PUBLISHER: The Business Research Company | PRODUCT CODE: 1710359
PUBLISHER: The Business Research Company | PRODUCT CODE: 1710359
Healthcare biometrics involves the application of biometric technologies and systems within the healthcare sector to improve security, patient identification, and overall healthcare delivery. These systems rely on unique biological characteristics such as fingerprints, facial recognition, iris patterns, voice, or even behavioral traits to identify and authenticate individuals.
The primary technologies in healthcare biometrics include fingerprint recognition, facial recognition, voice recognition, vein recognition, iris recognition, hand recognition, and more. Fingerprint recognition, a key biometric technology, identifies individuals based on the distinctive patterns of ridges and valleys in their fingerprints. This technology has various applications, including securing medical records and data centers, patient identification and tracking, care provider authentication, and monitoring patients at home or remotely. These biometric systems are employed by end users such as hospitals, clinics, clinical laboratories, and other healthcare facilities.
The healthcare biometrics market research report is one of a series of new reports from The Business Research Company that provides healthcare biometrics market statistics, including the healthcare biometrics industry's global market size, regional shares, competitors with a healthcare biometrics market share, detailed healthcare biometrics market segments, market trends and opportunities, and any further data you may need to thrive in the healthcare biometrics industry. This healthcare biometrics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The healthcare biometrics market size has grown exponentially in recent years. It will grow from $8.46 $ billion in 2024 to $10.32 $ billion in 2025 at a compound annual growth rate (CAGR) of 22.0%. The growth in the historic period can be attributed to increasing cases of identity theft and fraudulent activities, data security and privacy, reduction in administrative errors, cost reduction, and availability of funding and grants for healthcare.
The healthcare biometrics market size is expected to see exponential growth in the next few years. It will grow to $22.72 $ billion in 2029 at a compound annual growth rate (CAGR) of 21.8%. The growth in the forecast period can be attributed to the increasing adoption of electronic health records, growing demand for patient data security, improved patient identification systems, rising healthcare expenditure, and growing public awareness and acceptance of biometric technologies. Major trends in the forecast period include technological advancements, multimodal biometrics, artificial intelligence, machine learning integration, interoperability standards, and integration with Internet of Things (IoT) devices.
The growing number of patients in hospitals is expected to drive the expansion of the healthcare biometrics market. This increase in patient numbers is attributed to an aging population, a higher prevalence of chronic diseases, and improved access to healthcare services. Healthcare biometrics benefits hospital patients by providing enhanced security and personalized care through precise identification and authentication of individuals. For example, in February 2024, the Canadian Institute for Health Information, a Canada-based not-for-profit organization, reported that acute inpatient hospitalizations in Canada increased to 2.96 million in 2022-2023, up from 2.88 million in 2021-2022, marking a 2.78% year-over-year rise. Thus, the growing patient population in hospitals is fueling the healthcare biometrics market.
Leading companies in the healthcare biometrics sector are concentrating on creating innovative patient identity verification solutions to bolster security and improve the accuracy of patient care. These solutions involve advanced technologies designed to accurately and securely verify patients' identities, enhancing safety and efficiency in healthcare environments. For instance, in February 2024, VerifiNow, a U.S.-based biometric verification provider, launched PatientVerifi, a biometric identity verification solution tailored for telehealth providers. This solution utilizes voice biometrics, facial recognition, and liveness detection to precisely authenticate patients during virtual appointments, reducing the risks associated with incorrect patient identification, misdiagnosis malpractice claims, and prescription misuse. PatientVerifi is designed for seamless integration with popular video platforms such as Zoom and Microsoft Teams, ensuring compliance with healthcare regulations while safeguarding both patients and providers.
In July 2024, DNA Partners L.P., a U.S.-based investment firm with a focus on the healthcare sector, acquired SIC Biometrics Inc. for an undisclosed amount. This acquisition is intended to strengthen DNA Partners' portfolio in advanced biometric technologies and expand its capabilities in healthcare applications. SIC Biometrics Inc., a Canada-based company, offers a variety of multimodal identity verification methods, including fingerprint, facial recognition, and iris scanning.
Major companies operating in the healthcare biometrics market are Fujitsu Limited, NEC Corporation, Siemens Healthineers AG, Thales Group, IDEMIA SA, GoForward Inc., Zkteco Inc., Imprivata Inc, M2SYS LLC, Cross Match Technologies Inc., Daon Inc., Facephi, Aware Inc., Integrated Biometrics, Suprema Inc, eyeLock, Bio-Key International, Facetec Inc., RightPatient, Morpho Dys
North America was the largest region in the healthcare biometrics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the healthcare biometrics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the healthcare biometrics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The healthcare biometrics market consists of revenues earned by entities by providing services such as telemedicine authentication, patient engagement, and biometric authentication. The market value includes the value of related goods sold by the service provider or included within the service offering. The healthcare biometrics market also includes sales of fingerprint scanners, hand geometry systems, behavioral biometrics, and biometric sensors. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Healthcare Biometrics Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on healthcare biometrics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for healthcare biometrics ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The healthcare biometrics market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.