The healthcare biometrics global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Healthcare Biometrics Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The healthcare biometrics market size has grown exponentially in recent years. It will grow from $6.95 billion in 2023 to $8.46 billion in 2024 at a compound annual growth rate (CAGR) of 21.7%. The growth in the historic period can be attributed to increasing cases of identity theft and fraudulent activities, data security and privacy, reduction in administrative errors, cost reduction, and availability of funding and grants for healthcare.
The healthcare biometrics market size is expected to see exponential growth in the next few years. It will grow to $18.67 billion in 2028 at a compound annual growth rate (CAGR) of 21.8%. The growth in the forecast period can be attributed to the increasing adoption of electronic health records, growing demand for patient data security, improved patient identification systems, rising healthcare expenditure, and growing public awareness and acceptance of biometric technologies. Major trends in the forecast period include technological advancements, multimodal biometrics, artificial intelligence, machine learning integration, interoperability standards, and integration with Internet of Things (IoT) devices.
Order your report now for swift delivery @
https://www.thebusinessresearchcompany.com/report/healthcare-biometrics-global-market-report
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing number of patients in hospitals is expected to propel the growth of the healthcare biometrics market going forward. The number of patients is rising due to an aging population, an increased prevalence of chronic diseases, and improved access to healthcare services. Healthcare biometrics helps hospital patients by enhancing security and personalized care through accurate identification and authentication of individuals. For instance, in February 2024, according to the Canadian Institute for Health Information, a Canada-based not-for-profit organization, acute inpatient hospitalizations in Canada rose to 2.96 million in 2022–2023 from 2.88 million in 2021–2022. This represents a 2.78% increase in hospitalizations year-over-year. Therefore, the increasing number of patients in the hospital is driving the growth of the healthcare biometrics market.
Market Trends –
Major companies operating in healthcare biometrics are focusing on developing innovative patient identity verification solutions to enhance security and improve the accuracy of patient care. Patient identity verification solutions refer to advanced technologies designed to accurately and securely confirm patients’ identities, improving both safety and efficiency in healthcare settings. For instance, in February 2024, VerifiNow, a US-based provider of biometric verification, PatientVerifi, a biometric identity verification solution for telehealth providers that employs voice biometrics, facial recognition, and liveness detection to accurately authenticate patients during virtual appointments. This technology reduces the risks of incorrect patient identification, malpractice claims from misdiagnosis, and prescription misuse. Designed for integration with popular video platforms such as Zoom and Microsoft Teams, PatientVerifi enhances compliance with healthcare regulations and safeguards both patients and providers.
The healthcare biometrics market 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
Get an inside scoop of the healthcare biometrics market, Request now for Sample Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=19499&type=smp
Regional Insights –
North America was the largest region in the healthcare biometrics market in 2023. 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.
Key Companies –
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
Table of Contents
1. Executive Summary
2. Healthcare Biometrics Market Report Structure
3. Healthcare Biometrics Market Trends And Strategies
4. Healthcare Biometrics Market – Macro Economic Scenario
5. Healthcare Biometrics Market Size And Growth
…..
27. Healthcare Biometrics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
