The Biometrics as a Service in Healthcare market has been thriving, with revenue estimated at $0.4 billion in 2023 and expected to reach $1.1 billion by 2028, growing at a CAGR of 20.7% according to MarketsandMarkets™ research. Biometric authentication in healthcare has been instrumental in improving patient care by ensuring accurate identification, reducing medical errors, and enhancing data security. However, challenges such as integration into existing healthcare IT infrastructure may slow down the adoption of biometric technologies.
The market is segmented by component, modality, application, end user, and region. The software segment has shown significant growth due to its seamless integration with Electronic Health Record systems, leading to improved patient identification and data security. Multimodal biometrics, combining various modalities like fingerprint and facial recognition, have seen increased adoption for their precision and reliability. Fingerprint solutions have been particularly effective in patient identification and access control, reducing errors and unauthorized access.
The healthcare industry has been increasingly using biometric solutions for applications such as medical record security, care provider authentication, and access control in hospitals and clinics. North America has been a key market for biometrics in healthcare due to stringent data protection regulations and cybersecurity threats, driving the adoption of biometric solutions.
Major players in the market include NEC Corporation, Fujitsu Limited, and Imprivata, among others. The market is expected to continue expanding, with a focus on advanced biometric solutions for authentication and identification applications. The report provides detailed insights into market trends, growth factors, and key market drivers, making it a valuable resource for stakeholders in the healthcare biometrics industry.