Analysts’ Viewpoint on Healthcare Biometrics Market Scenario
Biometrics provides healthcare professionals and patients to secure their information and keep it confidential by only being released such information to those who have the rightful access to it. Healthcare organizations are investing in biometric technologies in order to increase security, privacy, and improve patient safety and thus, compensate the huge amount money lost in healthcare frauds. Majority of the healthcare biometrics market leaders is domiciled in the U.S. and aggressively involved in emerging markets coupled with showcasing their cost and safety related advantages thereby increasing their adoption in such regions. Technological advancements in medical devices, lucrative presence of manufacturers, and digitalization help product manufacturers to stay ahead of the competition in the healthcare biometrics market.
Security has always remained a vital concern in the healthcare sector when it comes to safeguard confidential medical data, records, and patients’ privacy. Biometric devices analyze biological data of a user by capturing unique his or her physical human features and use them as a future reference (template) for user’s identification. Healthcare facilities across the globe are increasingly shifting their focus on implementing biometric security solutions for patient identification and their linking to electronic health records system to the respective patients. Integrity of patient identity, efficient and safe data recording, control on medical frauds, and reduction in inventory theft are some of the distinct advantages offered by biometrics.
Biometrics allows matching of a patient to his records with minimal possibility of errors and avoids mixing up of patient information, which can have serious consequence on the health and wellbeing of such patients. Moreover, factors such as culmination of false patient identity, patient protection, and reduction of the overburden of medical frauds and security of medical records have urged those in the healthcare industry to opt for biometrics.
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Basic components of biometric identification systems consist of a scanning device or a reader, software to convert the scanned information into digital form and a database to store the biometric data for comparison with entered biometric data. A variety of human features such as fingerprint, face, iris, vein, voice, hand, and signature seem to reveal several potential attributes for biometric authentication. Availability of fingerprint recognition devices and adoption of portable fingerprint scanners in healthcare are factors driving the demand for the fingerprint technology, thus expanding the healthcare biometrics market.
Use of biometrics with the help of these physical characteristics, along with logical or physical access or both together has found a worldwide use in the healthcare sector. However, improper storage of medical data may pose a threat of invasion of the user’s identity and thus, challenge patient security. Biometric solutions facilitate the provision restricted access to rooms or computer network systems from unauthorized access.
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The use of multimodal biometric system, which combines different types of biometric methods, such as combining facial and iris recognition is currently rapidly progressing trend. Biometrics is a promising and a fast growing segment in the field of next generation personal authentication & security systems and changing the perception and look of the healthcare industry. Companies investing heavily in developing automated biometric systems with improved accuracy and response time may gain greater benefits in the near future. Introduction of new products with reduced cost and showcasing advantages & advanced capabilities of biometric security solutions at various conferences, laboratories, trade shows, web casting, and electronic newsletters is further boosting the growth of new competitors in the healthcare biometrics market.
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The North America healthcare biometrics market is expected to account for the largest share of the global market. This can be attributed to the extensive implementation of healthcare fraud controlling systems and enforcement of in the U.S. Availability of advanced healthcare infrastructure and technological advances are expected to drive the North America healthcare biometrics market in the upcoming years. Growing acceptance of biometrics in by major medical fields and its verified efficiency in hospitals, clinical laboratories, research labs, and other healthcare facilities drives the market for healthcare biometrics in North America. Factors such as reduction in healthcare frauds, secured patient privacy and medical records, decline in fake insurance claims reduction in identification and reimbursement processing, cost containment of the biometric devices, and introduction of cheaper products with better accuracy will result in rapid adoption of biometrics security solutions in healthcare sector in the emerging markets.
Attribute |
Detail |
Market Size Value in 2020 (Base Year) |
US$ 22.92 Bn |
Market Forecast Value in 2028 |
US$ 74.08 Bn |
Growth Rate (CAGR) |
15.5% |
Forecast Period |
2021–2028 |
Quantitative Units |
US$ Mn for Value |
Market Analysis |
It includes cross segment analysis at regional level. Moreover, qualitative analysis includes drivers, restraints, opportunities, key trends, pricing analysis, and parent industry overview. |
Format |
Electronic (PDF) |
Market Segmentation |
|
Regions Covered |
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Countries Covered |
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Customization Scope |
Available upon request |
Pricing |
Available upon request |
Healthcare Biometrics Market – Segmentation
TMR’s study on the global healthcare biometrics market includes information divided into three segments: technology, application, and region. Changing industry trends and other market dynamics associated with these segments of the global healthcare biometrics market are discussed in detail.
