizations are turning to biometric technologies for reliable patient identification and authentication. Multimodal biometric systems combine multiple biometric identifiers, such as fingerprints, facial recognition, and voice recognition, to improve the accuracy and reliability of patient identification. This technology not only ensures patient safety but also enhances operational efficiency and reduces healthcare costs by eliminating the need for manual patient record matching and reducing errors caused by misidentification. Moreover, the pandemic has further increased the demand for contactless biometric solutions, including multimodal biometrics, in the healthcare sector. Contactless biometric systems can help reduce the risk of disease transmission and enable secure and accurate patient identification in a contactless manner. This has led to an increase in adoption and investment in multimodal biometric solutions in the healthcare industry.
Segmentation:
By Technology Type:
• Fingerprint Recognition
• Face Recognition
• Iris Recognition
• Voice Recognition
• Behavioral Biometrics
• Others
By Application:
• Patient Identification and Tracking
• Medical Record Management
• Remote Patient Monitoring
• Care Provider Authentication
• Pharmacy Dispensing
By End-User:
• Hospitals and Clinics
• Ambulatory Surgical Centers
• Diagnostic Centers
• Others
Geographical Analysis:
North America is expected to dominate the multimodal biometrics in healthcare market due to the region's well-established healthcare infrastructure and early adoption of advanced technologies. For instance, in 2020, FacePhi, a leading provider of biometric solutions, partnered with a major US-based healthcare provider to implement multimodal biometrics technology for enhanced patient identification and security. In addition, healthcare organizations in the region are investing heavily in multimodal biometric systems for patient and staff identification, access control, and medical record management. Asia Pacific is also expected to experience significant growth in the multimodal biometrics in healthcare market due to the region's increasing healthcare expenditure, rising demand for advanced healthcare solutions, and supportive government initiatives. For instance, in 2020, the Indian government launched the National Digital Health Mission (NDHM) to promote the use of digital technologies, including biometric systems, to improve healthcare services across the country.
Recent Development: Global Multimodal Biometrics in Healthcare Market
• In 2020, NEC Corporation, a Japanese multinational information technology and electronics company, partnered with the British healthtech firm, iProov, to provide facial recognition technology for a national online COVID-19 testing service.
• In 2020, Fujitsu Limited, a Japanese multinational information technology equipment and services company, announced the development of a contactless palm vein biometric authentication technology to help prevent the spread of COVID-19.
• In 2020, BioID AG, a German biometrics software company, announced a partnership with the identity verification provider, Cognitec Systems GmbH, to offer a combined facial and voice recognition solution for secure mobile authentication.
• In 2020, Nuance Communications, an American multinational computer software technology corporation, launched a new suite of biometric security solutions for healthcare providers, including voice and facial recognition technologies to help prevent fraud and ensure patient identity verification.
• In 2020, Gemalto NV, a Dutch multinational digital security company, announced a partnership with R3, an enterprise blockchain software firm, to develop a secure and scalable digital identity solution using blockchain and biometric technologies.
Company Profiles:
• NEC Corporation
• Fujitsu Limited
• 3M Cogent, Inc.
• Safran S.A.
• Crossmatch Technologies, Inc.
• BIO-key International, Inc.
• Aware, Inc.
• Precise Biometrics AB
• M2SYS Technology
• Daon, Inc.
• Thales Group
• HID Global Corporation/ASSA ABLOY AB
• Suprema Inc.
• IDEMIA (formerly Morpho)
• Cognitec Systems GmbH
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