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Biometrics as a Service in Healthcare Market

Biometrics as a Service in Healthcare Market Size, Share & Trends Analysis Report By Type (Unimodal And Multimodal), Application (Site Access Control, Time Recording, Mobile Application And Web And Workplace) And Scanner Type (Fingerprint Recognition, Palm Recognition, Facial Recognition, Voice Recognition, Iris Recognition And Others), By Region, And Segment Forecasts, 2023-2031

Report ID : 1569 | Published : 2023-03-02 | Pages: 180 | Format: PDF/EXCEL

The Global Biometrics As A Service In Healthcare Market Size is valued at 662.19 million in 2022 and is predicted to reach 2425.69 million by the year 2031 at an 15.74% CAGR during the forecast period for 2023-2031.

Biometrics refers to patient identification and giving users access control. Clinical trial participants' information is protected, and biometrics detects fraud. The government works to pass many pieces of legislation to maintain hospital security. Any health organization today is required to follow tight security guidelines. Government support is another aspect that stimulates the market.

Biometrics as a Service in Healthcare Market

The use of biometrics is necessary for certain hospital rooms. In many countries, certain hectare surety regulations are required. Government support for increased security is resulting in positive market developments. These methods have greatly decreased fraud and data threats. These important reasons will accelerate the revenue growth rates of the healthcare biometrics industry.

The highest incidences of data theft are found in the IT and healthcare sectors. As a result, biometrics in healthcare is becoming more widely used. This technique offers a variety of advantages. There are many patient records at medical facilities. However, with the aid of modern technology, all the data may be kept in one location in a secure environment. Healthcare Biometrics also enables data analysis and contactless payment processing. The healthcare biometrics industry overview shows how strongly these factors boost market value. 

Recent Developments:

  • In Feb 2023, Thales India launched its first design centre. According to the corporation, the centre will create innovative goods and services while fostering collaborations with consumers, other businesses, and academics. Thales has design centres across Europe, South America, North America, the Middle East, and Singapore, among other places.
  • In Aug 2019, Fujitsu Labs Ltd. announced the development of a technology that can compare biometric information while it is still encrypted with the same accuracy and speed as traditional biometric identification systems. Fujitsu Labs has developed a method that employs palm vein authentication to prevent the decrease in comparison accuracy that happens when encryption is applied while enhancing the speed of comparison processing. 

Competitive Landscape:

Some major key players in the biometrics as a service in healthcare market are:

  • Thales
  • Fujitsu
  • Aware, Inc.
  • BIO-key International
  • MorphoTrust USA
  • NextGate
  • Imprivata, Inc
  • Suprema
  • Imageware
  • M2SYS Technology 

Market Segmentation:

Biometrics as a service in the healthcare market is segmented into type, application and scanner type. Based on type, the market is divided into unimodal and multimodal. Based on application, biometrics as a service in the healthcare market is segmented into site access control, time recording, mobile application and web and workplace. Based on the scanner, the market is bifurcated into fingerprint recognition, palm recognition, facial recognition, voice recognition, iris recognition and others.

Based On Type, The Multimodal Segment Is A Major Contributor To Biometrics As A Service In Healthcare Market

The market's leading segment is. Healthcare firms prefer multimodal biometrics over unimodal biometrics because it considerably increases the confirmation rate. In multimodal biometrics, two identity qualities are combined, like a fingertip and a picture or a palm and an iris. This improves the identification process' accuracy and efficiency.

The Fingerprint Recognition Hospital Segment Witnessed Growth At A Rapid Rate

Fingerprint recognition has the highest revenue share, and it is anticipated that it will continue to hold that position during the anticipated time. The demand for a highly reliable and accurate method for safeguarding critical healthcare data and avoiding errors that might mean the death distinction is fueling the segment's expansion. Because each person has a unique set of fingerprints, fingerprint identification is the most precise means of identifying. Hospitals can comply with laws requiring the preservation of privacy laws around the world,

North American Biometrics As A Service In The Healthcare Market Holds A Significant Revenue Share In The Region

North American biometrics as a service in the healthcare market is expected to register the highest market share in revenue soon. This is a result of the region's availability of additional healthcare facilities and the presence of significant key players. Additionally, the market in this region will rise due to the rising demand for biometrics brought on by the increasing number of healthcare data breaches. A potential exists for the biometrics market in healthcare because of innovative diagnostic facilities. The growing investment in the healthcare biometrics industry will lead to discoveries. Premium features will be included in the healthcare biometrics. These factors will propel North America to the top spot in the market. In addition, Asia Pacific is projected to grow rapidly in the global market. Cyber threats are becoming more frequent in the region. Cyber threats to personal confidentiality and institutional data are frequent.Additionally, the market for healthcare biometrics is very technologically advanced. Client authorization and records are handled efficiently. A staggering number of professionals are also employed to manage the biometrics system.

