The size of the global market for fingerprint recognition in healthcare was estimated at USD 1.14 billion in 2022 and is projected to increase at a compound annual growth rate (CAGR) of 10.8% to reach USD 18.25 million by 2032.
The aforementioned possibilities and trends are anticipated to fuel the overall growth of the fingerprint recognition market in the healthcare industry in the upcoming years. In the healthcare sector, the use of technology for safe and effective patient identification, access control, and medical record administration is growing in significance.
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Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Players
- NEC Corporation
- Crossmatch Technologies, Inc.
- BIO-key International, Inc.
- 3M Cogent, Inc.
- SecuGen Corporation
- Fujitsu Limited
- HID Global Corporation
- ZKTeco Inc.
- Suprema Inc.
- IDEMIA
- M2SYS Technology
- Integrated Biometrics
- Aware, Inc.
- NITGEN Co., Ltd.
- Anviz Global Inc.
Market Driver
The fingerprint recognition market in healthcare is expanding due to rising patient identification requirements that must be both secure and effective. The growing need for safe and effective patient identification is a major reason propelling the fingerprint recognition market’s expansion in the healthcare industry. For the healthcare sector to ensure patient safety and provide high-quality care, precise and secure patient identification is essential. Conventional patient identification techniques, including utilizing a patient’s name and birthdate, might be error-prone and could not be sufficiently distinct to thwart fraud. Fingerprint recognition technology is a useful tool for healthcare practitioners since it offers a very safe and effective means of patient identification.
In order to provide precise and effective patient identification, fingerprint recognition can assist in lowering mistakes and preventing fraud. This is especially crucial as the healthcare sector transitions to telemedicine and electronic health records (EHRs), the success of which depends on accurate patient identification. Additionally, fingerprint recognition can support medical record management, patient privacy, and fast patient information access for healthcare practitioners. Access control is another use for technology that may be used to improve the general security of healthcare facilities by prohibiting illegal access to critical locations and equipment. As a consequence, the growing demand for safe and efficient patient identification is likely to promote the use of fingerprint recognition systems in the healthcare industry, adding to the market’s development.
Regional Analysis
The fingerprint recognition in the healthcare industry is currently dominated by North America, which is said to be due to the region’s concentration of significant companies and the high adoption rate of fingerprint recognition solutions in the healthcare industry. The global market for fingerprint recognition in healthcare was led by North America in 2020. This is explained by the region’s healthcare facilities’ rising need for secure patient identification and by the widespread use of electronic health records. North America’s dominance in the industry is partly a result of the existence of significant firms in the area, including NEC Corporation, 3M Cogent, Inc., and Crossmatch Technologies, Inc.
The demand for secure patient identification is growing, and the US is the largest market in North America for fingerprint recognition in healthcare due to the widespread use of electronic health data. For example, in order to enhance patient identification and deter identity theft, the US Department of Veterans Affairs (VA) installed fingerprint recognition technology at its facilities in 2019. Due to the growing use of electronic health records and the requirement for secure patient identification, Canada is a sizable market for fingerprint recognition technology in the healthcare industry. For instance, in 2020, the University of Alberta Hospital in Canada used fingerprint recognition technology to establish a biometric identity system that would enhance patient identification and shorten wait times.
As a result of growing government initiatives to upgrade the region’s healthcare infrastructure and technology, rising healthcare spending, and the growing adoption of electronic health records, North America is predicted to continue to dominate fingerprint recognition in the healthcare market in the years to come.
Scope of the Report
This research provides estimates and information for the Fingerprint Recognition in Healthcare Market for the past, present, and future. An extensive research approach was used to establish the market estimations that are included in the study. Multiple research channels are used in the accepted research approach, including primary, secondary, and subject-related expert input. The Seasonal Affective Disorder Market is estimated by taking into account the impact of many economic, social, and political aspects in addition to the present market dynamics. The market data is also defined by different laws, government expenditures, and the expansion of research and development. The market projections take into account both favorable and unfavorable changes in the market.
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