Biometrics As a Service in the Healthcare Market Size
Biometrics As a Service in the Healthcare Market was valued at USD 605.8 million in 2023 and is expected to exhibit growth at a CAGR of 18.8% from 2024 – 2032 period. High market growth can be attributed to the ongoing advancements in biometric solutions, rising demand for data security and privacy, growing adoption of telemedicine and remote care, increasing incidence of identity theft and fraud, and rising healthcare digitalization, among other contributing factors.
Moreover, the healthcare fraud, including identity theft and false insurance claims, is a growing concern. For instance, according to the U.S. government’s OCR (Office for Civil Rights), healthcare firms reported 145 breaches of information in the first quarter of 2023. In addition, approximately 95% of all identity theft occurrences are attributed to compromised healthcare records. Hence, the biometrics provides a reliable way to verify patient identities, reducing the risk of fraud. By linking biometric data to patient records, healthcare providers can ensure accurate identification, which is crucial for preventing fraud and ensuring patient safety.
Biometrics As a Service in the Healthcare Market Report Attributes
Report Attribute |
Details |
Base Year: | 2023 |
---|
Biometrics As a Service in the Healthcare Market Size in 2023: | USD 605.8 Million |
---|
Forecast Period: | 2024 to 2032 |
---|
Forecast Period 2024 to 2032 CAGR: | 18.8% |
---|
2032 Value Projection: | USD 2.8 Billion |
---|
Historical Data for: | 2021 - 2023 |
---|
No. of Pages: | 110 |
---|
Tables, Charts & Figures: | 152 |
Segments covered: | Modality, Scanner Type, Application, End-use, and Region |
---|
Growth Drivers: | - Growing need for efficient patient identification and management
- Rising adoption of telemedicine and remote healthcare
- Technological advancements in biometric solutions
|
---|
Pitfalls & Challenges: | - High implementation and maintenance costs
|
---|
Furthermore, the ongoing digital transformation in healthcare is pushing the adoption of advanced technologies, including biometrics, to enhance patient care and operational efficiency. As healthcare providers increasingly rely on digital systems, the need for secure and efficient access controls drives the demand for biometrics as a service.
Biometrics as a service in the healthcare refers to cloud-based platforms that provide biometric authentication and identification services, such as fingerprint, facial recognition, or iris scanning. These services enhance security, streamline patient identification, and support remote monitoring.
Biometrics As a Service in the Healthcare Market Trends
The biometrics as a service in the healthcare industry is experiencing several notable trends that are shaping its growth and development. Factors such as growing use of cloud-based solutions, rising demand for integrated artificial intelligence (AI) in healthcare and machine learning, increasing adoption of multimodal biometrics, and increased investment in digital health, among other factors are propelling the industry growth.
- AI and ML are being integrated into biometric systems to enhance their accuracy, efficiency, and adaptability. AI-driven algorithms are improving the precision of biometric identification and verification processes, making these systems more reliable in diverse healthcare environments. Additionally, AI enables real-time monitoring and analysis, which is crucial for applications like patient monitoring and access control.
- Additionally, blockchain technology is being explored as a way to enhance the security and integrity of biometric data in healthcare. By using blockchain, healthcare providers can ensure that biometric data is stored securely and is tamper-proof. This trend is gaining traction as healthcare organizations seek to protect sensitive data from breaches and unauthorized access, thereby aforementioned factors are expected to drive the market.
Biometrics As a Service in the Healthcare Market Analysis
Based on modality, the market is categorized into unimodal and multimodal. The multimodal segment generated the highest revenue of USD 343.9 million in 2023.
- Multimodal biometric systems, which combine two or more biometric identifiers (e.g., fingerprints, facial recognition, and voice), are becoming more popular in healthcare. These systems enhance security by providing multiple layers of authentication, reducing the likelihood of errors or breaches. The adoption of multimodal biometrics is particularly important in healthcare, where accuracy and security are critical.
- Moreover, the use of multiple biometric modalities enhances the accuracy and reliability of identification and authentication processes. For example, if a patient’s fingerprint cannot be accurately scanned due to a physical condition, facial recognition or iris scanning can serve as a backup method. This reduces the likelihood of false positives or negatives, ensuring that patients are correctly identified every time. Improved accuracy is essential in healthcare settings, where even small errors can have significant consequences, thus leading to the segmental growth.
Based on scanner type, the biometrics as a service in the healthcare market is classified into fingerprint recognition, iris recognition, palm recognition, facial recognition, voice recognition, and other scanner types. The fingerprint recognition segment dominated the market in 2023 with a market share of 47%.
- Fingerprint recognition technology has evolved to offer high levels of accuracy and reliability in patient identification and authentication. This is crucial in healthcare settings, where ensuring the correct match between a patient and their medical records is vital for effective treatment. The precision of fingerprint recognition reduces errors and enhances trust in the system.
- Furthermore, compared with other biometric modalities, these systems are generally more affordable, both in terms of initial setup and ongoing maintenance. This cost-effectiveness makes it accessible to a wide range of healthcare facilities, from large hospitals to smaller clinics, driving its adoption across the healthcare sector. This is anticipated to boost the segmental growth in the market.
Based on application, the biometrics as a service in the healthcare market is classified into medical record & data center security, patient identification & tracking, care provider authentication, remote patient monitoring, pharmacy dispensing, and other applications. The medical record & data center security segment witnessed the largest market share of 32% in the year 2023.