Biometrics As A Service In Healthcare Market Report Scope:

Report Attribute

Specifications

Market size value in 2022

USD 662.19 Mn

Revenue forecast in 2031

USD 2425.69 Mn

Growth rate CAGR

CAGR of 15.74% from 2023 to 2031

Quantitative units

Representation of revenue in US$ Million, and CAGR from 2023 to 2031

Historic Year

2019 to 2022

Forecast Year

2023-2031

Report coverage

The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends

Segments covered

Type, Application And Scanner Type

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; Southeast Asia; South Korea; Southeast Asia

Competitive Landscape

Thales, Fujitsu, Aware, Inc., BIO-key International, MorphoTrust USA, NextGate, Imprivata, Inc., Suprema, Imageware and M2SYS Technology.

Customization scope

Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape.

Pricing and available payment methods

Explore pricing alternatives that are customized to your particular study requirements.

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global Biometrics as a Service in Healthcare Market Snapshot

Chapter 4. Global Biometrics as a Service in Healthcare Market Variables, Trends & Scope
4.1. Market Segmentation & Scope
4.2. Drivers
4.3. Challenges
4.4. Trends
4.5. Investment and Funding Analysis
4.6. Industry Analysis – Porter’s Five Forces Analysis
4.7. Competitive Landscape & Market Share Analysis
4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Type Estimates & Trend Analysis
5.1. by Product Type & Market Share, 2019 & 2031
5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Product Type:

5.2.1. Unimodal
5.2.2. Multimodal

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis
6.1. by Application & Market Share, 2019 & 2031
6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Application:

6.2.1. Site Access Control
6.2.2. Time Recording
6.2.3. Mobile Application
6.2.4. Web and Workplace

Chapter 7. Market Segmentation 3: by Scanner Type Estimates & Trend Analysis
7.1. by Scanner Type & Market Share, 2019 & 2031
7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2031 for the following by Scanner Type:

7.2.1. Fingerprint Recognition
7.2.2. Iris Recognition
7.2.3. Palm Recognition
7.2.4. Facial Recognition
7.2.5. Voice Recognition
7.2.6. Others

Chapter 8. Biometrics as a Service in Healthcare Market Segmentation 4: Regional Estimates & Trend Analysis

8.1. North America

8.1.1. North America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.1.2. North America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.1.3. North America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Scanner Type, 2023-2031
8.1.4. North America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.2. Europe

8.2.1. Europe Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.2.2. Europe Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.2.3. Europe Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Scanner Type, 2023-2031
8.2.4. Europe Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.3. Asia Pacific

8.3.1. Asia Pacific Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.3.2. Asia Pacific Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.3.3. Asia-Pacific Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Scanner Type, 2023-2031
8.3.4. Asia Pacific Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.4. Latin America

8.4.1. Latin America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.4.2. Latin America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.4.3. Latin America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Scanner Type, 2023-2031
8.4.4. Latin America Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

8.5. Middle East & Africa

8.5.1. Middle East & Africa Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Product Type, 2023-2031
8.5.2. Middle East & Africa Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Application, 2023-2031
8.5.3. Middle East & Africa Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by Scanner Type, 2023-2031
8.5.4. Middle East & Africa Biometrics as a Service in Healthcare Market Revenue (US$ Million) Estimates and Forecasts by country, 2023-2031

Chapter 9. Competitive Landscape

9.1. Major Mergers and Acquisitions/Strategic Alliances

9.2. Company Profiles


9.2.1. Thales
9.2.2. Fujitsu
9.2.3. Aware, Inc.
9.2.4. BIO-key International
9.2.5. MorphoTrust USA
9.2.6. NextGate
9.2.7. Imprivata, Inc
9.2.8. Suprema
9.2.9. Imageware
9.2.10. M2SYS Technology
9.2.11. Other Prominent Players

Segmentation of Biometrics as a Service in Healthcare Market-

Biometrics as a Service in Healthcare Market By Type

  • Unimodal
  • Multimodal

Biometrics as a Service in Healthcare Market

Biometrics as a Service in Healthcare Market By Application

  • Site Access Control
  • Time Recording
  • Mobile Application
  • Web and Workplace

Biometrics as a Service in Healthcare Market By Scanner Type

  • Fingerprint Recognition
  • Iris Recognition
  • Palm Recognition
  • Facial Recognition
  • Voice Recognition
  • Others

Biometrics as a Service in Healthcare Market By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa

Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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Frequently Asked Questions

How big is the Biometrics as a Service in Healthcare Market?

Biometrics as a Service in Healthcare Market expected to grow at 15.74% CAGR during the forecast period for 2023-2031

Thales, Fujitsu, Aware, Inc., BIO-key International, MorphoTrust USA, NextGate, Imprivata, Inc., Suprema, Imageware and M2SYS Technology

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