Fingerprint Recognition In Healthcare Market Is Expected To Reach USD 18.25 Million By 2032, Growing At A CAGR Of 10.8% During The Forecast Period

The global fingerprint recognition in healthcare market size was valued at USD 1.14 billion in 2022 and is expected to reach USD 18.25 million by 2032, growing at a CAGR of 10.8% during the forecast period.

For patient identification, access control, and medical record management, the healthcare sector has discovered substantial applications for fingerprint recognition technology. The market for fingerprint recognition in healthcare is expanding as a result of the following major trends and opportunities: The need for quick and accurate patient identification As the healthcare industry transitions to electronic health records (EHRs) and telemedicine, fingerprint recognition provides a highly secure and effective method of patient identification.

By reducing errors and preventing fraud, fingerprint recognition may provide precise and effective patient identification. Increasing use of EHRs: Government initiatives and the need to increase healthcare efficiency and patient outcomes are driving a rapid rise in the deployment of electronic health records (EHRs). Healthcare practitioners can utilise fingerprint recognition as a useful tool to securely access and administer EHRs. improvements in fingerprint recognition technology.

By reducing errors and preventing fraud, fingerprint recognition may provide precise and effective patient identification. Increasing use of EHRs: Government initiatives and the need to increase healthcare efficiency and patient outcomes are driving a rapid rise in the deployment of electronic health records (EHRs). Healthcare practitioners can utilise fingerprint recognition as a useful tool to securely access and administer EHRs. improvements in fingerprint recognition technology.

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Company Profiles:
• NEC Corporation
• Crossmatch Technologies, Inc.
• BIO-key International, Inc.
• 3M Cogent, Inc.
• SecuGen Corporation
• Fujitsu Limited
• HID Global Corporation
• ZKTeco Inc.
• Suprema Inc.
• IDEMIA
• M2SYS Technology
• Integrated Biometrics
• Aware, Inc.
• NITGEN Co., Ltd.
• Anviz Global Inc.

Segmentation:
By technology, the market can be segmented into:
• Capacitive
• Optical
• Thermal
• Ultrasonic

By application, the market can be segmented into:
• Patient identification and data access control
• Medical record management
• Prescription authentication
• Others

By end-user, the market can be segmented into:
• Hospitals and clinics
• Ambulatory surgical centers
• Research and academic institutes
• Others

Geographical Analysis:
North America currently dominates the fingerprint recognition in healthcare market, with the largest share of the market attributed to the high adoption of fingerprint recognition solutions in the healthcare sector, along with the presence of major players in the region. In 2020, North America accounted for the largest share of the global fingerprint recognition in healthcare market. This can be attributed to the high adoption of electronic health records and increasing demand for secure patient identification in healthcare facilities in the region. Additionally, the presence of major players in the region, such as NEC Corporation, 3M Cogent, Inc., and Crossmatch Technologies, Inc., is also contributing to the dominance of North America in the market.

The United States is the largest market for fingerprint recognition in healthcare in North America, with a significant adoption of electronic health records and an increasing need for secure patient identification. For instance, in 2019, the US Department of Veterans Affairs (VA) implemented fingerprint recognition technology in its facilities to improve patient identification and prevent identity theft.

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Canada is also a significant market for fingerprint recognition in healthcare, driven by the increasing adoption of electronic health records and the need for secure patient identification. For example, in 2020, the University of Alberta Hospital in Canada implemented a biometric identification system using fingerprint recognition technology to improve patient identification and reduce wait times.

Overall, North America is expected to maintain its dominance in the fingerprint recognition in healthcare market in the coming years, due to the increasing adoption of electronic health records, rising healthcare spending, and government initiatives to improve healthcare infrastructure and technology in the region.

Technology advancements in fingerprint recognition are improving the precision, security, and practicality of fingerprint recognition systems in healthcare. Examples include multi-factor authentication and mobile biometrics. These developments are anticipated to accelerate the use of fingerprint recognition in healthcare. Spending on healthcare infrastructure and technology is rising in both public and private sectors, which is predicted to increase demand for fingerprint recognition software in the healthcare sector.

The growing need for secure and effective patient identification is a key driver for the growth of the fingerprint recognition market in healthcare. For the healthcare sector to ensure patient safety and provide high-quality care, precise and secure patient identification is essential. The use of a patient's name and date of birth as forms of traditional patient identification can be inaccurate and may not be distinctive enough to deter fraud. Technology that uses fingerprints to identify people is extremely safe and effective, making it a useful tool for healthcare professionals.

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