The size of the worldwide market for healthcare biometric software was estimated at USD 2.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.5% to reach USD 4.3 billion by 2032. A multitude of factors are driving the rapid expansion of the healthcare biometrics software industry. One of the main factors propelling the market’s rise is the increasing requirement in healthcare for trustworthy and secure patient identification and data management solutions. Biometric authentication systems provide a reliable means of protecting patient data and reducing fraud threats, which are major concerns for healthcare organizations.
Expanding industry growth is also fueled by the increasing adoption of digital healthcare technology, such as electronic health records (EHRs). A growing need for safe and efficient patient identification and authentication systems, along with the trend toward digital healthcare, is driving demand for biometric authentication solutions in the industry.
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Healthcare Biometrics Software Market Segmentation
By Technology
- Fingerprint Recognition
- Iris Recognition
- Face Recognition
- Voice Recognition
Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Players
- Imprivata, Inc.
- Nuance Communications, Inc.
- HID Global
- Fujitsu Limited
- Bio-key International, Inc.
- IDEMIA
- Aware, Inc.
- Crossmatch Technologies
- NEC Corporation
- 3M Cogent, Inc.
- BioEnable Technologies
- ZKTeco Inc.
- BIO-key International, Inc.
- Suprema Inc.
- Gemalto NV
Market Driver
The healthcare biometrics software market is expanding due to rising patient identification requirements that must be safe and trustworthy. The market for healthcare biometric software is primarily driven by the growing need for safe and dependable patient identification and data management systems. Healthcare businesses are searching more and more for efficient solutions to safeguard patient data and stop unwanted access to sensitive information due to the growing worry about fraud and data breaches.
In the past, government-issued identification documents or patient recall have been used as manual methods of patient identification and authentication in the healthcare industry. But these techniques are prone to mistakes and misidentification, which can have major repercussions including improper or delayed medical care. In order to identify and authenticate patients, biometric authentication systems offer a dependable and safe method that does away with manual procedures and lowers the possibility of fraud and error. Because biometric information, like fingerprints, face recognition, and iris scans, is specific to each person, it is a very accurate means of identifying.
The demand for effective and safe patient identification and authentication solutions is growing as more healthcare organizations use electronic health records (EHRs) and other digital healthcare technologies. In addition to increasing productivity and cutting expenses related to manual procedures, biometric authentication systems may assist in protecting the confidentiality and security of patient data. The market for healthcare biometric software is primarily driven by the growing need for safe and dependable patient identification and data management systems in the industry.
Regional Analysis
Geographically, North America leads the healthcare biometrics software market because of the region’s high adoption rate of healthcare IT and abundance of healthcare businesses. Having a considerable market share, the United States is the region’s largest market. For instance, the biometric authentication startup Clear stated in 2020 that it will be collaborating with Delta Air Lines and United Airlines to provide touchless biometric security checks at US airports.
Due to rising government initiatives to encourage the adoption of healthcare IT solutions and the rising need for safe and dependable patient identification and data management systems, Europe is also an important market for healthcare biometrics software. For instance, the UK-based biometric authentication startup ievo announced a collaboration with Safe Access, a digital health firm, in 2020.
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The U.S. Food and Drug Administration (FDA), for instance, put forward a new guideline in March 2020 that enables the manufacturers of specific FDA-cleare dsign monitoring devices to broaden their utilization.It would aid the healthcare providers in remotely monitoring patients.
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