Healthcare Biometrics Market To Reach $42.0 Billion By 2030

Healthcare Biometric Market Growth & Trends

The global healthcare biometrics market size is anticipated to reach USD 42.0 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 23.8% from 2024 to 2030. The migration of health system and hospitals to Electronic Health Records (EHR) and computerized physician order entry is expected to propel the demand for healthcare biometrics over the forecast period.

As more Healthcare Information Exchanges (HIE) are built across the network to coordinate care, the demand for technologies to combat data corruption and unauthorized access is expected to increase, thereby contributing to the market growth of healthcare biometrics during the forecast period.

Implementation of biometrics is expected to increase the security for patients, doctors, and nurses. The HIPPA has imposed stringent new regulations to safeguard confidentiality and privacy of patient information. These regulations are also expected to drive the deployment of biometrics in healthcare system, thereby contributing to the market growth over the forecast period.

Improvements in the existing technologies and the development of multipurpose authentication devices are expected to facilitate commercialization of advanced products. As a result, adoption of these devices is expected to escalate in the healthcare space in the near future.

The rise of consumerism in healthcare and increase in disposable income in emerging countries is also expected to boost the adoption of new technologies such as biometrics by health system, thereby propelling the market growth healthcare biometrics market during the forecast period.

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Healthcare Biometric Market Report Highlights

• The fingerprint recognition segment dominated the market in 2023, with a revenue share of 39.3%. This growth is significant due to the high reliability and accessibility of fingerprint recognition devices, as they are one of the most commonly used biometric systems globally.

• The single-factor authentication segment dominated the market in 2023 with a share of 64.6% 2023. The market share is significant as single factor authentication is widely used as a recognition system due to its accessibility and reliability.

• The patient identification & tracking segment dominated the market in 2023 with a share of 35.0% in 2023. The factors responsible for this growth are the growing awareness and implementation of biometric systems in healthcare and other sectors.

• North America dominated the healthcare biometrics market with a market share of 36.4% in 2023. The U.S. dominated the market of North America in 2023 with a market share of 83.1%. The market growth was attributed to the increased adoption of biometric systems due to rise in fraudulent activities in the healthcare sector of the country.

Healthcare Biometric Market Segmentation

Grand View Research has segmented the global healthcare biometric market on the basis of technology, type, application, end-use, and region:

Healthcare Biometrics Technology Outlook (Revenue, USD Billion, 2018 - 2030)

• Face Recognition

• Fingerprint Recognition

• Iris Recognition

• Vein Recognition

• Palm Geometry Recognition

• Behavioral Recognition

• Others

Healthcare Biometrics Type Outlook (Revenue, USD Billion, 2018 - 2030)

• Single Factor Authentication

• Multi Factor Authentication

• Multimodal Authentication

Healthcare Biometrics Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Medical Record Security & Data Protection

• Patient Identification & Tracking

• Remote Patient Monitoring

• Workforce Management

• Pharmacy Dispensing

• Others

Healthcare Biometrics End-use Outlook (Revenue, USD Billion, 2018 - 2030)

• Hospitals & Clinics

• Healthcare Institutions

• Research & Clinical Laboratories

Healthcare Biometrics Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Italy

  • Spain

  • Denmark

  • Sweden

  • Norway

• Asia Pacific

  • Japan

  • China

  • India

  • Australia

  • South Korea

  • Thailand

• Latin America

  • Brazil

  • Argentina

• Middle East and Africa (MEA)

  • South Africa

  • Saudi Arabia

  • UAE

  • Kuwait

List Of Key Players in the Healthcare Biometrics Market

• NEC Corporation

• Thales

• Fujitsu

• HID Global Corporation

• IDEMIA

• BIO-key International

• Aware, Inc.

• Imprivata, Inc.

• Suprema, Inc.

• Hitachi Ltd.

• Qualcomm Technologies, Inc.