- The healthcare industry is a prime target for data breaches due to the valuable nature of patient information. Biometric systems enhance security by providing robust authentication methods that are harder to breach compared to traditional passwords or PINs. Implementing biometrics helps protect medical records from unauthorized access and cyber-attacks, making it a crucial component of data security strategies in healthcare.
- Additionally, biometric systems ensure that only authorized personnel can access and manage medical records, reducing the risk of data tampering and unauthorized modifications. By implementing biometrics for access control, healthcare providers can maintain the integrity and accuracy of patient data, which is essential for effective treatment and decision-making.
Based on end-use, the biometrics as a service in the healthcare market is segmented into hospitals, long term care centers, ambulatory surgical centers, and other end-users. The hospitals segment dominated the market in 2023 and is anticipated to reach USD 1.4 billion by the end of forecast period.
- Accurate patient identification is crucial in hospitals to prevent medical errors and ensure appropriate treatment. Biometrics, such as fingerprint or facial recognition, provide a reliable method for verifying patient identities. This reduces the risk of mix-ups and ensures that patients receive the correct medications and treatments, significantly enhancing patient safety and care quality.
- Furthermore, hospitals handle sensitive patient information and medical records, making security a top priority. Biometrics offer a robust solution for controlling access to restricted areas and systems. By using biometric authentication, hospitals can ensure that only authorized personnel access sensitive data and secure areas, thereby reducing the risk of data breaches and unauthorized access.
North America biometrics as a service in the healthcare market accounted for USD 264.5 million market revenue in 2023 and is anticipated to grow at CAGR of 18.5% between 2024 – 2032 period.
- North America places a strong emphasis on protecting sensitive healthcare data due to stringent regulations such as HIPAA (Health Insurance Portability and Accountability Act) in the U.S. and similar regulations in Canada. Biometrics as a Service offers advanced security features that help healthcare organizations comply with these regulations by ensuring secure access and protecting patient information from unauthorized access and data breaches.
- Moreover, the widespread adoption of electronic health records (EHRs) in the region drives the demand for secure and efficient access control systems. BaaS solutions integrate seamlessly with EHR systems to provide secure authentication and streamline access to patient records. This integration supports accurate and timely information management while maintaining high security standards, leading to the regional growth.
Germany market is projected to grow remarkably in the coming years.
- The German healthcare sector is highly focused on enhancing data security to protect against data breaches and cyber-attacks. Biometrics offer a high level of security by providing unique and hard-to-replicate authentication methods. This focus on securing patient records and health information drives the adoption of BaaS solutions in the country.
- Additionally, the country is investing in modernizing its healthcare IT infrastructure to improve service delivery and operational efficiency. Biometrics as a Service is part of this modernization effort, providing advanced authentication solutions that enhance security and streamline access to healthcare systems and data.
Japan holds a dominant position in the Asia Pacific biometrics as a service in the healthcare market.
- Japan is known for its technological advancements and innovation in healthcare. The country is increasingly adopting cutting-edge technologies to enhance healthcare services.
- Biometrics as a Service aligns with this trend by offering advanced authentication solutions that integrate with electronic health records and other digital health technologies, supporting Japan’s commitment to high-tech healthcare solutions.
Biometrics As a Service in the Healthcare Market Share
The biometrics as a service in the healthcare industry is highly competitive, with prominent players such as biometric technology firms, cloud service providers, and healthcare IT companies. Key competitors focus on delivering innovative solutions with advanced security features, seamless integration with healthcare systems, and compliance with stringent data protection regulations. The market is driven by ongoing technological advancements and the need for robust authentication methods, prompting companies to differentiate themselves through strategic partnerships, cutting-edge technology, and superior customer support. Major players often compete on the basis of their ability to provide scalable, secure, and user-friendly solutions that address the evolving needs of healthcare providers.
Biometrics As a Service in the Healthcare Market Companies
Prominent players operating in the industry include:
- Aratek
- Aware, Inc.
- BIO-key International
- Cognitec Systems GmbH
- Fujitsu
- HID Global Corporation (ASSA ABLOY)
- Hitachi, Ltd.
- IDEX Biometrics ASA
- Imageware
- Imprivata, Inc.
- NEC Corporation
- Spectra Technovision(India) Pvt. Ltd.
- Suprema Inc.
- Thales
- Voice Biometric Group
Biometrics As a Service in the Healthcare Industry News:
- In February 2024, VerifiNow announced the launch of PatientVerifi, a new patient identity verification solution for telehealth providers. This technology utilizes advanced biometric checkpoints to ensure accurate patient authentication, reduce risks of prescription misuse and insurance fraud, and enhance compliance with healthcare regulations. Thus, this strategic launch protects both patients and providers in the virtual healthcare environment.
- In February 2024, Imprivata announced the launch of Imprivata Biometric Patient Identity, a groundbreaking facial recognition solution designed for healthcare organizations. The new technology addresses the pressing issue of patient misidentification by ensuring accurate and efficient patient identification while meeting stringent privacy needs.
The biometrics as a service in the healthcare market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 - 2032 for the following segments:
Click here to Buy Section of this Report
Market, By Modality
Market, By Scanner Type
- Fingerprint recognition
- Iris recognition
- Palm recognition
- Facial recognition
- Voice recognition
- Other scanner types
Market, By Application
- Medical record & data center security
- Patient identification & tracking
- Care provider authentication
- Remote patient monitoring
- Pharmacy dispensing
- Other applications
Market, By End-use
- Hospitals
- Long term care centers
- Ambulatory surgical centers
- Other end-users
The above information is provided for the following regions and countries:
- North America
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Netherlands
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East and Africa
- South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa