Healthcare Biometrics Market
The Global Healthcare Biometrics Market is estimated to be valued at USD 10.10 Billion in 2024 and is expected to reach USD 41.81 Billion by 2031, exhibiting a compound annual growth rate (CAGR) of 22.5% from 2024 to 2031.The global healthcare biometrics market has been witnessing significant growth in the recent times. Various factors such as rising demand for heightened security of personal health records, growing geriatric population prone to chronic diseases, and increasing integration of advanced technologies in healthcare facilities are driving the adoption of biometrics in healthcare. Biometric systems are being extensively utilized for patient identification, medical record management, time & attendance tracking, and workforce management in the healthcare industry. Going forward, the market is further expected to experience robust expansion due to the ongoing COVID-19 pandemic, which has highlighted the importance of contactless identification and authentication systems in healthcare settings.
Market Dynamics:
The key drivers fueling the growth of global healthcare biometrics market include growing incidences of medical identity theft and healthcare fraud, rising government initiatives to promote digital health records, and increasing focus on quality care and patient safety. However, high initial costs associated with the deployment of biometric systems and privacy and security concerns pertaining to biometric data are some of the factors hindering the market growth. On the other hand, emerging opportunities in the areas of mobile healthcare and telemedicine are expected to open new avenues for the players over the forecast period.
Key Features of the Study:
- This report provides in-depth analysis of the global healthcare biometrics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global healthcare biometrics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include NEC Corporation, Thales Group, Fujitsu, HID Global Corporation, IDEMIA, BIO-key International, Aware, Inc., Imprivata, Inc., Suprema, Inc., Hitachi Ltd., Qualcomm Technologies, Inc., Gemalto (now part of Thales), Crossmatch (now part of HID Global), ZKTeco, and Innovatrics
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global healthcare biometrics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global healthcare biometrics market
Market Segmentation
Table of Contents
*Browse 32 market data tables and 28 figures on 'Healthcare Biometrics Market' - Global forecast to 2031
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