Press release
Healthcare Biometrics Software Market Is Projected To Reach USD 4.3 Billion By 2032, Growing At A CAGR Of 14.5% During The Forecast Period.
The global Healthcare Biometrics Software Market size was valued at USD 2.2 billion in 2022 and is projected to reach USD 4.3 billion by 2032, growing at a CAGR of 14.5% during the forecast period.The market for healthcare biometrics software is expanding quickly due to a number of factors. The growing need in healthcare for safe and dependable patient identification and data management systems is one of the key reasons driving the market's expansion. Healthcare organisations are very concerned about data breaches and fraud, therefore biometric authentication systems offer an efficient way to secure patient information and lower those risks. The growing uptake of electronic health records (EHRs) and other digital healthcare technologies is another factor fueling industry expansion. Demand for biometric authentication solutions in healthcare is being driven by the trend towards digital healthcare and the rising requirement for secure and effective patient identification and authentication solutions.
Additionally, the expanding usage of wearable and mobile technology in healthcare is opening up new markets for biometric authentication technologies. Healthcare practitioners may now gather and analyse patient data in real-time thanks to the integration of biometric sensors into mobile devices and wearables, which helps to improve patient outcomes and raise the standard of care. Further boosting the demand for biometric authentication systems in healthcare is the COVID-19 epidemic, which has spurred the implementation of telehealth and virtual care solutions.
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Company Profiles:
• 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
Segmentation:
By Type:
• Single-Factor Authentication
• Multi-Factor Authentication
By Technology
• Fingerprint Recognition
• Iris Recognition
• Face Recognition
• Voice Recognition
• Others
Geographical Analysis:
Geographically, North America dominates the Healthcare Biometrics Software market due to the presence of a large number of healthcare organizations and high healthcare IT adoption. The United States is the largest market in the region, with a significant share of the market. For example, in 2020, biometric authentication company Clear announced a partnership with United Airlines and Delta Air Lines to introduce touchless biometric security screening at airports across the United States. Europe is also a significant market for Healthcare Biometrics Software due to increasing government initiatives to promote the adoption of healthcare IT solutions and the growing demand for secure and reliable patient identification and data management solutions. For example, in 2020, UK-based biometric authentication company ievo announced a partnership with digital health company Safe Access.
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In order to protect patient privacy and the security of their data, telehealth is becoming more and more popular, hence there is a need for secure and trustworthy patient identification and authentication solutions. The demand for secure and trustworthy patient identification and data management solutions in healthcare, the expanding uptake of digital healthcare solutions, and the rising use of mobile devices and wearables in healthcare are all expected to drive the market for healthcare biometrics software over the next few years.
The demand for secure and effective patient identification and authentication solutions is growing as healthcare organisations implement electronic health records (EHRs) and other digital healthcare technologies at an increasing rate. Patient data privacy and security can be helped by biometric authentication technologies, which can also increase productivity and cut costs associated with manual processes. Overall, a key factor propelling the market for healthcare biometrics software is the rising demand for safe and trustworthy patient identification and data management systems.
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Key Benefits For Stakeholders
• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the global healthcare biometrics market analysis from 2021 to 2031 to identify the prevailing global healthcare biometrics market opportunity.
• The market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
• In-depth analysis of the global healthcare biometrics market segmentation assists to determine the prevailing market opportunities.
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