Press release
What's Driving the Healthcare Biometrics Market 2025-2034: Patients In Hospitals Propel Growth Of The Healthcare Biometrics Market
Healthcare Biometrics Global Market Report 2025
The dimensions of the healthcare biometrics market have seen an explosive increase recently. The market is projected to expand from $8.46 billion in 2024 to $10.32 billion in 2025, experiencing a compound annual growth rate (CAGR) of 22.0%. This growth during the historical period is due to a rise in identity theft and fraud cases, enhanced data security and privacy, a decrease in administrative mistakes, cost reduction, and the availability of financial funds and grants for the healthcare sector.
Over the forthcoming years, the healthcare biometrics market is anticipated to witness substantial growth, expanding to $22.72 billion by 2029 with a CAGR of 21.8%. This expansion within the forecast period can be credited to several factors such as broader acceptance of electronic health records, increasing necessity for patient data protection, enhanced patient identification systems, escalated healthcare costs, and rising public consciousness and receptiveness towards biometric technologies. The future trends within the predicted period include technological evolution, multimodal biometrics, incorporation of artificial intelligence and machine learning, compliance with interoperability standards, and assimilation with Internet of Things (IoT) devices.
What Are the Main Catalysts for Growth in the Healthcare Biometrics Market?
The surge in hospital patients is anticipated to drive the expansion of the healthcare biometrics market in the future. This influx of patients is attributable to factors such as an aging demographic, higher occurrence of chronic illnesses, and better access to healthcare provisions. By facilitating precise identification and authentication of individuals, healthcare biometrics contribute towards improved security, and customized patient care in hospitals. For example, the Canadian Institute for Health Information, a non-profit organization based in Canada, reported in February 2024 that there was a rise in acute inpatient hospitalizations in Canada to 2.96 million in 2022-2023, up from 2.88 million in 2021-2022. This indicates a year-over-year increase in hospitalizations by 2.78%. Hence, the escalating number of hospital patients is promoting the development of the healthcare biometrics market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=19499&type=smp
Which Businesses Are at the Forefront of Healthcare Biometrics Market Development?
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
What Are the Latest Innovations in the Healthcare Biometrics Market?
Leading organizations in the healthcare biometrics sector are concentrating on the creation of innovative solutions for verifying patient identity, designed to increase security and enhance the precision of patient care. These solutions refer to advanced technologies specifically engineered to safely and precisely authenticate patient identities, thereby increasing the safety and efficiency in healthcare environments. VerifiNow, a company situated in the US that offers biometric authentication, launched PatientVerifi in February 2024. This biometric identity verification solution uses voice biometrics, facial recognition, and liveness detection to accurately verify patients during online appointments, designed specifically for telehealth providers. This innovation helps minimize the potential for patient misidentification, malpractice due to misdiagnosis, and the misuse of prescriptions. With designs that enable integration with commonly used video platforms like Zoom and Microsoft Teams, PatientVerifi heightens compliance with healthcare regulations and provides protection for both patients and providers.
How Is the Healthcare Biometrics Market Segmented?
The healthcare biometricsmarket covered in this report is segmented -
1) By Technology: Fingerprint Recognition, Face Recognition, Voice Recognition, Vein Recognition, Iris Recognition, Hand Recognition, Other Technologies
2) By Application: Medical Record And Data Center Security, Patient Identification And Tracking, Care Provider Authentication, Home Or Remote Patient Monitoring, Other Applications
3) By End-User: Hospitals, Clinics, Clinical Laboratories, Healthcare Institutions
Subsegments:
1) By Fingerprint Recognition: Optical Fingerprint Recognition, Capacitive Fingerprint Recognition, Ultrasonic Fingerprint Recognition, Thermal Fingerprint Recognition, Multi-Factor Fingerprint Authentication Systems
2) By Face Recognition: 2D Face Recognition, 3D Face Recognition, Infrared Face Recognition, Facial Thermography, Real-Time Face Recognition Systems
3) By Voice Recognition: Speaker Identification Systems, Speaker Verification Systems, Voice Biometric Authentication, AI-Powered Voice Recognition For Healthcare, Multi-Modal Voice Recognition Systems
4) By Vein Recognition: Palm Vein Recognition, Finger Vein Recognition, Infrared Vein Pattern Recognition, Near-Infrared Vein Imaging
5) By Iris Recognition: Near-Infrared Iris Scanning, Multi-Spectral Iris Recognition, High-Speed Iris Recognition Systems, Real-Time Iris Recognition Solutions
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/healthcare-biometrics-global-market-report
Where Is the Healthcare Biometrics Market Growth Most Prominent?
North America was the largest region in the healthcare biometrics market in 2024. 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.
What Is Covered In The Healthcare Biometrics Global Market Report?
- Market Size Analysis: Analyze the Healthcare Biometrics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Healthcare Biometrics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Healthcare Biometrics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Healthcare Biometrics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19499
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release What's Driving the Healthcare Biometrics Market 2025-2034: Patients In Hospitals Propel Growth Of The Healthcare Biometrics Market here
News-ID: 3869437 • Views: …
More Releases from The Business Research Company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Recognition
Digital Door Lock System Market by Region - North America, Latin America, Europe …
According to recently published report by Fact.MR, the global digital door lock system market is projected to grow at a CAGR of 30.8% in terms of value during the period 2017-2026. In terms of volume, the market is anticipated to record sales of nearly 80,000 thousand units by 2026-end.
There has been a significant increase in the number of manufacturing sites along with growing pace of industrialization across the globe in…
Digital Door Lock System Market by Region - North America, Latin America, Europe …
According to recently published report by Fact.MR, the global digital door lock system market is projected to grow at a CAGR of 30.8% in terms of value during the period 2017-2026. In terms of volume, the market is anticipated to record sales of nearly 80,000 thousand units by 2026-end.
There has been a significant increase in the number of manufacturing sites along with growing pace of industrialization across the globe in…
Digital Door Lock System Market by Region - North America, Latin America, Europe …
Digital door locks are locks that are installed on doors of various structures and can be operated with the convenience of applications on the user’s smartphone. These keyless locks operate on technologies such as Bluetooth and Wi-Fi.
Penetration of Smartphones & Mobile Broadband to Augment the Market Expansion
Smart devices are considered to be one of the major evolutionary innovations for commercial and residential spaces on the back of their sustainable, secure…
Digital Door Lock Systems Market Report 2018: Segmentation by Type (Biometrics ( …
Global Digital Door Lock Systems market research report provides company profile for Cisco Systems, Inc., Onity Inc., ADT Inc., Assa Abloy Group, Vivint, Inc., Allegion PLC, Godrej & Boyce Manufacturing Co. Ltd., Honeywell International Inc., Panasonic Corporation, Johnson Controls and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of…
Universal $12 Bn Healthcare Biometrics Market | By Technology | Face Recognition …
A Research Study Titled, “Healthcare Biometrics Market by Technology, Application, and End User - Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the healthcare biometrics market is projected to be around $12 billion by 2025.
Healthcare Biometrics - Competitive Analysis:
Technological collaborations and mergers will drive the market during the forecast period. For instance, in September 2015, Qualcomm Inc. announced the collaboration between Qualcomm Life, Inc.…
Digital Door Lock System Market Report by Region - North America, Latin America, …
The global market discussion on digital door lock systems industry can be found in the latest study by Fact.MR, which has been freshly added to its massive collection of research database. The report is titled “Digital Door Lock System Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026”, which works to enlighten the readers about the major factors prompting the growth of the concerned market. Apart from…
