Healthcare Biometrics Market Insights: Technology, Application & Key Players
The global healthcare biometrics market size was valued at $5.2 billion in 2021, and is projected to reach $24.9 billion by 2031
According to the report published by Allied Market Research, a Portland based research firm, the global healthcare biometrics market generated $5.2 billion in 2021 and is estimated to reach $24.9 billion by 2031, witnessing a CAGR of 17.4% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios. The report is a helpful source of information for leading market players, new entrants, investors, and stakeholders in devising strategies for the future and taking steps to strengthen their position in the market.
The report offers a detailed segmentation of the global healthcare biometrics market based on technology, application, end user, and region. The report provides an analysis of each segment and sub-segment with the help of tables and figures. This analysis helps market players, investors, and new entrants in determining the sub-segments to be tapped on to achieve growth in the coming years.
Based on technology, the fingerprint recognition segment was the largest revenue contributor in 2021, holding more than one-third of the total market share and would dominate the market in terms of revenue through 2031. The same segment is also anticipated to register the highest CAGR of 19.8% during the forecast period. The report also analyzes face recognition, voice recognition, vein recognition, iris recognition, hand recognition, and others segments.
Based on application, the medical record and data center security segment contributed to the major share in 2021, holding more than one-third of the global healthcare biometrics market revenue and is projected to rule the roost by 2031. The same segment would also register the fastest CAGR of 19.9% during the forecast period. The report also discusses patient identification and tracking, care provider authentication, home/remote patient monitoring, and others segments.
Based on end user, the hospitals segment accounted for the highest share in 2021, generating nearly three-fifths of the global healthcare biometrics market revenue and is projected to maintain the lion’s share by 2031. The same segment would also cite the fastest CAGR of 19.2% during the forecast period. The report also studies clinics, clinical laboratories, and healthcare institutions segments.
By region, North America garnered the major share in 2021, generating nearly two-fifths of the global healthcare biometrics market revenue and would dominate the market in terms of revenue through 2031. The Aisia-Pacific region on the other hand, would showcase the fastest CAGR of 20.9% during the forecast period. The report also discusses LAMEA and North America regions.
The major players operating in the global healthcare biometrics market include NEC CORPORATION, Fujitsu Limited, 3M Cogent, Inc, IDEMIA (Morpho), Zotero, Crossmatch Technologies, Bio-Key International, Suprema Inc, and Imprivata, Inc. These market players have embraced several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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