Press release
Major Force in the Biometric As A Service In Healthcare Market 2025: Impact Of Growing Mobile Device Usage On The Market
Biometric As A Service In Healthcare Market Size
In recent times, the market size of biometrics as a service in healthcare has seen considerable expansion. The market is projected to increase from $1.30 billion in 2024 to $1.61 billion in 2025, with a compound annual growth rate (CAGR) of 23.26%. The historic period's growth can be accredited to factors such as the escalating demand for secure patient data management, increased investments in healthcare infrastructure, the upward trend in wearable biometric devices for health monitoring, the surge in digital health solutions and mobile health applications, and a growing preference for individualized healthcare experiences.
The market size for biometrics as a service in healthcare is projected to witness substantial growth in the coming years, escalating to $3.66 billion by 2029 with a compound annual growth rate (CAGR) of 22.89%. This expansion during the projected period can be credited to the increasing digital evolution in the healthcare sector, amplified usage of wearable devices, escalating rate of identity theft incidents, growing prevalence of chronic illnesses and emphasis on preventing prescription deception. Key trends for the forecast period consist of incorporating artificial intelligence (AI) in biometric systems, advanced iris scanning techniques, integration with blockchain for biometric verification, innovative biometric cloud solutions, and contactless biometric solutions for healthcare.
What Key Elements Are Boosting Growth in the Biometric As A Service In Healthcare Market?
The escalating use of portable electronic devices like smartphones, tablets, and smartwatches is predicted to drive the expansion of the biometric as a service sector in healthcare. This increase is due to advancements in wireless technology, the availability of inexpensive smartphones, improved internet accessibility, and the emergence of mobile healthcare applications. These devices facilitate the use of Biometric as a Service (BaaS) in healthcare, augmenting the abilities of mobile devices to provide safe, real-time access to vital health information and patient records through state-of-the-art biometric verification, guaranteeing both convenience and adherence to healthcare regulations. For example, the Ericsson Mobility Report from the Sweden-based telecommunications company indicated that there were 6,930 million global smartphone subscriptions in 2023, climbing to 7,160 million units in 2024. Hence, the escalating use of mobile devices is fuelling the expansion of the biometric as a service sector in healthcare.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=20720&type=smp
Who Are the Major Industry Players Fueling Biometric As A Service In Healthcare Market Expansion?
Major companies operating in the biometric as a service in healthcare market are Hitachi Ltd., Qualcomm Technologies Inc., Fujitsu Limited, IDEMIA Group, NICE Ltd., HID Global Corporation, Imprivata Inc., NEC Corporation, Cognitec Systems GmbH, Aware Inc., Aratek Biometric Technology Co. Ltd., Integrated Biometrics LLC, IRITECH Inc., Thales Group, Suprema Inc., Innovatrics s.r.o., BIO-key International Inc., Cenmetrix (Pvt) Ltd., ImageWare Systems Inc., Idex Biometrics ASA, SecuGen Corporation
What Are the Major Trends Shaping the Biometric As A Service In Healthcare Market?
Key players in the biometric as a service in healthcare market are prioritizing the introduction of groundbreaking solutions, such as facial recognition systems, to improve patient identification, enhance access management and upgrade security within healthcare institutions. Facial recognition systems are technological platforms used to identify or validate individuals by processing and matching facial characteristics from images or videos, mainly for security, verification, or supervision reasons. For example, Imprivata Inc., a software company based in the US, launched in February 2024 the Imprivata Biometric Patient Identity, an innovative solution that utilizes facial recognition technology. This solution employs state-of-the-art biometric technologies, including facial and fingerprint recognition, to guarantee precise patient identification in various care environments. It integrates smoothly with present Electronic Health Records (EHR) systems, providing instantaneous authentication while adhering to stringent healthcare privacy laws such as HIPAA.
How Is the Segmentation of the Biometric As A Service In Healthcare Market Defined?