Technology |
|
Application |
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Region |
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Healthcare biometrics market is expected to reach the value of US$ 74.08 Bn by the end of 2028
Healthcare biometrics market is estimated to expand at a CAGR of 15.5% from 2021 to 2028
Healthcare biometrics market is driven by increasing adoption of healthcare biometrics in Various healthcare organizations and hospitals
North America accounted for a major share of the global healthcare biometrics market
Key players in the healthcare biometrics market include 3M Cogent, Inc., Bio-Key International, Inc., DigitalPersona, Inc., NEC Corporation, M2SYS LLC
1. Preface
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions and Research Methodology
3. Executive Summary: Global Healthcare Biometrics Market
4. Market Overview
4.1. Introduction
4.1.1. Technology Definition
4.1.2. Industry Evolution / Developments
4.2. Overview
4.3. Market Dynamics
4.3.1. Drivers
4.3.2. Restraints
4.3.3. Opportunities
4.4. Global Healthcare Biometrics Market Analysis and Forecast, 2017–2028
4.4.1. Market Revenue Projections (US$ Mn)
4.4.2. Market Volume/Unit Shipments Projections
4.5. Porter’s Five Force Analysis
5. Key Insights
5.1. Technological Advancements
5.2. Key Industry Events (Mergers, Acquisitions, Partnerships, etc.)
5.3. Covid-19 Impact Analysis
6. Global Healthcare Biometrics Market Analysis and Forecast, by Technology
6.1. Introduction & Definition
6.2. Key Findings / Developments
6.3. Market Value (US$ Mn) Forecast, by Technology, 2017–2028
6.3.1. Fingerprint
6.3.2. Vein
6.3.3. Face
6.3.4. Iris
6.3.5. Voice
6.3.6. Hand
6.3.7. Signature
6.3.8. Others
6.3.9. Fingerprint
6.4. Market Attractiveness, by Technology
7. Global Healthcare Biometrics Market Analysis and Forecast, by Application
7.1. Introduction & Definition
7.2. Key Findings / Developments
7.3. Market Value (US$ Mn) Forecast, by Application, 2017–2028
7.3.1. Logical Access Control
7.3.2. Physical Access Control
7.3.3. Transaction Authentication
7.4. Market Attractiveness, by Application
8. Global Healthcare Biometrics Market Analysis and Forecast, by Region
8.1. Key Findings
8.2. Market Value (US$ Mn) Forecast, by Region
8.2.1. North America
8.2.2. Europe
8.2.3. Asia Pacific
8.2.4. Latin America
8.2.5. Middle East & Africa
8.3. Market Attractiveness, by Region
9. North America Healthcare Biometrics Market Analysis and Forecast
9.1. Introduction
9.1.1. Key Findings
9.2. Market Value (US$ Mn) Forecast, by Technology, 2017–2028
9.2.1. Fingerprint
9.2.2. Vein
9.2.3. Face
9.2.4. Iris
9.2.5. Voice
9.2.6. Hand
9.2.7. Signature
9.2.8. Others
9.2.9. Fingerprint
9.3. Market Value (US$ Mn) Forecast, by Application, 2017–2028
9.3.1. Logical Access Control
9.3.2. Physical Access Control
9.3.3. Transaction Authentication
9.4. Market Value (US$ Mn) Forecast, by Country, 2017–2028
9.4.1. U.S.
9.4.2. Canada
9.5. Market Attractiveness Analysis
9.5.1. By Technology
9.5.2. By Application
9.5.3. By Country
10. Europe Healthcare Biometrics Market Analysis and Forecast
10.1. Introduction
10.1.1. Key Findings
