Published Date : 02 Apr 2024
The global healthcare biometrics market size surpassed USD 7.1 billion in 2023 and is estimated to attain around USD 30.08 billion by 2032, growing at a CAGR of 17.40% from 2023 to 2032.
The healthcare biometrics market provides patient identification and staff authentication solutions. Healthcare biometrics are used in hospitals and other healthcare centers to detect accurate patient health conditions or monitor patients. In the medical field, the important objective beyond healthcare biometrics is to control the continuous fraud taking place in the medical field worldwide.
The adoption of advanced technologies helps to update the security hurdles that are placed in place to protect directory losses and patient information. The number of frauds related to patient data, records, and history is increasing day by day, and this needs to be stopped by implementing advanced technologies. Healthcare organizations and research medical centers are adopting modern technologies to increase the security levels of the system. These drivers will enhance the profit rates of the market size.
North America dominated the healthcare biometrics market in 2023. Due to the increased number of frauds and crimes that happen in the healthcare system, North America is holding the largest share. The rise in the number of threat data and fraud cases has raised the demand for modern technology in the system, which will help to secure the data and patient records collected by these advanced systems and kept secure for future use to prevent any unprincipled cracks in the system.
At New York University, biometric verification is often used to streamline the patient registration procedure by improving patient intake and decreasing paperwork to ensure secure, accurate healthcare service delivery. Especially in Elmhurst Hospital, the Mount Sinai healthcare system, Langone Health of New York Health, and many other hospitals have integrated biometric verification technologies into their operational protocols. These technologies consist of retina scans for body temperature while scanning, facial recognition for mobile apps utilizing face ID, and fingerprint recognition for patient verification.
Asia Pacific is estimated to grow fastest in the forecast period. Due to the increasing government support for medical healthcare, Asia Pacific is expected to show the largest growth. The rising adoption of advanced technologies in the medical healthcare sector to obtain the confidence of the customers and obtain a better profit return has helped to grow the healthcare biometrics market.
| Report Coverage | Details |
| Market Revenue in 2023 | USD 7.1 Billion |
| Projected Forecast Revenue by 2032 | USD 30.08 Billion |
| Growth Rate from 2023 to 2032 | CAGR of 17.40% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2023 to 2032 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Drivers
Execution of government initiatives
In recent years, the risk of data breaches in the healthcare sector has increased due to the rapid digitization of healthcare data. Governments in various regions have implemented constitutions to address patient information-related security concerns. Security is needed not only for patient safety but also to protect against nationwide threats that information leaks can pose. Hence, governments from all over the world take the initiative, invest in innovation, and develop strategies for data protection.
Rising need for security due to increasing incidents of crimes
Initially, the use of healthcare biometric technology was to secure and identify a criminal’s identity. Biometric technology was mostly used to verify criminals with the help of biometric scanning biometric characteristics such as vein patterns, hand geometry, DNA, signature, fingerprint, voice, and iris. The major motive for installing biometric systems is to decrease terrorist attacks and crimes. As of now, millions of criminal cases have been solved with the help of healthcare biometric technology. Biometric technology is also used in surveillance.
A face identification system is installed in CCTV cameras, which capture and store individuals' facial information. This information helps to verify and recognize the criminals in any terrorist and crime activity. Increasing technology-based CCTV cameras in leading regions such as Japan, India, and China are boosting the healthcare biometrics market growth in the forecast period.
Restraints
High cost of biometric devices
In the medical field, healthcare biometric devices are essential to detect and record patients' health. Additionally, due to the increased number of fraud threats and crimes, the demand for biometric devices is growing rapidly. But sometimes healthcare centers can't afford biometric devices due to the high cost of healthcare biometric devices. Due to the lack of adoption of healthcare biometric devices, security centers can't detect crimes and fraud threats. This factor is enough to reduce the growth of the healthcare biometrics market.
Opportunity
Contactless healthcare authentication
Contactless healthcare authentication technologies include voice recognition, facial recognition, and iris recognition. This contactless healthcare biometric device takes patients' voice commands and face detection very quickly and reduces excessive time to operate this device.
Contactless healthcare technology offers several advantages, such as storing health check data, social distancing, temperature scanning, and speed and efficiency. In addition, this contactless healthcare device also identifies the users while wearing a face mask. These major opportunities can drive the healthcare biometrics market growth in the coming years.
Segments Covered in the Report
By Technology
By Application
By End User
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