The biometric as a service in healthcare market covered in this report is segmented -
1) By Modility: Unimodal, Multimodal
2) By Component: Software, Services
3) By Scanner Type: Fingerprint Recognition, Iris Recognition, Palm Recognition, Facial Recognition, Voice Recognition, Other Scanner Types
4) By Application: Pharmacy Dispensing, Care Provider Authentication, Medical Record Security And Data Centre Security, Patient Identification And Tracking, Home Or Remote Patient Access, Narcotic Security, Counter Insurance Frauds, Other Applications
5) By End Use: Hospitals, Long Term Care Centers, Ambulatory Surgical Centers, Other End-Users
Subsegments:
1) By Unimodal: Fingerprint Recognition, Facial Recognition, Iris Recognition, Voice Recognition, Hand Geometry Recognition
2) By Multimodal: Fingerprint And Facial Recognition, Fingerprint And Iris Recognition, Facial And Voice Recognition, Multi-Factor Biometric Systems
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/biometric-as-a-service-in-healthcare-global-market-report
What Is the Leading Region in the Biometric As A Service In Healthcare Market?
North America was the largest region in the biometric as a service in healthcare market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the biometric as a service in healthcare market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Biometric As A Service In Healthcare Global Market Report?
- Market Size Analysis: Analyze the biometric as a service in healthcare Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the biometric as a service in healthcare 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 biometric as a service in healthcare market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the biometric as a service in healthcare 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=20720
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: mailto: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 Major Force in the Biometric As A Service In Healthcare Market 2025: Impact Of Growing Mobile Device Usage On The Market here
News-ID: 3875210 • 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 Biometric
Global Biometric Service Market Size by Application, Type, and Geography: Foreca …
According to Market Research Intellect, the global Biometric Service market under the Internet, Communication and Technology category is expected to register notable growth from 2025 to 2032. Key drivers such as advancing technologies, changing consumer behavior, and evolving market dynamics are poised to shape the trajectory of this market throughout the forecast period.
The biometric service market is witnessing rapid growth, fueled by increasing demand for advanced security solutions across various…
Prominent Biometric Cards Market Trend for 2025: Revolutionizing Payment Securit …
What market dynamics are playing a key role in accelerating the growth of the biometric cards market?
The burgeoning expansion of contactless payment systems is anticipated to spur the development of the biometric card market in the future. Contactless payment systems provide a secure means for consumers to purchase goods or services using their debit, credit, or smart cards by exploiting radio frequency identification (RFID) technology or near-field communication (NFC). The…
Prominent Biometric Sensor Market Trend for 2025: Pioneering Product Innovation …
Which drivers are expected to have the greatest impact on the over the biometric sensor market's growth?
The spike in identity theft incidents is predicted to bolster the expansion of the biometric sensor market. Identity theft involves the stolen personal data such as social security numbers, bank account or credit card details. Biometric techniques address all critical aspects of authentication, non-repudiation, confidentiality, and integrity, contributing substantially to curbing and extinguishing identity…
Key Biometric Cards Market Trend for 2025-2034: Revolutionizing Payment Security …
What Is the Future Outlook for the Biometric Cards Market's Size and Growth Rate?
In recent times, the size of the biometric cards market has expanded swiftly. Its growth is anticipated to soar from $13.03 billion in 2024 to reach $15.36 billion in 2025, with a compound annual growth rate (CAGR) of 17.9%. The surging growth during the historical span can be credited to enhanced security requirements, escalating concerns regarding fraud,…
Biometric Workforce Management Market Will Hit Big Revenues In Future | IDEMIA, …
Advance Market Analytics added research publication document on Worldwide Biometric Workforce Management Market breaking major business segments and highlighting wider level geographies to get deep dive analysis on market data. The study is a perfect balance bridging both qualitative and quantitative information of Worldwide Biometric Workforce Management market. The study provides valuable market size data for historical (Volume** & Value) from 2019 to 2022 which is estimated and forecasted till…
Biometric ATM Market Growing Penetration and Adoption of Voice Biometric Solutio …
The global biometric ATM market size is expected to be valued at US$ 1,960.5 million in 2022 and grow at a CAGR of 30.3% over the forecast period. Biometric ATMs are self-service automated teller machines (ATMs), or cash machines, that use a biometric measure to identify customers and allow them to withdraw cash. Biometric authentication may be the only customer identifier used, or it may be used in conjunction with…