10.2. Market Value (US$ Mn) Forecast, by Technology, 2017–2028
10.2.1. Fingerprint
10.2.2. Vein
10.2.3. Face
10.2.4. Iris
10.2.5. Voice
10.2.6. Hand
10.2.7. Signature
10.2.8. Others
10.2.9. Fingerprint
10.3. Market Value (US$ Mn) Forecast, by Application, 2017–2028
10.3.1. Logical Access Control
10.3.2. Physical Access Control
10.3.3. Transaction Authentication
10.4. Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
10.4.1. Germany
10.4.2. U.K.
10.4.3. France
10.4.4. Spain
10.4.5. Italy
10.4.6. Rest of Europe
10.5. Market Attractiveness Analysis
10.5.1. By Technology
10.5.2. By Application
10.5.3. By Country/Sub-region
11. Asia Pacific Healthcare Biometrics Market Analysis and Forecast
11.1. Introduction
11.1.1. Key Findings
11.2. Market Value (US$ Mn) Forecast, by Technology, 2017–2028
11.2.1. Fingerprint
11.2.2. Vein
11.2.3. Face
11.2.4. Iris
11.2.5. Voice
11.2.6. Hand
11.2.7. Signature
11.2.8. Others
11.2.9. Fingerprint
11.3. Market Value (US$ Mn) Forecast, by Application, 2017–2028
11.3.1. Logical Access Control
11.3.2. Physical Access Control
11.3.3. Transaction Authentication
11.4. Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
11.4.1. China
11.4.2. Japan
11.4.3. India
11.4.4. Australia & New Zealand
11.4.5. Rest of Asia Pacific
11.5. Market Attractiveness Analysis
11.5.1. By Technology
11.5.2. By Application
11.5.3. By Country/Sub-region
12. Latin America Healthcare Biometrics Market Analysis and Forecast
12.1. Introduction
12.1.1. Key Findings
12.2. Market Value (US$ Mn) Forecast, by Technology, 2017–2028
12.2.1. Fingerprint
12.2.2. Vein
12.2.3. Face
12.2.4. Iris
12.2.5. Voice
12.2.6. Hand
12.2.7. Signature
12.2.8. Others
12.2.9. Fingerprint
12.3. Market Value (US$ Mn) Forecast, by Application, 2017–2028
12.3.1. Logical Access Control
12.3.2. Physical Access Control
12.3.3. Transaction Authentication
12.4. Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
12.4.1. Brazil
12.4.2. Mexico
12.4.3. Rest of Latin America
12.5. Market Attractiveness Analysis
12.5.1. By Technology
12.5.2. By Application
12.5.3. By Country/Sub-region
13. Middle East & Africa Healthcare Biometrics Market Analysis and Forecast
13.1. Introduction
13.1.1. Key Findings
13.2. Market Value (US$ Mn) Forecast, by Technology, 2017–2028
13.2.1. Fingerprint
13.2.2. Vein
13.2.3. Face
13.2.4. Iris
13.2.5. Voice
13.2.6. Hand
13.2.7. Signature
13.2.8. Others
13.2.9. Fingerprint
13.3. Market Value (US$ Mn) Forecast, by Application, 2017–2028
13.3.1. Logical Access Control
13.3.2. Physical Access Control
13.3.3. Transaction Authentication
13.4. Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2028
13.4.1. GCC Countries
13.4.2. South Africa
13.4.3. Rest of Middle East & Africa
13.5. Market Attractiveness Analysis
13.5.1. By Technology
13.5.2. By Application
13.5.3. By Country/Sub-region
14. Competition Landscape
14.1. Market Player – Competition Matrix (By Tier and Size of companies)
14.2. Market Share Analysis By Company (2020)
14.3. Market Footprint Analysis
14.3.1. By Region
14.3.2. By Technology Type
14.4. Competitive Business Strategies
14.5. Company Profiles
14.5.1. 3M Cogent, Inc.
