NEW YORK, Feb. 10, 2022 /PRNewswire/ -- As per study of Zion Market Research, Healthcare Biometrics industry garnered revenue worth nearly US$ 3.95 billion in 2021 and is anticipated to gain returns about US$ 12.35 billion by 2028. In addition to this, Healthcare Biometrics market is prognosis to record CAGR of almost 25.09% in 2022-2028.
Apparently, prominent growth of healthcare biometrics market over forecast timespan can be credited to ability of biometrics in bringing security & convenience of healthcare service providers as well as patients. In addition to this, growing demand for remote patient monitoring activities along with rigorous need for biometric authentication in healthcare sector will enhance expansion of healthcare biometrics industry over ensuing years. Remote healthcare monitoring of patients through biometric readings facilitates medical interventions in real time, thereby creating lucrative growth avenues for healthcare biometrics industry. Biometrics in healthcare sector is used for improving patient outcomes and workforce efficiency. Rise in penetration of smartphone supported by Internet of Things and Big Data analytics tools has enhanced use of biometrics in healthcare sector. This will expand scope of healthcare biometrics market growth.
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Some of key participants have strongly leveraged market size and are likely to do so even in next couple of years. They include Lumidigm, NEC Corporation, Crossmatch Technologies, Inc., BIO-key International Inc., Cogent Systems, Inc., Fujitsu Limited, Morpho, Inc., Suprema Inc., Imprivata, Inc., and ZKteco, Inc.
Multi-Factor Authentication To Lead Technology Segment In 2022-2028:
Growth of Multi-factor authentication segment over forecast timespan is subject to ability of multi-factor authentication biometric technique in offering scalable & tiered security levels that can be installed for controlling easy access to sensitive healthcare information. Multi-factor authentication is deployed for monitoring medical databases, authenticity of healthcare information, and identifying & tracking other vital information regarding health & medical history of patient.
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North American Market Growth Trajectory To Witness Upward Trend In Forecasting Timeframe:
Regional market expansion over forecast timeline can be due to rise in frauds & crimes observed in medical sector. Technical glitches experienced in various kinds of healthcare authentication instruments have enhanced popularity and use of biometrics in healthcare sector across sub-continent. Apart from this, setting up of new healthcare units such as clinics, ambulatory or outpatient care centers, and hospitals in the U.S. and Canada will prompt regional market upsurge over years ahead.
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Browse the full "Healthcare Biometrics Market By Technology (Single-Factor Authentication, Multi-Factor Authentication) By End-User (Healthcare Institutions, Hospitals & Clinics, Research & Clinical Laboratories) By Application (Care Provider Authentication, Home/Remote Patient Monitoring, Patient Identification & Tracking, Pharmacy Dispensing, Medical Record Security & Data Center Security, Others): Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2026." Report at https://www.zionmarketresearch.com/report/healthcare-biometrics-market
Report Scope:
Report Attribute |
Details |
Base Year |
2020 |
Historic Years |
2016 - 2020 |
Forecast Years |
2021 - 2028 |
Segments Covered |
By Product Type, By Application, and By End Use |
Growth Momentum & CAGR |
Accelerate at a CAGR of 25.09% |
Forecast Units |
Value (USD Billion), and Volume (Units) |
Quantitative Units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
Regions Covered |
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World |
Countries Covered |
U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others |
Number of Companies Covered |
10 companies with scope for including additional 15 companies upon request |
Report Coverage |
Market growth drivers, restraints, opportunities, Porter's five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis. |
Customization Scope |
Avail customized purchase options to meet your exact research needs. |
The global healthcare biometrics market is segmented as follows:
By Technology
- Single-factor Authentication
- Palm Geometry Recognition
- Face Recognition
- Fingerprint Recognition
- Iris Recognition
- Signature Recognition
- Vein Recognition
- Behavioral Recognition
- Others
- Multi-factor Authentication
- Biometrics with PIN
- Biometric Card
- Others
By End-User
- Healthcare Institutions
- Hospitals & Clinics
- Research & Clinical laboratories
By Application
- Care Provider Authentication
- Home/Remote Patient Monitoring
- Patient Identification & Tracking
- Pharmacy Dispensing
- Medical Record Security & Data Center Security
- Others
Key questions answered in this report:
- What is the size of the Healthcare Biometrics market and what is its expected growth rate?
- What are the primary driving factors that push the Healthcare Biometrics market forward?
- What are the Healthcare Biometrics Industry's top companies?
- What are the different categories that the Healthcare Biometrics market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Healthcare Biometrics market sample report and company profiles?
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2021−2026
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Type, by Deployment, by Component, by Application, and by Region
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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