Behavioral Biometrics In Healthcare Market Is Expected To Reach USD 2.0 Billion By 2028, Growing At A CAGR Of 30.1% During The Forecast Period

The global behavioral biometrics in healthcare market size was valued at USD 0.7 billion in 2022 and is expected to reach USD 2.0 billion by 2028, growing at a CAGR of 30.1% during the forecast period.

Some of the major drivers that promote the growth of the market are the rising amount of government support for digital payments, the rise in digital payments, and the rise in online fraud incidents. The global Behavioural Biometrics market has been significantly impacted by the COVID-19 epidemic. Supply network disruption is the cause of this. A variety of policies have been put out by the government to promote the development of the behavioural biometrics sector. However, big businesses have finally discovered fresh methods and tools to solve problems and maintain the market. Over the anticipated timeframe, this will result in significant market expansion.

Market Overview:

Some of the major drivers that promote the growth of the market are the rising amount of government support for digital payments, the rise in digital payments, and the rise in online fraud incidents. A market opportunity is created by the increasing need for behavioural biometric cybersecurity tools for cloud-based solutions. However, concerns about technology security and the high cost of software installation are key restraints that can prevent the market's expansion. The growing number of consumers in developed economies who are using cutting-edge products and technology is what drives the growth of the worldwide Behavioural Biometrics market.

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Company Profiles:

• BioCatch
• BehavioSec
• Plurilock
• NuData Security
• SecuredTouch
• BioSig Technologies
• Aculab
• AimBrain
• Aware
• Daon
• ID R&D
• OneSpan
• Nymi
• UnifyID
• Veridium

Segmentation:
By Component
• Software
• Services

By Application:
• Patient Identification And Tracking
• Access Control And Authentication
• Remote Patient Monitoring
• Fraud Detection And Prevention
• Others.

By End User
• Hospitals And Clinics
• Healthcare Providers
• Payers
• Patients.

Geographical Analysis:
North America currently dominates the behavioral biometrics in healthcare market. This can be attributed to the early adoption of digital health technologies and the presence of major market players in the region. The US, in particular, accounts for a significant share of the market due to the high adoption of electronic health records (EHRs) and increasing concerns over healthcare data breaches and cyber-attacks. For example, in 2020, the US government issued guidelines recommending the use of multi-factor authentication (MFA) and behavioral biometrics in healthcare settings. Additionally, major US-based healthcare organizations such as Mayo Clinic and Cleveland Clinic have implemented behavioral biometrics solutions to improve the security of their systems and protect sensitive patient data.
The Asia-Pacific region is expected to experience significant growth in the coming years due to the increasing adoption of digital health technologies and the rising demand for secure authentication solutions in healthcare. Countries such as China, India, and Japan are investing heavily in healthcare infrastructure and technology, which is creating new opportunities for behavioral biometrics solutions. For example, in 2020, the National Health Commission of China issued guidelines recommending the use of facial recognition and other biometric technologies to improve patient identification and reduce the risk of medical errors. Additionally, major healthcare providers in the region such as Apollo Hospitals in India have implemented behavioral biometrics solutions to enhance the security of their systems and protect patient data.

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Growing need for reliable and secure authentication methods: Electronic health records (EHRs) and digital health technologies are becoming more widely used, and this is driving up the demand for reliable and secure authentication methods. By examining the distinctive behavioural patterns of individuals, behavioural biometrics offers a novel type of authentication that gives a greater level of security than conventional authentication techniques.

escalating worries about hackers and healthcare data breaches: Healthcare organisations are become more and more worried about the possibility of cyberattacks and data breaches, which could lead to the theft of private patient information. By adding an extra layer of protection to healthcare apps and systems, behavioural biometrics can aid in reducing these risks.
Artificial intelligence (AI) and machine learning (ML) are becoming more widely used: The adoption of behavioural biometrics in healthcare is being fueled by developments in AI and ML that make it possible to analyse behavioural biometric data more accurately and effectively. These technologies are able to spot irregularities and behaviour patterns that can point to fraud or other security risks.

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• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

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