14.5.1.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.1.2. Product Portfolio
14.5.1.3. SWOT Analysis
14.5.1.4. Strategic Overview
14.5.2. Bio-Key International, Inc.
14.5.2.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.2.2. Product Portfolio
14.5.2.3. SWOT Analysis
14.5.2.4. Strategic Overview
14.5.3. DigitalPersona, Inc.
14.5.3.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.3.2. Product Portfolio
14.5.3.3. SWOT Analysis
14.5.3.4. Strategic Overview
14.5.4. NEC Corporation
14.5.4.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.4.2. Product Portfolio
14.5.4.3. SWOT Analysis
14.5.4.4. Strategic Overview
14.5.5. Suprema, Inc.
14.5.5.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.5.2. Product Portfolio
14.5.5.3. SWOT Analysis
14.5.5.4. Strategic Overview
14.5.6. Siemens AG
14.5.6.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.6.2. Product Portfolio
14.5.6.3. SWOT Analysis
14.5.6.4. Strategic Overview
14.5.7. M2SYS LLC
14.5.7.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.7.2. Product Portfolio
14.5.7.3. SWOT Analysis
14.5.7.4. Strategic Overview
14.5.8. Cross Match Technologies, Inc.
14.5.8.1. Company Overview (HQ, Business Segments, Employee Strength)
14.5.8.2. Product Portfolio
14.5.8.3. SWOT Analysis
14.5.8.4. Strategic Overview
List of Tables
Table 1: Market Snapshot: Global Healthcare Biometrics Market
Table 2: Global Healthcare Biometrics Market, by Technology, 2021–2028
Table 3: Global Healthcare Biometrics Market Revenue, by Applications, 2021–2028
Table 4: Global Healthcare Biometrics Market, by Geography, Size and Forecast, 2021–2028
Table 5: North America Healthcare Biometrics Market Value (US$ Mn) Forecast, by Technology, 2021–2028
Table 6: North America Healthcare Biometrics Market Value (US$ Mn) Forecast, by Applications, 2021–2028
Table 7: North America Healthcare Biometrics Market Value (US$ Mn) Forecast, by Country, 2021–2028
Table 8: Europe Healthcare Biometrics Market Value (US$ Mn) Forecast, by Technology, 2021–2028
Table 9: Europe Healthcare Biometrics Market Value (US$ Mn) Forecast, by Applications, 2021–2028
Table 10: Europe Healthcare Biometrics Market Value (US$ Mn) Forecast, by Country/Sub-region, 2021–2028
Table 11: Asia Pacific Healthcare Biometrics Market Value (US$ Mn) Forecast, by Technology, 2021–2028
Table 12: Asia Pacific Healthcare Biometrics Market Value (US$ Mn) Forecast, by Applications, 2021–2028
Table 13: Asia Pacific Healthcare Biometrics Market Value (US$ Mn) Forecast, by Country/Sub-region, 2021–2028
Table 14: Latin America Healthcare Biometrics Market Value (US$ Mn) Forecast, by Technology, 2021–2028
Table 15: Latin America Healthcare Biometrics Market Value (US$ Mn) Forecast, by Applications, 2021–2028
Table 16: Latin America Healthcare Biometrics Market Value (US$ Mn) Forecast, by Country/Sub-region, 2021–2028
Table 17: Middle East & Africa Healthcare Biometrics Market Value (US$ Mn) Forecast, by Technology, 2021–2028
Table 18: Middle East & Africa Healthcare Biometrics Market Value (US$ Mn) Forecast, by Applications, 2021–2028
Table 19: Middle East & Africa Healthcare Biometrics Market Value (US$ Mn) Forecast, by Country/Sub-region, 2021–2028
List of Figures
Figure 1: Healthcare Biometrics: Market Segmentation:
Figure 2: Global Healthcare Biometrics Market, by Technology, 2020
Figure 3: Porter’s Five Force Analysis: Global Healthcare Biometrics Market:
Figure 4: Market Attractiveness Analysis: Global Healthcare Biometrics Market, by Geography, 2021-2018
Figure 5: Global Face Recognition Biometrics Market Revenue, 2021– 2028
Figure 6: Global Iris Recognition Biometrics Market Revenue, 2021– 2028
Figure 7: Global Hand Recognition Biometrics Market Revenue, 2021– 2028
Figure 8: Global Voice Recognition Biometrics Market Revenue, 2021– 2028
Figure 9: Global Fingerprint Recognition Biometrics Market Revenue, 2021– 2028
Figure 10: Global AFIS Biometrics Market Revenue, 2021– 2028
