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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.
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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
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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.
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