The Healthcare Biometrics Market Size Was Valued at Us$ 3,137.04 Million in 2021, and Is Expected to Exhibit a Cagr of 22.4% Over the Forecast Period by 2027

Healthcare Biometrics Market Expected to Reach $3.14 Billion by 2027

Healthcare professionals today are looking for ways to deliver quality and timely healthcare services while also protecting the privacy of patients, and biometrics provides a powerful answer. Healthcare is at the forefront of implementing innovative technology designed to protect against patient fraud. Patient identity theft is a rising concern, and healthcare professionals are actively engaging in preventative measures in an effort to cut down on this crime. Fingerprint recognition software has been proven to reduce the chances of this type of crime, while enabling medical professionals to rapidly and accurately identify the person responsible for fraudulent activities. Biometric authentication includes thumb print recognition and face recognition technology. By using a fingerprint authentication, authorized personnel will have immediate access to file information as soon as a finger scan is detected – preventing fraudulent access.

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Key Market Drivers:

Launch of biometrically-enabled, PoS terminals is expected to aid in growth of the global healthcare biometrics market over the forecast period. For instance, in August 2021, BIO-key International, Inc. launched BIO-key MobilePOS Pro, a handheld, biometrically-enabled, PoS terminal ideal for banking, social- and aid-workers, and healthcare-related transactions.

Moreover, increasing availability face biometrics is also expected to aid in growth of the global healthcare biometrics market over the forecast period. For instance, in June 2021, Secure Identity, LLC (Clear) partnered with Atlantic Health to provide digital proof of COVID-19 vaccination to the health care network’s patients with Health Pass, which features face biometrics for credential-binding and data security.

Covid-19 Impact Analysis

Emergence of Covid-19 has led to increasing adoption of healthcare biometrics in the aviation sector, which is expected to propel growth of the global healthcare biometrics market. For instance, in October 2020, Virgin Atlantic begun a trial using the FRANKD app powered by Yoti facial biometrics to conduct pre-flight COVID-19 testing for cabin crew and pilots.

Key Takeaways

• The healthcare biometrics market is expected to exhibit a CAGR of 22.4% over the forecast period, owing to launch of new products. For instance, in May 2020, Aware, Inc. released Knomi version 2.6, a mobile biometric software product equipped with passive facial liveness and authentication combined with an additional voice biometric capability – speaker recognition.

• Among regions, North America is expected to witness significant growth in the healthcare biometrics market, owing to increasing adoption of healthcare biometrics. For instance, in July 2021, Securiteam partnered with an unnamed cancer hospital in the U.S. to install intercom systems, surveillance and access control tools across various facilities belonging to the hospital around the country.

Top Key Players Include In Healthcare Biometrics Market: BIO-key International, Fujitsu Limited., 3M Cogent, Inc., MorphoTrust, Imprivata, Inc., Crossmatch Technologies, Inc., Toshiba Medical System Corporation, NEC Corporation, Hitachi Ltd., Integrated Biometrics, and Qualcomm Technologies, Inc.

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