Figure 11: Global Non-AFIS Biometrics Market Revenue, 2021– 2028
Figure 12: Global Vein Recognition Biometrics Market Revenue, 2021– 2028
Figure 13: Global Signature Recognition Biometrics Market Revenue, 2021– 2028
Figure 14: Global Other Healthcare Biometric Technologies Market Revenue, 2021– 2028
Figure 15: Logical Access Control Biometrics Market Revenue, 2021– 2028
Figure 16: Physical Access Control Biometrics Market Revenue, 2021– 20128
Figure 17: Transaction Authentication Biometrics Market Revenue, 2021– 2028:
Figure 19: North America Healthcare Biometrics Market Revenue, 2021– 2028
Figure 20: North America Healthcare Biometrics Market Value Share Analysis, by Technology, 2021–2028
Figure 21: North America Healthcare Biometrics Market Value Share Analysis, by Application, 2021 – 2028
Figure 22: North America Healthcare Biometrics Market Value Share Analysis, by Country, 2021–2028
Figure 23: North America Healthcare Biometrics Market Attractiveness, by Technology, 2021–2028
Figure 24: North America Healthcare Biometrics Market Attractiveness, by Application, 2021–2028
Figure 24: North America Healthcare Biometrics Market Attractiveness, by Country, 2021–2028
Figure 26: Europe Healthcare Biometrics Market Revenue, 2021 – 2028
Figure 27: Europe Healthcare Biometrics Market Value Share Analysis, by Technology, 2021–2028
Figure 28: Europe Healthcare Biometrics Market Value Share Analysis, by Application, 2021 – 2028
Figure 29: Europe Healthcare Biometrics Market Value Share Analysis, by Country/Sub-region, 2021–2028
Figure 30: Europe Healthcare Biometrics Market Attractiveness, by Technology, 2021–2028
Figure 31: Europe Healthcare Biometrics Market Attractiveness, by Application, 2021–2028
Figure 32: Europe Healthcare Biometrics Market Attractiveness, by Country/Sub-region, 2021–2028:
Figure 33: Asia Pacific Healthcare Biometrics Market Revenue, 2021– 2028
Figure 34: Asia Pacific Healthcare Biometrics Market Value Share Analysis, by Technology, 2021–2028
Figure 35: Asia Pacific Healthcare Biometrics Market Value Share Analysis, by Application, 2021 – 2028
Figure 36: Asia Pacific Healthcare Biometrics Market Value Share Analysis, by Country/Sub-region, 2021–2028
Figure 37: Asia Pacific Healthcare Biometrics Market Attractiveness, by Technology, 2021–2028
Figure 38: Asia Pacific Healthcare Biometrics Market Attractiveness, by Application, 2021–2028
Figure 39: Asia Pacific Healthcare Biometrics Market Attractiveness, by Country/Sub-region, 2021–2028
Figure 40: Latin America Healthcare Biometrics Market Revenue, 2021– 2028
Figure 41: Latin America Healthcare Biometrics Market Value Share Analysis, by Technology, 2021–2028
Figure 42: Latin America Healthcare Biometrics Market Value Share Analysis, by Application, 2021 – 2028
Figure 43: Latin America Healthcare Biometrics Market Value Share Analysis, by Country/Sub-region, 2021–2028
Figure 44: Latin America Healthcare Biometrics Market Attractiveness, by Technology, 2021–2028
Figure 45: Latin America Healthcare Biometrics Market Attractiveness, by Application, 2021–2028
Figure 46: Latin America Healthcare Biometrics Market Attractiveness, by Country/Sub-region, 2021–2028
Figure 47: Middle East & Africa Healthcare Biometrics Market Revenue, 2021– 2028
Figure 48: Middle East & Africa Healthcare Biometrics Market Value Share Analysis, by Technology, 2021–2028
Figure 49: Middle East & Africa Healthcare Biometrics Market Value Share Analysis, by Application, 2021–2028
Figure 50: Middle East & Africa Healthcare Biometrics Market Value Share Analysis, by Country/Sub-region, 2021–2028
Figure 51: Middle East & Africa Healthcare Biometrics Market Attractiveness, by Technology, 2021–2028
Figure 52: Middle East & Africa Healthcare Biometrics Market Attractiveness, by Application, 2021–2028
Figure 53: Middle East & Africa Healthcare Biometrics Market Attractiveness, by Country/Sub-region, 2021–2028