Key Trends and Insights into the Biometric As A Service In Healthcare Market: Growth Rate and Opportunities to 2034
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How has the biometric as a service in healthcare market grown over the years?
Over the past few years, the size of the biometric as a service in healthcare market has seen an explosive growth. There will be an increase from $1.30 billion in 2024 to $1.61 billion in 2025, indicating a compound annual growth rate (CAGR) of 23.26%. The historical growth in the market can be credited to the increased need for secure management of patient data, the expansion of healthcare infrastructure development, wearable biometric devices for health monitoring, expansion in mobile health applications and digital health solutions, and a growing leaning towards personalized healthcare experiences.
What Is the forecasted market size and growth rate for the biometric as a service in healthcare market?
The market size of biometrics as a service in healthcare is poised for substantial growth in the coming years. It is predicted to reach $3.66 billion in 2029, with a compound annual growth rate (CAGR) of 22.89%. This predicted growth during the forecast period could be due to the increased digital transformation in healthcare, widespread usage of wearables, the growing issue of identity theft, a surge in chronic disease cases, and a focus on thwarting prescription fraud. Key trends for this projected period include the incorporation of artificial intelligence (AI) in biometric systems, cutting-edge iris scanning, integration with blockchain for biometric validation, next-generation biometric cloud solutions, and touch-free biometric solutions for healthcare.
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What are the major factors driving growth in the biometric as a service in healthcare market?
The growth of biometric as a service in the healthcare sector is anticipated to be driven by the rising use of mobile devices. These portable electronic tools – such as smartphones, tablets, and smartwatches – are intended for wireless communication, internet accessibility, and myriad applications. Higher mobile device usage can be attributed to advancements in wireless technology, more affordable smartphones, enhanced internet connectivity, and the emergence of healthcare-specific mobile applications. Biometric as a Service (BaaS) in healthcare is facilitated by mobile devices, further improving these gadgets by providing secure, real-time access to critical health information and patient files via advanced biometric verification. This fosters both convenience and adherence to healthcare regulations. For example, Ericsson, a Swedish telecommunications firm’s Mobility Report, stated that the number of worldwide smartphone subscriptions was 6,930 million units in 2023 and had grown to 7,160 million units in 2024. As a result, the escalating use of mobile devices is fuelling the expansion of biometric as a service in the healthcare market.
What key areas define the segmentation of the global biometric as a service in healthcare Market?
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 are the top market players propelling the growth of the biometric as a service in healthcare industry?
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 key trends shaping the future of the biometric as a service in healthcare market?
Major companies operating in the biometric as a service in healthcare market are focused on introducing innovative solutions such as facial recognition solutions to enhance patient identification, streamline access control, and improve security in healthcare facilities. Facial recognition solutions refer to technology systems that identify or verify individuals by analyzing and comparing facial features from images or video footage, often used for security, authentication, or surveillance purposes. For instance, in February 2024, Imprivata Inc., a US-based software company, launched Imprivata Biometric Patient Identity, a pioneering solution utilizing facial recognition technology. This solution leverages cutting-edge biometric technologies, such as facial and fingerprint recognition, to ensure accurate patient identification across care settings. It integrates seamlessly with existing Electronic Health Records (EHR) systems, enabling real-time authentication while maintaining strict compliance with healthcare privacy regulations like HIPAA.
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What regions are dominating the biometric as a service in healthcare market growth?
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.
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