The size of the worldwide multimodal biometrics in healthcare market was estimated at USD 14.68 billion in 2022 and is projected to increase at a compound annual growth rate (CAGR) of 15.8% to reach USD 42.96 billion by 2028. In the healthcare business, the term “multimodal biometrics” refers to the employment of two or more biometric authentication methods to validate an individual’s identification. This technology has received a lot of attention in recent years due to the growing demand for safe and reliable patient identification and data privacy.
The growing use of electronic health records is one of the major factors propelling the multimodal biometrics market in the healthcare industry (EHRs). EHRs are being used by healthcare professionals more and more to keep track of patient information and guarantee that it is correct, safe, and available to authorized individuals. Multimodal biometric authentication techniques can lower the danger of identity theft, data breaches, and medical mistakes while also improving the security of electronic health records. Another factor fueling market expansion is the rising need for telehealth and remote patient monitoring services.
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Regional Scope
- North America
- Europe
- APAC
- South America
- Middle East
- Africa
Key Company
- NEC Corporation
- Fujitsu Limited
- 3M Cogent, Inc.
- Safran S.A.
- Crossmatch Technologies, Inc.
- BIO-key International, Inc.
- Aware, Inc.
- Precise Biometrics AB
- M2SYS Technology
- Daon, Inc.
- Thales Group
- HID Global Corporation/ASSA
- ABLOY AB
- Suprema Inc.
- IDEMIA (formerly Morpho)
- Cognitec Systems GmbH
Geographical Analysis
Given the region’s established healthcare system and early acceptance of cutting-edge technology, multimodal biometrics in healthcare is predicted to be dominant in North America. For example, in 2020, a large US-based healthcare provider and FacePhi, a prominent biometric solutions supplier, teamed to integrate multimodal biometrics technology for improved patient identification and security. Furthermore, multimodal biometric systems are being significantly invested in by healthcare institutions in the area for the purposes of medical record administration, access control, and patient and staff identification.
The multimodal biometrics in the healthcare market is anticipated to expand significantly in Asia Pacific as a result of the region’s rising healthcare costs, growing need for cutting-edge healthcare solutions, and encouraging government efforts. For example, the National Digital Health Mission (NDHM) was established by the Indian government in 2020 to encourage the use of digital technology, such as biometric systems, to enhance healthcare services throughout the nation.
Market Driver
The necessity for precise and safe patient identification in the healthcare sector is one of the main drivers propelling the multimodal biometrics market. Healthcare institutions are relying more and more on biometric technology for accurate patient identification and verification due to growing worries about medical identity theft and fraud. To increase the precision and dependability of patient identification, multimodal biometric systems incorporate many biometric identifiers, such as voice, face, and fingerprint recognition.
In addition to ensuring patient safety, this technology lowers healthcare expenses and improves operational efficiency by doing away with the need for manual patient data matching and minimizing misidentification mistakes. Furthermore, the pandemic has raised the need for multimodal biometrics and other contactless biometric solutions in the healthcare industry. Contactless patient identification is made possible by contactless biometric technologies, which can also assist lower the risk of disease transmission. In the healthcare sector, this has increased the use of and funding for multimodal biometric technologies.
Scope of the Report
This research provides estimates and information for the Multi-modal Biometrics 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 market estimations are determined by taking into account the many economic, social, and political aspects that impact the Multi-modal Biometrics in Healthcare Market in addition to the current market trends. 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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